EU leaders choose Christine Lagarde for ECB top job

WNM | Jul 2, 2019 at 9:45 PM

France’s Christine Lagarde has been proposed for the presidency of the European Central Bank, Belgium’s Charles Michel for European Council president, Germany’s Ursula von der Leyen for European Commission president and Spain’s Josep Borrell for EU foreign policy chief.

Hong Kong police fire tear gas after protesters trash legislature

WNM | Jul 1, 2019 at 10:56 PM

Hong Kong police fired tear gas in running battles with hundreds of protesters, some of whom stormed the legislature, destroyed pictures and daubed walls with graffiti, on the anniversary of the city’s 1997 return to Chinese rule on Monday.

Yuan, dollar gain, Swiss Franc weaker after U.S.-China trade truce

WNM | Jul 1, 2019 at 12:52 PM

The dollar and offshore Chinese yuan rallied on Monday after the United States and China agreed to restart their troubled trade talks, while the Japanese yen and Swiss franc were the big casualties as investors sold safe-haven currencies.

Factory activity shrinks across Europe and Asia in June

WNM | Jul 1, 2019 at 12:17 PM

Factory activity shrank across much of Europe and Asia in June as the simmering U.S.-China trade conflict put further strains on the manufacturing sector, keeping policymakers under pressure to deploy stronger steps to avert a global recession.