Countries that once would cater to the U.S. in military and political matters in order to secure access to U.S. markets will now be tempted to switch their allegiance to China. This pressure will be especially acute for East Asian countries that are close to Chinese markets.
President Donald Trump and Congress have five days left to agree on must-pass spending legislation, or they risk of leaving Washington for the holidays with a big chunk of the federal government shuttered.
SBI Holdings Inc., one of the lead underwriters for SoftBank Group Corp. Gs initial public offering of its domestic telecom unit, said it made an error allocating some of the 180 billion yen ($1.6 billion) worth of shares itGs selling to investors.
Stocks in Asia traded mixed on Tuesday as investors weighed further discussions on trade between Washington and Beijing. The pound stayed lower after a slump in the wake of U.K. Prime Minister Theresa May delaying a critical vote on Brexit.