(Aug 16): Among the unintended consequences from President Donald Trump's trade war is that it could cause the Federal Reserve to slow the pace of its interest rate hikes.
While Trump has spoken out against the central bank's policy tightening and might be pleased if it stops raising interest rates sooner than expected, the move would be for the wrong reason, namely a slowing economy.
That's among the multiple quandaries that have arisen from the president's gambit to lower the national trade deficit and change agreements he has blasted as inherently unfair to the U.S.
(Reuters) – Chinese technology giant Tencent on Wednesday reported a surprise 2 percent fall in second-quarter net profit, lagging analyst estimates, due to slower growth in mobile gaming and a decline in PC games. China’s largest social media and gaming firm said April-June profit fell to 17.87 billion yuan ($2.59 billion), compared with the 19.67 […]