declined more than 1% after Goldman Sachs cut its price target for the stock by 10%, according to Reuters. The lender's stock has slipped in the past few days. Australia's anti money-laundering and terrorism financing regulator filed for civil penalty orders against the firm, alleging its "oversight of the banking and designated services provided through its corresponding banking relationships was deficient.
The matter has been further complicated by U.S. legislation on Hong Kong, which has been rocked by months of protests. The U.S. House of Representatives passed a bill on Wednesday intended to support protesters in Hong Kong. It prompted Beijing to accuse the U.S. of interfering in domestic affairs. U.S.
"They have threatened forceful measures if the bill is signed so expect to tensions to escalate when that happens," Lien said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks Fall on Dimming Hopes For U.S.-China Trade TalksStocks fell in Asia, following retreats in the U.S. and Europe, on concerns that trade negotiations between China and the U.S. could reach a stalemate. Given that Trump Admin (Barr) is investigating FBI/intel services, House is investigating Potus, Senate (Graham) is investigating former VP, does Xi look at this and say - there is no one running this madhouse, why do a deal now?
Source: WSJ - 🏆 98. / 63 Read more »
European stocks seen lower amid fears for US-China trade and Hong Kong discordEuropean stocks were seen lower Thursday as relations between China and the U.S. come under strain over Hong Kong, amid concerns that 'phase one' of a trade deal between the two powerhouses may be pushed into 2020.
Source: CNBC - 🏆 12. / 72 Read more »
Global Stocks Fall After Trump Criticizes China on Trade TalksGlobal stocks fell after President Trump criticized China’s efforts to reach a trade agreement, escalating concerns that the world’s two biggest economies won’t reach an agreement this year.
Source: WSJ - 🏆 98. / 63 Read more »
Stocks stumble as HK bill poses hurdle in U.S.-China trade dealGlobal stocks slid further on Thursday as the standoff between the world's ...
Source: Reuters - 🏆 2. / 97 Read more »
European stocks seen lower after Trump threatens to hike tariffs on ChinaEuropean stocks were seen lower Wednesday morning after U.S. President Donald Trump threatened to hike tariffs on Chinese goods if Beijing does not agree to a trade deal.
Source: CNBC - 🏆 12. / 72 Read more »
Asia stocks set to trade lower amid concerns 'phase one' US-China trade deal may not be signed in 2019Reuters reported, citing trade experts and people close to U.S. President Donald Trump's administration, the completion of a partial trade deal could be pushed into 2020 as China seeks more extensive tariff rollbacks.
Source: CNBC - 🏆 12. / 72 Read more »