Tag: dollar

The dollar powers American dominance: Rivals are building workarounds

U.S. allies, looking to buck American control over international trade, are developing alternate systems that don’t rely on U.S. currency. The catalyst was the Trump administration’s decision last year to reimpose trade sanctions on Iran after pulling out of the 2015 nuclear-weapons deal. The U.K., Germany and France didn’t support

Asian markets plunge, led by tech stocks, after Huawei exec’s arrest

Asian stock prices fell Thursday, led by tumbling tech stocks, following the arrest of a senior official at Chinese telecom equipment maker Huawei that could derail progress in China-U.S. trade talks. Canadian authorities arrested the chief financial officer of Huawei Technologies for possible extradition to the United States, for allegedly