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Dumping U.S. debt may become a weapon in global trade war
By Richard Leong
Reuters
Friday, March 2, 2018
NEW YORK -- President Donald Trump's plan to slap stiff tariffs on imported steel and aluminum has rattled financial markets and stirred fears that some trading partners might retaliate by dumping U.S. Treasuries.
Should China, Japan, and other nations, which have recycled their trade dollars through their Treasuries holdings, suddenly decide to whittle them down, markets could be in for a rough ride.
... Dispatch continues below ...
Peat Resources Ltd. Engages Better Chain S.L.
in Launch of Cobalt Blockchain Project
Company Announcement
Thursday, March 1, 2018
TORONTO -- Peat Resources Ltd. (TSXV: PET) is pleased to announce that it has engaged Better Chain S.L. in the launch of the company's project to provide a blockchain-based platform to demonstrate compliance of cobalt and other minerals (the Cobalt Blockchain Project) with international standards on responsible procurement.
"Manufacturers and end-users are demanding more transparency on the origin of minerals to ensure compliance with international standards and that all materials procured are conflict- and child-labor-free," said Lance Hooper, Peat's president and chief operating officer. "To help meet these demands we are pleased to welcome Better Chain to the Cobalt Blockchain Project. Their wealth of experience will add immense value to our efforts in developing an integrated platform for mineral supply chains with an immediate focus on unlocking the potential of ethically-sourced cobalt from the Democratic Republic of the Congo." ...
Peat Resources Ltd. is a Canadian resource company expanding its exploration and development business to include interests in cobalt and other mineral assets, with existing licenses for conflict-free mineral and metals provisioning in the DRC, and exploring distributed ledger technology-based certification to ensure a socially-responsible cobalt supply chain with the Cobalt Blockchain Project. ...
... For the remainder of the announcement:
https://ceo.ca/@newswire/peat-resources-limited-engages-better-chain-sl-in
Such a retaliatory move, in the wake of Trump's first big protectionist action, comes at a time when foreign demand for U.S. debt is seen critical to offset an expected surge in federal borrowing needs, analysts and investors said today.
"The threats are real," said Kristina Hooper, chief global market strategist at Invesco in New York."We need more foreign demand, not less." ...
... For the remainder of the report:
https://www.reuters.com/article/us-usa-trade-treasuries-analysis/dumping...
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