China’s total gold imports via Hong Kong fell 1.5% in May from April, Hong Kong Census and Statistics Department data showed on Friday. WHY IT’S IMPORTANT As the world’s leading gold consumer, China’s …
BUSINESS
U.S., China agree on framework for trade deal, both nations say
The U.S. and China have agreed on the framework for a trade deal, both nations say. It appeared critical rare earth minerals could be a key part of it.
Crypto Market Volatility on Radar As Trump-Tariff 90-Day Pause To End Soon
Crypto market is facing selling pressure just as the 90-day pause on Trump tariffs is likely to end soon, 13 days from now on July 9. With $17 billion
China to Approve Exports of ‘Controlled Items’ to U.S.
The Chinese commerce ministry said it would review and approve eligible export applications, in response to a question about rare-earth supplies.
A luxury experience in China: Global high-end brands bet on conceptual stores to revive sales
Louis Vuitton’s latest Shanghai store is not your average luxury flagship. The 30-meter-high, ship-shaped store, “The Louis”, is billed as an experience, and houses an exhibition space and cafe in …
US, China formalize deal on rare earth shipments in trade breakthrough
China signaled it would approve the export of rare earth minerals in a statement Friday hours after White House officials said that the US and China had signed a trade agreement to work out tensions…
China Imports Argentina Soy Meal in Trial Amid US Tensions
China has booked a rare shipment of soybean meal from Argentina, as the country seeks to secure supplies of a key animal feed ingredient amid an ongoing trade war with the US.
China’s factory activity expected to shrink for third month amid trade tensions: Reuters poll
China’s factory activity likely shrank for a third straight month in June, a Reuters poll showed on Friday, as manufacturers await a more durable deal in a fragile trade truce with the U.S. to revive…
Nike plans to reduce reliance on China production for US market to soften tariff blow
U.S. President Donald Trump’s sweeping tariffs on imports from key trading partners could add around $1 billion to Nike’s costs, company executives said on a post-earnings call after the sportswear …
Donald Trump says US-China trade truce has been ‘signed’
Donald Trump said on Thursday the US and China had signed a trade deal two weeks after saying they had reached an understanding in London about how to implement a ceasefire in the countries’ dispute.…
GE Appliances to move washing machine production from China to Kentucky in $490M investment
GE Appliances invests $490 million to relocate washer production from China to Kentucky by 2027, adding 800 full-time jobs amid changing economic policies.
Nike plans to reduce China production to soften US tariff blow, shares jump
Nike said it would cut its reliance on production in China to mitigate the impact from U.S. tariffs on imports, and forecast a smaller-than-expected drop in first-quarter revenue, sending its shares …
Trouble In Paradise For The Brand That Overtook Tesla
The growth of BYD’s global output is falling, and existing inventory is steadily increasing …
