American Express Company AXP has received an approval for a clearing and settlement license in mainland China from the People’s Bank of China (PBOC), which is responsible for carrying out monetary … ( read original…
FINANCE
American Express Cleared to Process Local Payments in China
American Express was cleared to begin processing local transactions in China and will begin doing so later this year. ( read original story …)
Tesla’s China Car Registrations Jump In May; Stock Down In Pre-Market On Analysts’ Rating Cuts
China car registrations in May jumped 150% month on month, Reuters reported citing data from auto consultancy LMC Automotive.The U.S. electric vehicle maker’s China registrations, including imported … ( read original story …)
Coronavirus Update: Beijing on Alert, Kudlow Says $600 Boost a ‘Disincentive’
Authorities shut down parts of Beijing after a surge in new cases; White House economic adviser Larry Kudlow says a return-to-work bonus should replace a weekly $600 unemployment boost; Tulsa’s health … ( read original…
VESoft raises $8M to meet China’s growing need for graph databases
Sherman Ye founded VESoft in 2018 when he saw a growing demand for graph databases in China. Its predecessors like Neo4j and TigerGraph had already been growing aggressively in the West for a few ……
EU Challenges China’s Trade Expansion With Landmark Tariff
The European Union fired a warning shot at China over its global trade ambitions with an unprecedented tariff decision to counter Chinese subsidies to exporters.For the first time, the EU on Monday to … (…
Tokyo, Beijing Cases Climb; Some U.K. Shops Open: Virus Update
Spreading cases in Beijing raised concern of a resurgence of the pandemic in China, while a former Food and Drug Administration chief said new U.S. outbreaks are occurring and Tokyo infections jumped. ( read original…
China is now in “self-confident” mode: Former U.S. ambassador
Frank Lavin, CEO of Export Now and former U.S. Ambassador to Singapore, sees U.S.-China relations in a downward trajectory until at least the U.S. elections in November. ( read original story …)
FOREX-Aussie slumps, safe havens risk as Beijing finds new virus cluster
The Australian and New Zealand dollars fell against their U.S. counterpart on Monday as fears of a second wave of the coronavirus in Beijing prompted investors to sell currencies sensitive to risk. Th … (…
Beijing Outbreak Spreads; U.K. Shops Set to Open: Virus Update
An outbreak of cases in Beijing raised fears of a resurgence of the pandemic in China. Infections spread to a second fruit and vegetable market and more than 20 residential compounds across the city ……
Fears of Virus Resurgence in Beijing
Fears and concerns over a second wave of coronavirus infections are growing in Beijing and threatening an economic recovery. A wholesale market has been shut and nearby housing districts are under … ( read original…
The Great Decoupling? What’s Next for U.S.-China Rift
In terms of economic relations, the U.S. and China have been coupling up for decades. So much so that they became the biggest trading partners on the planet from 2014. But now, amid trade and…
FOREX-Aussie and kiwi down early after new virus cases in Beijing
The Australian and New Zealand dollars fell against their U.S. counterpart on Monday after fears of a second wave of the coronavirus in Beijing prompted investors to sell currencies sensitive to risk. ( read original…
