Oil prices slipped on Friday, shrugging off a weaker U.S. dollar, as tensions between the United States and China rose against a backdrop of rising coronavirus cases. ( read original story …)
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Oil prices turn negative on U.S.-China tensions, corona cases
China markets extend losses, Shenzhen stocks dive 5% as U.S.-China tensions flare
Asia Pacific markets fell on Friday, led by Chinese stocks, as investor sentiment took a hit over worsening U.S.-China relations and a sell-off in U.S. markets overnight. ( read original story …)
Beijing Orders the Closure of the U.S. Consulate in Chengdu as Pompeo Takes Aim at China’s ‘New Tyranny’
Move comes after Washington orders closure of Chinese consulate in Houston and Pompeo blasts China’s ‘new tyranny’ … ( read original story …)
Escalating U.S.-China tensions weigh on European stocks
European shares fell on Friday as global sentiment soured after Beijing ordered United States to close its consulate in a Chinese city in retaliation to similar action from Washington. ( read original story …)
China’s economy seen growing 2.2% in 2020, weak demand, U.S. tensions cloud outlook: Reuters poll
China’s economy is expected to recover steadily in the rest of the year, boosted by stimulus measures to reverse the damage from the coronavirus crisis, but weak global demand and rising Sino-U.S. ( read original…
Asian markets sink as U.S.-China tensions rise, U.S. tech stocks fall
Stocks fell in Asia early Friday, following rising tensions between the U.S. and China and a selloff of tech stocks on Wall Street. Markets in Japan were closed for a holiday. On Friday, China ordered…
China’s Hozon Targets IPO in Bet on Affordable Electric Cars
China’s Hozon Auto is seeking financing on the way to a planned initial public offering, betting on rising demand in rural areas for its electric cars that start at less than $10,000. ( read original…
Top Tennis, Athletics Axed In China As Coronavirus Edict Hits Hard
All top-level tennis and the Diamond League athletics were wiped off China’s 2020 sporting calendar on Friday, following a government edict aimed at controlling the coronavirus which could also spell … ( read original story…
China retaliates against U.S.; orders Chengdu consulate to close
China on Friday ordered the United States to close its consulate in southwestern Chengdu in retaliation against Washington for ordering Beijing to close its Houston office. ( read original story …)
Tesla’s China Rival WM Motor Considers Star Board IPO
It recently delivered its 30,000th EX5 SUV vehicle, the company announced this month. Though China’s auto market is recovering as the coronavirus pandemic recedes, Chinese EV startups remain under … ( read original story …)
U.S. says China backed hackers who targeted COVID-19 vaccine research
The indictment said that the hackers operated both for their own profit and also for the main Chinese intelligence service, the Ministry of State Security. ( read original story …)
Beijing’s Tightrope: Stand Tough, but Avoid a Full Rupture With the U.S.
After the closure of the Houston consulate and other actions, Chinese officials are trying to respond without endangering the economy or inviting further global isolation. ( read original story …)
China orders U.S. to close a consulate in tit-for-tat as relations continue to deteriorate
Beijing tells Washington to shutter consulate in western city of Chengdu after U.S. ordered Chinese Consulate in Houston closed, as relations continue to deteriorate. ( read original story …)
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