Trump agreed to allow ZTE to stay in business and the U.S. and China struck a deal to drop their tariff threats while they worked on a wider trade agreement, U.S. Treasury Secretary Steven Mnuchin…
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Shrinking Valuations Cast Shadow Over Smaller Chinese Bank IPOs
“China’s banking landscape is increasingly tilted — the strong … “Investors will remain lukewarm to the shares and upcoming IPOs of small lenders,” said Liao. “We haven’t seen any light at the end of the…
China relieved, U.S. business ambivalent over easing of trade tensions
BEIJING (Reuters) – China’s government on Monday praised a significant cooling of trade tensions with the United States, saying agreement was in both nations’ interests while state media trumpeted what it saw as Beijing’s refusal…
FTSE 100 at record high after trade war truce, but pound hits 2018 low – business live
China hasn’t said how much it’s willing to reduce the … US investors welcomed news that General Electric planned to merge its transportation business with rail equipment maker Wabtec. Financial shares gained ground after Fifth…
China says it can’t guarantee no more trade tension with U.S.
“We believe this result will be welcomed by the peoples and business communities in the two countries, and the international community.” “Big risk factors” include whether China will take action fast enough on its trade…
China property tax push could spark sell-off
Two decades after the privatization of China’s housing market, the government is moving cautiously toward imposing a property tax to instill order and combat a potentially destabilizing increase in debt. Beijing’s squeamishness is understandable; over…
Beijing sees April pollution levels rise as industry curbs end
BEIJING (Reuters) – Pollution levels in China’s capital Beijing rose by 20.8 percent year-on-year in April as industries, including steel, ramped up output following the lifting of winter curbs, according to official data released on…
‘A Lot of Noise’ in U.S.-China Trade News, Says T. Rowe Price
May.21 — Sebastien Page, head of global multi-asset at T. Rowe Price Associates, and Bloomberg’s Michael McKee discuss the easing of U.S.-China tensions and what it means for trade. They speak on “Bloomberg Daybreak: Americas.”…
China praises positive steps in U.S. trade spat, says didn’t give in
“The ballast stone of Sino-U.S. ties are an equal and mutually beneficial trade and business relationship. Its essence is win-win cooperation,” it said. But China was not being forced to increase imports as a way…
Oil prices boosted by news China, U.S. put trade war ‘on hold’
SINGAPORE (Reuters) – Oil prices rose on Monday as markets reacted to news that China and the United States have put a looming trade war between the world’s two biggest economies “on hold”. Brent crude…
U.S. is putting new tariffs on hold while negotiating with China, Mnuchin says
“Among U.S. businesses there’s more consensus on getting tough with China in theory than in practice,” he said. “Corporate and agriculture lobbyists have been working overtime to protect their clients’ business. Nobody’s willing to ‘take…
U.S., China putting trade war on hold, Treasury’s Mnuchin says
China responded with its own measures targeting U.S. agriculture … Trump said last week he had directed Ross to put ZTE back in business, but Kudlow said any changes would be minimal. “If any of…
Trump beware — China lies and cheats on trade deals and will likely do so again
If China actually carries out its new commitment to cut its trade surplus with the U.S. significantly, that would be welcome news. But we’d be wise to wait and see if it translates its words…
