Draft statement from summit in Italy stresses G7 not trying to harm China or thwart its economic development but aims ‘to level the playing field’.
Tagged By financials
China Offloads $53 Billion in US Treasuries in Unprecedented Move That Sends Strong Message to Biden
This action highlights China’s strategy to diversify its financial portfolio away from American assets amidst ongoing trade tensions between the two nations. In a related move, Belgium, often regarded …
China approves first ETFs tracking Saudi equities, fund managers say
China approved its first exchange-traded funds (ETFs) investing in Saudi Arabia equities on Friday, fund managers told Reuters, as Beijing expands ties with the Middle East amid rising tensions with …
Beijing state-owned fund to buy Credit Suisse China unit; Visa, Mastercard US antitrust settlement faces rejection
UBS is reportedly in advanced talks to sell Credit Suisse’s China securities unit to a Beijing state-owned fund, sidelining Ken Griffin’s Citadel Securities, which has also made a bid for the company.
Falling bond yields leave China’s central bank facing tough call
China’s central bank faces a looming test of its resolve to curb the financial stability risks it sees in a rallying bond market as it runs counter to its view of the economy by depicting…
Analysis-Falling bond yields leave China’s central bank facing tough call
China’s central bank faces a looming test of its resolve to curb the financial stability risks it sees in a rallying bond market as it runs counter to its view of the economy by depicting…
China set to hold key rate as margin pressure, weaker yuan hamper policy easing
China’s central bank is widely expected to leave a key policy rate unchanged when rolling over maturing medium-term loans next Monday, a Reuters survey showed. Worsening interest margins and a …
China Evergrande’s ex-CEO sells Hong Kong home at almost half of purchase price
China Evergrande’s former CEO, who Chinese regulators recently said was “uncontactable”, has sold his home in Hong Kong at a loss of HK$74 million ($9.48 million) from the purchase price, according to …
UBS Nears Sale of Credit Suisse China Unit to Beijing Fund
UBS Group AG has entered final negotiations with a Beijing-backed fund over the sale of Credit Suisse’s money-losing China venture after talks with Citadel Securities LLC stalled, according to people …
Yoox Net-a-porter’s China Joint Venture With Alibaba to End
Yoox Net-a-porter’s plan to exit China stems from a global strategy to focus investments and resources on core, and more profitable, geographies.
Climate dealmakers brace for China showdown over money at COP29 summit
Negotiators representing more than 190 countries convened in Bonn, Germany, this week for a meeting that typically sets the tone for the annual talks …
Analysis-Bound by rules and economics, EU trails U.S. on China tariffs
The European Union’s plan to hike tariffs on Chinese electric vehicles (EVs) reflects a firming of its stance towards Beijing, but falls short of a tougher U.S. position tending towards an outright …
Climate dealmakers brace for China showdown over money at COP29
With just five months to go before the COP29 climate summit, the biggest fights are set to be over how to channel trillions of dollars from developed nations to emerging markets—and how China fits …
