Tag: China

May 19, 2021

The cryptocurrency dropped by more than 20% to extend a sharp downturn over the past month. It dipped below $40,000 (£28,241) and hit its lowest level for more than three months on Wednesday afternoon, briefly even falling further to around […]

January 18, 2021

Stock markets got off to a slow start for the week despite news that the Chinese economy grew 2.3% in 2020 after a sharp contraction early in the year. Shares fell in London and Tokyo on Monday but advanced in […]

December 28, 2020

Alibaba (BABA) – Get Report had its price target cut by Baird analyst Colin Sebastian to $285 from $325 as China’s government investigates the internet titan on anti-trust grounds. The analyst maintained his outperform rating on the stock. Alibaba’s American […]

November 11, 2020

Chinese technology shares tumbled for a second day after Beijing clamped down on the internet industry, wiping out more than $200 billion of value. The Hang Seng Tech Index slumped 5.3% on Wednesday in Hong Kong, taking its two-day loss […]

November 4, 2020

The ongoing feud between China and Australia reached a new pitch this week with Chinese ports reportedly blocking a growing list of Australian imports worth some $4 billion. Last weekend, China’s customs agency banned imports of timber from Queensland, claiming […]

October 14, 2020

On Tuesday, data from China’s General Administration of Customs showed a surge in imports and exports in September, with 13.2% and 9.9% growth year on year, respectively. The strong uptick shows how Beijing is navigating the politics of a post-pandemic […]

September 17, 2020

Huawei sanctions. The Hong Kong Autonomy Act. The Holding Foreign Companies Accountable Act. A demand that TikTok’s U.S. operations be sold and the threat to ban WeChat. These are all regulations the U.S. has imposed on China this year. Despite […]

September 9, 2020

A survey of American businesses in China released on Wednesday found that a majority of U.S. companies in China don’t have plans to move manufacturing out of China and into the U.S., despite President Donald Trump’s recent remarks that doing […]

August 31, 2020

BEIJING — Global stocks were mixed Monday after Wall Street turned in its fifth straight weekly gain and China’s manufacturing growth held steady. Frankfurt and Tokyo advanced while London opened lower and Hong Kong declined. U.S. stocks benefited from Federal […]

August 11, 2020

U.S. sanctions on Hong Kong leader Carrie Lam raises uncertainty for international banks that were looking at a historic opening of the Chinese financial market. The U.S. Treasury announced Friday sanctions on the semi-autonomous region’s chief executive and 10 other […]

August 10, 2020

Oil futures traded higher Monday, getting a lift from optimistic remarks about demand from the chief executive of the world’s largest oil company and positive data out of China. West Texas Intermediate crude for September delivery CL.1, 1.29% CLU20, 1.29% […]

July 24, 2020

MITO, Japan — Worsening China-U.S. friction, worries over aid to Americans and U.S. businesses and a stumble on Wall Street combined to push world shares lower on Friday. Germany’s DAX fell 2.2% to 12,814.51, while the CAC 40 in Paris […]

July 9, 2020

You’ve heard about the trade war with China. There may be a separate, potential “financial war” brewing. The Securities and Exchange Commission wants you to know more about what is happening with Chinese companies that list in the United States. […]

June 30, 2020

TOKYO — World shares were mixed on Tuesday, with European benchmarks falling after a day of gains in Asia that carried over from a rally on Wall Street. Asian shares were buoyed by stronger than expected manufacturing data from China. […]

June 11, 2020

HONG KONG — China’s auto sales surged 14.5% in May, a second straight month of growth as the global industry’s biggest market gradually recovers from the coronavirus pandemic. The China Association of Automobile Manufacturers said Thursday that sales of passenger […]

May 22, 2020

BANGKOK — Shares slipped in Europe and Asia on Friday, led by a nearly 6% decline in Hong Kong after communist leaders in Beijing proposed legislation that could limit opposition activity in the former British colony. For now, flaring tensions […]

May 8, 2020

BEIJING — U.S. and Chinese trade negotiators promised to create “favorable conditions” for carrying out a truce in their governments’ tariff war during a phone call Friday, an official Chinese news agency reported. The call followed a threat by President […]

May 7, 2020

Crude oil futures climbed sharply on Thursday, at least partly supported by Saudi Arabia’s decision to lift prices to help stabilize values, while China’s appetite for the commodity picked up in April compared with prior months. Saudi Arabia, the most […]

April 3, 2020

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments on Friday related to the global economy, the work place and the spread of the virus. $4 TRILLION BILL FOR CRISIS? […]

March 27, 2020

U.S. stock-index futures on Friday were trading lower to end the week, after the Dow Jones Industrial Average and S&P 500 index booked their best three-day win streak since the 1930s on Thursday. However, investors are worried that there are […]