SHANGHAI/SINGAPORE (Reuters) -More than a dozen major mutual fund companies in China cut fees in roughly 1,500 fund products on Monday as regulators started reforming fee practices in the $3.7 …
China
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By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. A clutch of key economic data releases showing whether China …
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Business News
China sets wide-ranging rules for $2.9 trln private investment funds
by Reutersby ReutersBEIJING (Reuters) – China published regulations on Sunday for the country’s $2.9 trillion private investment fund sector, seeking to better protect investors and promote innovation. The new rules, signed by …
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‘Shows Weakness’: Janet Yellen Fumbles Etiquette In China Visit
‘Shows Weakness’: Janet Yellen Fumbles Etiquette In China Visit Nick Pope on July 8, 2023 Treasury Secretary Janet Yellen made two diplomatic mistakes Saturday when greeting her counterpart from China, …
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‘Virtually Impossible’: Janet Yellen Says United States Not Seeking To ‘Decouple’ From China
‘Virtually Impossible’: Janet Yellen Says United States Not Seeking To ‘Decouple’ From China Harold Hutchison on July 7, 2023 Treasury Secretary Janet Yellen said Friday the United States was not …
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Mysterious Contracts With One Tech Firm Reveal The Pentagon’s Secret Deep-Sea Mission To Counter China
Mysterious Contracts With One Tech Firm Reveal The Pentagon’s Secret Deep-Sea Mission To Counter China Micaela Burrow on July 7, 2023 The U.S. military secretly laid a subsea internet cable …
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Blinken to press ASEAN to take tougher line on Myanmar, China – official
by Reutersby ReutersBy David Brunnstrom and Simon Lewis WASHINGTON (Reuters) – Washington hopes to rally Southeast Asian nations to take tougher action against Myanmar’s military junta and to push back on China’s …
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OSLO (Reuters) – Norway’s $1.4 trillion sovereign wealth fund has excluded Power Construction Corp of China from its portfolio and placed London-listed Petrofac under observation. The Norwegian wealth fund, set …
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BEIJING (Reuters) – China’s central bank on Friday announced a fine of 7.12 billion yuan ($984 million) for Ant Group. Reuters reported earlier on Friday that the People’s Bank of …
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Business News
Taiwan June exports slump the most in 14 years on weak China, US demand
by Reutersby ReutersBy Roger Tung and Faith Hung TAIPEI (Reuters) -Taiwan’s exports fell more than expected in June, slumping the most in almost 14 years, as the island struggled with persistent weakness …
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Tesla starts to lay off some workers at China factory – Bloomberg News
by Reutersby Reuters(Reuters) – Electric car maker Tesla Inc is laying off some battery production workers at its Shanghai plant, Bloomberg News reported on Friday, citing people familiar with the matter. It …
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US and World News
China aims to sap Taiwan morale with ‘escape plan’ misinformation – sources
by Reutersby ReutersBy Yimou Lee TAIPEI (Reuters) – China has launched a misinformation campaign that includes news reports Taiwan’s president has an “escape plan” in the event of a Chinese invasion, aiming …
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Goldman’s China banks downgrade based on ‘pessimistic assumptions’ -state media
by Reutersby ReutersBEIJING (Reuters) – Goldman Sachs’ downgrade of some major Chinese lenders to “Sell” ratings is based on “pessimistic assumptions,” state-backed Securities Times said in an editorial on Friday, as worries …
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By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian markets are set for a torrid end to the …
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The Biden Admin Is Sending One Of Its Biggest China Apologists To Negotiate With Beijing
The Biden Admin Is Sending One Of Its Biggest China Apologists To Negotiate With Beijing Jake Smith on July 6, 2023 U.S. presidential climate envoy John Kerry plans to visit …
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Pharma Giant Selling mRNA Drugs To China After Getting Billions In US Taxpayer Money
Pharma Giant Selling mRNA Drugs To China After Getting Billions In US Taxpayer Money Laurel Duggan on July 6, 2023 Moderna, an American pharmaceutical giant that developed mRNA technology with …
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DAN MCCARTHY: China Is Moving Into Our Backyard
DAN MCCARTHY: China Is Moving Into Our Backyard Daniel McCarthy on July 6, 2023 When Americans think about conflict with China, Taiwan comes to mind first. Yet there’s a front …
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Janet Yellen Lands In Beijing For Economic Talks Amid Simmering China Tensions
Janet Yellen Lands In Beijing For Economic Talks Amid Simmering China Tensions Jake Smith on July 6, 2023 Biden Administration Treasury Secretary Janet Yellen landed in Beijing on Thursday on …
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Goldman says West needs over $25 billion investments in rare earths to match China
by Reutersby Reuters(Reuters) – Goldman Sachs on Thursday said the West may need more than $25 billion in investments to match China’s supply of rare earths, as export curbs by Beijing on …
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BEIJING (Reuters) – China will take measures to support growth and employment, as well as to prevent risks, state media cited Premier Li Qiang as saying on Thursday. The country …
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A look at the day ahead in U.S. and global markets from Mike Dolan World markets have taken a hit from a deepening selloff in China as they await critical …
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Business News
Beijing’s curbs on niche metal exports threaten China supply glut
by Reutersby ReutersBEIJING (Reuters) – China faces a growing surplus of two strategic metals if Beijing restricts exports, industry players said, weighing on domestic prices even as overseas prices of the thinly …
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Business News
Marketmind: Fed hawks, China tensions keep markets under pressure
by Reutersby ReutersA look at the day ahead in European and global markets from Kevin Buckland U.S. policymakers are stealing the spotlight in the markets today, after the Fed cemented its hawkish …
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By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. U.S. Treasury Secretary Janet Yellen touches down in Beijing on …
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China Sticks Key US Ally With Massive Bill For An Obsolete Power Plant
China Sticks Key US Ally With Massive Bill For An Obsolete Power Plant John Hugh DeMastri on July 5, 2023 Jordan, a key U.S. ally in the Middle East in …