Raimondo: crucial US, China have stable economic relationship
(Reuters) – U.S. Commerce Secretary Gina Raimondo opened talks with Chinese government officials on Monday, saying it is “profoundly important”…
BYD unit buys US firm Jabil’s smartphones manufacturing business in China for $2.2 billion
(Reuters) – Chinese automaker BYD (SZ:002594) said on Monday its electronics unit has struck a deal with U.S.-based manufacturer Jabil…
Asia shares rally as China offers markets a hand
(Reuters) – Asian shares rallied on Monday as China announced new measures to support its ailing markets, though the mood…
Evergrande loses $2 billion in value as trade resumes; extends creditor voting
(Reuters) – China Evergrande Group lost as much as $2 billion, or 80% of its market value, on Monday after…
China’s Country Garden says $100 billion Malaysia project on track
(Reuters) – Embattled Chinese developer Country Garden said on Monday its $100-billion project in Malaysia was proceeding as planned and…
European shares rise as fresh Chinese measures lift mood, tech stocks rally
(Reuters) – European shares advanced at the open on Monday, with technology stocks leading gains following an upbeat close on…
3M settles US anti-bribery law charges in China unit, SEC says
(Reuters) – 3M Co has agreed to pay more than $6.5 million to resolve U.S. charges of Foreign Corrupt Practices…
Biden administration unveils new crypto tax reporting rules
(Reuters) – Cryptocurrency brokers, including exchanges and payment processors, would have to report new information on users’ sales and exchanges…
Fed’s Powell: Not yet clear rates are high enough to control inflation
(Reuters) – The U.S. Federal Reserve may need to raise interest rates further to ensure inflation is contained Fed Chair…
Crude oil gains ahead of Powell’s Jackson Hole speech
Oil prices rose Thursday, rebounding to a degree from weakness during the week, ahead of an eagerly awaited speech by…