China

Wall Street scuffles as worsening pandemic slows its rally

US stocks climb amid signs of a thaw in US-China trade war

9:28 pm August 26, 2019

New York: Stocks marched broadly higher on Wall Street in early trading Monday after President Donald Trump claimed China was willing to reopen talks on the costly trade war that has roiled markets and dimmed the outlook for global economic growth. Uncertainty remained high, however, about the next developments in the trade dispute, which has […]

Hong Kong police watchdog unequipped to probe protest response: Experts

Hong Kong protests force companies to choose: Their employees or China

3:04 pm August 26, 2019

Hong Kong: On the eve of an anti government protest by accountants in Hong Kong, a Price water house Coopers executive warned his staff not to do anything that could put the firm in a bad light. “It is important we do not misrepresent or compromise the firm through individual actions,” Raymund Chao, PwC’s chairman […]

Xi said Sino-US relations were at a "critical juncture", CCTV said, adding that cooperation was mutually beneficial and "the only right choice." "I hope that the US will take substantive actions to improve Sino-US relations, and both sides can work together to strengthen cooperation in fighting the epidemic," he said. Some provinces, cities and companies in China have provided medical supplies and support to the US as well, Xi added.

Equities, yuan plunge as Trump escalates trade war with China

2:16 pm August 26, 2019

Hong Kong: Asian equity markets tanked and the yuan hit an 11-year low Monday after Donald Trump ramped up his trade war with China by imposing more tariffs on more than half-a-trillion dollars worth of imports. The decision on Friday stunned investors, who ran for the hills, hammering European and Wall Street stocks, while safe […]

Hong Kong police say violent protesters forced use of water cannon, warning shot

10:30 am August 26, 2019

Hong Kong: Hong Kong police on Monday said they were forced to fire water cannon and a warning shot to fend off “extremely violent” demonstrators, as months of pro-democracy protests veer deeper into violence. Sunday’s clashes in the suburb of Tsuen Wan were some of the worst in twelve weeks of political unrest tremoring through […]

Will Trump's mishandling of records leave a hole in history?

White House says Trump regrets not raising tariffs higher

9:20 pm August 25, 2019

Biarritz (France): President Donald Trump’s only regret in hiking tariffs on China is that he didn’t raise them higher, his press secretary said Sunday after the president had earlier signaled some remorse for an escalating trade war with China. Trump faced a tense reception from world leaders meeting amid mounting anxiety of a global economic […]