By Lisa Baertlein LOS ANGELES (Reuters) – The China Shipowners’ Association opposes a U.S. proposal to slap hefty port entry fees on ocean cargo carriers that own or have ordered vessels from China, saying it violates international rules and U.S. laws, according to a statement seen by Reuters on Thursday. U.S. President Donald Trump’s administration…
Thee S&P 500 lost 2.7pc, to end at 5,614.99 points, while the Nasdaq Composite lost 4pc, to 17,470.21. The Dow Jones Industrial Average fell 2.1pc, closing at 41,911.09. The yields on US government bonds fell today as investors bought US debt after investors became less confidence in the stock market. Bond yields fall as bond…
Over the past month, through a flurry of phone calls and flattery, Canada and Mexico have twice successfully fended off U.S. President Donald Trump’s sweeping tariffs, at least earning temporary reprieves. Meanwhile, Chinese officials have taken a different tack. Like a seasoned boxer in the first round of a fight, rather than lunging in, China…
(Bloomberg) — The euro gained in early trading with Eastern European currencies as the region’s leaders scrambled to offer Ukraine their support amid concerns of a US pullback. Most Read from Bloomberg The common currency rose 0.4% against the dollar, outperforming major peers. The Polish zloty and Romanian leu also climbed. European equity futures pointed…
By Kane Wu and Julie Zhu HONG KONG (Reuters) – KKR & Co, Fountainvest Partners and PAG are among buyout firms interested in acquiring a stake in Starbucks’ China business, four sources said, as the U.S. coffee chain looks to revive flagging sales in its second-largest market. Chinese companies, including state-owned conglomerate China Resources Holdings…
By Jiaxing Li HONG KONG (Reuters) – Chinese tech stocks listed in Hong Kong advanced on Friday for their best weekly winning streak since 2020, as earnings surprises and optimism about the artificial intelligence sector drew global investors rotating funds into the sector. The Hang Seng Tech Index closed up 6.5%, its best single-day gain…
By Che Pan and Brenda Goh BEIJING/SHANGHAI (Reuters) – Some of China’s prominent business leaders, including the heads of carmakers BYD and Xiaomi, said they would resist external pressure and keep innovating, following a rare meeting between President Xi Jinping and the private sector. Xi on Monday met dozens of founders and heads of some…
(Bloomberg) — A potential encounter this week between President Xi Jinping and e-commerce icon Jack Ma, coming after a blistering run by tech shares, could be the next catalyst to extend the rally in China’s stocks. Most Read from Bloomberg Prominent entrepreneurs including Ma have been invited to meet the nation’s top leaders, people familiar…
(Bloomberg) — DeepSeek’s breakthrough in artificial intelligence is helping drive a rotation of stock funds back into China from India. Most Read from Bloomberg Hedge funds have been piling into Chinese equities at the fastest pace in months as bullishness on the DeepSeek-driven technology rally adds to hopes for more economic stimulus. In contrast, India…