NEWSWORTHY
Trump to discuss trade war with Xi at Argentina G20 summit this month
U.S. President Donald Trump and Chinese President Xi Jinping will discuss trade on the sidelines of a Group of 20 summit in Argentina this month, a senior U.S. official said Tuesday. Top White House economic aide Larry Kudlow said the high-level efforts continue to resolve ...
Economic slump, trade war, spy claims cloud horizon for China's top airshow
Trade frictions with the United States and accusations of industrial espionage are set to cast a cloud over China's largest aerospace meeting this week, as suppliers consider what the country's slowing economy could mean for booming jet demand. The biennial Airshow China, to be held ...
U.S. accuses China, Taiwan firms with stealing secrets from chip giant Micron
U.S. Attorney General Jeff Sessions announced charges Thursday against Chinese and Taiwan companies for theft of an estimate $8.75 billion worth of trade secrets from U.S. semiconductor giant Micron. Sessions said the case was the latest in a series that are part of a state-backed ...
GM offers buyouts to cut costs despite strong quarter as Trump tariffs, China slide bite
General Motors Co. on Wednesday stepped up efforts to cut costs in response to tariff and market pressures, even as it reported third-quarter profit that blew past Wall Street expectations. The No. 1 U.S. automaker said on Wednesday it is offering buyouts to salaried employees ...
U.S. curbs exports to Chinese chip firm Fujian Jinhua as trade war intensifies
Opening a new front in its trade and technology disputes with China, the Trump administration on Monday took action to cut off a Chinese state-backed semiconductor maker from U.S. exports of components, software and technology goods. The Commerce Department said it has put Fujian Jinhua ...
U.S. manufacturers say tariffs are pushing prices higher: Fed
U.S. factories have raised their prices because of tariffs, although inflation has appeared modest or moderate in most parts of the country, the Federal Reserve said on Wednesday in its latest report on the economy. The U.S. central bank also said in its latest Beige ...
Stocks skid 200 points on Wall Street following steep drops overseas
U.S. stocks slumped broadly on Wall Street Tuesday, sending the Dow Jones Industrial Average down 200 points and extending the market's recent string of losses. The latest selling came as investors grew unsettled by slowing economic growth in China and the growing costs of President ...
China looks to historic foe Japan for lessons on handling Trump trade war
As China braces for the full impact of U.S. President Donald Trump's trade war, it's seeking to learn from Japan's economic battles with Washington during the Reagan years. Chinese officials, businesspeople and academics have been pressing their Japanese counterparts to share experiences from the 1980s, ...
U.S. Treasury chief Steve Mnuchin dismisses risk of contagion from China's economic slowdown
U.S. Treasury Secretary Steven Mnuchin dismissed concerns that China's weakest economic growth since the global financial crisis could spill into other emerging markets and destabilise U.S. financial markets. China is trying to navigate through multiple challenges after its trade war with the United States sparked ...
EU seen building ties with Asia in face of U.S. protectionism
European leaders sought to build support from Asia Thursday in defense of free trade and the fight against climate change, to counter the growing protectionism of President Donald Trump's America. The 28 EU states were joined at a summit in Brussels by more than 20 ...
Growth in China's robot market to slump this year amid trade war
Sales of industrial robots in China, the world's biggest market, will grow this year at only about a third the pace seen last year as an escalating Sino-U.S. trade war hits spending on equipment, a global robot group said on Thursday. In its annual report, ...
China pares U.S. Treasury holdings for third month in bid to keep yuan from falling
China's holdings of U.S. Treasuries fell for a third consecutive month in August as the Asian nation struggles to prevent the yuan from weakening amid trade tensions with America. China's ownership of U.S. bonds, bills and notes was $1.165 trillion, down from $1.171 trillion in ...
