Hong Kong finance secretary warns of looming 'economic typhoon'

Business Aug 19, 2019

Hong Kong finance secretary warns of looming 'economic typhoon'

Protest-battered Hong Kong should also brace itself for an "economic typhoon" caused by the U.S.-China trade war and recent political unrest in the city, Financial Secretary Paul Chan wrote in a blog post Sunday. The warning from the city's top budget official came after Hong ...

Japan regains status as top foreign holder of U.S. Treasurys

Business Aug 16, 2019

Japan regains status as top foreign holder of U.S. Treasurys

Japan surpassed China in June as the top holder of U.S. Treasurys after raising its holdings to a nearly three-year high, as the trade war between the world's two largest economies intensified. Holdings of U.S. bonds, bills and notes were increased by $21.9 billion to ...

Trump bows to economic fears in move to delay China tariffs

Business Aug 14, 2019

Trump bows to economic fears in move to delay China tariffs

U.S. President Donald Trump bowed to pressure from American businesses and concerns over the economic fallout of his trade war with China, delaying the imposition of new tariffs on a wide variety of consumer products including toys and laptops until December. Tuesday's move to at ...

U.S. holds off on Huawei licenses as China halts farm purchases

Business Aug 9, 2019

U.S. holds off on Huawei licenses as China halts farm purchases

The White House is holding off on a decision about licenses for U.S. companies to restart business with Huawei Technologies Co. after Beijing said it was halting purchases of U.S. farming goods, according to people familiar with the matter. Commerce Secretary Wilbur Ross, whose department ...