Tuesday 02:10 GMT Overview Stocks around Asia were on the back foot after Wall Street fell back from record highs while the dollar softened and oil prices struggled to extend gains. Hot topic China has popped back on to investor radars, with mainland stocks falling on Monday by the most in months in the wake of authorities ramping up efforts to crack down on risky equities investments. […]
MEXICO CITY China and Mexico pledged on Monday to deepen ties at a meeting between their top diplomats following last month’s U.S. presidential election victory of Donald Trump, who has tested Washington’s relationship with both countries. Before arriving in Mexico on Sunday, Chinese State Councillor Yang Jiechi met with members of Trump’s team in New York, including his pick for national security adviser, retired Army Lieutenant General […]
By Nick Carey and Ginger Gibson | CHICAGO/WASHINGTON CHICAGO/WASHINGTON U.S. President-elect Donald Trump’s challenges to China on trade and Taiwan are rattling American companies who have long benefited from stable relations between the two countries but now fear retaliation by Beijing if Trump were to act. Trump jarred Chinese officials on Sunday by saying the United States did not necessarily have to stick to its long-standing position […]
SHANGHAI China will appoint “river chiefs” to prevent pollution in the nation’s waterways, the official Xinhua news agency reported on Monday, in the latest step taken by Beijing to rein in environmental damage. With the evolution of China from an agricultural nation to an industrial one, toxic pollutants from factories have increasingly seeped into the environment, leading to health problems among the population. A detailed system for […]
WASHINGTON U.S. Senator John McCain said on Monday that he personally backs Washington’s decades-old “one China” policy and that no one should “leap to conclusions” that President-elect Donald Trump would abandon it. “I do not respond to every comment by the president-elect because it may be reversed the next day,” McCain told Reuters when asked about Trump’s statement over the weekend that the United States did not […]
Thousands of giant panda fans from around the world have chosen the names Ya Lun and Xi Lun for the new female twins at the Atlanta zoo, officials said on Monday. Ya means “elegant,” Xi means “happy,” and Lun refers to the fluffy black-and-white bears’ mother, Lun Lun. The names were announced on the 100th day after their Sept. 3 births, in line with Chinese tradition, Zoo […]
Crude oil surged to the highest in 17 months amid efforts to cut production, pushing up the outlook for global inflation and sending 10-year Treasury yields above 2.5 percent for the first time since October 2014. Chinese equities tumbled. Oil jumped more than 4 percent in New York and London after Saudi Arabia signaled it will cut output by more than previously agreed amid a weekend deal to […]
By J.R. Wu | TAIPEI TAIPEI U.S. President-elect Donald Trump’s declaration that the United States could link its policy on Taiwan to trade negotiations with China prompted concerns on the island that it may become a pawn in wider superpower discussions. “Trump’s comments regularly mention Taiwan. What advantage is this giving Taiwan? This is something we must consider,” Johnny Chiang, an opposition Nationalist lawmaker, told reporters. “Otherwise, […]
The Chinese government has warned Donald Trump that the two countries will have “nothing to discuss” if the US president-elect’s incoming administration decides to discard the four-decade old “One China” policy. “Adherence to the One China policy is the political bedrock for development of [bilateral] relations,” Geng Shuang, a foreign ministry spokesman, said on Monday. “If compromised, there will be nothing to discuss on co-operation in major fields.” […]
BEIJING China said on Monday that it was extremely concerned about U.S. President-elect Donald Trump’s comments that the United States did not necessarily have to stick to its long-standing position that Taiwan is part of “one China”. Foreign Ministry spokesman Geng Shuang told a regular news briefing that the “one China” policy is the basis for China-U.S. relations and urged the incoming U.S. administration to understand the […]
Nvidia, a company known for its graphics cards and processors, has taken another step into the self-driving car industry. The company has received approval from California’s Department of Motor Vehicles to test its self-driving technology in public roads, and it seems that Nvidia did not waste any time after being granted permission. Nvidia Receives California DMV Permit For Self-Driving Car Testing On the Testing of Autonomous Vehicles […]
Monday 02.15 GMT Overview Markets around Asia were mostly higher, buoyed by a surge in oil prices and following on from another set of records for Wall Street on Friday. Hot topic Ahead of the Federal Reserve’s policy meeting on Wednesday, government bond yields are hovering at their highest levels in months. Of note, the yield (which moves inversely to price) on the benchmark 10-year US Treasury […]
Photo: Bullit Marquez, AP FILE – In this Dec. 2, 2016, file photo, protesters burn a mock American flag during a protest against the planned joint US-Philippines military exercise in central Philippines in front of the U.S. Embassy in Manila, Philippines. The Philippines has again thumbed its nose at the U.S., its longtime defense ally, saying it won’t be used as a springboard for U.S. ships and […]
By Engen Tham and Adam Jourdan | SHANGHAI SHANGHAI Ma Yiqing, 24, is typical of China’s younger generation – he uses his credit card frequently and borrows from online platforms to fund his shopping habits. In a pinch, he is happy to fall back on a lender closer to home – his mum and dad. Interviews with Ma, a single-child, his mother and grandmother, show how rapidly […]
Boeing officials, already dismayed by Mr. Trump’s attack last week over the costs of a new Air Force One, acknowledged that the Iran jet deal still faced contingencies — a polite way of saying they were deeply worried about whether Mr. Trump and the Republican-led Congress would support it. Continue reading the main story Beyond that deal, Boeing and other companies that export jet engines, high-tech products […]
Mobile computing in 2016 was quite literally explosive, but when you look beyond the schadenfreude of watching Samsung mishandle its defining crisis of the year, the past 12 months have hardly set the world alight. The best example of the current state of affairs is the Google Pixel XL. Technically, this is the best Android phone on the market at the moment. Its 5.5-inch AMOLED screen is […]
By Caren Bohan | WASHINGTON WASHINGTON U.S. President-elect Donald Trump questioned whether the United States had to be bound by its long-standing position that Taiwan is part of “one China” and brushed aside Beijing’s concerns about his decision to accept a phone call from Taiwan’s president. “I fully understand the ‘one China’ policy, but I don’t know why we have to be bound by a ‘one China’ […]
President-elect Donald Trump on Sunday rejected as “ridiculous” a CIA report that Russia had intervened in the presidential election in order to help him win. Mr Trump called the intelligence assessment, which rocked Washington this weekend, “just another excuse” for Hillary Clinton’s surprise loss. “I don’t believe it,” he told Fox News. The interview aired shortly after a bipartisan Senate quartet called for a congressional investigation of […]
Dubai’s only listed crude shipper has announced plans for a major expansion of facilities in the northern Emirates including a new ship building and repair yard. Gulf Navigation said in a statement that it is starting studies for the expansion, known as the GNH Northern Project. The plan will include ship building, ship repair and offshore platforms, equipment and services, logistics, marine specialised operations and global mobile […]
Time to put Cortana on your iPhone or Android? Image: Microsoft Microsoft is finally making its Cortana virtual assistant available through Android and iOS apps in the UK. The Cortana iOS and Android apps launched in the US and China exactly one year ago, but the UK version features a new simplified look and feel for the apps. The idea of the app is to extend the […]
Donald Trump has picked Andrew Liveris, the chief executive of Dow Chemical, to lead his advisory council on manufacturing, giving him a connection to the new administration at a time when he is trying to secure approvals for a complex $130bn merger with DuPont. Mr Liveris previously served in a similar advisory role for President Barack Obama. At a rally in an arena in Michigan on Friday […]
Donald Trump has rejected the assessment of the US intelligence community that alleged hacking by Russia in the months before the election was aimed at helping the property mogul beat his rival Hillary Clinton. “These are the same people that said Saddam Hussein had weapons of mass destruction,” the Trump transition team said after the Washington Post reported that the CIA had concluded that Russia tried to […]
For a quick study in market blindness, look at how an obscure US fund reacts to events in a country where markets do not even exist. Nearly two years ago US president Barack Obama and Cuban president Raúl Castro jointly announced their intent to rejuvenate the diplomatic and commercial relationship between their two countries. Until that day, the Cuba closed-end fund had historically traded beneath its net […]
Photo President Recep Tayyip Erdogan of Turkey visiting the mausoleum of an Islamic scholar in Samarkand, Uzbekistan, last month. Credit Pool photo by Kayhan Ozer, via Associated Press ISTANBUL — Almost a century after the disintegration of the Ottoman Empire, Turkey’s president, Recep Tayyip Erdogan, and his supporters believe that they can restore the empire’s former glory. Stroll through the streets of any Turkish city and you […]
