"The Champagne should probably be kept on ice, at least until the two presidents put pen to paper," said state-owned media China Daily.Traderead more
U.S. stock index futures turned lower after China said it needed to have further discussions before it would sign off on the so-called phase one trade deal President Trump...US Marketsread more
Analysts say the partial U.S.-China trade deal doesn't touch on thorny issues plaguing both sides, and warn talks could break down again.World Economyread more
U.S. stock futures turn lower after word that China wants more talks before signing the "phase one" trade deal.Marketsread more
Economists polled by Reuters had expected Chinese exports denominated in the U.S. dollar to fall by 3% and imports to decline by 5.2% in September, compared to a year ago.China Economyread more
Economists Abhijit Banerjee, Esther Duflo and Michael Kremer won the 2019 Nobel Economics Prize for their work in fighting global poverty, the Royal Swedish Academy of...World Newsread more
Boeing's board removed CEO Dennis Muilenburg as chairman amid the fall out of two 737 Max crashes that killed 346 people.Aerospace & Defenseread more
The U.K. and EU are gearing up for what could be the busiest week in British politics since June 2016.Europe Politicsread more
The U.S. had plans to hike duties on at least $250 billion in Chinese goods to 30% from 25% on Tuesday. Despite the partial trade deal, some banks on Sunday wrote that tariff...Marketsread more
"It seems like what the two leaders have done is try to set some of the thorny political issues to the side," said Dhruva Jaishankar, director of the U.S. Initiative at the...Asia Politicsread more
Beijing will be opening up its financial industry to foreign ownership from January, namely in the areas of futures, mutual funds and securities.China Economyread more
China's exports surged 48.3 percent on year in February, sharply above analysts' forecasts, potentially signaling stronger economic growth for its trade partners.
Imports fell 20.5 percent for the period, according to data from China's customs department. A Reuters poll had forecast exports would rise 14.2 percent and imports would fall 10 percent.
For January and February combined -- a common metric to help smoothe distortions from the Lunar New Year holiday period -- exports rose 15 percent from a year earlier, while imports declined 20.2 percent.
"The demand from the advanced economies bodes well," ANZ said in a note Sunday, citing data showing shipments to the U.S. and European Union rose 40.3 percent and 36.6 percent on-year respectively.
But the bank noted that the jump in exports could be due to a base effect. "The February 2014 figures were extremely low as Chinese authorities cracked down the round-tripping trade flows," it said. "We still see strong headwinds facing China's exports this year," ANZ said, citing weak export order PMI data.
ANZ attributed the decline in imports to weak commodity demand compounded by sharp drops in commodity prices, citing as an example the 45.4 percent on year drop in the value of iron-ore imports, although the iron-ore import volume only fell 0.9 percent.
As well, "Chinese commercial banks have significantly tightened the trade financing facilities for commodity traders," ANZ said.
This story is developing. Please check back for further updates.