Of all the cases of economic espionage charged by the DOJ's National Security Division since 2012, more than 80% of them implicated China.World Politicsread more
"Whilst there is a big dispute at the moment, I think there's also potential for resolution," UBS chairman Axel Weber says of the U.S.-China trade negotiations.World Economyread more
Cryptocurrency fans will hope the futures contracts, which are federally regulated, can provide some much-needed legitimacy to bitcoin.Cryptocurrencyread more
Despite mixed fan and critic reactions to the final season of "Game of Thrones," the eight-season epic took home the top prize in the drama category at the Emmy Awards on...Entertainmentread more
There are alternative financial centers and investors can turn to Singapore, Tokyo or Shanghai if Hong Kong doesn't "shape up," says the founder and chairman of Citic Capital.Asia Economyread more
The Kingdom and oil and gas industry have been slow to shore up defenses, raising red flags about the possibility of longer term fall-out in the region.Technologyread more
Tensions between South Korea and Japan may ultimately disrupt the high-end tech sectors, says Heenam Choi, CEO at South Korea's sovereign wealth fund.Traderead more
On Sunday, the 71st Primetime Emmy Awards honored the best comedies, dramas, limited and variety series from the last year.Entertainmentread more
U.S. President Donald Trump's national security advisor said on Sunday that White House Asia policy adviser Matt Pottinger would become his top deputy.Politicsread more
Removing Neumann is a difficult decision for Son, who has long believed in WeWork and Neumann's vision to quickly expand the company.Technologyread more
Datadog went public on Thursday and instantly hit a $10 billion valuation, becoming the fourth cloud software debut to reach that level this year.Technologyread more
An escalating trade war between the world's two largest economies is negatively impacting the outlook for U.S. crude shipments, energy analysts have warned, amid fears that China could soon dramatically reduce its intake of American oil.
Trade tensions between Washington and Beijing prompted some external observers to warn the outlook for China-bound U.S. crude shipments was firmly skewed to the downside.
"Casting another dark cloud over the outlook for U.S. crude shipments is the ongoing U.S.-China trade impasse," Stephen Brennock, oil analyst at PVM Oil Associates, said in a research note.
It was around this time last year that China emerged as the biggest buyer of U.S. crude, Brennock said, but Chinese buyers were now seen as a "virtual shoo-in" to halt their intake of American oil.
He explained that while losing what was once your biggest customer could hardly be conducive to sustained growth, any drop-off in Chinese purchases might be offset by an increase in exports to other consumers.
"All things considered, the U.S. crude-export machine may struggle to maintain its record-breaking run," Brennock said.
At the start of August, President Donald Trump announced the White House would impose additional 10% tariffs on $300 billion worth of Chinese imports from September 1.
In response, China let its yuan weaken below the key 7-per-dollar level for the first time in more than a decade. Trump appeared to escalate tensions even further by declaring China as a currency manipulator.
The tit-for-tat dispute sent oil prices tumbling, with crude futures dropping to a seven-month low at one stage.
Oil prices have since pared some of their recent losses. International benchmark Brent crude traded at $59.08 Monday afternoon, up around 0.8%, while U.S. West Texas Intermediate (WTI) stood at $55.32, almost 0.9% higher.
Matthew Smith, director of commodity research at ClipperData, told CNBC via email that it was still "too early" to tell whether China's intake of U.S. crude imports had fallen away in recent weeks.
The last loading of U.S. crude to leave the Gulf of Mexico declaring for China left on August 6, Smith said, citing data sourced by ClipperData. He explained it was important to note that a lag of more than one week between loadings was "not unusual."
China, the world's largest oil buyer, was one of the leading destinations of U.S. crude throughout the first half of last year — in what had been a mutually beneficial energy relationship with the U.S., the world's biggest crude producer.
However, Beijing's U.S. crude imports plummeted almost immediately after the trade war talk started, with flows completely drying up at the turn of the year as the situation deteriorated.
It is not just crude flows that have been impacted as a result of the trade tensions, Smith said, highlighting that no liquefied natural gas (LNG) deliveries from the U.S. to China had been recorded since March.
In fact, when compared to other commodities — such as soybeans — U.S. crude flows to China actually "look healthy," Smith said.
Beijing announced it had stopped purchasing agricultural products from the U.S. earlier this month.
The U.S. and China have imposed tariffs on billions of dollars' worth of one another's goods since the start of 2018, battering financial markets and souring business and consumer sentiment.
Michal Meidan, director of the China Energy Programme at the Oxford Institute for Energy Studies, said in a research note earlier this month that China would probably impose charges on most, if not all, of its U.S. imports, including oil, if Trump pressed ahead with new tariffs at the start of September.
Meidan also warned that since the U.S. had already taken Chinese telecoms giant Huawei to task, it was no longer inconceivable it would consider targeting a Chinese oil and gas major.