Business News Beijing

  • SHANGHAI, Feb 19- Shanghai stocks ended flat after briefly touching a near five-month high on Tuesday, as investors booked profits following a surge in the previous session. **Reports of progress in trade talks between the United States and China have prompted investors to be mildly optimistic that the two countries can reach a compromise by March 1 that will...

  • BEIJING, Feb 19- Shanghai aluminum prices fell on Tuesday, after Malaysia said it would not extend a moratorium on mining bauxite when it expires on March 31, potentially reducing costs in the aluminum supply chain for top producer China. "Not only is there a lack of fundamental support for the aluminum market, the cost support from bauxite may start to fade," Helen...

  • *Palladium hits fresh high of $1,475.5/ oz. A new round of talks between Beijing and the United States to resolve their trade spat will take place in Washington later in the day, with follow-up sessions at a higher level in the course of the week. "If there is progress in trade talks there will be increasing appetite for emerging-market currencies, and the U.S. dollar...

  • A girl plays a finger-guessing game with a robot during the United Nations World Geospatial Information Congress (UNWGIC) at the Deqing International Exhibition Centre on November 20, 2018 in Deqing County, Zhejiang Province of China.

    Investors are expecting Asian economies will see their fortunes improve in the next few months, boosting recent gains in regional markets including China, a J.P. Morgan Chase executive said on Tuesday.

  • TOKYO, Feb 19- Japanese shares ticked up to new two-month highs on Tuesday on hopes of a breakthrough in U.S.- China trade talks, though the gains were led by defensive shares as investors remained cautious on the global economic outlook. SoftBank Group shares dropped 3.3 percent, after the Wall Street Journal reported that its key investors, including Saudi...

  • A woman walks past the Baidu booth at the China International Technology Fair in Shanghai.

    Corporate venture capital groups participated in $52.95 billion worth of funding across 2,740 deals last year, according to a new report from CB Insights.

  • SHANGHAI, Feb 19- China's yuan eased against the U.S. dollar on Tuesday, dragged lower by rising corporate demand for the greenback, while investors anxiously await news on Sino-U.S. trade talks. A new round of talks between the United States and China to resolve their trade war will take place in Washington on Tuesday, with follow-up sessions at a higher level...

  • *Spot gold may test resistance at $1,331/ oz- technicals. A new round of talks between Beijing and the United States to resolve their trade spat will take place in Washington later in the day, with follow-up sessions at a higher level in the course of the week. "If there is progress in trade talks there will be increasing appetite for emerging-market currencies, and...

  • SHANGHAI, Feb 19- China and Hong Kong stocks rose further on Tuesday morning, aided by hopes that Sino-U.S. trade talks were making progress. **Reports of progress in trade talks between the United States and China have prompted investors to be mildly optimistic that the two countries can reach a compromise by March 1 that will de-escalate their dispute or at least...

  • WASHINGTON, Feb 18- A new round of talks between the United States and China to resolve their trade war will take place in Washington on Tuesday, with follow-up sessions at a higher level later in the week, the White House said on Monday. The talks are aimed at "achieving needed structural changes in China that affect trade between the United States and China.

  • Chinese Vice Premier and lead trade negotiator Liu He, right, reaches to shake hands with U.S. Trade Representative Robert Lighthizer before the opening session of trade negotiations at the Diaoyutai State Guesthouse in Beijing, Thursday, Feb. 14, 2019.

    Any trade deal between the U.S. and China will need an enforcement mechanism, an American business association official said on Tuesday.

  • SYDNEY, Feb 19- U.S. soybean futures edged higher on Tuesday as optimism grew about a trade deal between Washington and Beijing ahead of a visit to the U.S. capital by China's vice premier. *The most active soybean futures on the Chicago Board Of Trade were up 0.3 percent to $9.10-1/ 2 a bushel by 0129 GMT, having firmed 0.4 percent on Friday. *Chinese Vice Premier Liu He...

  • Spot prices for March delivery to Asia fell to $6.50 per million British thermal units this week, down 20 cents from the previous week to their lowest since Sept. 8, 2017, trade sources said. Demand in China remained tepid as many factories there were still shut for Lunar New Year celebrations, trade sources said. "It snowed in Beijing but it's not that cold still, plus...

  • WASHINGTON, Feb 18- A new round of talks between the United States and China to resolve their trade war will take place in Washington on Tuesday, with follow-up sessions at a higher level later in the week, the White House said on Monday. The talks are aimed at "achieving needed structural changes in China that affect trade between the United States and China.

  • *Beijing- Canberra tensions have risen recently. BEIJING/ MELBOURNE, Feb 19- Chinese coal traders have stopped ordering Australian coal as clearing times through China's customs have doubled to at least 40 days, according to major buyers in China and international coal merchants, resulting in a sharp fall in Australian prices. "We have stopped ordering coal from...

  • Jack Ma, businessman and founder of Alibaba, at the 40th Anniversary of Reform and Opening Up at The Great Hall Of The People on December 18, 2018 in Beijing, China.

    A Chinese government propaganda app that recently became a huge hit was developed by Alibaba, two people at the company told Reuters, at a time when the nation's tech firms are under global scrutiny over their ties to Beijing.

  • *Britain does not support full Huawei ban- sources. *FT reports Britain has decided it can mitigate risks. It's not that simple, "one of the sources told Reuters on Monday after a Financial Times report on Sunday said that Britain had decided it could mitigate the risks of using Huawei equipment in 5 G networks.

  • Feb 18- British security officials do not support a full ban of Huawei from national telecoms networks despite U.S. allegations that the Chinese firm and its products could be used by Beijing for spying, people with knowledge of the matter said on Monday. Huawei is already barred from bidding for government contracts in the United States, while Australia and New...

  • JOHANNESBURG, Feb 18- South Africa's rand weakened in late afternoon trade on Monday as investors awaited Wednesday's budget, when the finance minister is expected to unveil plans to shore up state-owned power utility Eskom. Stocks rallied, with the Johannesburg All-share index and Top-40 index touching 3-1/ 2- month and 4-1/ 2- month highs respectively, with...

  • *Britain does not support full Huawei ban- sources. *FT reports Britain has decided it can mitigate risks. It's not that simple, "one of the sources told Reuters on Monday after a Financial Times report on Sunday said that Britain had decided it could mitigate the risks of using Huawei equipment in 5 G networks.