Business News Beijing

  • Jan 16- U.S. stock futures pointed to higher open on Wednesday, lifted by strong quarterly results from Bank of America and Goldman Sachs. The confidence motion, called by opposition Labour Party leader Jeremy Corbyn after lawmakers rejected May's Brexit deal by 432-202, will be held at 1900 GMT, or 2:00 p.m. ET. Trade Representative Robert Lighthizer assured...

  • LONDON, Jan 16- Nickel touched a 10- week high on Wednesday as falling stockpiles and a sharp tightening of time spreads suggested an undersupplied market. Benchmark nickel on the London Metal Exchange was down 0.2 percent at $11,650 a tonne at 1146 GMT after reaching $11,770, its highest level since Nov. 8. It has been caught up in a broader slide in industrial...

  • Larry Fink, chairman and CEO of BlackRock.

    The deal would need to be substantial enough to reduce tension, Larry Fink says, and include both sides calling off tariffs on each others goods.

  • BEIJING, Jan 16- China's overseas investment rose only marginally in 2018 as the yuan weakened and regulators cracked down on deals that were suspected to be skirting controls on moving money out of the country. China's non-financial outbound direct investment in 2018 rose 0.3 percent from a year earlier to $120.5 billion, the Ministry of Commerce said on...

  • *OPEC- led supply cuts support crude prices. *Surging U.S. stocks may undermine OPEC efforts. LONDON, Jan 16- Oil prices steadied on Wednesday after climbing about 3 percent in the previous session on expectations that OPEC- led production cuts will tighten supply and that possible Chinese stimulus might help the global economy.

  • BEIJING, Jan 16- China said on Wednesday that it was "not worried in the slightest" by mounting international concern over the death sentence handed to a Canadian for drug smuggling. Monday's sentence for Robert Schellenberg for smuggling 222 kg of methamphetamines prompted Canadian Prime Minister Justin Trudeau to accuse China of "arbitrarily" applying the...

  • *China c.bank injects net $83 bln through open-market operations. SHANGHAI, Jan 16- China's central bank injected a record $83 billion into the country's financial system on Wednesday, seeking to avoid a cash crunch that would put further pressure on the weakening economy. China's policymakers are pledging to step up stimulus measures this year and do more to...

  • U.S. President Donald Trump (2-R)  walks with Kim Yong Chol, former North Korean military intelligence chief and one of leader Kim Jong Un's closest aides, on the South Lawn of the White House on June 1, 2018 in Washington, DC.

    Three North Korean officials, including the top envoy involved in talks with the United States, are booked on a flight to Washington, Yonhap news agency reported on Wednesday, suggesting a possible breakthrough in denuclearization talks.

  • BEIJING, Jan 16- London copper prices advanced for a second straight session on Wednesday, as a weaker dollar made the base metal cheaper for holders of other currencies, and indications of more stimulus from top consumer China buoyed investor sentiment. China copper import premiums have risen to $73 a tonne from an 18- month low of $62.50 in early December,...

  • U.S. Trade Representative Robert Lighthizer speaks during a meeting on trade held by U.S. President Donald Trump with governors and members of Congress at the White House on April 12, 2018 in Washington, DC.

    U.S. Trade Representative Robert Lighthizer has assured lawmakers that companies will be able to request exclusions on tariffs on $200 billion worth of goods under discussion with Beijing if talks do not yield a deal by the March 2 deadline.

  • *Japan allocation back to flat- BoFA Merrill's survey. TOKYO, Jan 16- Japanese shares retreated from a four-week high on Wednesday as investors took profits on firms exposed to China's economy a day after they enjoyed a boost from Chinese stimulus hopes. "The market has rebounded from its low last month as investors look to positive catalysts, such as developments...

  • SYDNEY, Jan 16- U.S. soybean futures rose 0.5 percent on Wednesday, rebounding from a two-week low in the previous session, although gains were checked amid concerns over a prolonged trade war between Washington and Beijing. The most active soybean futures on the Chicago Board Of Trade rose 0.5 percent to $8.97-1/ 4 a bushel by 0431 GMT, having closed down 1.1...

  • SHANGHAI, Jan 16- China's main stock indexes edged lower on Wednesday amid ongoing uncertainty about growth outlook, but resilient home prices and government efforts to boost the economy kept declines in check. **China's blue-chip CSI300 index fell 0.09 percent, with its financial sector sub-index lower by 0.06 percent and the healthcare sub-index up 1.04...

  • *Move comes as China signals more stimulus ahead. SHANGHAI, Jan 16- China's central bank on Wednesday made its biggest daily net cash injection via reverse repo operations on record, more evidence that authorities are shifting to policy easing to counter a slowdown in the world's second largest economy. In open market operations, the People's Bank of China...

  • *Cosmetic firms, other China- related shares hit hardest. TOKYO, Jan 16- Japanese shares slid on Wednesday as investors took money off the table after a three-week rally, led by heavy losses for companies with exposure to China's economy a day after they enjoyed a boost from Chinese stimulus hopes. Despite small gains on Wall Street the previous day, the Nikkei share...

  • Trade Representative Robert Lighthizer has assured lawmakers that companies will be able to request exclusions on tariffs on $200 billion worth of goods under discussion with Beijing if talks do not yield a deal by the March 2 deadline. The Trump administration was scheduled to increase the most recent tariffs to 25 percent but delayed it until March 2 to...

  • *U.S. officials see no progress on key China trade issues. CHICAGO, Jan 15- U.S. soybean futures fell for the third time in four sessions on Tuesday on worries that the United States and China remain far apart in resolving a bitter trade fight that has slashed U.S. soy imports by the world's top buyer. Although China has booked about 5 million tonnes of U.S. soybean...

  • WASHINGTON, Jan 15- United States Trade Representative Robert Lighthizer did not see any progress made on structural issues during trade talks with China last week, Republican U.S. Grassley, who held a meeting with Lighthizer on Friday, said the top trade negotiator commented very positively on China's soybean purchases, which resumed in modest amounts last...

  • *FTSE 100 up 0.6 pct; FTSE 250 up 0.1 pct. Jan 15- Britain's FTSE 100 rose on Tuesday on hopes Beijing will take steps to stabilize a slowing economy, while mid-caps edged up in choppy trade as investors remained cautious ahead of a crunch vote on British Prime Minister Theresa May's Brexit plan. The FTSE 100 closed up 0.6 percent, while the more domestically-exposed...

  • WASHINGTON, Jan 15- United States Trade Representative Robert Lighthizer did not see any progress made on structural issues during trade talks with China last week, Republican U.S. In his weekly conference call with reporters, Grassley said Lighthizer commented very positively in the Friday meeting on China's soybean purchases, which resumed in modest...