Business News Beijing

  • SHANGHAI, Oct 17- French luxury brand Christian Dior apologized on Thursday and said it supported China's territorial sovereignty after it was criticized for using a map of China that excluded Taiwan in a presentation. "Dior always respects and upholds the one China principle, strictly safeguards China's sovereignty and territorial integrity, and...

  • A view of Singapore urban and its mass rapid train, to transport the people of Singapore back home efficiently and safely.

    Three of Asia's biggest business hubs have emerged as the world's most environmentally-friendly commuter cities in a new study by data insights company Kantar.

  • HONG KONG, Oct 17- Rights group Amnesty International has urged Hong Kong authorities to urgently investigate a bloody attack on the leader of one of the biggest pro-democracy groups in the Chinese-ruled city, ahead of a march planned for the weekend. It was the second such attack on Jimmy Sham, head of the Civil Human Rights Front, since protests escalated in the...

  • *Pound on edge ahead of EU summit in Brussels. HONG KONG, Oct 17- The dollar found support on Thursday having weakened on lackluster U.S. retail data, while the volatile pound was on edge as Britain and the European Union scrambled to secure a last-minute Brexit deal. Sterling swung about a five-month high overnight, knocked around by a series of mixed headlines on...

  • WASHINGTON, Oct 16- U.S. authorities said on Wednesday it has obtained an asset freeze against 18 traders, who are primarily China- based, over an international market manipulation scheme that has reaped more than $31 million in illicit profits over several years. In one instance, traders named Xiaosong Wang and Shun Sui allegedly earned about $6,233 in illegal...

  • WASHINGTON, Oct 16- U.S. and Chinese trade negotiators still have work to do on a "phase one" trade agreement ahead of a targeted signing by U.S. Mnuchin told reporters there had been no invitation from China for U.S. officials to travel to Beijing for more talks about the agreement, but he and U.S. He also said the Trump administration has made no decision on how to...

  • inflation data@ Oct 16- The Brazilian real bounced off two-week lows on Thursday and the Mexican peso rose against the dollar on weak U.S. data, but Latin American markets were range-bound with fresh strains in U.S.- China trade talks. The U.S. House of Representatives on Tuesday passed four pieces of legislation taking a hard line on China, with three related to...

  • Oct 16- CSX Corp reported a quarterly profit that topped Wall Street estimates on Wednesday, as cost cuts helped the U.S. railroad offset lower volumes of shipment in its coal and intermodal units, sending shares up about 2%. Costs fell 8% to $1.69 billion in the third quarter ended Sept. 30, driven partly by lower fuel prices. Net income fell 4.3% to $856 million, or...

  • NEW YORK, Oct 16- Wall Street lost ground on Wednesday as weak U.S. economic data and simmering geopolitical tensions spooked buyers away from the equities market, despite a string of generally positive third-quarter earnings reports. Technology shares, led by Microsoft Inc, weighed heaviest, pulling all three major U.S. stock averages into the red.

  • NEW YORK, Oct 16- The U.S. dollar fell across the board on Wednesday as dismal U.S. retail sales data painted a gloomy picture of the economy and supported the case for further interest rate cuts by the Federal Reserve. "The U.S. economy is indeed revealing further weaknesses, justifying another rate cut by the Fed," said Marc-André Fongern, a strategist at MAF Global...

  • The downbeat report from the Commerce Department on Wednesday came on the heels of data this month showing a moderation in job growth and services sector activity in September. The economy is being hamstrung by a 15- month trade war between the United States and China, which has soured business sentiment, leading to a decline in capital expenditure and a...

  • NEW YORK, Oct 16- The benchmark S&P 500 stock index edged lower on Wednesday as weak U.S. economic data and simmering geopolitical tensions spooked buyers away from the equities market, despite a string of generally positive third-quarter corporate earnings reports. Technology shares, led by Microsoft Inc, weighed on all three major U.S. stock averages, pulling...

  • WASHINGTON, Oct 16- Trade tensions between the United States and China- the world's two largest economies- are a significant source of risk for the global economy, with "real spillover effects" for emerging markets, top IMF officials said on Wednesday. Tobias Adrian, director of the monetary and capital markets department of the International Monetary Fund, told...

  • The downbeat report from the Commerce Department on Wednesday came on the heels of data this month showing a moderation in job growth and services sector activity in September. The economy is being hamstrung by a 15- month trade war between the United States and China, which has soured business sentiment, leading to a decline in capital expenditure and a...

  • Oct 16- Gold rose on Wednesday on concerns that Washington's stance on Hong Kong could hamper trade negotiations between the United States and China and as investors awaited a key Brexit summit, but bullion's gains were dwarfed by deficit-hit palladium as it smashed new records. In a move that soured ties between the United States and China on Tuesday, the U.S....

  • President Donald Trump on Wednesday said he likely would not sign any trade deal with China until he meets with Chinese President Xi Jinping at the upcoming APEC Forum in Chile. Trump, Xi and other heads of state are expected to participate in the Asia-Pacific Economic Cooperation Forum being held in Santiago from Nov. 11 to Nov. 17. China wants more talks as soon as...

  • HONG KONG, Oct 16- Hong Kong leader Carrie Lam had to abandon her policy speech because of jeering lawmakers on Wednesday but later offered no direct olive branch to pro-democracy protesters, hoping instead to ease resentment by building more public housing. Lam, who had to broadcast the annual address via a video link after the rowdy scenes in the Legislative...

  • WASHINGTON, Oct 16- Trade tensions between the United States and China- the world's two largest economies- are a significant source of risk for the global economy, with "real spillover effects" for emerging markets, top IMF officials said on Wednesday. Tobias Adrian, director of the monetary and capital markets department of the International Monetary Fund, told...

  • Investment management clients have turned cautious in the wake on the trade wars between Beijing and Washington that have rattled financial markets and throttled global economic growth. The bank, which gets bulk of its revenue from managing money of clients such as big banks and hedge funds, said net interest revenue fell 18% to $730 million, hurt in part by a...

  • HONG KONG, Oct 16- Nine major banks in Hong Kong have agreed to adopt a number of measures to support small and medium enterprises in Hong Kong, the central bank said on Wednesday, as four months of anti-government protests start taking its toll on local businesses. Hong Kong, which has been rocked by often huge and violent protests against what is seen as Beijing's...