President Donald Trump's top trade negotiator praised a "phase one" U.S.- China trade deal which is expected to nearly double U.S. exports to China over the next two years, while China remained cautious ahead of the signing of the agreement. China has also pledged in the agreement to better protect U.S. intellectual property, to curb the coerced transfer of...
*FTSE 100, sterling move higher in tandem. LONDON, Dec 16- World stock markets rose on Monday, trading a notch below a record high hit last week on the back of a preliminary trade deal agreed between the United States and China. Trade Representative Robert Lighthizer said on Sunday a deal was "totally done", notwithstanding some needed revisions, and would nearly...
SHANGHAI, Dec 16- Hong Kong stocks ended lower on Monday, as lingering concerns about the anti-government protests in the Asian financial hub outweighed enthusiasm over an initial trade deal between Washington and Beijing. **Chinese Premier Li Keqiang met with Hong Kong leader Carrie Lam in Beijing on Monday, saying the Asian financial hub was not yet out of the "...
*Speculation of Hong Kong cabinet reshuffle. HONG KONG, Dec 16- Chinese Premier Li Keqiang met with Hong Kong leader Carrie Lam in Beijing on Monday, saying the Asian financial hub was not yet out of the "dilemma" facing the city's economy after months of sometimes violent protests. The meetings come after Hong Kong police fired tear gas in late night street clashes...
BEIJING, Dec 16- London copper prices rose on Monday after Washington said an initial deal to resolve the Sino-U.S. trade war was "totally done" but lingering skepticism capped gains. U.S. exports to China will almost double over the next two years, U.S. *TARIFFS: China has suspended additional tariffs on some U.S. goods that were meant to be implemented on Dec. 15, the...
WASHINGTON, Dec 15- The "phase one" U.S.- China trade deal will nearly double U.S. exports to China over the next two years and is "totally done" despite the need for translation and revisions to its text, U.S. China has also pledged in the agreement to better protect U.S. intellectual property, to curb the coerced transfer of American technology to Chinese firms, to open...
*Speculation of Hong Kong cabinet reshuffle. HONG KONG, Dec 16- Chinese Premier Li Keqiang met with Hong Kong leader Carrie Lam in Beijing on Monday, saying the Asian financial hub was not yet out of the "dilemma" facing the city's economy after months of sometimes violent protests. The meetings come after Hong Kong police fired tear gas in late night street clashes...
*Speculation of Hong Kong cabinet reshuffle. HONG KONG, Dec 16- Chinese Premier Li Keqiang met with Hong Kong leader Carrie Lam in Beijing on Monday, saying the Asian financial hub was not yet out of its "dilemma" with the city's economy facing an unprecedented and challenging situation. The meetings come after Hong Kong police fired tear gas in late night street...
SHANGHAI, Dec 16- A broad gauge of Asian share markets hit nearly eight-month highs on Monday after the United States and China agreed a preliminary trade deal, and amid policy-easing hopes in Australia, but profit-taking and caution over the deal's details capped gains. Positive sentiment helped push the MSCI's broadest index of Asia-Pacific shares outside...
BEIJING, Dec 16- China's new home prices grew at their weakest pace in nearly two years in November, with tightening policies continuing to cool the market even as some easing is expected to prevent a sharp slowdown. Average new home prices in China's 70 major cities rose 0.3% in November from the previous month, lower than growth reported in October and marking...
BEIJING, Dec 16- London copper prices rose in early Asian trade on Monday after U.S. *TARIFFS: China has suspended additional tariffs on some U.S. goods that were meant to be implemented on Dec. 15, the State Council's customs tariff commission said on Sunday. *CHINA: The National Bureau of Statistics will report China's aluminum and overall nonferrous production...
SHANGHAI/ BEIJING, Dec 14- A unit of ByteDance, the owner of video-sharing platform TikTok, has established a joint venture with a Chinese state media group, official registration documents showed. Under the latest deal, Beijing Liangzi Yuedong Technology Co Ltd, a wholly owned subsidiary of ByteDance, will own 49% of the new company, Pengpai Audiovisual...
SHANGHAI/ BEIJING, Dec 14- A unit of ByteDance, the owner of video-sharing platform TikTok, has established a joint venture with a Chinese state media group to work on software development, artificial intelligence and blockchain technology, official registration documents showed. Under the latest deal, Beijing Liangzi Yuedong Technology Co Ltd, a wholly owned...
NEW YORK, Dec 13- Global equity markets and oil prices rose on Friday after China and the United States agreed on an initial trade deal that rolls back some U.S. tariffs in exchange for China's increased purchase of farm goods, coming just ahead of a deadline for a new round of U.S. tariffs. Beijing has agreed to buy $32 billion in additional agricultural goods over...
*U.S. waiting for Beijing to sign off on proposal, source says. WASHINGTON/ BEIJING, Dec 13- Washington has set its terms for a trade deal with China, offering to suspend some tariffs on Chinese goods and cut others in exchange for Beijing's buying more American farm goods, U.S. sources said on Thursday. Beijing has yet to confirm whether it is on board with the proposal,...
*European shares 1.5% higher, pound can't hold back FTSE. LONDON, Dec 13- Stock markets and sterling gained on Friday as U.S.- China trade hopes and an election win for Britain's Brexit-backing Conservative Party cleared two of the clouds on the global investment horizon. The pound had climbed overnight to its highest since mid-2018 when exit polls and then a...
*European futures 1.4% higher, pound to temper FTSE gains. LONDON/ SYDNEY, Dec 13- Stocks rose and the pound gained on Friday as the prospect of a China-U.S. trade deal and an election victory for Britain's Brexit-backing Conservative Party cleared two of the darkest clouds on the global investment horizon. The pound reached its highest since mid-2018 as exit...
*Shanghai, Hong Kong indexes end at highest since Nov. 7. SHANGHAI, Dec 13- China's yuan rallied to a 4-1/ 2- month high against the U.S. dollar while mainland and Hong Kong stock markets soared on reports the United States and China had agreed to reduce existing tariffs and delay ones set to take effect this weekend. The United States has reached a "phase one" trade deal in...
*European futures 1.4% higher, pound to temper FTSE gains. LONDON/ SYDNEY, Dec 13- Shares already trading at record highs piled on the gains and the pound soared on Friday as a last-gasp Sino-U.S. trade deal and a thumping election win by Britain's Conservative Party cleared two of the darkest clouds on the global investment horizon. The pound hit its highest since...
SYDNEY, Dec 13- Asian shares scaled eight-month peaks on Friday as a last-gasp Sino-U.S. trade deal and a likely major election win by Britain's Conservative Party cleared a couple of dark clouds from the global horizon. The pound hit its highest since mid-2018 as the run of UK vote results ruled out a shock win by the left-wing Labour opposition, which had been a...
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