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Thursday, July 2, 2020

Chinese leaders promise tax cuts to boost flagging economic growth:CNBC

China’s economy slowed to 6.5 percent year-on-year growth in the third quarter of 2018. Trade skirmishes with the United States are threatening to choke the world’s second-largest economy. The Shanghai composite and main Shenzhen...

China Yuan to Crack 7 Per Dollar in Six Months on Weak Growth Outlook

By Vivek Mishra BENGALURU (Reuters) - China's yuan will breach the 7 per dollar rate within the next six months, according to about 60 percent of FX strategists polled by Reuters, who also said authorities would continue to exert control over the currency in 2019. Having...

China’s Iran Oil Imports to Rebound in December as Buyers Use U.S. Waivers

By Chen Aizhu and Florence Tan BEIJING/SINGAPORE (Reuters) - China's Iranian oil imports are set to rebound in December after two state-owned refiners in the world's largest oil importer began using the nation's waiver from U.S. sanctions on Iran, according to industry sources and data...

China confident it can clinch U.S. trade pact, Trump demands ‘real deal’

John Ruwitch SHANGHAI (Reuters) - China expressed confidence on Wednesday that it can reach a trade deal with the United States, despite fresh warnings from President Donald Trump that he would revert to more tariffs if the two sides cannot resolve their differences. The remarks...

BREAKING: Kim, Pompeo agree to second US-North Korea summit

North Korean leader Kim Jong Un has agreed to hold a second summit with US President Donald Trump as soon as possible, Seoul said on Sunday. US Secretary of State Mike Pompeo said “he agreed with Chairman Kim to hold the second US-North Korea summit...

HIV/Aids: China reports 14% rise in new cases

The vast majority of new cases in China were transmitted through sexual activity. China has announced a 14% jump in the number of its citizens who are living with HIV and Aids. More than 820,000 people are affected in the country, health officials say. About 40,000...

China says U.S. trying to force it to submit on trade as new tariffs kick in

Se Young Lee, Min Zhang BEIJING (Reuters) - The United States and China imposed fresh tariffs on each other’s goods on Monday as the world’s biggest economies showed no signs of backing down from an increasingly bitter trade dispute that is expected to knock global...

Emirates Seeks Etihad Takeover to Create World’s Largest Airline

Layan Odeh, Dinesh Nair, Benjamin Katz (Bloomberg) -- Dubai’s flagship airline Emirates is looking at taking over unprofitable neighbor Etihad, according to four people familiar with the matter, in a move that would create the world’s biggest carrier by passenger traffic. The talks, which are at...

China Cancels Trade Talks With U.S and Won’t Send Delegation to Washington: WSJ

(Bloomberg) -- China canceled trade talks with the U.S. and will no longer send Vice-Premier Liu He to Washington next week, the Wall Street Journal reported, citing unidentified people briefed on the matter. A mid-level delegation from China had been due to travel to the...

China’s Xi offers another $60 bln to Africa, but says no to “vanity” projects

BEIJING (Reuters) - Chinese President Xi Jinping offered another $60 billion in financing for Africa on Monday and said Chinese companies will be encouraged to invest no less than $10 billion over the next three years, but he also warned against “vanity projects”. Speaking...
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