Oil soars after Saudi facility attacks, weak China data hits shares

SYDNEY (Reuters) – Oil surged to four-month highs on Monday after weekend attacks on crude facilities in Saudi Arabia sparked supply fears, while shares in Asia extended losses as bleak economic data from China sapped investors’ risk appetite. FILE PHOTO – Passersby are reflected on a stock quotation board outside Continue Reading

Amid U.S. vaping crackdown, Juul enters China with online store openings

SHANGHAI (Reuters) – U.S. e-cigarettes maker Juul Labs Inc, which faces a widening crackdown on vaping at home, has entered China, with online storefronts on e-commerce sites owned by Alibaba Group and JD.com to tap the world’s largest market of smokers. FILE PHOTO: Juul brand vaping pens are seen for Continue Reading

China says U.S., China should make compromises in trade talks

BEIJING (Reuters) – China and the United States should be willing to make compromises in trade talks and not insist only on what each side wants, Chinese Vice Commerce Minister Wang Shouwen said on Monday. FILE PHOTO: Chinese Vice Commerce Minister and Deputy China International Trade Representative Wang Shouwen attends Continue Reading

Hard for Xi, Trump to make progress on trade: former China central bank chief

BEIJING (Reuters) – China’s President Xi Jinping and U.S. President Donald Trump are likely to find it “difficult” to make major progress toward ending their countries’ trade war when they meet at a G20 summit in Japan in June, a former top Chinese official said on Friday. Containers are seen Continue Reading

China says U.S. demand on its state-owned enterprises is ‘invasion’ on economic sovereignty

A U.S. dollar banknote featuring American founding father Benjamin Franklin and a China’s yuan banknote featuring late Chinese chairman Mao Zedong are seen among U.S. and Chinese flags in this illustration picture taken May 20, 2019. REUTERS/Jason Lee/Illustration BEIJING (Reuters) – The United States has called on China to curb Continue Reading

U.S. and China at impasse over trade, Kudlow says new tariffs will remain

WASHINGTON/BEIJING (Reuters) – The United States and China appeared at a deadlock over trade negotiations on Sunday as Washington demanded promises of concrete changes to Chinese law and Beijing said it would not swallow any “bitter fruit” that harmed its interests. U.S. President Donald Trump, U.S. Secretary of State Mike Continue Reading

DoubleLine’s Gundlach says new U.S. tariffs on China likely

FILE PHOTO: Jeffrey Gundlach, Chief Executive Officer, DoubleLine Capital LP., speaks at the Sohn Investment Conference in New York City, U.S. May 4, 2016. REUTERS/Brendan McDermid (Reuters) – Jeffrey Gundlach, chief executive officer at DoubleLine Capital, said on CNBC on Tuesday that he sees a better than 50% chance that Continue Reading

Morgan Stanley to become top shareholder in China funds venture with stake increase

A sign is displayed on the Morgan Stanley building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson SHANGHAI/HONG KONG (Reuters) – Morgan Stanley has won an auction to buy an additional 5.5 percent stake in its China mutual funds joint venture, in a deal that will make it the Continue Reading

China refuses to concede on U.S. demands to ease curbs on tech firms: FT

FILE PHOTO: Chinese staffers adjust U.S. and Chinese flags before the opening session of trade negotiations between U.S. and Chinese trade representatives at the Diaoyutai State Guesthouse in Beijing, Thursday, Feb. 14, 2019. Mark Schiefelbein/Pool via REUTERS (Reuters) – Ahead of fresh high-level trade talks this week, China is not Continue Reading