Hong Kong-listed shares of Chinese tech giant Alibaba saw yet another stellar trading day following a blockbuster Tuesday listing in the city. Alibaba stock in Hong Kong rose 2.99% on Wednesday, adding to its first day gains of 6.6% on Tuesday. That puts the current stock price around 9.6% above the initial listing price of 176 Hong […] Read more
It works like a charm — every time the Trump administration touts positive development on trade with China, stocks spike. The Dow Jones Industrial Average surged more than 150 points to a new all-time high on Friday after White House economic advisor Larry Kudlow said the two countries were “getting close” to reaching a trade […] Read more
After years of negotiations, New Zealand and China have struck a deal on the long-awaited upgrade to their free trade deal. NZ and China at a bi-lateral at the East Asia Summit. Photo: RNZ / Jane Patterson It includes new rules to make exporting to China cheaper and easier, the highest level of commitment to […] Read more
It was a tale of two industrials. Wall Street got a flood of earnings reports Wednesday, including those of machinery giant Caterpillar and beleaguered airplane manufacturer Boeing. Shares of Caterpillar initially plunged while Boeing shares popped, but the two stocks ended the trading day on a less drastic note, up about 1% each. Experts see […] Read more
China talked up progress on trade with the US on Tuesday, highlighting bulk purchases of American farm products it had already made this year and saying that it was “on the same page” as Washington in negotiations. Asked if the two countries agreed on the degree of progress from two days of high-level talks in […] Read more
The United Kingdom’s sluggish economy looks to have dodged recession in the run-up to its deadline for leaving the European Union this month, official data showed on Thursday. Gross domestic product in the three months to August was 0.3 percent higher than in the previous three months, beating all forecasts in a poll of economists […] Read more
As manufacturing data from China, the United States and Europe weakened to record levels in September, economists argued that a downward trend could be expected to continue until at least the first quarter of 2020. Manufacturing activities across China, the US and Germany have been contracting continuously in the last few months amid uncertainty caused […] Read more
The US-China trade war will not end any time soon, because the cost to both sides is minimal and is roiling other economies more than anything else, a leading economist from Singapore’s Nanyang Technological University said on Thursday. Professor Tan Kong Yam, who is also the co-director of the Asia Competitiveness Institute research centre at […] Read more
China wants to draw a line between negotiations about trade and talks about other foreign affairs, the Wall Street Journal reported on Thursday. In order to streamline trade talks between Washington and Beijing, China is looking to weed out other topics of conversation that come up between the world’s two largest economies during negotiations, like […] Read more
The U.S. trade deficit narrowed less than expected in July as the trade war between the United States and China drags on. The Bureau of Economic Analysis (BEA) said Wednesday the U.S. international trade deficit came in at $54 billion for July. Economists polled by Dow Jones expected the deficit to narrow to $53.48 billion. […] Read more
