Tag Archives: china

BUENOS AIRES (Reuters) – China and the United States agreed to halt additional tariffs in a deal that keeps their trade war from escalating as the two sides try again to bridge their differences with fresh talks aimed at reaching an agreement within 90 days. The White House said on Saturday that President Donald Trump […]

WASHINGTON (Reuters) – U.S. President Donald Trump said on Sunday that China had agreed to “reduce and remove” tariffs on U.S. cars below the 40 percent level that Beijing is currently charging on American-made vehicles. A day after he and Chinese President Xi Jinping called a 90-day cease-fire in their trade war to allow time […]

Increasingly convinced that the trade war with the United States is unlikely to end soon, Beijing is stepping up its charm offensive to reassure foreign politicians and business leaders of its commitment to global free trade by opening and reforming its domestic economy. And next week’s “Summer Davos” – or the World Economic Forum’s Twelfth […]

Profit growth for China’s industrial firms cooled for a third straight month in July in a further indication that demand in the world’s second-biggest economy is cooling even as U.S. trade pressure mounts. Industrial profits in July rose 16.2 percent from a year earlier to 515.12 billion yuan ($74.94 billion), slowing from a 20 percent […]

Daikin Industries, (6367.T) the world’s largest maker of air conditioning equipment, is turning to Africa for further expansion, 10 years after a successful gamble on sharing its key technology with a Chinese company. As Japanese manufacturers such as Panasonic stepped back from home appliances over a decade ago to avoid price wars with Asian rivals, […]

America’s corporate bosses could be excused if they don’t agree with President Donald Trump’s boasts that a trade war is “easy to win.” They can just reflect on the levers of pain China pulled against South Korean-owned businesses last year to imagine a state-nudged boycott against Starbucks or shutdown of Nike’s factories. China vows to […]

Apple Inc.’s pulled thousands of gambling apps from its Chinese store after the nation’s state-run broadcaster accused the smartphone maker of dragging its feet on cleaning up banned content. Government-controlled media including China Central Television attacked Apple this month for hosting illegal and fake lottery-ticket apps, which they said resulted in massive losses for hoodwinked users. On Sunday, […]

The People’s Bank of China is tackling a problem it rarely had to worry about until recently — persuading banks to lend the money they have. Thanks to the central bank turning on the liquidity taps, the cost for banks to borrow from one another is now lower than the cost to borrow from the PBOC, […]

China’s top newspaper rebutted growing criticism in government circles that Beijing should have taken a lower profile to head off its trade war with the United States, saying on Friday that, like an elephant, China cannot hide its size and strength. he growing trade conflict is causing rifts within China’s Communist Party, with some critics […]

The rupiah exchange rate was opened at the position of Rp14,432 per US dollar (US) in today’s spot market trading, Thursday (9/8). This position strengthened from the close on Wednesday (8/8) which was at the level of Rp14,439 per US dollar. In line with the rupiah, the majority of currencies in the Asian region also […]

  • 1
  • 2