China

BUENOS AIRES, Argentina | Mnuchin: Overall US economy not harmed by trade battles

BUENOS AIRES, Argentina  — U.S. Treasury Secretary Steven Mnuchin said Saturday that the overall U.S. economy has not been harmed by the trade battles set off by President Donald Trump’s get-tough policies although some individual sectors have been hurt. He said the administration was exploring ways to help farmers and other specific industries that have … Continue reading BUENOS AIRES, Argentina | Mnuchin: Overall US economy not harmed by trade battles

NEW YORK | Stocks end slightly lower as traders shrug off trade talk

NEW YORK  — U.S. stocks inched lower Friday as bond yields jumped, a shift that helped banks but hurt companies that pay big dividends. The dollar fell after President Donald Trump said China is manipulating its currency. Companies including Microsoft and Honeywell rose as investors were pleased with their quarterly reports, but General Electric stumbled. … Continue reading NEW YORK | Stocks end slightly lower as traders shrug off trade talk

BEIJING  | China’s yuan falls against dollar, helping exporters

BEIJING  — China’s central bank is allowing its tightly controlled currency to drift lower against the dollar, a move that could help Chinese exporters cope with U.S. tariff hikes but also might reignite an outflow of capital Beijing spent months trying to stanch. On Friday, the yuan dipped to a 12-month low of 6.8 to … Continue reading BEIJING  | China’s yuan falls against dollar, helping exporters

TOKYO  | Japan’s June trade surplus jumps, while US dealings slip

TOKYO  — Japan’s trade surplus jumped 66 percent year-on-year in June on strong growth in shipments to China and other Asian countries, though exports and imports with the U.S. weakened. Preliminary data released Thursday by the Finance Ministry showed exports rose 6.7 percent in June from a year earlier to 7.1 trillion yen ($62 billion) … Continue reading TOKYO  | Japan’s June trade surplus jumps, while US dealings slip

SINGAPORE  | Asian stocks ease after rallying on solid US performance

SINGAPORE  — Asian markets have eased after early gains as a sweep of positive news from Wall Street and beyond boosted confidence in the U.S. economy. KEEPING SCORE: Japan’s benchmark Nikkei 225 gained 0.4 percent to 22,794.19. The index had rallied 1 percent in early Wednesday trading. South Korea’s Kospi lost 0.4 percent to 2,288.67, … Continue reading SINGAPORE  | Asian stocks ease after rallying on solid US performance

California News: Chinese National, MICHAEL YIN Charged With Insider Trading Scheme Conducted With Principal Of Private Equity Fund

Los Angeles, Ca. – Geoffrey S. Berman, the United States Attorney for the Southern District of New York, and Paul D. Delacourt, the Assistant Director-in-Charge of the Los Angeles Field Office of the Federal Bureau of Investigation (“FBI”), announced the indictment late yesterday of MICHAEL YIN, a/k/a “Shaohua Yin,” on charges of conspiracy to commit … Continue reading California News: Chinese National, MICHAEL YIN Charged With Insider Trading Scheme Conducted With Principal Of Private Equity Fund

BEIJING  | China’s economic growth cools amid trade tensions

BEIJING  — China’s economic growth slowed in the quarter ending in June, adding to challenges for Beijing amid a mounting tariff battle with Washington. The world’s second-largest economy expanded by 6.7 percent, down from the previous quarter’s 6.8 percent, the government reported Monday. A spokesman for the National Bureau of Statistics struck a positive note … Continue reading BEIJING  | China’s economic growth cools amid trade tensions

BEIJING  | EU official urges Trump, Putin not to destroy global order

BEIJING  — A senior European Union official on Monday urged President Donald Trump, Russian President Vladimir Putin and China to work with Europe to avoid trade wars and prevent conflict and chaos. European Council President Donald Tusk was speaking in Beijing at the opening of a summit between China and the European Union, just hours … Continue reading BEIJING  | EU official urges Trump, Putin not to destroy global order