BEIJING (Reuters) – China firmly opposes trade talks between the United States and Taiwan and says it will take all necessary measures to firmly safeguard its sovereignty, security and development interests, the commerce ministry said on Thursday. Taiwan and the U.S. have said they will start trade talks under a new initiative. “One China” policy…
HUALIEN, Taiwan (AP) — The U.S. government will hold trade talks with Taiwan in a sign of support for the island democracy that China claims as its own territory, prompting Beijing to warn Thursday it will take action if necessary to “safeguard its sovereignty.” The announcement of trade talks comes after Beijing fired missiles into…
LVIV, Ukraine (AP) — As a potential power broker, Turkish President Recep Tayyip Erdogan will use his first visit to Ukraine since the war started nearly six months ago to seek ways to expand the export of grain from Europe’s breadbasket to the world’s needy. U.N. Secretary-General António Guterres will use his visit to focus…
NEW YORK (AP) — Stocks edged higher on Wall Street Thursday in another round of choppy trading that has mostly held back major indexes following a weekslong run of gains. The S&P 500 fell 0.3% as of 11:57 a.m. Eastern. The Dow Jones Industrial Average fell 12 points, or less than 0.1%, to 33,964 and…
By Florence Tan (Reuters) -Oil prices were little changed on Thursday as investors grappled with falling stockpiles in the United States, rising output from Russia and worries about a potential global recession. Brent crude futures climbed 15 cents, or 0.2%, to $93.80 a barrel by 0347 GMT. U.S. crude futures gained 4 cents, or 0.1%,…
By Balazs Koranyi and Frank Siebelt FRANKFURT (Reuters) – The euro zone inflation outlook has failed to improve since a July rate hike, European Central Bank board member Isabel Schnabel said, suggesting she favours another large interest rate increase next month even as recession risks harden. The central bank for the 19-country bloc surprised investors…
SHANGHAI (Reuters) -China’s Geely Automobile Holdings Ltd said on Thursday its first-half net profit fell 35%, as the country’s strict COVID-19 restrictions dented sales and disrupted production. Hangzhou-based Geely, China’s highest-profile automaker globally due to the group’s investments in Volvo Cars and Mercedes-Benz, posted January-June profit of 1.55 billion yuan ($228.3 million), versus 2.38 billion…
BEIJING (AP) — The U.S. government plans talks with Taiwan on a wide-ranging trade treaty in a sign of support for the self-ruled island democracy claimed by China’s ruling Communist Party as part of its territory. The announcement Thursday comes after Beijing held military drills that included firing missiles into the sea to intimidate Taiwan…
By Tetsushi Kajimoto TOKYO (Reuters) – More large Japanese companies are now raising wages to attract workers and cope with chronic staff shortages, a monthly Reuters poll showed on Thursday, a tentative sign Japan Inc may be slowly addressing pay that has been flat for decades. Still, the Corporate Survey found that higher wages aren’t…
By Scott Murdoch HONG KONG (Reuters) – Asian shares tracked lower on Thursday, in step with Wall Street’s losses, as even the prospect of a less aggressive Federal Reserve has still set the U.S. central bank on a path for interest rates to stay higher for longer. The dollar rose overnight after the Fed’s July…
