By Laurie Chen and Ryan Woo BEIJING (Reuters) – Meetings between senior U.S. and Chinese officials in China this week struck an upbeat chord, with both sides agreeing to maintain communication lines, even as Beijing remains leery of more “provocative” U.S. moves and open clashes are still a risk. Statements from Washington and Beijing on…
By Andrea Shalal and Daphne Psaledakis WASHINGTON (Reuters) – The White House said on Monday recent dangerous encounters between U.S. and Chinese forces in the Taiwan Strait and South China Sea reflect a growing aggressiveness by Beijing’s military that raises the risk of an error in which “somebody gets hurt.” Washington’s sharply worded warning followed…
By Selena Li HONG KONG (Reuters) – BlackRock Inc’s head of China business, Tony Tang, is leaving the asset manager, the company said on Tuesday, after having played a key role in expanding operations in the world’s second-largest economy. BlackRock, the world’s largest asset manager, said Tang “has expressed an interest in exploring opportunities” outside…
By Michael Martina and Martin Quin Pollard WASHINGTON/BEIJING (Reuters) – When a Chinese warship came within 150 yards of a U.S. destroyer in the Taiwan Strait on Saturday and forced it to slow down, it was the second time in a matter of days in which Chinese and U.S. military personnel came close to a…
By Clare Jim and Liangping Gao HONG KONG (Reuters) -China property stocks listed in Hong Kong jumped as much as much as 7.9% on Tuesday, as investors clung to hopes that Beijing would roll out more supportive measures soon to bolster the embattled sector. Once a pillar of economic growth, the sector has softened since…
(Reuters) – Panasonic Holdings plans to expand production of electric vehicle batteries at a factory in Nevada jointly operated with Tesla by 10% within three years, a spokesperson for the Japanese company said on Tuesday. The comments followed a Nikkei Asia report on Monday that said unit Panasonic Energy would install a 15th production line…
By Roushni Nair (Reuters) – Most Asian currencies traded mixed on Tuesday as economic data in the U.S. pointed to sluggish growth in the country’s services sector, further bolstering the case for a pause in interest rate hikes by the Federal Reserve next week. The Malaysian ringgit and Thailand’s baht depreciated as much as 0.5%…
By Hannah Lang, Jonathan Stempel and Tom Wilson WASHINGTON (Reuters) – U.S. regulators sued Binance and its CEO Changpeng Zhao on Monday for allegedly operating a “web of deception,” piling further pressure on the world’s biggest cryptocurrency exchange and sending bitcoin to its lowest in almost three months. The Securities and Exchange Commission (SEC) complaint,…
BEIJING (Reuters) – China will likely further cut banks’ reserve ratio and interest rates in the second half of this year to support the economy, the China Securities Journal reported on Tuesday, citing policy advisors and economists. China’s economy rebounded faster than expected in the first quarter but lost momentum at the beginning of the…
SEOUL (Reuters) – The Bank of Korea (BOK) assesses it is more desirable to maintain its dollar liquidity than to increase gold holdings for foreign exchange reserves at this point, the central bank said. “A cautious approach is necessary for determining whether to increase the ratio of gold in the foreign exchange reserves,” the BOK’s…
