LIMA, Peru (AP) — After two days of meetings in Lima that rarely ventured beyond platitudes in discussing the strategies of robust economic engagement, the Asia-Pacific Economic Cooperation forum wrapped up Saturday with a spirit of detente that many fear the annual summit may not see again for the next four years. The 21 leaders…
President Xi Jinping announced that China will host the Asia Pacific Economic Cooperation summit in 2026, which would bring leaders from the 21-member group — including potentially US President-elect Donald Trump — to the world’s second-biggest economy. Xi made the remarks on Saturday at the APEC summit in Peru, where he is set to meet…
Hong Kong revised growth expectations to the lowest end of its previous forecast, showing mounting pressures from weaknesses in exports and consumption. The city changed its 2024 growth forecast to 2.5% from a range of 2.5%-3.5% estimated in August, the Census and Statistics Department said Friday. The adjustment suggests expansion will slow from last year’s…
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Hi this is Philip Glamann in Beijing, where pessimism about the future of China-US ties is mounting. One big reason for that is President-elect Donald Trump picked Marco Rubio as his secretary of state this week. Rubio has made clear his distaste for the ruling Communist Party, calling for the US to get much tougher…
A strong U.S. dollar unsettled Asian markets on Thursday, as investors assessed a U.S. inflation report that showed price increases. The dollar’s continued rise—particularly against Asian currencies—has intensified economic pressure on the region since the U.S. election. In Japan, the dollar climbed to 156.10 yen from 155.49 yen, reflecting expectations of currency gains linked to…
China’s copper importers are reining in the amount of tonnage they buy through annual supply negotiations, once a bellwether for the global metal market, and opting for spot supplies instead. For 2025, buyers in China will take less refined metal under yearly contracts than they did this year, including from producers like Chilean copper giant…
Beijing has urged Ottawa to abide by its “one China” commitment and safeguard bilateral relations, days ahead of an expected visit to Canada by former Taiwanese leader Tsai Ing-wen. “China strongly opposes any visits by Taiwan separatists to countries that maintain diplomatic relations with China under any title,” Beijing’s foreign ministry spokesman Lin Jian said…
Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at: Good morning, this is Ashutosh Joshi, an equities reporter in Mumbai. A pall of gloom continues to hang over India’s stock market, with Nifty futures offering little respite. As…
