Gold (GC=F) prices fell to around $4,000 per ounce as investors moved away from the safe-haven asset on prospects of a US-China trade deal. Futures for the yellow metal declined as much as 3% as US and Chinese officials signaled that weekend talks have paved the way for a breakthrough in the trade standoff. The…
By Rozanna Latiff and Danial Azhar KUALA LUMPUR (Reuters) -China pressed on Monday for stronger economic ties and more open trade at a regional summit in Malaysia dominated by the shadow of steep U.S. tariffs after proceedings attended by President Donald Trump. In a flurry of deal-making on his first stop during a five-day tour…
By Andrea Shalal, David Lawder and Susan Heavey WASHINGTON (Reuters) -Top U.S. officials headed to Malaysia on Wednesday to defuse a spike in U.S.-China trade tensions over Beijing’s move to curb exports of rare earth magnets, and keep next week’s planned meeting of U.S. President Donald Trump and Chinese President Xi Jinping in South Korea…
President Trump and Australian Prime Minister Anthony Albanese signed the framework of the critical minerals deal Monday that aims to boost US access to both the mining and processing of Australian rare earth resources. It was a move aimed squarely at China — which recently moved to choke off its own rare earth mineral exports…
Ashley Tellis, a prominent Indian-American national security expert and long-time US adviser, has been accused of hoarding classified documents and repeatedly meeting Chinese officials, stirring concern over possible Beijing ties and jolting Washington’s foreign policy circles. An affidavit dated October 13 in the US District Court for the Eastern District of Virginia said more than…
(Reuters) -A Wells Fargo banker, Chenyue Mao, who had been barred from leaving China for several months, has been allowed to return to the United States following negotiations between U.S. and Chinese officials, the Washington Post reported on Tuesday, citing several people familiar with the matter. Mao, who works in Wells Fargo’s international factoring business,…
By Greg Torode HONG KONG (Reuters) -China will attempt to further boost its recent strategic diplomacy and power projection efforts as it hosts its annual security forum this week amid roiling regional tensions. Foreign diplomats and security analysts say they expect Chinese officials will use the Beijing Xiangshan Forum to push President Xi Jinping’s vision…
By Lewis Jackson and Amy Lv (Reuters) -U.S. Democrats have asked the Trump administration to press China to curb “structural overproduction”, essentially overhauling Beijing’s economic model, as Treasury Secretary Scott Bessent holds talks with Chinese officials in Spain. Democratic members of a House of Representatives committee on China said any bilateral trade deal should include…
Chinese officials including Vice Premier He Lifeng began their latest round of trade talks with a US delegation in Madrid (Thomas COEX) China and the United States kicked off the latest round of trade talks on Sunday in Madrid, where they are set to thrash out their TikTok dispute and President Donald Trump’s promised hefty…
China’s coal and gas usage declined this summer despite increasing electrical demand, according to Bloomberg. Chinese officials asked coal producers to cut back on output, leaving renewables and storage to meet electrical demand. While that might strain energy production, the government only needed to get a small number of factories to lower electrical demand for…