BANGKOK – Shares were mixed Wednesday in Europe and Asia after an update on U.S. inflation pulled most Wall Street stocks lower, though gains for Nvidia pushed the Nasdaq to another record. The report showed inflation in the United States accelerated to 2.7% last month from 2.4% in May. Economists said higher prices for clothes,…
President Xi Jinping has spoken out against unilateral sanctions and trade barriers – reiterating China’s support for globalisation as the international economic environment turns more protectionist – in an article published on the opening day of a high-profile supply chain expo. Wednesday’s piece in Qiushi – the leading theoretical journal of the ruling Communist Party…
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Shortly after President Trump threatened to impose an extra 10 per cent tariff on countries aligning themselves with the “anti-American policies” of the Brics, China on Monday said that the bloc is not seeking “confrontation” read more Shortly after President Donald Trump threatened to impose an extra 10 per cent tariff on countries aligning themselves…
China said on Monday that BRICS, the grouping that also includes Brazil, Russia and India, was not seeking “confrontation” after US President Donald Trump vowed to impose an extra 10 percent tariff on countries aligning with the bloc. “Regarding the imposition of tariffs, China has repeatedly stated its position that trade and tariff wars have…
The Hong Kong government has hit out at US senators who have introduced a bill that could lead to sanctions on judges and prosecutors from the city, calling any attempt to interfere with the judicial system “reprehensible”. Authorities voiced their criticism on Saturday as Beijing’s top envoy in the city also said the rise of…
The rise of unilateralism and protectionism poses “a certain amount of challenges” to Hong Kong’s development, Beijing’s top envoy in the city has said, while urging youngsters to embrace patriotism. Cui Jianchun, the commissioner of the Chinese foreign ministry’s office in Hong Kong, said on Saturday that some “large countries” were obsessed with putting themselves…
Hong Kong’s business and academic circles should step up exchanges with their overseas counterparts to help counter the bias of Western governments against the city and Beijing, a top government adviser has said. Regina Ip Lau Suk-yee, who is the convenor of the key decision-making Executive Council, said on Friday that non-governmental efforts could help…
A former high-ranking US official on a trip to Hong Kong has accused the Trump administration of miscalculating Beijing’s power and called on the country to open up communications amid escalating trade tensions. Kurt Campbell, former US deputy secretary of state in the Biden administration, told a conference hosted by the American Chamber of Commerce…
A former high-ranking US official on a trip to Hong Kong has accused the Trump administration of miscalculating China’s power and called on the United States to open up communications amid escalating trade tensions. Kurt Campbell, former US deputy secretary of state in the Biden administration, told a conference hosted by the American Chamber of…