Yen climbs as China halts trade talks with US, oil rallies

By Swati Pandey SYDNEY, Sept 24 : The safe haven yen gained on Monday in holiday-thinned trading as China cancelled upcoming tariff talks with the United States, ratcheting up tensions while oil prices jumped after top producers including Russia ruled out boosting crude output. Most of the action was in currencies as financial markets in […]

Asian firms shuffle production around the region as China tariffs hit

By Ju-min Park and Makiko Yamazaki SEOUL/TOKYO, Sep 23 : A growing number of Asian manufacturers of products ranging from memory chips to machines tools are moving to shift production from China to other factories in the region in the wake of US President Donald Trump’s tariffs on Chinese imports. Companies including SK Hynix of […]

White House optimistic on China trade; no date for more talks

By Jeff Mason WASHINGTON, Sep 22 : The United States is optimistic about finding a way forward in its trade dispute with China, but it does not have a date scheduled for further talks as it assesses Beijing’s response to the latest round of tariffs, a senior White House official said on Friday. The official […]

China opens embassy in Dominican Republic after break with Taiwan

By Jorge Pineda SANTO DOMINGO, Sept 22 : China’s most senior envoy inaugurated a new embassy in the Dominican Republic on Friday after the Caribbean country cut ties with Taiwan in a move that prompted U.S. concern over the Asian island’s dwindling number of allies. Self-ruled Taiwan, which China claims as its own, now has […]

China may issue more fuel export quotas to refiners to prevent run cuts -sources

By Chen Aizhu BEIJING, Sept 21 : China may issue an additional 3 million to 4 million tonnes of permits for refined fuel exports for 2018 to prevent state-owned refiners from having to slash throughput rates, according to three sources briefed on the matter. The government has been looking to keep fuel export quotas at […]

China more confident after stabilising yuan, seen cutting reserve ratio soon

By Winni Zhou and Kevin Yao SHANGHAI/BEIJING, Sep 21 : China’s ability to stabilise the yuan in recent weeks despite weak economic data and a further escalation in its trade war with the United States is reinforcing expectations that the central bank will cut banks’ reserve ratios again within weeks. Such a move would underscore […]