Latest Shanghai News

Global stocks recover some ground at end of turbulent week

Aug. 16, 2019 7:40 AM EDT

LONDON (AP) — Global stock markets looked set to end a turbulent week on a positive note although worries about the U.S. economy and the trade conflict between the U.S. and China still have the potential to derail Friday's recovery. Investors in stocks were spooked earlier this week by developments in the...

US recession fears stalk markets as stocks fall again

Aug. 15, 2019 7:53 AM EDT

LONDON (AP) — Global stock markets fell sharply again Thursday after Wall Street endured its worst day of the year as recession fears in the U.S. and around the world escalated. Investors across financial assets have been gripped by developments in the U.S. bond market. On Wednesday they focused on the...

China threatens retaliation if US tariff hikes go ahead

Aug. 15, 2019 6:42 AM EDT

BEIJING (AP) — China on Thursday threatened retaliation if Washington steps up their war over trade and technology by going ahead with planned Sept. 1 tariff hikes on additional Chinese imports. Beijing will take unspecified "necessary countermeasures," the Cabinet said in a one-sentence statement. It gave...

Asian stocks lower after US indexes tumble on recession fear

Aug. 15, 2019 12:35 AM EDT

BEIJING (AP) — Asian stock markets followed Wall Street lower on Thursday after the Dow Jones Industrial Average plunged on mounting fears of a possible recession. Market benchmarks in Shanghai, Tokyo and Hong Kong all retreated. U.S. investors dumped stocks, sending the Dow into its biggest one-day drop...

China's Xi gets tougher on Trump after new tariff threat

Aug. 13, 2019 11:09 AM EDT

BEIJING (AP) — Facing another U.S. tariff hike, Chinese President Xi Jinping is getting tougher with Washington instead of backing down. Beijing fired what economists called a "warning shot" at Washington by letting its yuan currency weaken in response to President Donald Trump's latest threat of more...

Michigan agriculture officials plan trade mission to China

Aug. 13, 2019 10:04 AM EDT

LANSING, Mich. (AP) — The Michigan Department of Agriculture and Rural Development is planning another trade mission to China. The fourth annual trip is scheduled for Nov. 8-12 and the agency says representatives of Michigan food and agriculture companies will travel to Guangzhou, Chengdu, and Shanghai....

Global stocks sink on trade war jitters, economic data

Aug. 13, 2019 7:49 AM EDT

BEIJING (AP) — Global stock markets were retreating again Tuesday amid anxiety the U.S.-Chinese trade war will hurt already slowing global economic growth. Market benchmarks in London and Frankfurt fell, while Shanghai and Tokyo closed down. Hong Kong's main index lost 2.1% as pro-democracy protesters...

Asian stocks follow Wall Street lower on trade war jitters

Aug. 13, 2019 12:22 AM EDT

BEIJING (AP) — Asian stock markets followed Wall Street lower Tuesday amid anxiety the U.S.-Chinese trade war will hurt already slowing global economic growth. Benchmarks in Shanghai, Tokyo, Hong Kong and Sydney all retreated. Investor anxiety has been fed by President Donald Trump's threat of new U.S....

Global stocks mixed as trade war worries worsen

Aug. 12, 2019 5:16 AM EDT

BEIJING (AP) — Global stocks gained Monday amid investor jitters the U.S.-China trade war might be worsening. Market benchmarks in Frankfurt and Paris rose in early trading while Shanghai and Hong Kong closed lower. London was unchanged and Tokyo was closed for a holiday. Investors were encouraged by hopes...

Asian stocks rise as trade war worries worsen

Aug. 12, 2019 1:29 AM EDT

BEIJING (AP) — Asian stocks gained Monday amid investor jitters the U.S.-China trade war might be worsening. Benchmarks in Shanghai and South Korea rose while Hong Kong and Australia were unchanged. Japanese markets were closed for a holiday. Investors were encouraged by hopes global central banks will...