Latest Shanghai News

Trump claims serious trade negotiations with China to begin

Aug. 26, 2019 5:40 AM EDT

BIARRITZ, France (AP) — President Donald Trump, under pressure to scale back a U.S.-China trade war partly blamed for a global economic slowdown, claimed Monday that the two sides will begin serious negotiations soon. Trump said his trade negotiators had received two "very good calls" from China Sunday,...

China lets yuan sink, Trump says serious talks to start

Aug. 26, 2019 5:23 AM EDT

BEIJING (AP) — China allowed its yuan to sink Monday and U.S. President Donald Trump said the two sides will talk "very seriously" about their war over trade and technology following tit-for-tat tariff hikes and Trump's threat to order American companies to stop doing business with China. The escalations...

The Latest: Fed vice chairman made no time for Trump tweet

Aug. 23, 2019 5:19 PM EDT

WASHINGTON (AP) — The Latest on the gathering of central bankers in Jackson Hole, Wyoming (all times local): 5:15 p.m. Federal Reserve Vice Chairman Richard Clarida says he was too busy at the central bankers' conference in Jackson Hole, Wyoming, to read President Donald Trump's tweets, including the one...

Trump vows response to China tariffs on $75B of US goods

Aug. 23, 2019 1:28 PM EDT

WASHINGTON (AP) — President Donald Trump declared Friday that he had "hereby ordered" American companies with operations in China "to immediately start looking for" an alternative after Beijing announced a series of retaliatory tariffs. But as markets in the U.S., Asia and Europe tumbled, the White House...

The Latest: Trump attacks Powell Fed after chairman's speech

Aug. 23, 2019 11:01 AM EDT

WASHINGTON (AP) — The Latest on the gathering of central bankers in Jackson Hole, Wyoming (all times local): 11 a.m. Reacting to Federal Reserve Chairman Jerome Powell's speech in Jackson Hole, Wyoming, President Donald Trump, who has relentlessly attacked Powell and the Fed for its rate policies, kept up...

Global stocks higher ahead of US Fed chairman's speech

Aug. 23, 2019 7:42 AM EDT

BEIJING (AP) — Global stock markets rose Friday ahead of a closely watched speech by the U.S. Federal Reserve chairman at a gathering of global central bankers in Jackson Hole, Wyoming. Market benchmarks in London, Frankfurt, Shanghai and Tokyo all advanced. Investors are looking to Jerome Powell's speech...

Asian stocks mixed ahead of Fed chairman's speech

Aug. 23, 2019 12:27 AM EDT

BEIJING (AP) — Asian stock markets were mixed on Friday after Wall Street declined ahead of a closely watched speech by the U.S. Federal Reserve chairman. Market benchmarks in Shanghai, Tokyo and Australia rose while Hong Kong declined. Investors are looking to Jerome Powell's speech Friday for signs of...

Global stocks subdued as investors seek more clues on Fed

Aug. 22, 2019 7:54 AM EDT

BEIJING (AP) — Global stock markets were subdued Thursday following Wall Street's rebound as investors looked ahead to a speech by the U.S. Federal Reserve chairman for clues about possible interest rate cuts. Investor reaction was muted following Wednesday's release of notes from the latest Fed meeting...

Asian stocks mixed after Wall Street rebound

Aug. 22, 2019 12:21 AM EDT

BEIJING (AP) — Asian stock markets are mixed Thursday following Wall Street's rebound as investors looked ahead to a speech by the U.S. Federal Reserve chairman for clues about possible interest rate cuts. Investor reaction was muted following Wednesday's release of notes from the latest Fed meeting...

Beijing appeals to US to 'meet China halfway' on trade

Aug. 21, 2019 8:15 AM EDT

BEIJING (AP) — Beijing appealed to Washington on Wednesday to "meet China halfway" and end a tariff war after President Donald Trump said Americans might need to endure economic pain to achieve longer-term benefits. A foreign ministry spokesman, Geng Shuang, expressed hope Washington can "get along with...