Latest Shanghai News

Stocks mixed ahead of Fed, oil dips on Saudi output recovery

Sep. 18, 2019 8:24 AM EDT

BEIJING (AP) — Global stocks were little changed Wednesday as investors watched for a U.S. Federal Reserve decision on a possible interest rate cut and as oil prices eased on hopes for a quick recovery in Saudi oil supplies. Benchmarks in London, Frankfurt and Shanghai advanced while Tokyo and Hong Kong...

Chinese envoy going to US to prepare for trade talks

Sep. 17, 2019 2:11 AM EDT

BEIJING (AP) — A Chinese envoy will head to Washington on Wednesday to prepare for trade negotiations. The announcement Tuesday follows conciliatory gestures by both sides ahead of the October talks on their fight over trade and technology, which threatens to dampen global economic growth. A deputy finance...

Popularity of NBA in China seems to create endless options

Sep. 16, 2019 11:09 AM EDT

BEIJING (AP) — Kobe Bryant went to China for the first time in 1998, making the trip to Beijing to help operate an instructional basketball clinic for about a dozen kids. The local coaches working with him didn't know a lot about the game. Barely anyone noticed that an NBA player was in town. Basketball...

Global stocks slip as oil prices surge

Sep. 16, 2019 7:24 AM EDT

BEIJING (AP) — Global stock markets sank Monday after crude prices surged following an attack on Saudi Arabia's biggest oil processing facility. Market benchmarks in Europe dropped after Asian markets mostly closed lower, while Wall Street futures were down slightly. Shanghai's index was unchanged, and...

Asian markets mixed as oil prices surge

Sep. 16, 2019 12:17 AM EDT

BEIJING (AP) — Asian stock markets were mixed Monday after crude prices surged following an attack on Saudi Arabia's biggest oil processing facility. Hong Kong's benchmark tumbled 1.1% while Seoul advanced and Shanghai and Sydney were little-changed. Japanese markets were closed for a holiday. The...

China to lift punitive tariffs on US soybeans, pork

Sep. 13, 2019 3:16 PM EDT

BEIJING (AP) — China will lift punitive tariffs imposed on U.S. soybeans and pork in a trade war with Washington, a state news agency said Friday, adding to conciliatory gestures by the two sides ahead of negotiations. China will suspend tariff hikes on soybeans, pork and some other farm goods, the Xinhua...

Stock markets edge up ahead of ECB stimulus decision

Sep. 12, 2019 7:12 AM EDT

BANGKOK (AP) — World stock markets rose cautiously Thursday as investors awaited the European Central Bank's decision on how much stimulus it will provide the economy. Sentiment also was brightened by hopes that China and the U.S. are moving to ease trade tensions. Germany's DAX edged 0.2% higher to 12,378...

Asian shares mixed after China eases trade tensions

Sep. 12, 2019 12:49 AM EDT

BANGKOK (AP) — Asian shares were mixed Thursday after China moved to ease trade tensions. Investors drew encouragement from China's decision to exempt some U.S. products from a recent round of tariffs. Tokyo, Shanghai and Sydney advanced while Hong Kong slipped. Stocks notched broad gains on Wall Street...

Chinese businesswoman guilty in Mar-a-Lago trespassing case

Sep. 11, 2019 5:30 PM EDT

FORT LAUDERDALE, Fla. (AP) — Yujing Zhang's desire to meet President Donald Trump and his family turned the Chinese businesswoman into an American felon. A 10-woman, two-man federal jury convicted Zhang on Wednesday of trespassing at the president's Mar-a-Lago club in March and lying to Secret Service...

Global stocks rise on signs of easing trade tensions

Sep. 11, 2019 7:06 AM EDT

TOKYO (AP) — Global shares were mostly higher Wednesday amid some signs of easing tensions between the United States and China on trade issues. Investors seemed to be cheered by China's move to exempt American industrial grease and some other imports from tariff hikes in a trade war with Washington,...