Latest Shanghai News

US-China trade hopes help shore up global stock markets

Dec. 12, 2018 8:07 AM EST

LONDON (AP) — Global shares rose Wednesday amid hopes for progress in U.S.-China trade talks while U.K. markets took in stride the news that British Prime Minister Theresa May will face a no-confidence vote among her party's lawmakers later. KEEPING SCORE: In Europe, Germany's DAX was up 1.2 percent at...

Huawei CFO gets bail; China detains ex-Canadian diplomat

Dec. 12, 2018 12:25 AM EST

VANCOUVER, British Columbia (AP) — A Canadian court granted bail Tuesday to a top Chinese executive arrested at the United States' request in a case that has set off a diplomatic furor among the three countries and complicated high-stakes U.S.-China trade talks. Hours before the bail hearing in Vancouver,...

Hopes for US-China trade talks help push Asian shares higher

Dec. 11, 2018 9:22 PM EST

TOKYO (AP) — Asian shares rose Wednesday amid hopes for U.S.-China trade talks. ASIA'S DAY: Japan's benchmark Nikkei 225 added 1.7 percent in early trading to 21,501.95. Australia's S&P/ASX 200 edged up 0.8 percent to 5,618.70. South Korea's Kospi was up nearly 1.0 percent at 2,073.20. Hong Kong's Hang...

World stocks slip on China-US tensions, Brexit uncertainty

Dec. 10, 2018 7:29 AM EST

SINGAPORE (AP) — World stocks fell on Monday as tensions between the U.S. and China over the arrest of a senior executive of telecoms supplier Huawei raised concerns about talks on trade. Reports that a key Brexit vote could be scrapped added to the uncertainty, pushing down the pound. KEEPING SCORE: In...

Asian shares fall as Huawei arrest imperils China-US truce

Dec. 9, 2018 11:58 PM EST

SINGAPORE (AP) — Asian markets were broadly lower Monday after China protested the arrest of a senior executive of Chinese electronics giant Huawei, who is suspected of trying to evade U.S. trade curbs on Iran. KEEPING SCORE: Japan's benchmark Nikkei 225 slid 2.2 percent to 21,197.74 after revised data...

China exports weaken ahead of US trade talks

Dec. 8, 2018 7:01 AM EST

BEIJING (AP) — China's export growth sank in November as global demand weakened, adding to pressure on Beijing ahead of trade talks with Washington. Exports rose 5.4 percent over a year ago to $227.4 billion, a marked decline from the previous month's 12.6 percent increase, customs data showed Saturday....

Dow's recovery helps shore up markets around the world

Dec. 7, 2018 7:59 AM EST

LONDON (AP) — Shares rebounded in Europe and Asia on Friday as worries over U.S.-China trade friction were calmed by conciliatory comments from Beijing. Attention was turning toward upcoming U.S. jobs data. KEEPING SCORE: In Europe, stock markets made up around half of Thursday's losses in morning trading....

Asian shares rise on Wall Street gains amid trade friction

Dec. 6, 2018 10:42 PM EST

TOKYO (AP) — Asian shares were mostly higher Friday after gains on Wall Street but investors continued to watch for news about U.S.-China trade friction. KEEPING SCORE: Japan's benchmark Nikkei 225 added 0.1 percent to 21,524.02, and Australia's S&P/ASX 200 gained 0.5 percent to 5,685.50 in early...

China demands Canada release executive of tech giant Huawei

Dec. 6, 2018 4:46 PM EST

BEIJING (AP) — China on Thursday demanded that Canada release an executive of Chinese tech giant Huawei who was arrested in a case that compounds tensions with the U.S. and threatens to complicate trade talks. Meng Wanzhou, chief financial officer of Huawei Technologies Ltd., faces possible extradition to...

World shares skid as Huawei CFO arrest revives trade jitters

Dec. 6, 2018 7:47 AM EST

TOKYO (AP) — World financial markets took another plunge Thursday on concerns that the arrest of a senior official at Chinese telecoms equipment maker Huawei could hinder progress in China-U.S. trade talks. The price of oil also fell even though OPEC was expected to agree on a production cut to support the...