Sections SEARCH Skip to content Skip to site index Business Log In Subscribe Log In Today’s Paper Business | Li Keqiang, Chinese Premier, Reaches Out to Trump and Business Advertisement Supported by ByKeith Bradsher July 2, 2019 DALIAN, China — A top Chinese leader made an unusually public effort on Tuesday to ease trade tensions somewhat with the United States, woo foreign investors and reassure his own country’s citizens that their economy remained on track. In meetings during the World Economic Forum in the Chinese port city of Dalian, Premier Li Keqiang, China’s No. 2 official, promised to cut tariffs, loosen limits on foreign investment, protect intellectual property and allow foreign companies to apply for China’s generous subsidies for research and development. He made many of those comments in a rare question-and-answer session in the afternoon with executives from Japan, … [Read more...] about Li Keqiang, Chinese Premier, Reaches Out to Trump and Business
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By Paul J. Davies WSJ Avantika Chilkoti WSJ Wed., May 1, 2019 In Europe, markets have hit their summer lull early—very early. As with markets in the U.S. and elsewhere, this very stability could be a dangerous thing for investors desperately hunting for returns. One illustration of the quiet: The Stoxx Europe 600 index of leading European shares set a record for apparent investor apathy on Tuesday with the 17th consecutive trading session when its price has moved by less than 0.5%. The last longest streak of such little variation was 16 straight days ending in May 1993. This is part of a broader, multicountry pattern in financial markets driven by the near uniform turnaround in the attitude of major central banks, led by the Federal Reserve, which is expected to retain its supportive policies toward investors and the economy in its policy statement Wednesday. Central banks “seem to think their job at the moment is to suppress volatility to encourage … [Read more...] about Stock Markets in Europe Break Records for Calm and Quiet
SINGAPORE — Last week, leaders and officials representing more than three dozen countries from across the world gathered in Beijing for the second Belt and Road summit. The event marks the two-year anniversary since China first convened its flagship initiative to coordinate trillions of dollars of infrastructure across Eurasia and the Indian Ocean in a broad effort to recreate the old Silk Roads. One nation that was missing from the summit: The U.S.Story Continued Below The fashionable position in Washington today is to dismiss the Belt and Road Initiative (BRI) as a power play that won’t last—an attempt at neocolonial debt trap diplomacy, in which China uses unpayable debts to control less powerful states, that is ultimately destined to collapse under the weight of financially spurious projects. On the other hand, there are also those who view BRI as a serious threat—a sign of China’s continued quest for global hegemony and the presence of a new Cold War … [Read more...] about Washington Is Dismissing China’s Belt and Road. That’s a Huge Strategic Mistake.
HCM City’s annual I-Star Awards for business innovation open The 2nd I-Star Award 2019 Competition kicked off in HCM City on March 29. Registration for the 2nd I-Star Award for creativity, innovation and business start-ups in HCM City has opened, the competition organisers announced on Friday. The awards, given by the city Department of Science and Technology, are divided into four categories: small and medium business start-ups showing creativity, economic efficiency and positive impacts on society; organisations and individuals offering innovative solutions that benefit the community; media works that have a great impact on the community; and investors, experts, and incubator organisations that support innovation and start-ups. There are three prizes in each category. The winners will be chosen by a group of experts and online voters from the community. Nguyễn Việt Dũng, director of the department, said the annual competition honours outstanding and … [Read more...] about BUSINESS NEWS IN BRIEF 31/3
President Donald Trump said Wednesday that he'll keep tariffs on China until he's sure the Chinese are complying with any trade deal, rebutting expectations that the two nations will agree to roll back duties as part of a lasting truce to their trade war. "We're not talking about removing them, we're talking about leaving them for a substantial period of time, because we have to make sure that if we do the deal with China that China lives by the deal," Trump told reporters at the White House on Wednesday before leaving for Ohio. "They've had a lot of problems living by certain deals." The president's comments dim hopes that round-the-clock trade negotiations between the world's two biggest economies could lead to them removing the roughly $360 billion in tariffs they've imposed on each other's imports. China has pushed for the Trump administration to remove tariffs as part of any deal. U.S. officials are concerned that China is pushing back against some American demands in trade talks, … [Read more...] about President: Will keep tariffs as insurance