China Touts Economic Resilience in Mitigating US Tariffs
China’s strong economy and diverse trade partners will help mitigate the impact of additional US tariffs, according to a spokesperson for the nation’s statistics bureau.
Latest from Bloomberg
{{ currentStream.Desc }}
The information you requested is not available at this time, please check back again soon.
China’s strong economy and diverse trade partners will help mitigate the impact of additional US tariffs, according to a spokesperson for the nation’s statistics bureau.
New Zealand dairy farmers could be in for a big pay day if Fonterra Cooperative Group follows through on plans to exit its global consumer businesses.
Oil headed for a modest weekly gain as futures remained in a narrow range, with the outlook for supply and inflation in focus.
Stocks in Asia fell Friday after data from China showed fresh economic weakness and traders reassessed the path forward for US interest rates.
Gold’s record-setting rally may have captured the headlines this year, but it’s silver that’s running harder and faster as the less glamorous metal benefits from robust financial and industrial demand.
Indian stocks are set for the biggest monthly outflow in nearly a year as election uncertainties and high valuations prompt some funds to shift to cheaper alternatives like Chinese equities.
China’s aluminum output climbed to a record to feed robust demand as manufacturing and exports power the country’s increasingly unbalanced economic recovery this year.
A day after signaling the central bank’s readiness to pivot to monetary easing, Philippine central bank Governor Eli Remolona said he would like to see easier liquidity conditions as policy may be becoming tighter than necessary.
A majority of Japanese companies considers the yen’s recent weakness a negative factor for their businesses, according to a recent survey.
A $9 billion fertilizer mine under the Yorkshire moors employs about 2,000 people. Now the project is at risk as Anglo fends off its rival.
Malaysia’s economy expanded faster than initially estimated in the first quarter, driven by private spending and a rebound in exports.
Governments and companies want the clean fuel to play a big role in fueling the continent. If they’re wrong, the planet will be worse off than before.
The new blockbuster weight-loss shots can help patients trim more pounds than any medicines have before. Now drugmakers are rushing to solve another problem — making sure people keep their muscle even as they shed fat.
It’s fair for some European countries to fear that issuing common debt to bolster defense is a slippery slope to greater union, Nobel prize-winning economist Thomas J. Sargent said.
China kicked off issuance of this year’s special sovereign bonds with a 30-year auction that drew demand of 3.9 times the amount on offer.
Ping An Insurance Group Co. is weighing options that would allow it to reduce its 8% stake in HSBC Holdings Plc, according to people familiar with the matter.
At least four people were killed and more than 960,000 customers in Texas — about 7% of the total — were without power Thursday night as an intense rainstorm swept through the Houston area.
The Biden administration is initiating a suite of policies it says will help foster a deeper domestic supply chain for solar panels, following pleas from US manufacturers confronting a surge of tariff-free imports.
Shares of India’s vaunted IT outsourcing firms are facing a reality check, as global investors’ rush into the artificial intelligence theme starts to leave pricey old-economy tech stocks behind.
The Bank of Japan left the amount of bonds it buys at regular operations unchanged on Friday, contributing to a small decline in the yen after aiding the currency earlier in the week with a surprise reduction in purchases.
MBK Partners is considering selling Chinese spa and beauty clinic operator Shanghai Siyanli Industrial Co. as it looks to exit its investment, according to people familiar with the situation.
Passengers will see little respite from soaring air fares as carriers face a shortage of planes, labor and spare parts that will prevent them meeting booming travel demand.
China’s leading copper miner raised its output guidance at a time when prices have been rallying toward a record on expected deficits.
China’s retail sales grew at the slowest pace since 2022 while industrial production accelerated, highlighting the unbalanced recovery of the world’s No. 2 economy.
A record squeeze in the New York copper market eased somewhat on Friday, as CME Group Inc. raised trading margins and copper prices on the London Metal Exchange rallied to narrow the gap between the two markets.
Russia’s weeklong offensive in northeastern Ukraine is setting alarm bells ringing in Kyiv as President Volodymyr Zelenskiy and his generals rush to shore up their defenses.
European Central Bank Executive Board member Isabel Schnabel warned against back-to-back interest-rate cuts in June and July.
Chevron Corp.’s $53 billion deal to buy Hess Corp. received a nod of support from a major proxy advisory firm that said shareholders should vote in favor of it.
Vietnam’s Communist Party approved the resignation of Politburo member Truong Thi Mai, making her the sixth official of the elite body to step down since 2022 amid expanding corruption probes.
China’s government plans to hold a meeting with key officials on Friday morning to discuss the property market, including a proposal to clear excess housing inventory, according to people with knowledge of the matter.
Over the past few years, Vietnam’s anti-graft drive has taken down a slew of top Communist Party leaders, including presidents, deputy prime ministers and Politburo members. But that hasn’t stopped foreign investors from pouring in cash.
Country Garden Holdings Co. has begun a major legal battle, squaring off in a Hong Kong court against a creditor seeking the liquidation of the defaulted Chinese developer.
Three Australian league soccer players have been arrested following an investigation into alleged betting corruption and will face court on Friday afternoon.
Dolce & Gabbana USA Inc. was sued by a customer who says the NFTs he spent $6,000 on that came with outfits to wear in the metaverse lost 97% of their value because the Italian luxury fashion house bungled their delivery.
Electric vehicle makers Li Auto Inc. and XPeng Inc. report next week amid disruptive moves by rivals in their home market. On top of another round of bruising price cuts initiated by Tesla Inc., Xiaomi Corp. joined the fray with the launch of its own car.
China’s home prices fell at a faster pace in April, underscoring why the government is stepping up efforts to tackle the years-long property crisis.
Macro funds in Asia used the dollar’s drop Thursday as an opportunity to buy it, in particular against the yen, according to traders.
Shares of Chinese property developers extended a rally as investors expect Beijing to unveil more policy support after a Friday meeting to salvage the beleaguered market.
China’s first issuance of this year’s special sovereign bonds on Friday is expected to see solid demand, according to strategists and gauges of sentiment in the bond market.
The outspoken sister of North Korea’s leader blasted accusations her nation is exporting weapons to Russia as a “fiction,” shortly after the US imposed new sanctions on the arms trade that Washington says is powering the Kremlin’s assault on Ukraine.
Gains from Indian bonds have surpassed those on Chinese debt this year and there are reasons to suggest the outperformance will continue.
A Jefferies Financial Group risk manager wondered why her contact at Archegos seemed to be in such a rush to withdraw hundreds of millions of dollars in excess cash from its trading account.
The World Bank said Thursday that it would seek “an outside firm” to look at the work of the bank’s ombudsmen regarding an inquiry into sexual abuse allegations at schools in Kenya.
An anti-tax advocacy group with ties to billionaire Jeff Yass and shipping magnate Richard Uihlein is jockeying for a fresh round of corporate levy cuts should Donald Trump win a second term in the White House.
Professionals who thought they’d won a secure place in the rising middle class are now looking for work and scraping by.
Investors are divided on the likelihood of the Bank of Japan repeating its surprise move earlier this week by reducing purchases of government bonds in a regular buying operation this morning.
HSBC Holdings Plc is rolling out accounting and tax tools for its small UK business customers, who will soon have to give the government a lot more information on their finances.
Reddit Inc. forged a partnership with OpenAI that will bring its content to the chatbot ChatGPT and other products, while also helping the social media company add new artificial intelligence features to its forums.
Suriname’s discovered oil resources now total more than 2.4 billion barrels of crude and liquids, and the nation has more than 12.5 trillion cubic feet of gas, according to Wood Mackenzie.
Gridiron Capital senior managing director Will Hausberg and managing directors Brad Skaf and Doug Rosenstein are leaving the private equity firm, according to people with knowledge of the matter.
Commuters in Buenos Aires will see subway fares quadruple Friday morning, a consequence of President Javier Milei’s austerity drive.
Donald Trump’s lawyer at his hush money trial grilled Michael Cohen for hours on the witness stand Thursday about possible inconsistencies in his testimony and his well-documented history of lying under oath.
Several Federal Reserve officials said the central bank should keep borrowing costs high for longer as policymakers await more evidence inflation is easing, suggesting they’re not in a rush to cut interest rates.
Snowflake Inc. is in talks to acquire startup Reka AI for more than $1 billion, expanding the software maker’s effort to offer generative AI capabilities, according to people familiar with the matter.
President Gustavo Petro met with Colombia’s central bank board a day after accusing them of throttling the nation’s economic growth.
Eversource Capital, which closed India’s largest climate impact fund in 2022, is seeking to raise at least $1 billion as it scouts for companies to back in other Asian countries, according to its Chief Executive Officer.
Shut out of US markets and under fire in Europe, China’s electric carmakers are zeroing in on the countries where they’re welcome. One of the big ones is Brazil.
New York Community Bancorp said Julie-Ann Signorille-Browne has resigned from her post as chief operating officer — a role she was promoted to in September last year.
Jane Street Group was ordered to detail the secret Indian options strategy it alleges two former traders took to their new jobs at Millennium Management to the Manhattan federal judge overseeing the case.
Two senior US lawmakers blasted a Washington-based foundation for secretly accepting money from Chinese telecommunications giant Huawei Technologies Co., saying the move “flies in the face” of efforts to keep foreign adversaries from compromising US research.
KKR & Co.-backed software company OneStream has confidentially filed with the US Securities and Exchange Commission for an initial public offering that could come within a few months, according to people with knowledge of the matter.
The East African country is host to Chinese, French and US naval bases — but it has warned Washington not to use its territory to confront Houthi militants attacking global trade.
Take-Two Interactive Software Inc. announced a fall 2025 release date for its highly anticipated Grand Theft Auto VI video game and reduced its bookings forecast for the current fiscal year as a result.
Crescent Energy Inc. agreed to buy SilverBow Resources Inc., a rival oil and gas producer that’s in a proxy fight with its largest shareholder, for $2.1 billion.
The first Hong Kong exchange-traded funds investing directly in crypto have so far failed to spark the kind of excitement that greeted rival US products, a blow for the city’s push to foster a preeminent digital-asset hub.
Chancellor of the Exchequer Jeremy Hunt will pledge to reduce UK taxes after a looming UK general election if his governing Conservatives come out on top, in a speech Friday in which he’ll also reiterate an ambition to eliminate the country’s national insurance payroll tax.
The Bank of Japan may raise its benchmark interest rate as many as three more times this year, with the next move potentially coming as early as June given how much room there is to adjust its “excessively” easy settings, according to a former BOJ chief economist.
The US government is open to easing sanctions on billionaire mining magnate Dan Gertler if he gives up his business operations and assets in the Democratic Republic of Congo, where Washington’s interest in critical minerals has run up against his problematic royalties ownership.
Uruguay’s central bank left its benchmark interest rate unchanged at 8.5% on Thursday with a view to keep inflation near the midpoint of the target range and guide inflation expectations lower.
Applied Materials Inc., the largest US maker of chipmaking machinery, failed to impress investors with its latest forecast following a rally in the shares this year.
The Texas grid operator said that there’s the potential for emergency conditions early next week because of a risk of low power reserves.
GameStop Corp. and AMC Entertainment Holdings Inc. slumped for a second day as the meme-stock frenzy that gripped markets earlier this week faltered.
Firefighters gained control of one wildfire near the main oil-sands region of Alberta on Wednesday, but continued to battle a much larger blaze to the south that’s threatening the area’s biggest city.
The US will ask suppliers next month to bid on contracts for as much as $3.4 billion of domestically produced nuclear reactor fuel, according to a government notice.
As Boeing Co.’s board searches for a chief executive officer to steer the US planemaker out of its worst crisis in years, directors are intent on finding a leader who can make a fresh start — meaning deep aerospace experience isn’t necessarily required.
Lockheed Martin Corp.’s F-35 stealth fighter won’t be able to fly its most advanced missions until 2025 because of delays to a problem-plagued $1.8 billion upgrade, Congress’s audit agency said.
The US Supreme Court upheld the Consumer Financial Protection Bureau’s funding system, lifting a legal threat that could have derailed an agency set up after the 2008 financial crisis to regulate mortgages and other consumer-finance products.
The parent of Citrix Systems Inc. is exploring a sale of content-collaboration platform ShareFile, according to people with knowledge of the matter, as the software maker starts to streamline under its private equity owners.
Amgen Inc. won US approval for a new drug to treat a particularly aggressive form of advanced lung cancer, providing a badly needed new option for patients when chemotherapy stops working.
Renaissance Technologies LLC, the quantitative fund founded by the late Jim Simons, loaded up on shares of meme-stock darlings AMC Entertainment Holdings Inc. and GameStop Corp. ahead of the latest rally.
Unauthorized use deprives Sony Music and its artists of “control and compensation” of their content, according to the company.
Spirit AeroSystems Holdings Inc. plans to lay off about 450 workers at its main campus in Wichita, Kansas, as it grapples with mounting losses and a slowdown in shipments to Boeing Co.
The world’s super-rich club now has 15 members with fortunes over $100 billion, the most on record, as they ride the waves of artificial intelligence, luxury goods and geopolitical shifts.
Posing as Americans, North Korean technology workers secured remote work contracts with hundreds of US companies as part of a scheme to help fund Pyongyang’s illicit nuclear weapons and missile programs, the US government said on Thursday.
President Joe Biden has exerted executive privilege over recordings from the investigation into his handling of classified documents, escalating a fight with congressional Republicans as a committee voted Thursday to hold Attorney General Merrick Garland in contempt of Congress.
When it comes to Bitcoin ETFs, it’s not just the retail trading crowd that’s taking the plunge. It’s now clear that hedge funds, pension funds and banks have also sprinkled capital into the exchange-traded funds after their blockbuster debut that was more than a decade in the making.
Billionaire investor David Tepper loaded up on beaten-down Chinese stocks last quarter while reducing stakes in high-flying US tech firms, leading hedge fund managers who are slowly warming up to China amid a record gap in valuations between the two markets.
A string of reports this week illustrated a slow start for the US economy in the second quarter, adding to evidence that demand is cooling which will help set the stage for the Federal Reserve to cut interest rates.
Canadian point-of-sale firm Lightspeed Commerce Inc. said founder Dax Dasilva will stay on as chief executive officer as the company seeks to focus on the next phase of its growth.
Virginia Beach tapped the municipal bond market to help fund a surf-park development backed by multi-Grammy award winning artist Pharrell Williams.
The Brazilian government is weighing additional measures to help combat the fallout from historic floods in the state of Rio Grande do Sul, just days after unveiling a 52 billion reais ($10 billion) aid plan.
Italian renewables group ERG SpA is planning to expand its footprint in the US through selective partnerships, aiming to make the most of the generous incentives offered by the country.
Lovo Inc., a synthetic speech startup, was hit with a proposed class action Thursday alleging the company misappropriated voiceover actors’ voices and deceptively promoted its product as legally marketing their use.
Battery-powered school buses in Oakland, California, are expected to cut emissions and supply enough electricity to the grid for at least 300 homes.
It was just two years ago that Kim Kardashian caused a stir online after walking down the Met Gala’s red carpet with the iconic nude mesh dress Marilyn Monroe wore when she sang “Happy Birthday, Mr. President” to John F. Kennedy.
United Airlines Holdings Inc. said it can begin the process to add new planes and routes again after the Federal Aviation Administration indicated it would ease restrictions, a sign of progress after a series of safety issues led to a clampdown on the carrier’s operations.
Top US regulators are pushing ahead with a bid to boost oversight of investment funds managed by bank trust departments, Securities and Exchange Commission Chair Gary Gensler said Thursday.
Serbia’s real estate deal with a company linked to Donald Trump’s son-in-law Jared Kushner has triggered outrage among local groups opposed to US investors redeveloping a prime location in the capital that was bombed by NATO a quarter century ago.
Biogen Inc.’s Chief Executive Officer is searching for smaller deals to expand its treatment portfolio as the company prepares for a future that he expects will be highly dependent on Alzheimer’s disease drugs.
The International Monetary Fund criticized the Biden administration’s decision to aggressively raise tariffs on some Chinese goods, underscoring its warning that tensions between the world’s top two economies risk hurting global trade and growth.