Edition:
United States

Yuan

China's central banker says yuan level 'appropriate', trade tensions risk to global economy

Photo

WASHINGTON China's top central banker said on Saturday that potential escalation of trade tensions and policy uncertainty were the major risk factors facing the world economy, and market forces were keeping China's yuan at an appropriate level.

Huawei's third-quarter revenue jumps 27% as smartphone sales surge

SHENZHEN, China/SHANGHAI Huawei Technologies Co Ltd's third-quarter revenue jumped 27%, driven by a surge in shipments of smartphones launched before a trade blacklisting by the United States expected to hammer its business. | Video

Oct 16 2019

U.S. 'deeply concerned' about untrackable China ships carrying Iran oil: officials

WASHINGTON The White House is warning Chinese shipping companies against turning off their ships' transponders to hide Iranian oil shipments in violation of U.S. sanctions, two senior administration officials said.

Oct 16 2019

U.S.-China currency deal won't change dollar-yuan dynamics: experts

WASHINGTON A U.S.-China currency agreement being floated as a symbol of progress in this week's trade talks between the world's two largest economies would largely repeat past pledges by China, currency experts say, and will not change the dollar-yuan relationship that has been a thorn in the side of President Donald Trump.

Oct 11 2019

U.S. expands blacklist to include China's top AI startups ahead of trade talks

WASHINGTON/SHANGHAI The U.S. government widened its trade blacklist to include some of China's top artificial intelligence startups, punishing Beijing for its treatment of Muslim minorities and ratcheting up tensions ahead of high-level trade talks in Washington this week. | Video

China, Tech Oct 09 2019

China's tourists cut back foreign travel over 'Golden Week', choose patriotic destinations at home

BEIJING Chinese mainland tourists cut back on trips and spending abroad during the long "Golden Week" holidays in early October, with a weaker yuan, political turmoil in Hong Kong and global tensions dampening their enthusiasm to travel too far from home.

Oct 08 2019

WTO win won't sway United States from its combative trade stance

BRUSSELS President Donald Trump has hailed a ruling by the World Trade Organization (WTO) that gives the United States the right to hit Europe with tariffs, but his new-found satisfaction with the WTO's rules-based approach is expected to prove short-lived.

Its leash lengthened, China's yuan flirts with trade war role

BEIJING/HONG KONG China, having let the yuan cross the once sacred red line of 7 per dollar, will allow its currency to fall further and may even risk U.S. anger by using it as a bargaining chip in already thorny trade talks, market participants believe.

Sep 26 2019

Huawei's device business earned 11 billion yuan in first half of 2019: filing

HONG KONG Huawei Technologies' device business, comprising mainly smartphones, made a 11 billion yuan ($1.55 billion) profit in the first half of this year - as much as it earned in all of 2018 - a rare regulatory filing showed.

Sep 12 2019

Huawei plans first onshore bonds totaling 6 billion yuan

(Corrects issuer name to Huawei Investment Holdings from Huawei in paragraph 2 of this Sept. 11 story.)

Tech, China Sep 12 2019

The yuan charge

Participants wait to perform a dragon dance during a mass fitness programme outside the National Stadium, also known as the Bird's Nest, in Beijing June 20, 2009.

The Obama administration is taking China head on over the yuan. As Congress comes closer to punishing Beijing for not letting the currency strengthen more rapidly, Reuters explains the factors behind the yuan's sudden gains.   Document