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Foreign inflows into U.S. Treasuries in 2019 hit largest in 7 years: data
Foreign buying of Treasuries in 2019 hit their largest level in seven years, data from the U.S. Treasury Department showed on Tuesday, as Japanese and euro zone investors sought higher-yielding U.S. government debt in a world of negative interest rates.
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HSBC to cut 35,000 jobs as profits fall by a third
Bank aiming to slash £3.5bn in costs as part of major corporate overhaul
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HSBC sees annual profit slump by 33%
HSBC has said its profits for 2019 fell by 33%, mainly due to its investment and commercial banking operations in Europe.
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Macao casinos set to reopen after being shuttered amid coronavirus outbreak
Dozens of casinos in Macao, the world's biggest gambling hub, are expected to reopen on Thursday.
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Apple warns of coronavirus causing iPhone shortages
Apple has warned of global “iPhone supply shortages” resulting from its Chinese factories being shut because of the coronavirus outbreak.
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China coronavirus outbreak: China reports 2,048 new infections, pushing the overall number to at least 70,548.
China's National Health Commission announced on Monday morning that the death toll from the coronavirus outbreak in mailand China reached 1,770 as of the end of Sunday, up by 105 from the previous day.
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FDI into China climbs in January
Foreign direct investment (FDI) from non-financial sectors into the Chinese mainland grew by 4 percent year-on-year to 87.57 billion yuan ($12.68 billion) in January this year, according to data released by the Ministry of Commerce.
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White House considering tax incentive for more Americans to buy stocks, sources say
As part of a forthcoming package of proposed tax cuts, the White House is considering ways to incentivize U.S. households to invest in the stock market, according to four senior administration officials familiar with the discussions.
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U.S. soybean shipments to China fall to 10-month low
U.S. soybean exports to China fell to their lowest in nearly 10 months as the coronavirus outbreak has raised concerns about demand from the world's top buyer of the oilseed, the U.S. Agriculture Department said on Thursday.
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S&P Global gives China rating warning over virus spending splurge
S&P Global warned China on Thursday that its credit rating or its outlook could be downgraded if the government tried to offset the economic impact of the coronavirus with a
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Alibaba posts 58% gain in quarterly profit, warns coronavirus crisis will impact revenues
On Thursday, Alibaba reported revenue of 161.5 billion yuan (US$23.2 billion) in its fiscal third quarter, up 38% from 117.3 billion yuan a year ago. That improvement was made on the back of steady growth at its core commerce and cloud computing businesses, despite a slowdown in the domestic economy and China’s protracted trade war with the US.
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USDA waiting to hear from China if coronavirus will reduce U.S. farm purchases
China has not informed the United States of any delays or reductions of its planned purchases of U.S. agricultural goods under the Phase 1 trade deal due to the outbreak of coronavirus, U.S. Department of Agriculture Under Secretary of Trade Ted McKinney said on Wednesday.
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Coronavirus: Sharp increase in deaths and cases in Hubei
Some 242 deaths from the new coronavirus were recorded in the Chinese province of Hubei on Wednesday - the deadliest day of the outbreak. There was also a huge increase in the number of cases, with 14,840 people diagnosed with the virus. Hubei has started using a broader definition to diagnose people - which accounts for most of the rise in cases.
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Powell says Fed will aggressively use QE to fight next recession
Federal Reserve Chairman Jerome Powell said Wednesday the central bank would fight the next economic downturn by buying large amounts of government debt to drive down long-term interest rates, a strategy that has been dubbed quantitative easing, or QE.
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Alibaba Blocked From Hong Kong Stock Connect Program
Chinese e-commerce titan Alibaba Group Holding (BABA) - Get Report cannot be included in a stock connect program that allows mainland Chinese investors to buy shares in Hong Kong, according to a report.
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A Chinese Drugmaker Has Started Mass-Producing an Experimental Drug for COVID-19
A Chinese drugmaker said it has started mass-producing an experimental drug from Gilead Sciences that has the potential to fight the novel coronavirus, as China accelerates its effort to find a treatment for the widening outbreak.
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Xi warned officials that efforts to stop virus could hurt economy
Chinese President Xi Jinping warned top officials last week that efforts to contain the new coronavirus had gone too far, threatening the country’s economy, sources told Reuters, days before Beijing rolled out measures to soften the blow.
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US stops treating India, China as developing countries for trade benefits
Geneva: The Trump administration is changing a key exemption to America’s trade-remedy laws to make it easier to penalize about two dozen so-called developing countries including China, India and South Africa.
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Sony and Amazon pull out of Mobile World Congress due to coronavirus risk
Sony and Amazon have cancelled their presence at Mobile World Congress 2020 due to the coronavirus outbreak. LG, ZTE, Nvidia, and Ericsson have already cancelled various events that were set to take place at MWC in Barcelona, which is the biggest mobile technology trade show on the annual calendar. Following Sony and Amazon’s decision, TCL also announced it would not be holding a press conference at the show, but the company still plans to attend.
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Hundreds of Chinese businesses seek billions in loans to contend with coronavirus
More than 300 Chinese companies are seeking bank loans totaling at least 57.4 billion yuan ($8.2 billion) to help to soften the impact of the coronavirus outbreak, two banking sources said.