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Fed leaves key interest rate unchanged, and is keeping a close eye on coronavirus
Stressing the U.S. economy is in good shape, the Federal Reserve on Wednesday left unchanged a key interest rate that influences borrowing costs, but it also said it is closely monitoring the severity of the deadly coronavirus and the potential for the illness to disrupt the global economy.
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Coronavirus: Death toll rises as virus spreads to every Chinese region
The death toll of the coronavirus has risen to 170 and with a confirmed case in Tibet, the virus has now spread to every region in mainland China.
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HKEX Mulls Delaying Financial Reporting Over Outbreak
Half of the companies listed on the mainland-dominated bourse in Hong Kong could face delayed financial results due to the ongoing coronavirus outbreak.
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China, Hong Kong & US each fast-track coronavirus vaccine
U.S. health officials are fast-tracking work on a coronavirus vaccine, hoping to start an early-stage trial within the next three months, the Trump administration said Tuesday.
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Hong Kong Partially Closes Border With Mainland China As Virus Deaths Mount
Authorities in Hong Kong on Tuesday shut down rail connections from mainland China on Tuesday as the number of deaths in the Wuhan coronavirus epidemic passed 100.
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China reports 5,974 confirmed cases of new coronavirus pneumonia, 132 deaths
Chinese health authorities announced Wednesday that 5,974 confirmed cases of pneumonia caused by the novel coronavirus had been reported in 31 provincial-level regions by the end of Tuesday. A total of 132 people have died of the disease.
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Wuhan virus: Toll in China jumps to 25 dead, with 830 confirmed cases 8 cities in Hubei closed
China reported that deaths from a new coronavirus rose to 25, from 18, as it rushes to halt the Sars-like disease, even as the World Health Organisation (WHO) stopped short of calling the infection a global health emergency.
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US officials see EU, British trade deals in 2020
US Commerce Secretary Wilbur Ross and US Treasury Secretary Steven Mnuchin said in several television interviews that they expected to finalize agreements with those allies in 2020.
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Coronavirus rapidly spreading, 17 dead, about 550 infected in China; Wuhan is quarantined
A new coronavirus is rapidly spreading in China, with state-run media reporting Wednesday that 17 people have died and about 550 patients have been infected in the country, up by more than 200 from the previous day, as cases have also been confirmed elsewhere in Asia and the United States.
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Trump: Hong Kong is Part of China Trade Talks
President Donald Trump said on Jan. 22 that China’s human rights record and the pro-democracy movement in Hong Kong are part of phase two trade discussions with China, in response to reporter question.
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China remains second largest FDI recipient in 2019
China remained the world's second-largest recipient of foreign direct investment (FDI) in 2019 with FDI inflow up 5.8 percent year on year to 941.5 billion yuan (137.24 billion U.S. dollars) in 2019, the Ministry of Commerce said Tuesday.
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Moody's Downgrades HSBC Holdings, Hang Seng Bank as Unrest in Hong Kong Weighs on Economy
Alessandro Roccati, a senior vice president at Moody's London office, said in a statement on Wednesday that the negative outlook on HSBC Holdings is evidenced by potential downcast profitability in the next two years in "a more difficult operating environment in Hong Kong and the rest of the region."
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Moody’s downgrades Hong Kong, blames government response to protests
Hong Kong’s reputation as a global business hub was dealt a fresh blow Monday after Moody’s downgraded a key rating, blaming a lack of government response to months of popular protests and China’s increased influence over the city’s institutions.
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China confirms coronavirus can pass person-to-person as fourth death reported
The Chinese official investigating a pneumonia outbreak stemming from a new coronavirus said the disease can spread from person to person but can be halted with increased vigilance, as authorities on Tuesday confirmed a fourth death. The outbreak has spread from the central city of Wuhan to cities including Beijing and Shanghai, with more than 200 cases reported so far.
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Minister: Germany needs China’s Huawei to build 5G network
BERLIN (AP) — Germany’s interior minister is suggesting that his country can’t build a 5G mobile network without Chinese tech giant Huawei, at least for now, intervening in an issue that has caused tensions between the U.S. and its allies.
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201 cases of SARS-like virus reported throughout China, officials say
In Wuhan, where the virus began to spread, 198 cases have been reported, according to the Wuhan Municipal Health Commission. Two people have tested positive in Beijing, according to reports on Weibo, citing the Beijing Daxing Health Commission, and one person has tested positive in Shenzhen, according to the Guangdong Province Health Commission.
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China GDP growth last year was 6.1 per cent, slowest rate for 29 years
China’s economy grew by 6.1 per cent in 2019, the lowest growth rate since political turmoil ravaged the country in 1990, the government announced on Friday
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Visa, Mastercard, AmEx win easier access to China market
The biggest U.S. card companies just moved a step closer to gaining access to China’s $27 trillion payments market. China said it won’t take longer than 90 days to consider applications from providers of electronic-payments services such as Mastercard, Visa and American Express Co., according the text of a landmark trade agreement with the U.S. It should be an especially welcome reprieve for Mastercard and its partner NetsUnion Clearing Corp., which set up a venture in March that is still awaiting approval from the People’s Bank of China to begin operations.
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Wuhan disease can spread between humans: experts
Hong Kong medical experts have discovered the Wuhan pneumonia disease can be transmitted between humans after a woman was apparently infected by her husband.
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The U.S.-China trade deal was signed -- costly tariffs will stay in place, but billions more in sales are promised
The U.S.-China trade deal that President Donald Trump and China's Vice Premier Liu He signed on Wednesday provides an escape clause for either country to withdraw if a dispute cannot be resolved through high-level talks. That’s one of the many details tucked in the 86-page agreement.