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Outbreak Will Not Change China'S Commitments To Buy U.S. Goods -Senior U.S. Official
The U.S. government expects China to honor its commitments to buy more U.S. goods under a trade deal signed by the world's two largest economies in January despite the fast-spreading coronavirus outbreak, a senior U.S. official said on Thursday.
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Tokyo to cancel or postpone major indoor events for next three weeks
The Tokyo Metropolitan government said it will to cancel or postpone major indoor events planned for the next three weeks as Japan tries to halt the spread of the coronavirus, Jiji newswire reported.
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China to cut RMB500 bn insurance fees to help firms amid coronavirus outbreak
China is expected to cut pension contributions and insurance fees by more than 500 billion yuan ($71.27 billion) this year, government officials said on Thursday, as it seeks to help companies weather the coronavirus outbreak.
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Chinese Aviation Authority Supporting Airline-Saving Measures
Earlier this month, the Civil Aviation Administration of China said it would promote and allow measures that allow airlines to continue to stay afloat as the country’s aviation industry is plagued by the lack of travel resulting from the novel coronavirus that has filled up headlines.
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China's one-year loan prime rate drops 10 bps
China's one-year loan prime rate (LPR) came in at 4.05 percent Thursday, down from 4.15 percent a month earlier, according to the National Interbank Funding Center.
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Tesla may use cobalt-free EV batteries for Chinese cars
Electric cars may help automakers achieve a world of zero tailpipe emissions, but the batteries that power them certainly come with strings attached. Namely, cobalt: Mining the element takes a serious toll not only on the environment, but also on the impoverished countries it comes from, such as the Democratic Republic of Congo.
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Hong Kong Jobless Rate Highest In Over 3 Years, reaching 3.4%
Hong Kong's unemployment rate rose 0.1 percentage points to 3.4 percent for the November to January period, the highest level since 2016, as businesses struggled from the anti-government protests and from the disruption caused by the coronavirus outbreak.
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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.