Chinese financial institutions can cope with foreign competition: central bank
Chinese financial institutions are completely capable of coping with foreign competition as the $40 trillion financial sector is freed up, the central bank said on Thursday, after China and the United States signed a initial deal on trade.
Japan’s Rakuten, Walmart’s Seiyu to open logistics site as online sales jump
Japanese online retailer Rakuten and Walmart’s Seiyu said they plan to open a new logistics site in Yokohama later this year to deal with growing sales from their joint online supermarket business.
Trade deal touts financial sector wins; China to scrap securities business cap faster
The long-awaited U.S.-China trade deal touted wins for U.S. companies looking to access China’s $40 trillion financial sector, but many of the changes were already in the works, with Beijing having stepped up the pace of liberalization last year.
Factbox: How China tariffs on U.S. commodities, energy stand after Phase 1 trade deal
China and the United States have agreed to terms of a Phase 1 trade deal on Jan 15 but Beijing has not reduced or waived tariffs on any commodities or energy further.
U.S. energy exports to climb as China pledges ramp-up in purchases
U.S. oil and gas exports should jump over the next two years if China fulfills its pledges to increase energy purchases under the trade deal between the world’s two largest economies signed on Wednesday, executives and traders said.
Doubts linger after U.S. and China sign initial trade deal
China will boost spending on U.S. products in exchange for the rolling back of some tariffs under an initial trade deal signed by the world’s two largest economies on Wednesday, defusing an 18-month row but leaving numerous thorny issues unresolved.
Oil gains after U.S.-China trade deal, rise in inventories
Oil prices rose on Thursday after the signing of an initial Sino-U.S. trade deal that sets the stage for a surge in Chinese purchases of American energy products, while U.S. crude inventories fell more than expected.
Ex-Nissan boss Carlos Ghosn’s lawyer Hironaka resigns: NHK
Ousted Nissan Motor Co boss Carlos Ghosn’s lawyer, Junichiro Hironaka, has resigned following his client’s flight to Lebanon, NHK reported on Thursday, citing comments from the lawyer.
World stocks pause at record peak as markets assess U.S.-China deal
World stocks inched ahead to a record high on Thursday after the United States and China signed an initial deal to defuse their 18-month trade war, though financial markets were wary as a number of thorny issues remained unresolved.
U.S.-China deal could hurt Malaysia palm oil exports to China: Malaysian official
Malaysia’s palm oil exports to China jumped 33.9% in 2019 to 2.49 million tonnes but Beijing’s latest trade deal with the United States could limit gains this year, a Malaysian palm official said on Thursday.
