China won’t weaken currency to boost exports, premier says
China will not engage in competitive currency devaluations, Premier Li Keqiang stressed, hours after China hit back, with a softer punch than the one landed by the United States, in an escalating tariff war between the world’s largest economies.
Renault, VW and Fiat Chrysler sales surged before stiffer EU emissions tests
Renault, Volkswagen and Fiat Chrysler led a 29.8 percent European car sales surge last month, the main regional industry body said, as automakers used discounts to clear inventory ahead of tougher emissions tests.
Asia rises as stimulus hopes lift Chinese stocks amid trade row
Asian stocks rose across the board on Wednesday as expectations that Beijing would implement stimulus to soften the economic blow from the Sino-U.S. trade war helped Chinese shares rally.
China’s Tencent Music halves U.S. IPO to $2 billion: sources
Tencent Music Entertainment Group , China’s biggest music-streaming company, has halved the amount it is seeking to raise in a U.S. listing to about $2 billion, according to three people close to the deal.
Inside China’s strategy in the soybean trade war
The executive from one of China’s biggest soybean crushers sat on a panel at a Kansas City agricultural exports conference, listening to an expert beside him explain why China would remain dependent on U.S. soybeans to feed its massive hog herds.
Factbox: China’s low-soy pig diet and the impact on soybean use
China’s agriculture industry and government are aiming to put the nation’s vast pig herd on a low-soymeal diet to reduce the country’s reliance on U.S. soybean imports, a move that would send shudders across the U.S. farmbelt and beyond. [L3N1VJ3WE]
AstraZeneca plots China robot offensive to counter price cuts
With smart cancer diagnostics, one-stop-shop diabetes kits and AI systems to improve ambulance pick-ups for patients with chest pain, AstraZeneca aims to move from simply supplying drugs to become a broad healthcare provider in China.
Asian firms’ confidence sinks to near three-year low on trade war fears: Thomson Reuters/INSEAD poll
Confidence among Asian companies slumped to the weakest in almost three years in the third quarter as businesses feared blowback from a worsening global trade war, a Thomson Reuters/INSEAD survey showed.
Asian stocks, U.S. Treasury yields climb as trade row fails to dent confidence
Asian stocks rose across the board and long-term U.S. Treasury yields hovered near four-month highs on Wednesday with investors looking past the latest escalation in the U.S.-China trade feud, seen by some market participants as less severe than expect…
Asian firms’ confidence sinks to near three-year low on trade war fears: Thomson Reuters/INSEAD
Confidence among Asian companies slumped to the weakest in almost three years in the third quarter as businesses feared blowback from a worsening global trade war, a Thomson Reuters/INSEAD survey showed.
