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U.S.-China Trade Talks to commence on Thursday
Deputy-level U.S.-China Trade Talks are scheduled to commence in Washington on Thursday, U.S. Trade Representative’s (UTSR) office said, paving the way for high-level talks in October aimed to resolve a bitter, 14-month trade war. However, a UTSR spokesman had not offered any more details about the deputy-level talks.
The head of the UTSR said that it would be difficult to secure an agreement fully addressing U.S. demands for sweeping changes to China’s intellectual property and technological transfer practices, market access, and subsidy issues.
Leading the Chinese delegation in the trade talks will be Vice Finance Minister Liao Min with UTSR’s Lighthizer and U.S. Treasury Secretary Steven Mnuchin expected to meet with China’s top trade negotiator, Vice Premier Liu He in early October.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...
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