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☆ Oil falls more than 1% on higher US crude stocks as market watches Middle East
▼ + stars: | 2024-10-23 | by ( ) www.cnbc.com time to read: +3 min

Brent crude futures dropped $1.08, or 1.42%, to close at $74.96 a barrel. U.S. West Texas Intermediate crude futures shed 97 cents, or 1.35%, to settle at $70.77 a barrel. "The large crude oil inventory build this week is offsetting the drop last week. Also pressuring oil prices, the dollar index rose on Wednesday to its highest since late July. The impact of the crude stocks build on prices was countered somewhat by persistent concerns over potential oil supply risk from conflict in the Middle East.

Persons: paring, Andrew Lipow, Antony Blinken's, Blinken, Yeap Jun Rong Organizations: Brent, . West Texas, Energy Information Administration, Lipow Oil Associates, ING Locations: East, Israel, Gaza, Lebanon, Middle, U.S, Milton, Lebanese

☆ Trump won't say if he wants Ukraine to win the war; Blinken visits Kyiv on long-range strikes
▼ + stars: | 2024-09-11 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Yuliya-Talmazan-Circle-Byline-Template.Jpg | Yuliya Talmazan | ) www.nbcnews.com time to read: +2 min

Ukraine woke Wednesday to a glaring display of the potentially expanding range — and possible limits — of American support. Hours after former President Donald Trump refused to say whether he wanted the U.S. ally to win the war against Russia, Kyiv welcomed Washington's top diplomat — hoping he will bring a long-awaited shift on its use of long-range weapons. President Joe Biden hinted Tuesday that Kyiv might be about to get what it wants after months of resistance from the White House. Trump was asked twice whether or not he wants Ukraine to win the war, but on both occasions he skirted the question. His response may heighten concerns in Kyiv that a Trump administration would remove U.S. support and seek an end to the war on terms favorable to Russia.

Persons: Donald Trump, —, Antony Blinken's, Kamala Harris, David Lammy, Mark Schiefelbein, Joe Biden, “, ” Biden, Harris, Trump, Vladimir Putin “, “ Putin, ” Trump Organizations: Ukraine, British, Getty Locations: U.S, Russia, Ukraine, Kyiv, AFP, Russia's Kursk, Moscow

☆ Zelenskyy says the problem with the coming F-16 fighter jets is the same one Ukraine had with the Abrams tanks
▼ + stars: | 2024-07-11 | by ( Chris Panella | Jake Epstein | ) www.businessinsider.com time to read: +6 min

Read previewWestern-provided F-16 fighter jets are on their way to Ukraine and set to start flying missions later this summer. But they may not yet be enough to make a difference on the battlefield, Ukrainian President Volodymyr Zelenskyy indicated in a discussion this week on what Ukraine needs, comparing the jets to the US-made Abrams tanks that Ukraine got last fall. "The problem with F-16," the Ukrainian president said, "is the number and the dates." The US sent only 31 M1A1 Abrams in total, and they were delivered to Ukraine months after British and German tanks. For comparison, Ukraine received about 300 US-made Bradley infantry fighting vehicles, nearly ten times more than the number of Abrams sent.

Persons: —, Volodymyr Zelenskyy, Abrams, Bret Baier, Zelenskyy, Derek Seifert, Zelenskky, haven't, Michael Currie, Antony Blinken's, it's, Zachariah Lopez, Jake Sullivan Organizations: Service, Business, Fox News, Reagan Institute, Abrams Ukraine, NATO, Egyptian, Force, US Air Force, US, Abrams, Bradley, Getty, Ukraine —, Ukrainian Air Force, Osan Air Base, US Air Force Tech, White, National Locations: Ukraine, Ukrainian, Washington , DC, Russia, Egypt, Denmark, Netherlands, Soviet, South Korea

☆ Blinken's China visit went 'well and predictably,' says professor
▼ + stars: | 2024-04-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBlinken's China visit went 'well and predictably,' says professorGraham Allison, Douglas Dillon professor of government at Harvard University and former assistant secretary of defense for policy and plans under the first Clinton administration, discusses U.S. Secretary of State Antony Blinken's visit to China and says "we're in a period of fairly intense conversations between the parties, and the relationship is becoming slightly more stable, even though fundamentally it remains a struggle between competition on the one hand and cooperation on the other."

Persons: Graham Allison, Douglas Dillon, Clinton, Antony Blinken's Organizations: Harvard University, U.S Locations: China

☆ The US relationship with China is entering a dangerous era. Time may be running out to save it.
▼ + stars: | 2024-04-26 | by ( Tom Porter | ) www.businessinsider.com time to read: +5 min

There was a risk, he said, that US-China relations could "return to a downward spiral." As such, the US-China relationship appears to have entered a dangerous period, and time may be running out to save it. The US has handed Ukraine billions in aid and military support to resist the invasion, with a new $61 billion bill passing this week. AdvertisementBlinken said he raised concerns about China's support for Russia in its invasion of Ukraine. Blinken will have to overcome several hurdles for US-China relations to improve.

Persons: —, Antony Blinken's, Xi Jinping, Wang Yi, Xi, Joe Biden, Ali Wyne, Wang, Blinken, Ian Bremmer Organizations: Service, Business, US, West, International Crisis, Russia, Eurasia Group, Bloomberg Locations: China, Ukraine, loggerheads, Taiwan, Washington, Beijing, US, Western Europe, Russia

☆ CFRA's Michael Froman on trade conflict with China: There's a real train wreck coming here
▼ + stars: | 2024-04-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCFRA's Michael Froman on trade conflict with China: There's a real train wreck coming hereMichael Froman, Council on Foreign Relations President and former U.S. Trade Representative in the Obama administration, joins 'Squawk Box' to discuss Secretary of State Antony Blinken's trip to China, state of U.S.-China relations, impact of a potential TikTok ban, and more.

Persons: Michael Froman, Obama, Antony Blinken's Organizations: Foreign Relations, U.S . Trade Locations: China, U.S

☆ Video shows the moment Antony Blinken winces after Biden calls China's Xi a dictator, upending months of careful diplomacy
▼ + stars: | 2023-11-16 | by ( Tom Porter | ) www.businessinsider.com time to read: +2 min

President Joe Biden and China's Xi Jinping sought to smooth relations at a meeting Wednesday. Yet hours after the carefully choreographed event, Biden described Xi as a "dictator." AdvertisementA video has captured the moment US Secretary of State Antony Blinken winces after President Biden calls Chinese leader Xi Jinping a "dictator". REPORTER: "Would you still refer to President Xi as a dictator?" AdvertisementBlinken appeared to be taken aback, having laid the groundwork for Wednesday's meeting with months of careful diplomacy.

Persons: Joe Biden, China's Xi Jinping, Biden, Xi, Antony Blinken's, —, Antony Blinken winces, Xi Jinping, He's, BIDEN, — Moshe Schwartz, Biden's, Blinken, Marco Carnelos, Mao Ning Organizations: Service, APEC, Chinese Communist Party, Reuters Locations: China, San Francisco, Italian, Taiwan

Brendan Smialowski | Afp | Getty ImagesBEIJING — U.S. President Joe Biden and Chinese President Xi Jinping have agreed to resume high-level military communication, according to both countries. China's Defense Ministry declined a call with its U.S. counterpart in early February after the discovery of an alleged Chinese spy balloon over U.S. airspace. The balloon incident delayed U.S. Secretary of State Antony Blinken's highly anticipated trip to China by more than four months. U.S. Secretary of Defense Lloyd Austin will meet with his Chinese counterpart when the Chinese defense chief is selected, a senior Biden administration official told reporters after the Biden-Xi summit. A readout published by Chinese state media added the resumption of such military talks was "on the basis of equality and respect," according to a CNBC translation.

Persons: Joe Biden, Xi Jinping, Brendan Smialowski, Biden, Antony Blinken's, Blinken, Li Shangfu, Defense Lloyd Austin, presser, China's, I'm, that's, Xi Organizations: Economic Cooperation, Afp, Getty, American, China's Defense, U.S, Defense, Biden, CNBC, Trade Locations: San Francisco, Asia, BEIJING, U.S, China, Taiwan, South, Philippines, Singapore, Pacific, Hawaii, Indonesia, Beijing

☆ North Korea vows more offensive response to US 'threats' -KCNA
▼ + stars: | 2023-11-15 | by ( Soo-Hyang Choi | ) www.reuters.com time to read: +3 min

Song Kyung-Seok/Pool via REUTERS Acquire Licensing RightsSEOUL, Nov 16 (Reuters) - North Korea on Thursday criticised a recent visit to South Korea by top U.S. defence officials and vowed more "offensive" responses to what it called military threats from the United States and its allies, state media reported. During Austin's visit, South Korea and the United States revised a bilateral security agreement aimed at deterring North Korea's advancing nuclear and missile threats. South Korea's defence ministry said the revision was necessary because the existing strategy did not adequately address rapid advancements in North Korea's missile and nuclear programs. Austin's visit followed U.S. Secretary of State Antony Blinken's trip to South Korea last week. North Korea and Russia have denied any arms deals, though their leaders pledged closer military cooperation at their September summit.

Persons: Defense Lloyd Austin, South Korean Defense Minister Shin Won, sik, Kyung, Defense Lloyd Austin's, Austin's, Antony Blinken's, Jin, Yoko Kamikawa, Soo, hyang Choi, Chris Reese, Cynthia Osterman, Gerry Doyle Organizations: Defense, South Korean Defense Minister, United Nations Command, UNC, Defense Ministry, REUTERS Acquire, Rights, DPRK, Democratic People's, United, Pentagon, U.S . State Department, U.S . Defense Security Cooperation Agency, South Korean Foreign, Thomson Locations: South Korea, Seoul, Rights SEOUL, North Korea, United States, Defense Lloyd Austin's Seoul, DPRK, Democratic People's Republic of Korea, Korea, Republic of, Russia, San Francisco

☆ Biden-Xi summit could be last chance to stabilize U.S.-China relationship: Op-ed
▼ + stars: | 2023-11-10 | by ( Dewardric L. Mcneal | ) www.cnbc.com time to read: +11 min

Presently, this relationship faces more challenges than it has encountered in the past two decades. They must also rebuild the essential habits of cooperation to address the existential challenges that have arisen. However, this deep-rooted reliance underscores their vulnerability to disruptions and uncertainties in the ever-shifting landscape of U.S.-China relations. Such a shift toward stability isn't just beneficial for these corporations but stands to bolster the overall bilateral relationship between the two nations. The summit could be the final chance to stabilize the relationship, demonstrating to domestic audiences in both countries and global stakeholders that a workable, if not entirely ideal, management framework for China-U.S. relations is possible.

Persons: Joe Biden, Xi Jinping, John Kerry, Paul J, Richards, Xi, Biden, Antony Blinken's, Janet Yellen, Gina Raimondo, Chuck Schumer, Gavin Newsom's, Yellen, Dewardric McNeal Organizations: China, Department of State, AFP, Getty, Biden, Asia Pacific Economic Conference, U.S, APEC Summit, Apple, Nike, Caterpillar, Longview Global, CNBC Locations: Washington ,, United States, China, U.S, Taiwan, Bali ., California, Ukraine, Israel, Gaza, South China, San Francisco, China's, Francisco

Humanitarian agencies have lost contact with aid workers in Gaza, as the Palestinian enclave faces its third communications blackout of the Israel-Hamas war, according to operators. Earlier in the day, the IDF said its soldiers had reached the coast as part of an effort to encircle Hamas forces and strike targets in Gaza. Hezbollah leader Hassan Nasrallah spoke on Friday about the October 7 Hamas attacks and ensuing war in Gaza. IDF accuses Hamas of using civilian infrastructure: The Israeli military released what it said was evidence of Hamas using civilian infrastructure, including hospitals and children’s playgrounds, as shields for its attacks on Israel. Hostages in Gaza: The Israeli military’s current count of hostages being held by Hamas is 240, Hagari, the Israel Defense Forces' spokesperson, said Sunday.

Persons: Paltel, Daniel Hagari, Antony Blinken's, Blinken, Mohammed Shia, Hassan Nasrallah, Hezbollah’s, ” Organizations: Facebook, United Nations, Palestine Red Crescent Society, Israel Defense Forces, CNN, IDF, Iraqi, Hamas, Palestinian, West Bank, Palestinian Authority, Turkish, Air Force, Anadolu Agency, Humanitarian Relief Foundation, " Police Locations: Gaza, Israel, Palestine, Sderot, Blinken, Iraq, Sudani, Baghdad, Jordan, Ramallah, Turkey, Lebanon, Iran, Turkish, United States, Anadolu

☆ Anti-war protesters interrupt Sec. Blinken's testimony on Capitol Hill
▼ + stars: | 2023-10-31 | by ( Christian Nunley | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAnti-war protesters interrupt Sec. Blinken's testimony on Capitol HillAnti-war protesters repeatedly interrupted Secretary of State Antony Blinken's testimony on Capitol Hill during a Senate hearing. The Secretary of State spoke before the Senate Appropriations Committee to call for more funding for Israel and Ukraine. The protesters called for a cease-fire in Israel before being removed by police.

Persons: Antony Blinken's Organizations: Capitol, State Locations: Israel, Ukraine

CNN —The United States has decided to send controversial depleted uranium munitions to Ukraine for the first time, as part of a new aid package worth more than $1 billion announced Wednesday. Here’s what you need to know about depleted uranium munitions – and why their use has sparked questions. What is depleted uranium? But depleted uranium is extremely dense, making it a highly effective projectile. When depleted uranium munitions strike a tank’s armor, it can ignite and produce uranium dusts or aerosol particles, which, if inhaled, can enter the bloodstream and may cause kidney damage.

Persons: ” Edward Geist, Antony Blinken's, –, Sabrina Singh, ”, Singh, “, Joe Biden’s, Vladimir Putin, …, ” Putin, Putin, Sergei Ryabkov Organizations: CNN, Abrams, RAND Corporation, RAND, Associated Press, US, International Atomic Energy Agency, IAEA, United Nations, Pentagon, United, British Army Locations: United States, Ukraine, Washington, Kyiv, Moscow, Here’s, United Kingdom, “, West, Russia

☆ US to send controversial depleted-uranium munitions to Ukraine
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: +2 min

Cezary Aszkielowicz/ Agencja Wyborcza.pl via REUTERS Acquire Licensing RightsSept 6 (Reuters) - The Pentagon on Wednesday announced a new security assistance package worth up to $175 million for Ukraine, including depleted uranium ammunition for Abrams tanks, the first time the U.S. is sending the controversial armor-piercing munitions to Kyiv. Reuters was first to report last week that the rounds, which could help destroy Russian tanks, would form part of a new military aid package for Ukraine, which Russian forces invaded in February 2022. Although Britain sent depleted uranium munitions to Ukraine earlier this year, this would be the first U.S. shipment of the ammunition and will likely stir controversy. Washington previously announced it would send cluster munitions to Ukraine, despite concerns over the dangers such weapons pose to civilians. The use of depleted uranium munitions has been fiercely debated, with opponents like the International Coalition to Ban Uranium Weapons saying there are dangerous health risks from ingesting or inhaling depleted uranium dust, including cancers and birth defects.

Persons: Cezary, Wyborcza.pl, Antony Blinken's, Blinken, Washington, Costas Pitas, Mike Stone, Kanishka Singh, Ronald Popeski, Rami Ayyub, Eric Beech, Grant McCool Organizations: Abrams, REUTERS Acquire, Pentagon, Reuters, High Mobility Artillery Rocket Systems, International Coalition, Thomson Locations: U.S, Szczecin, Poland, Ukraine, Kyiv, Russian, Ukrainian, Washington, United States

☆ U.S., China agree to double weekly flights between countries
▼ + stars: | 2023-08-11 | by ( ) www.cnbc.com time to read: +4 min

Sources said U.S. airlines are not expected to immediately take advantage of all 18 weekly flights. China Eastern 600115.SS, Xiamen Airlines and China Southern 600029.SS also fly scheduled service to the U.S., while United Airlines UAL.N, American Airlines AAL.O and Delta Airlines DAL.N currently operate passenger flights to China. The 24 weekly flights are still a fraction of the more than 150 round-trip flights allowed by each side before restrictions were imposed in early 2020 due to the COVID-pandemic. Previously, only eight weekly flights by Chinese carriers were allowed. Reuters reported in June Chinese airlines were avoiding flying over Russian airspace in newly approved flights to and from the U.S. but still using Russian airspace for other flights.

Persons: New York John F, Biden, USDOT, Antony Blinken's, United, Today's Organizations: Air, Air China Boeing, New York, Kennedy International Airport, U.S . Transportation Department, Reuters, Embassy, State Department, . Air, SS, Xiamen Airlines, United Airlines UAL.N, American Airlines, Delta Airlines, Airlines for America Locations: Air China, New, Jan, U.S, China, Beijing, Washington, Japan, South Korea, Australia, . Air China, Los Angeles . China, Shanghai

☆ US, China agree to double weekly flights between countries
▼ + stars: | 2023-08-11 | by ( David Shepardson | ) www.reuters.com time to read: +4 min

Sources said U.S. airlines are not expected to immediately take advantage of all 18 weekly flights. China Eastern (600115.SS), Xiamen Airlines and China Southern (600029.SS) also fly scheduled service to the U.S., while United Airlines , American Airlines (AAL.O) and Delta Airlines (DAL.N) currently operate passenger flights to China. The 24 weekly flights are still a fraction of the more than 150 round-trip flights allowed by each side before restrictions were imposed in early 2020 due to the COVID-pandemic. Previously, only eight weekly flights by Chinese carriers were allowed. Reuters reported in June Chinese airlines were avoiding flying over Russian airspace in newly approved flights to and from the U.S. but still using Russian airspace for other flights.

Persons: Dado Ruvic, Biden, USDOT, Antony Blinken's, United, Today’s, David Shepardson, Marguerita Choy Organizations: REUTERS, U.S . Transportation Department, Reuters, Embassy, State Department, . Air China, Xiamen Airlines, United Airlines, American Airlines, Delta Airlines, Airlines for America, Thomson Locations: U.S, China, Beijing, Washington, Japan, South Korea, Australia, Los Angeles . China, Xiamen, Shanghai

☆ China has a new foreign relations law. Here's what it means for business
▼ + stars: | 2023-07-11 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

Vcg | Visual China Group | Getty ImagesBEIJING — For foreign businesses in China, geopolitics hold more sway than new Chinese laws, according to analysts. Two new laws, one on espionage and the other on foreign relations, took effect July 1. In strictly legal terms, however, the legislative changes themselves don't increase the risk for foreign businesses in China, said Jeremy Daum, senior fellow at Yale Law School's Paul Tsai China Center. The website's translation of the Foreign Relations Law notes that foreign organizations in China "must not endanger China's national security, harm the societal public interest, or undermine societal public order." A House committee delegation discussed China business in their meeting with executives of high-profile U.S. tech and media companies in California in April.

Persons: Jeremy Daum, Yale Law School's Paul Tsai, Antony Blinken's, Michael House, Perkins, Daum, Mintz, It's, Alex Liang Anjie, Michael Hart, he's, Hart, Janet Yellen, Jens Eskelund, Alex Liang Organizations: Visual China, Getty, Yale Law, Yale Law School's Paul Tsai China Center, U.S, China, Foreign Relations, Mintz Group, Bain, Capvision Partners, Reuters, American Chamber of Commerce, Treasury, Companies, EU Chamber of Commerce Locations: BEIJING, China, Beijing, Washington, U.S, Shanghai, California, Broad

☆ Despite significant disagreements between China and the US, the world is 'big enough for both countries to thrive': Janet Yellen
▼ + stars: | 2023-07-10 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

Treasury Secretary Janet Yellen concluded her trip to China on Sunday with an appeal for both nations to find 'a way to live together.' 'We believe that the world is big enough for both of our countries to thrive,' she said. We believe that the world is big enough for both of our countries to thrive," she said, according to a transcript of her speech on Sunday. John Kerry, the U.S. special envoy for climate change, is slated for a visit to China later this month, per Bloomberg. Despite Yellen's optimism, at least one analyst feels that relations between the US and China remain tenuous.

Persons: Janet Yellen, Yellen, Biden, Yellen's, Antony Blinken's, Xi Jinping, John Kerry, Vishnu Varathan Organizations: Service, US, of Commerce, Eurasia Group, Biden, U.S, Bloomberg, Mizuho Bank's Locations: China, Wall, Silicon, Mizuho Bank's Asia, Oceania

☆ Yellen's China visit: Communication channels are a 'pressure release,' lawyer says
▼ + stars: | 2023-07-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailYellen's China visit: Communication channels are a 'pressure release,' lawyer saysReid Whitten, managing partner at Sheppard Mullin, says the "through line" for U.S. Treasury Secretary Janet Yellen's and U.S. Secretary of State Antony Blinken's visits to China is the desire to open channels of communication.

Persons: Reid Whitten, Sheppard Mullin, Janet Yellen's, Antony Blinken's Organizations: Treasury Locations: China

☆ Yellen had a 'constructive visit' to China with opportunities for 'more frequent contacts' in the future, she says
▼ + stars: | 2023-07-09 | by ( Ashley Capoot | ) www.cnbc.com time to read: +3 min

U.S. Treasury Secretary Janet Yellen arrived in Beijing on July 6, 2023, for her first visit under the Biden administration. For instance, just days before Yellen's visit, Beijing slapped export curbs on chipmaking metals and compounds. Yellen said China is also taking steps to address concerns about a slowing economy, and that there are opportunities for American businesses to profit. But even so, she said national security remains a priority for the U.S."China has an enormous market. "But there are areas where national security really demands that the most advanced technologies with military applications, we need to withhold to protect our own national security.

Persons: Janet Yellen, Biden, Antony Blinken's, Joe Biden, Xi Jinping, Yellen, Yellen's, who've, — CNBC's Clement Tan Organizations: Treasury, APEC, CBS, China's Ministry of Commerce, U.S Locations: Beijing, China, U.S, New Delhi, San Francisco, Bali, Europe

☆ Yellen's visit to China is 'crucial' to U.S.-China engagement, professor says
▼ + stars: | 2023-07-07 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +2 min

watch nowU.S. Treasury Secretary Janet Yellen's visit to China is "crucial" to ensuring that both countries continue talking to each other, said Eswar Prasad, an economics professor at Cornell University. "The crucial element, which is embodied in Janet Yellen's visit, is that the two sides keep talking on technical levels, but also at the very senior policy levels," Prasad told CNBC's "Squawk Box Asia" on Friday. Tensions between the two countries have shot up in recent years, since the U.S.-China trade war started in 2018 during the Trump-era. Her visit comes weeks after Secretary of State Antony Blinken's visit to Beijing — the first high-level meeting between the two countries after months of tensions. US Treasury Secretary Janet Yellen arrives at Beijing Capital International Airport in Beijing on July 6, 2023.

Persons: Janet Yellen's, Eswar Prasad, Prasad, CNBC's, Yellen, Premier Li Qiang, Liu He, Yi Gang, Antony Blinken's, Janet Yellen, Mark Schiefelbein, Biden, Andy Rothman, Matthews, Rothman Organizations: Treasury, Cornell University, U.S ., Trump, Premier, Treasury Department, Beijing Capital International Airport, Afp, Getty, CNBC, Matthews Asia Locations: China, U.S, Beijing, Washington

☆ Janet Yellen arrives in Beijing on mission to find common ground for U.S. and China
▼ + stars: | 2023-07-06 | by ( Clement Tan | ) www.cnbc.com time to read: +2 min

U.S. Treasury Secretary Janet Yellen landed in Beijing July 7 on a four-day trip aimed at finding common ground for a mutually beneficial economic relationship between the world's two largest economies. Treasury Secretary Janet Yellen landed in Beijing Thursday on a four-day trip aimed at finding common ground as rivalry between the U.S. and China becomes increasingly adversarial. Before departing for China, Yellen had a "frank and productive discussion" with Xie Feng, the Chinese U.S. ambassador, according to the U.S. Treasury. In an April speech, Yellen stressed the importance of fairness in the U.S. economic competition with China. "A full cessation of trade and investment would be destabilizing for both of our countries and the global economy."

Persons: Janet Yellen, Andrew Sheng, Antony Blinken's, Yellen, Xie Feng Organizations: Treasury, University of Hong, Asia Global Institute, CNBC, U.S, U.S . Treasury, Treasury Department, U.S . Locations: Beijing, Asia, China, Europe, Chinese, People's Republic of China, U.S

☆ Investors in China will have to factor in a higher risk premium in light of U.S.-China tensions: UBP
▼ + stars: | 2023-06-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors in China will have to factor in a higher risk premium in light of U.S.-China tensions: UBPVey-Sern Ling, senior equity advisor at UBP, discusses U.S. Secretary of State Antony Blinken's visit to Beijing and says business sentiment in China is "clearly negative," especially for foreign businesses.

Persons: UBP, Sern Ling, Antony Blinken's Organizations: Investors, U.S Locations: China, U.S, Beijing

☆ Morning Bid: Nevermind the cricket, here's inflation
▼ + stars: | 2023-06-21 | by ( ) www.reuters.com time to read: +2 min

A look at the day ahead in European and global markets from Tom WestbrookBritish inflation figures this morning could take traders' minds off England's cricket defeat, should they show the slowdown that economists are hoping for. But a bit the questions Australia's comeback at Edgbaston has asked about England's aggressive new cricketing style, an upside inflation surprise can upset the policy outlook. In Asia, China's slowdown and the lack of big-bang stimulus had markets on the slide. Later on Wednesday, Federal Reserve Chair Jerome Powell appears before the U.S. Congress where he will be quizzed about policymakers' projections for two more interest rate hikes this year. Key developments that could influence markets on Wednesday:British inflation dataFed Chair Jerome Powell speaksReporting by Tom Westbrook; Editing by Jacqueline WongOur Standards: The Thomson Reuters Trust Principles.

Persons: Tom Westbrook, Joe Biden, Antony Blinken's, Jerome Powell, Jacqueline Wong Organizations: Reuters, Bank of England, Edgbaston, U.S, U.S . Congress, Thomson Locations: Asia, California, China

☆ China's modest rate cut sends stocks lower
▼ + stars: | 2023-06-20 | by ( Joice Alves | ) www.reuters.com time to read: +4 min

LONDON, June 20 (Reuters) - European stocks and U.S. futures fell on Tuesday after China cut interest rates by less than expected and the market awaited more detail on Beijing's plans to shore up a stuttering economic recovery. The People's Bank of China lowered the medium-term lending facility rate on Thursday last week. "The meeting helped improve sentiment, but the market also understands that there's strategic competition between the U.S. and China," said Redmond Wong, Greater China market strategist at Saxo Markets. A central banker on Tuesday also hinted there was room for policy adjustment from the current path of aggressive rate hikes. Gold edged up 0.1% to $1,951.74 as the dollar index eased at 102.45 but lacked clear momentum as traders awaited U.S. Federal Reserve Chair Jerome Powell's testimony later this week for more direction on the interest rate path.

Persons: Susannah Streeter, Hargreaves Lansdown, Xi, Rodrigo Catril, Issei Kato, Antony Blinken's, Redmond Wong, Jerome Powell's, Brent, Joice Alves, Selena Li, Anisha, Susan Fenton, Jason Neely Organizations: Hargreaves, People's Bank of, National Australia Bank, REUTERS, Citi, U.S, Saxo Markets, Reserve Bank, Australia's, Bank of England, Federal, Thomson Locations: China, Asia, U.S, Beijing, People's Bank of China, Tokyo, Japan, United States, Greater China, German, London, Hong Kong, Bengaluru

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