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☆ Russia relishes divisions between China and the U.S., pouring cold water on Xi-Biden talks
▼ + stars: | 2023-11-15 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +8 min

Russian President Vladimir Putin speaks during his press conference at the Konstantin Palace on July 29, 2023 in Saint Petersburg, Russia. Russian media have already reveled in pouring cold water on the Asia-Pacific Economic Cooperation (APEC) summit where Xi and Biden are due to meet Wednesday. Russian President Vladimir Putin was not invited due to U.S. sanctions so Deputy Prime Minister Alexei Overchuk is representing Russia at the summit. A range of Russian newspapers including Kommersant, Izvestia, Argumenty i Fakty, Nezavisimaya Gazeta and Komsomolskaya Pravda did not feature any news on the APEC summit or Xi-Biden talks. China's President Xi Jinping and U.S. President Joe Biden at the G20 Summit in Nusa Dua on the Indonesian island of Bali on Nov. 14, 2022.

Persons: Vladimir Putin, Konstantin, Xi Jinping, Joe Biden, Xi, Biden, Katherine Tai, Tai, David Paul Morris, Xi's, Alexei Overchuk, Dmitry Peskov, Kamala Harris, Kent Nishimura, Komsomolskaya, Putin, — Xi, Sergei Guneyev, Ian Bremmer, Saul Loeb Organizations: Getty, U.S, Economic Cooperation, Novosti, APEC, U.S . Trade, Russian Federation, San Francisco International Airport, American, Bloomberg, Getty Images Bloomberg, Israel, Kremlin, SAN FRANCISCO, Merchant Exchange Club, Tass, Kommersant, Izvestia, Gazeta, Komsomolskaya Pravda, Sputnik, AFP, West, Analysts, Eurasia Group, China's, Afp Locations: Saint Petersburg, Russia, Russian, San Francisco, China, Beijing, Washington, Moscow, Asia, United States, San Francisco , California, Ukraine, Pacific, U.S, CALIFORNIA, Taiwan, Nusa Dua, Indonesian, Bali

☆ China President Xi meets Biden for the first time in a year
▼ + stars: | 2023-11-15 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

BEIJING — U.S. President Joe Biden and Chinese President Xi Jinping met Wednesday outside of San Francisco in their first face-to-face encounter in a year. "We have to ensure that competition does not veer into conflict," Biden said at the start of the summit. "Critical global challenges we face, from climate change to counternarcotics to artificial intelligence, demand our joint efforts." Biden and Xi were widely expected to discuss issues such as curbing fentanyl flows into the U.S., safe use of artificial intelligence, and U.S. restrictions on Chinese access to high-end tech. "For two large countries like China and the United States, turning their back on each other is not an option," Xi said in his opening remarks.

Persons: Joe Biden, Xi Jinping, Biden, Xi Organizations: Economic Cooperation, U.S Locations: BEIJING, U.S, San Francisco, Asia, China, United States

☆ China objects to US proposal for APEC trade and investment policies -source
▼ + stars: | 2023-11-15 | by ( David Lawder | ) www.reuters.com time to read: +2 min

[1/2] U.S. Trade Representative Ambassador Katherine Tai speaks during an APEC Ministerial Meeting (AMM) Opening Session in San Francisco, California, U.S., November 15, 2023. REUTERS/Brittany Hosea-Small Acquire Licensing RightsSAN FRANCISCO, Nov 15 (Reuters) - China is objecting to a U.S. proposal for Asia Pacific Economic Cooperation members to incorporate sustainability and inclusivity into their trade and investment policies, a source briefed on the negotiations said on Wednesday. Talks on the issue were continuing at the APEC summit in San Francisco to try to find language that the group's 21 member states could agree on, the source said. U.S. Trade Representative Katherine Tai told a trade-focused plenary meeting she hoped the proposal, dubbed by the Biden administration as the "San Francisco Principles for Integrating Inclusivity and Sustainability into Trade and Investment Policy" could be still be finalized. Nonetheless, I remain optimistic that economies will finalize the San Francisco Principles soon."

Persons: Katherine Tai, Brittany Hosea, Biden, Tai, Joe Biden, Xi Jinping, David Lawder, Jonathan Oatis Organizations: . Trade, REUTERS, FRANCISCO, Asia Pacific Economic Cooperation, APEC, San Francisco, Trade, Investment, European Union, Thomson Locations: San Francisco , California, U.S, China, San Francisco

REUTERS/Cheriss May/File Photo Acquire Licensing RightsWASHINGTON, Nov 15 (Reuters) - U.S. lawmakers asked Apple Inc to explain the abrupt end of political comedian Jon Stewart's television show on its streaming service, according to a letter made public on Wednesday, citing concerns that content related to China was behind the cancellation. The New York Times reported last month that Stewart's show on Apple's streaming service was ending, the result of creative differences. The newspaper said Stewart told members of his staff that potential show topics related to China and artificial intelligence were causing concern to Apple executives. The letter asked representatives of Apple for a briefing on its concerns by Dec. 15, 2023. U.S. lawmakers have long expressed concerns about potential Chinese government censorship given the ruling Communist Party’s strict media controls.

Persons: Jon Stewart, Mark Twain, Cheriss, Jon Stewart's, Stewart, Tim Cook, Apple, Michael Gallagher, Raja Krishnamoorthi, Xi Jinping, Joe Biden, Patricia Zengerle, Stephen Coates Organizations: The Kennedy Center, REUTERS, Rights, Apple Inc, New York Times, Apple, Times, Republican, Democratic, Chinese Communist Party, CCP, Economic Cooperation, Thomson Locations: Washington , U.S, China, San Francisco, Asia, U.S

[1/5] Protesters taunt people in suit, during a rally in opposition to the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S. November 15, 2023. REUTERS/Loren Elliott Acquire Licensing RightsSAN FRANCISCO, Nov 15 (Reuters) - Protesters took to the streets of San Francisco early on Wednesday morning ahead of a meeting between U.S. President Joe Biden and Chinese President Xi Jinping, obstructing some entrances to the APEC conference. Global leaders and CEOs of major U.S. corporations will all be at the Asia Pacific Economic Cooperation (APEC) forum in San Francisco, offering tempting targets to protest. Protesters supporting spiritual group Falun Gong, which is banned in China, lined motorcade entry points into the convention center area. Supporters of China also turned out near where Biden and Xi will meet, waving Chinese and U.S. flags as well as posters with both flags together.

Persons: Loren Elliott, Joe Biden, Xi Jinping, Biden, Pema Doma, Xi, ”, Gong, Xi's, Ann Saphir, Peter Henderson, Josie Kao Organizations: Economic Cooperation, REUTERS, FRANCISCO, APEC, Global, Asia Pacific Economic Cooperation, Police, Chinese Communist Party, U.S . Department of Homeland Security, U.S, Secret Service, Thomson Locations: Asia, San Francisco , California, U.S, San Francisco, Israel, Tibet, United States, China, Francisco

☆ China-linked ETFs draw bullish options bets ahead of Biden-Xi meet
▼ + stars: | 2023-11-15 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +3 min

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 15, 2023. Other large China-focused ETFs, including the iShares MSCI China ETF (MCHI.O), KraneShares CSI China Internet ETF (KWEB.P), also showed upbeat options activity, according to Trade Alert data. "It certainly seems that there is generally bullish positioning ahead of the meeting," said Steve Sosnick, chief strategist at Interactive Brokers, noting that the positions had been built up over several days. Reuters GraphicsInvestors' nascent enthusiasm for Chinese stocks is at odds with how these ETF's have performed this year. Daniel Kirsch, head of options at Piper Sandler, said recent bullish options flows into KWEB may be to do with a combination of enthusiasm ahead of the Biden-Xi meeting as well as results from Chinese e-commerce companies JD.com and Alibaba .

Persons: Brendan McDermid, Joe Biden's, Xi Jinping, Steve Sosnick, Biden, Xi, Sosnick, Daniel Kirsch, Piper Sandler, JD.com, Kirsch, Saqib Iqbal Ahmed, Suzanne McGee, Ira Iosebashvili, Jonathan Oatis Organizations: New York Stock Exchange, REUTERS, U.S, iShares, KraneShares CSI China Internet, Interactive, Federal, Economic Cooperation, Reuters Graphics Investors, Research, Biden, Thomson Locations: New York City, U.S, China, KraneShares, San Francisco, Asia

☆ New Hampshire sets primary date for Jan. 23, defying Biden's order
▼ + stars: | 2023-11-15 | by ( Jarrett Renshaw | ) www.reuters.com time to read: +2 min

The dispute between New Hampshire and the Democratic Party also means Biden’s name will be missing from the New Hampshire presidential primary ballot this year. Biden ousted Iowa and New Hampshire from the first spots on the party's nominating calendar in favor of South Carolina, a more diverse state. Biden credits South Carolina and its large Black population with catapulting him to the White House in 2020. The winner of the New Hampshire primary is not expected to get any delegates necessary to secure the nomination, making South Carolina the first vote of any consequence. For Democrats, South Carolina’s primary will be on Feb. 3, followed by Nevada’s on Feb. 6.

Persons: Joe Biden disembarks, Brittany Hosea, Joe Biden, Biden, Nevada’s, Jarrett Renshaw, Bill Berkrot Organizations: Air Force, San Francisco International Airport, APEC, Economic Cooperation, REUTERS, U.S, Democratic Party, Democratic National Committee, Democratic, New, Iowa, Biden, South, White House, Republican, Thomson Locations: Asia, San Francisco , California, U.S, New Hampshire, South Carolina, Iowa, Nevada

☆ Biden Calls Xi a Dictator After Carefully Planned Summit
▼ + stars: | 2023-11-15 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +2 min

Biden held a solo news conference after four hours of talks with Xi on the outskirts of San Francisco. At the end of the news conference, he was asked whether he still held the view that Xi was a dictator, something he said in June. Xi is considered the most powerful Chinese leader since Mao Zedong, after a decade of consolidating power in policy-making and the military, and stifling media freedoms. When Biden made a similar dictator reference in June, China called the remarks absurd and a provocation. Xi told Biden that the negative views of the Communist Party in the United States were unfair, a U.S. official told reporters after the meeting.

Persons: Trevor Hunnicutt, Jeff Mason WOODSIDE, Joe Biden, Xi Jinping, Biden, Xi, He's, Mao Zedong, Steve Holland, Heather Timmons, Stephen Coates Organizations: National People's Congress, Economic Cooperation, Communist Party, U.S Locations: Jeff Mason WOODSIDE , California, Beijing, San Francisco, United States, Asia, San Francisco ., Tibet, Hong Kong, China, Wednesday's

☆ South Korea's Yoon to warn APEC about risks from North Korea-Russia ties
▼ + stars: | 2023-11-15 | by ( Soo-Hyang Choi | ) www.reuters.com time to read: +3 min

South Korean President Yoon Suk-yeol gives a speech on the government budget at the National Assembly in Seoul, South Korea, 31 October 2023. Washington has said North Korea is supplying military equipment to Russia for use in its war with Ukraine, while Moscow is providing technical support to help North Korea advance its military capabilities. North Korea and Russia have denied any arms deals, though their leaders pledged closer military cooperation at their September summit. In San Francisco, Blinken held talks with his South Korean and Japanese counterparts on Tuesday and vowed a coordinated response to the North Korea-Russia cooperation. South Korea and China are also in talks for a possible meeting between their leaders, Seoul's foreign ministry said.

Persons: Yoon Suk, JEON HEON, Yoon, Antony Blinken, Defense Lloyd Austin, Austin, Washington, Alexander Kozlov, Blinken, Fumio Kishida, Soo, hyang Choi, Ed Davies, Stephen Coates Organizations: South, National Assembly, Rights, APEC, Economic Cooperation, Associated Press, U.S, Defense, China, Economic, Japanese, Stanford University, Thomson Locations: Seoul, South Korea, Rights SEOUL, United States, North Korea, Russia, San Francisco, Gaza, Ukraine, Moscow, Korea, Russian, Pyongyang, China

WOODSIDE, Calif. (AP) — President Joe Biden and Chinese President Xi Jinping greeted each other with a warm handshake Wednesday as they met on the sidelines of the Asia-Pacific Economic Cooperative conference. The two leaders last spoke a year ago, and since then, already fraught ties between the nations have been further strained. Biden and Xi were speaking behind closed doors at the Filoli Historic House and Garden, which features a Georgian revival-style mansion and a formal, English Renaissance-style garden. The pair opened their face-to-face meeting in the San Francisco Bay area with a solid handshake. The two leaders made the comments Wednesday after shaking hands in their first face-to-face meeting in more than a year.

Persons: Joe Biden, Xi Jinping, Xi, Biden, Michael Douglas, Bourn, Roth, David Fincher’s, Douglas, ’ “ I’m, ”, “, haven’t, ” Biden, ” Xi, they’re, Wednesday's, Aamer Madhani Organizations: Pacific Economic Cooperative, APEC, Biden, Trust for Historic, Biden Biden, U.S, Moscone Center, Tibet, CCP, Chinese Communist Party, White, Xi, Associated Press Locations: WOODSIDE, Calif, Asia, East, Europe, Taiwan, China, Francisco, Woodside , California, San Francisco, United States, San Francisco Bay, Hong Kong, “ Tibet, Bali

☆ US and China pledge to resume climate working group, ramp up renewables ahead of Biden-Xi summit
▼ + stars: | 2023-11-15 | by ( Nectar Gan | Ella Nilsen | ) edition.cnn.com time to read: +6 min

The two sides decided to “operationalize” a suspended bilateral working group to “engage in dialogue and cooperation to accept concrete climate actions” in this decade, according to the statement. That working group was first proposed by Kerry and Xie in 2021 at the United Nations climate summit in Glasgow, but has been on hold since August last year. Both countries agreed to economy-wide reductions of all greenhouse gases in their international climate commitments for 2035, including carbon dioxide, methane, and hydrofluorocarbons. Li Shuo, the director of China Climate Hub at the Asia Society Policy Institute, said China’s pledge to set release targets for all greenhouse gas emissions was arguably the most notable point in the statement. Non-carbon dioxide gases such as methane still account for a considerable share of China’s greenhouse gas emissions,” he said.

Persons: Joe Biden, Xi Jinping, John Kerry, Xie Zhenhua, Kerry, Xie, ”, Li Shuo, China’s, you’re, Li Organizations: CNN, Economic Cooperation, US State Department, China’s Ministry of Ecology, United, “, Asia Society Policy Institute, UN, Asia Society Locations: United States, China, San Francisco, Asia, Beijing, Washington, Taiwan, California, United Nations, Glasgow, Dubai, COP28, UAE

These are then smuggled into the United States, the officials say. Last month, the United States imposed sanctions on 28 people and entities involved with the international proliferation of illicit drugs, including a large China-based network. Biden is also due to meet with Mexican President Andres Manuel Lopez Obrador in San Francisco. In San Francisco, state and local officials have tried to clean up drugs from the city's streets, with limited success. "We know San Francisco - and cities across the United States - will benefit from more targeting of the trafficking and production of fentanyl worldwide," a spokesperson for Breed said in a statement.

Persons: Joe Biden, Xi Jinping, Biden, Xi, Mike Odeh, Jake Sullivan, Washington, General Merrick Garland, Andres Manuel Lopez Obrador, Alicia Barcena, Brooke Jenkins, Mayor London Breed, Breed, Michael Martina, Sayantani Ghosh, Michelle Nichols, Josie Kao Organizations: Customs, Port, U.S . Customs, FRANCISCO, U.S, Economic Cooperation, United, city's, APEC, U.S . Centers for Disease Control, Prevention, . National, Washington, Biden, Institute of Forensic Science, China's Ministry of Public Security, Commerce, San Francisco . Mexican Foreign, Mayor London, Thomson Locations: Arizona, Mexico, Nogales , Arizona, U.S, Asia, Pacific, San Francisco, United States, China, CHINA, MEXICO, Washington, San Francisco . Mexican, Francisco's

The Transamerica Pyramid building is seen as tourists ride a cable car in downtown San Francisco, California, U.S., July 7, 2023. San Francisco has been waging for years a multi-pronged war on drugs and related crime, homelessness and unaffordable housing. "They do this for the Superbowl, they do this for conferences ... but nothing ends homelessness like a home," Boden said. The city has a homelessness rate of 887 people per 100,000 residents, according to a 2023 report from the San Francisco controller's office on 16 American cities. Reporting by Peter Henderson and Anna Tong in San Francisco; Editing by Sayantani Ghosh and Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

Persons: Carlos Barria, Joe Biden's, Christopher Crandall, he'd, He'd, Gavin Newsom, Biden, China's Xi, Paul Boden, " Boden, Tesla, Elon Musk, Trevor Chandler, I’ve, Peter Henderson, Anna Tong, Sayantani Ghosh, Stephen Coates Organizations: REUTERS, FRANCISCO, Economic Cooperation, United Nations, Police, APEC, Western Regional Advocacy, San, Fox News, Twitter, Thomson Locations: San Francisco , California, U.S, Asia, San Francisco, California, Francisco, Oakland, Los Angeles

President Joe Biden on Wednesday announced his administration secured agreements with China to resume military communications and combat fentanyl after his first in-person meeting with Chinese President Xi Jinping in a year. “Vital miscalculations on either side can cause real, real trouble with a country like China – or any other major country,” Biden said. During the press conference, Biden added that he believes the ultimate answer to the war in Gaza is a two-state solution. Biden mentioned he raised concerns about China’s human rights and tension between China and the Philippines in the South China Sea. Overall, though, Biden presented an optimistic view about future relations with China.

Persons: Joe Biden, Xi Jinping, Biden, ”, “ I’m, ” Xi, “, ” Biden, “ It's, Xi's, that’s Organizations: Wednesday, Economic Cooperation, U.S, Western, State Department Locations: China, United States, Asia, San Francisco, U.S, Beijing, Ukraine, Israel, Gaza, Taiwan, Philippines, South China

☆ China's plan to seize on global chaos and supplant the US may be working
▼ + stars: | 2023-11-15 | by ( Tom Porter | ) www.businessinsider.com time to read: +8 min

China's Xi Jinping and President Joe Biden are meeting in San Francisco at the APEC summit. AdvertisementPresident Joe Biden seems keen to ease tensions with his main global rival, China's leader Xi Jinping, against a backdrop of global chaos and conflict. Russia's President Vladimir Putin and Chinese President Xi Jinping pose with heads of delegations participating in the Third Belt and Road Forum in Beijing on October 18, 2023. Sun, the Stimson Center expert, said Xi will be seeking to use the meeting to burnish his image as a global statesman and head off China's economic woes. But whatever agreements Xi brokers with the US president it's unlikely to change his core mission: Chinese global dominance.

Persons: China's Xi Jinping, Joe Biden, —, Xi Jinping, SERGEI, Jonathan Ward, Vladimir Putin, Biden, Xi, Putin, GRIGORY SYSOYEV, Ward, Yun Sun, Jeremy Chan, SAUL LOEB, Xi's, it's Organizations: APEC, Service, Economic Cooperation, Getty Images, Atlas Group, Russia's, Forum, Stimson Center, Eurasia Group, Getty Locations: San Francisco, China, Ukraine, Asia, East, Russia, Iran, Getty Images China, Beijing, Gaza, Israel, Palestine, Europe, Ethiopia, Argentina, Nusa Dua, Bali, Taiwan

San Francisco, the host city of the Asia-Pacific Economic Cooperation — known as APEC, a group of 21 countries that surround the Pacific Ocean — would be too bottlenecked and too frenetic to host such a meeting. U.S. officials, given the mandate to plan a summit that would show Mr. Xi respect and keep him away from protesters, landed on the Filoli estate during their anxious planning process. It is set among the hills, one of the more isolated spots in a densely populated corner of California. The White House kept the location of the meeting secret until a day before, presumably to keep protesters from surrounding the venue. None were visible at the gates on Wednesday morning as Mr. Biden’s motorcade approached the locale, but some could be seen along the route from San Francisco.

Persons: Biden, Xi Jinping, Biden’s Organizations: Facebook, Economic Cooperation, APEC Locations: California, China, San Francisco, Asia

☆ Biden, Xi meet as US-China military, economic tensions grind on
▼ + stars: | 2023-11-15 | by ( Trevor Hunnicutt | ) www.reuters.com time to read: +5 min

Biden and Xi arrived in San Francisco on Tuesday, where they were set to hold their meeting on the sidelines the Asia-Pacific Economic Cooperation (APEC) summit. Xi and Biden are expected to meet far from the conference location at a vast estate miles outside of San Francisco carefully chosen for its security, serenity and remoteness. [1/2]U.S. President Joe Biden disembarks from Air Force One at San Francisco International Airport, as he arrives to attend the APEC (Asia-Pacific Economic Cooperation) Summit in San Francisco, California, U.S., November 14, 2023. Xi, a decade Biden's junior, has tightened control over policy, state leaders, the media and military and changing the constitution. Biden is expected to tell Xi that U.S. commitments in the Indo-Pacific are unchanged.

Persons: Joe Biden, Xi Jinping, Xi, Biden, China's, Mao, San Francisco, John Kirby, Joe Biden disembarks, Brittany Hosea, Trevor Hunnicutt, Steve Holland, Michael Martina, Jeff Mason, Heather Timmons, Stephen Coates Organizations: FRANCISCO, Biden, Economic Cooperation, Communist Party, Air Force, San Francisco International Airport, APEC, REUTERS, Rights, Washington, Thomson Locations: Taiwan, South China, Israel, Ukraine, North Korea, San Francisco, Asia, United States, Northern California, San, San Francisco , California, U.S, Rights IRAN, Iran, Washington, China . U.S, China, Europe, Russia, Beijing, Taiwan Strait, East China, Philippines

☆ U.S. and China vie for dominance in new 'a la carte' world order, survey finds
▼ + stars: | 2023-11-15 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

Pluralities of global citizens believe the West is in demise — with U.S. democracy and the European Union at risk of collapse within the next 20 years. They also find that increased economic ties with China are growing more appealing, according to polling of adults across 11 European countries and 10 non-European ones. For many, the conflict is considered a "proxy war" between the U.S. and Russia, with majorities in Russia, China, Saudi Arabia, and Turkey saying the two Cold War powers are "already at war." Almost half of respondents in the country say they feel pessimistic about the future of the U.S. This compares with majorities of nationals in India, Indonesia, China and Russia, who are optimistic about their countries.

Persons: Joe Biden, Xi Jinping, Saul Loeb, Xi, thinktank, Mark Leonard Organizations: Economic Cooperation, Afp, Getty, U.S, European Council, Foreign Relations, Oxford University, European Union Locations: Asia, San Francisco, China, Russia, Ukraine, Europe, U.S, Moscow, Saudi Arabia, Turkey, India, Indonesia

☆ US commerce secretary says closed three 'pillars' of Indo-Pacific talks
▼ + stars: | 2023-11-15 | by ( David Lawder | ) www.reuters.com time to read: +2 min

U.S. Commerce Secretary Gina Raimondo addresses the media during the Indo-Pacific Economic Framework meeting in Detroit, Michigan U.S. May 27, 2023. REUTERS/Rebecca Cook/File Photo Acquire Licensing RightsSAN FRANCISCO, Nov 14 (Reuters) - U.S. Commerce Secretary Gina Raimondo said a ministers meeting on Tuesday had completed three of four "pillars" in the Biden administration's Indo-Pacific Economic Framework talks on the sidelines of a Pacific Rim leaders summit. Raimondo, made the remark at a bilateral meeting with Japan, one of the 14 IPEF countries in the U.S.-led talks. We had an excellent ministerial earlier today, closing out the three pillars of the Indo-Pacific Economic Framework." U.S. Treasury Secretary Janet Yellen said on Monday the trade pillar negotiations will "require further work".

Persons: Gina Raimondo, Rebecca Cook, Raimondo, Yasutoshi Nishimura, Yoko Kamikawa, May, Biden, Janet Yellen, Xi Jinping, David Lawder, Christian Schmollinger Organizations: Commerce, Detroit , Michigan U.S, REUTERS, FRANCISCO, . Commerce, Biden, Pacific, Commerce Department, Economic Cooperation, Treasury, Thomson Locations: Detroit , Michigan, Japan, U.S, Asia, China . U.S, Lincoln

Oil pump jacks are seen at the Vaca Muerta shale oil and gas deposit in the Patagonian province of Neuquen, Argentina, January 21, 2019. REUTERS/Agustin Marcarian/File Photo Acquire Licensing RightsNov 15 (Reuters) - Oil prices rose in early Asian trade on Wednesday on Middle East tensions and a weaker dollar, while investors focused on inventory data after a two week delay in reporting. Brent futures rose 8 cents to $82.55 a barrel by 0013 GMT, while U.S. West Texas Intermediate (WTI) crude rose 2 cents to $78.28. The U.S. Energy Information Administration (EIA) will release its first oil inventory report in two weeks on Wednesday. A weaker dollar can boost oil demand by making crude cheaper for buyers using other currencies.

Persons: Agustin Marcarian, Brent, Al Shifa, Joe Biden, Xi Jinping, Miral Organizations: REUTERS, U.S, West Texas, Tuesday U.S, U.S . Energy Information Administration, American Petroleum Institute, International Energy Agency, U.S . Federal, U.S ., Asia Pacific Economic Cooperation, Thomson Locations: Vaca, Patagonian, Neuquen, Argentina, Gaza's, San Francisco

China detained the executive, named in several media reports as Hiroshi Nishiyama, on suspicion of espionage in March, and he was formally arrested last month. Japan's then foreign minister protested the executive's detention with his Chinese counterpart on a visit to Beijing in April. China's foreign ministry did not immediately respond to a request for comment. Half the respondents in a recent survey of Japanese companies doing business in China said they would cut investments this year. It's a very difficult point in time to be navigating that as a decision maker, in business or politics," he said.

Persons: Fumio Kishida, Xi Jinping, Rahm Emanuel, Hiroshi Nishiyama, Japan's, Xi, Masashi Mizobuchi, Nishiyama, Takeshi Niinami, Niinami, Stefan Angrick, Yukiko Toyoda, Kiyoshi Takenaka, John Geddie, Sakura Murakami, Francis Tang, Laurie Chen, Antoni Slodkowski, Andrew Silver, Lincoln Organizations: Economic Cooperation, Kyodo, drugmaker Astellas Pharma, APEC, Reuters, Japanese Chamber of Commerce, Japan Association of Corporate, Suntory, Moody's Analytics, Thomson Locations: Asia, Bangkok, Thailand, TOKYO, BEIJING, China, San Francisco, Tokyo, U.S, Japan, Beijing, officialdom, Shanghai

REUTERS/Carlos Barria/File Photo Acquire Licensing RightsSAN FRANCISCO, Nov 13 (Reuters) - U.S. Treasury Secretary Janet Yellen on Monday said negotiations on the trade section of the Indo-Pacific Economic Framework will need further work, a setback for the Biden administration which had hoped to announce substantial outcomes this week. Yellen told a news conference there has been "very substantial progress" on three of the four areas under discussion by the 14 IPEF member countries, but there are "remaining issues" on trade. She said there had been "significant progress" on the trade pillar, "but it looks not to be complete, like something that is likely to require further work." People familiar with the talks said that an announcement of outcomes is more likely on clean energy cooperation and anti-corruption pillars of the IPEF. Both agreed that the U.S. and China should seek fair trade relations and a level playing field on which their companies can compete, Yellen added.

Persons: Janet Yellen, Lifeng, Carlos Barria, Biden, Yellen, Joe Biden, IPEF, Donald Trump, David Lawder, Ann Saphir, Tom Hogue, Lincoln Organizations: Treasury, APEC, Economic Cooperation, REUTERS, FRANCISCO, . Treasury, Reuters, Asia Pacific Economic Cooperation, San Francisco . U.S, Pacific Partnership, Thomson Locations: U.S, Asia, San Francisco , California, Pacific, San Francisco ., China, CHINA, Beijing, San Francisco

U.S. Secretary of Treasury, Janet Yellen hosts a Finance Ministers? Meeting plenary at the APEC (Asia-Pacific Economic Cooperation) Summit in San Francisco, California, U.S. November 13, 2023. "This is a decision I disagree with," she said at a news conference at the close of the APEC Finance Ministers' Meeting in San Francisco, California. The ratings agency on Friday lowered its outlook on the U.S. credit rating to "negative" from "stable," citing large fiscal deficits and a decline in debt affordability. The rise in long-term interest rates would create a challenge to debt sustainability if it lasts, Yellen acknowledged.

Persons: Janet Yellen, Carlos Barria, Yellen, Biden, David Lawder, Ann Saphir, Tom Hogue Organizations: Treasury, Ministers, APEC, Economic Cooperation, REUTERS, FRANCISCO, . Treasury, Monday, APEC Finance, Internal Revenue Service, House Republicans, Thomson Locations: Asia, San Francisco , California, U.S

☆ Yellen says APEC finance ministers agree to expand output sustainably
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +1 min

U.S. Treasury Secretary Janet Yellen and Australian Treasurer Jim Chalmers (not pictured) hold a bilateral meeting during the APEC (Asia-Pacific Economic Cooperation) Summit in San Francisco, California, U.S. November 12, 2023. REUTERS/Carlos Barria/File Photo Acquire Licensing RightsSAN FRANCISCO, Nov 13 (Reuters) - U.S. Treasury Secretary Janet Yellen said that finance ministers from Asia-Pacific Economic Cooperation countries on Monday affirmed their desire to expand their economies' potential output in a sustainable manner. "APEC members have affirmed a shared interest in pursuing policies that expand the productive capacity of our economies while also achieving outcomes like reducing inequality and protecting the environment," Yellen said in prepared remarks following a meeting of the ministers ahead of the APEC leaders' summit in San Francisco. She said that APEC countries are pursuing similar policies to the Biden administration's recent legislation to promote investment in infrastructure, semiconductors and clean energy technologies and scientific research. Yellen also said that the Treasury is actively engaged in "ongoing work" to reach substantial conclusion of the Indo-Pacific Economic Framework talks with 13 other countries, most of them APEC member.

Persons: Janet Yellen, Jim Chalmers, Carlos Barria, Yellen, Biden, David Lawder, Sandra Maler Organizations: Treasury, APEC, Economic Cooperation, REUTERS, FRANCISCO, . Treasury, Thomson Locations: Asia, San Francisco , California, U.S, San Francisco

☆ Xi-Biden summit: What’s on the agenda for China’s leader as he heads to California?
▼ + stars: | 2023-11-14 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +10 min

Biden, meanwhile, finds himself strapped with international challenges from the war in Ukraine to the latest conflict in Gaza. Chinese leader Xi Jinping, left, and US President Joe Biden. Getty ImagesXi’s agendaDespite the challenges he faces at home, the insulated Chinese leader may see himself in a stronger position relative to Biden. Xi will ask Biden to clarify and define the scope of the US approach on tech restrictions, analysts say. Liu Ranyang/China News Service/VCG/Getty Images‘Positive signals’The lead-up to Xi’s American visit has been marked with signals that China is hoping to smooth prickly relations.

Persons: — Xi Jinping, Joe Biden —, Xi, Biden, he’d, ”, Yun Sun, Xi Jinping, Joe Biden, …, Suisheng Zhao, Stimson, Sun, Harry Moyer, Liu Ranyang, Zhong Sheng, wisecracks, Nancy Pelosi’s, Beijing’s, Shi Yinhong, Shi Organizations: CNN, Asia Pacific Economic Cooperation, “, China Program, Stimson, Getty, Biden, Center for, Cooperation, University of Denver, Communist Party, US, Taiwan’s Democracy Progressive Party, US Flying Tigers, Kunming Foreign Language School, China News Service, “ Flying Tigers, China’s Renmin University, Republicans Locations: China, Hong Kong, San Fransisco, Bali , Indonesia, Ukraine, Gaza, Washington, Beijing, Center for China, Taiwan, California, Kunming, China's Yunnan, United States, Russia, Iran

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