BEIJING – A major Asia-Pacific summit’s failure to agree on a communique resulted from certain countries “excusing” protectionism, a top Chinese diplomat said, in a veiled criticism of Washington that further sours the tone of China-US ties ahead of a G-20 meet. After months of bickering over a damaging trade war, the disputed South China...
Global hospitality giants Hilton and IHG have apologised for the actions of employees who leaked personal information about a blogger who revealed shoddy cleaning practices at 14 luxury hotels across the country. Zhou Zhaocheng, the blogger’s lawyer, said in a written response to China Daily on Monday that by working with police, regulators of the...
Experts suggest tough penalties, physical barriers to deter behaviour Legal experts have called for tougher penalties for passengers who endanger public safety by attacking bus drivers and suggested that bus companies further improve their security arrangements. China has seen a rise in such crimes in recent years. A report issued by the Justice Big Data...
U.S. companies aren’t leaving China in a big way yet, despite escalating trade tensions between the two economic powerhouses, analysts said. “A lot of companies are talking about making changes, but (are) not actively making changes,” said Chris Rogers, research analyst at Panjiva, a supply chain data company that’s part of S&P Global Market Intelligence....
The C in Apec stands for Cooperation. But when the two biggest members are fighting a trade war and using the forum to attack each other’s policies, it was always going to be hard work delivering on that. The weekend’s Asia-Pacific Economic Cooperation summit in Port Moresby was one of open disagreement, led by disputes...
Check out the companies making headlines after the bell: Urban Outfitters shares rose over 6 percent during after-hours trading Monday after the retailer beat analysts’ expectations on revenue and earnings. The company reported earnings of 70 cents a share versus an estimate of 62 cents a share. Third-quarter revenue was $974 million, while analysts had...
The bull market is “in trouble,” strategist Alicia Levine told CNBC on Monday. U.S. stocks continued to fall on Monday, with large tech stocks leading the way down. The action came after equities posted sharp weekly losses on Friday. “There is probably another leg down from here,” said Levine, chief investment strategist at BNY Mellon....
Shares of payments company Square dropped 10 percent Monday as major tech stocks struggled to find footing. Square‘s stock fell 10 percent to roughly $63 after, bringing its one-month losses to 14 percent. Shares of the San Francisco-based company, run by Twitter CEO Jack Dorsey, had been on a tear for most of this year...
One of Wall Street’s most famous proverbs of this bull market is backfiring. “Buy the dip,” or picking up a stock or the whole market when they sell off, isn’t working for the first time in 16 years, according to analysis from Morgan Stanley. The investment bank looked at the average return for the S&P...
China will expand its ban on imports of solid waste, local media reported Monday, almost a year after its first curbs caused havoc in countries that sent their rubbish to the Asian giant. The regulatory action — which expands the prohibition to 32 categories of solid waste from the 24 banned last year — will...