A trader works, as a screen displays the Fed rate announcement, on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 20, 2024. Brendan McDermid | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything … Read more
U.S. Federal Reserve Chair Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., March 20, 2024. Elizabeth Frantz | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on … Read more
The Biden administration is considering blacklisting a number of Chinese semiconductor firms linked to Huawei Technologies Co. after the telecom giant notched a significant technological breakthrough last year, people familiar with the matter said. Such a move would mark another escalation in a US campaign to ringfence and curtail Beijing’s AI and semiconductor ambitions. It … Read more
A customer shops at a supermarket in Oregon. Wang Ying | Xinhua News Agency | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. … Read more
The flag of Hong Kong flies from a ferry boat on July 2, 1997, a day after the former British colony returned to Chinese rule. Romeo Gacad | AFP | Getty Images Hong Kong on Friday unveiled a new draft security bill proposing up to life imprisonment for offences such as insurrection and treason following … Read more
Chinese Foreign Minister Wang Yi in 2019. Mark Kauzlarich | Reuters BEIJING — China’s top diplomat slammed the U.S. for worsening bilateral tensions, while reiterating Beijing’s support for peaceful resolutions to the Middle East and Russia-Ukraine conflicts. “There is some progress in the China-U.S. bilateral relationship, but we have to point out that U.S. continues … Read more
Wu Qing, Chairman of the China Securities Regulatory Commission, answers a question at a press conference during the second session of the 14th National People’s Congress (NPC) in Beijing on March 6, 2024. (Photo by WANG Zhao / AFP) (Photo by WANG ZHAO/AFP via Getty Images) Wang Zhao | Afp | Getty Images BEIJING — … Read more
China’s central bank governor said there was room to further cut banks’ reserve requirements, and pledged to utilize monetary policy to prop up consumer prices. Bloomberg | Bloomberg | Getty Images BEIJING — China’s central bank governor said there was room to further cut banks’ reserve requirements, and pledged to utilize monetary policy to “mildly” … Read more
A Chinese flag flies high over The Bund. Liu Liqun | Corbis Documentary | Getty Images China wants to unleash a “new leap forward” with “new productive forces” — but President Xi Jinping may need to resort to an old tactic to hit the country’s ambitious growth target this year, one economist warns. Beijing set … Read more
Missiles on the background of the Chinese flag Anton Petrus | Moment | Getty Images China is set to increase its defense spending by 7.2% in 2024, Reuters reported Tuesday, citing an official government work report released as part of the country’s annual parliamentary meetings in Beijing. This year’s military budget announcement comes against the … Read more
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