Air China to suspend Beijing-Hawaii route flights from August 27
Air China will suspend its flights on the Beijing-Hawaii route from Aug. 27 after a review of its network, China’s flagship carrier said on Tuesday,...
Luxury department store Barneys files bankruptcy: NYT
U.S. luxury department store chain Barneys New York Inc filed for Chapter 11 bankruptcy protection to restructure its business and pursue a sale, the New...
Some Wall Street workers face pay slump in 2019: report
Many Wall Street workers will see their pay stay flat or decline this year, as big banks and money managers continue to cut costs, according...
Stock losses deepen as U.S. puts yuan in crosshairs
Global stocks extended already substantial losses on Tuesday, after Washington designated Beijing a currency manipulator and further rattled fragile investor sentiment in a rapid escalation...
JPMorgan confirms winning bid to take majority stake in China fund JV
JPMorgan confirmed it had won an auction to hold a majority equity stake in its Chinese asset management joint venture (JV), becoming the first foreign...
U.S. ‘destroying international order’, China media says, after currency-manipulator branding
China’s official Communist Party newspaper said on Tuesday the United States was “deliberately destroying international order”, a day after Washington branded Beijing a currency manipulator...
Stock losses steepen as U.S. puts yuan in crosshairs
Global stocks extended already substantial losses on Tuesday as China’s yuan currency dropped to an 11-year low after Washington designated Beijing a currency manipulator in...
With China a ‘manipulator,’ heightened pressure on Fed to ease
Federal Reserve Chair Jerome Powell, who last week cut U.S. interest rates as an insurance policy against the effects of “simmering” trade tensions, may need...
Offshore yuan hits record low after U.S. brands China a currency manipulator
China’s offshore yuan hit a record low on Tuesday, fuelling fresh selling in global financial markets, after the United States branded Beijing a “currency manipulator”...
Explainer: U.S. branding of China as currency manipulator offers few new remedies
Formally declaring China a currency manipulator may scratch a long-term itch for U.S. President Donald Trump, but the move provides few new tools that have...