Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commentingAsian shares rallied on Monday as China announced new measures to support its ailing markets, though the mood was cautious ahead of readings on U.S. jobs and inflation that could decide whether interest rates have to rise again. The help was needed given profits at China's industrial firms fell 6.
Most Read from BloombergMarkets Ready for Swings After High-Rates Mantra of Jackson HoleTrump Doesn’t Look So Invincible in Post-Debate PollsChina Stocks May Open Higher on Measures to Boost MarketChina’s Worsening Economic Slowdown Is Rippling Across the Globe3M Agre -- Oil held a gain as China announced measures to boost its stock and property markets, helping offset concerns about increased supply and monetary tightening in the US and Europe.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Raimondo Seeks to Seize Moment With China Visit Focused on BusinessUS Commerce Secretary Gina Raimondo is in China this week with an aim to improve communication and promote healthy competition, as Washington seeks to expand business ties between the two largest economies even as government relations remain shaky.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
US Commerce chief seeks trade, tourism boost in China talksBEIJING (Reuters) -U.S. Commerce Secretary Gina Raimondo arrived in Beijing late on Sunday for a four-day visit aimed at boosting business ties between the world's two largest economies while declaring American national security trade measures off-limits for debate. 'If you wanted to put a tagline to the trip and the mission, it’s protect what we must and promote where we can,' Raimondo told reporters on Friday before departing for China. Relations are tense as the United States works with allies to block China's access to advanced semiconductors, while Beijing is restricting shipments from prominent chip company Micron Technology and raided and fined U.S. firm Mintz Group $1.5 million for doing 'unapproved statistical work.'
Source: YahooFinanceCA - 🏆 47. / 63 Read more »