U.S. Treasury Secretary Jack Lew will press Chinese officials next week to adopt a more market-determined exchange rate policy, and the Obama administration thinks further yuan appreciation would help the global economy, Treasury officials said on Friday.
Tags: China
Jack Lew to discuss China technology policy, urges market reforms
Treasury Secretary Jack Lew said on Monday he would discuss with the Chinese government recent technology policy moves that Washington has complained constitute unfair regulatory pressure on foreign firms.
China's Alibaba signs digital distribution deal with music rights group BMG
Germany's BMG music rights company said on Monday it had signed a music digital distribution deal with China's Alibaba Group Holding Ltd, as the world's largest e-commerce firm firms up its bid to become a digital media empire.
Denmark applies to join China-backed AIIB investment bank
Denmark has applied to join the Beijing-led Asian Infrastructure Bank (AIIB), China's Ministry of Finance said on Sunday, becoming the latest European power to join the institution despite misgivings of the United States.
ChemChina chairman says hopes to re-list Pirelli in Italy
The chairman of China National Chemical Corp (ChemChina) said on Sunday he hopes to re-list Italy's Pirelli (PECI.MI) on the Italian stock exchange after his firm agreed earlier this month to acquire the world's fifth-largest tire maker.
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Hainan Airlines Co Ltd (600221.SS), China's fourth-largest carrier, said on Wednesday it plans to order 30 Boeing Co (BA.N) B787-9 jets as it seeks to expand international routes to tap into growing demand for overseas travel from China.
Patent holding company Intellectual Ventures' second crack at holding Motorola Mobility liable for using its technology without permission partially succeeded on Wednesday after a U.S. jury in Delaware found Motorola infringed a patent on multimedia text messaging.
Apple Inc plans to introduce a trade-in program for iPhones in China in association with the Foxconn Technology Group, Bloomberg reported, citing people familiar with the effort.
Sri Lanka's President Maithripala Sirisena headed to Beijing on Wednesday seeking to end a stalemate over China's biggest investment project in the island which his administration has suspended over allegations of wrongdoing.
The Obama administration has again invited Brazil's President Dilma Rousseff for a state visit to Washington, a diplomatic breakthrough that both sides hope will lead over time to greater trade between the two biggest economies in the Americas.
European shares dipped on Wednesday but held near multi-year highs and the euro rose against the dollar after a survey showed the German business climate improving.
Euro zone businesses ramped up activity this month, just as the European Central Bank starts printing money to spur growth and inflation, while a slowdown among Chinese factories has fueled calls for more stimulus there.
Brent crude reversed early losses to trade back towards $57 a barrel on Tuesday, as a weaker dollar overshadowed signs of slowing growth in China and Saudi Arabian oil production close to an all-time high.
The euro rose and European shares edged up on Tuesday, responding to signs the euro zone economy is gaining momentum, while a slowdown in factory activity in China kept oil and commodities-linked assets under pressure.
