The Business Times

US-China trade

Global Enterprise

Xi’s rare earth ‘bazooka’ sparks global alarm, race for supplies

The People’s Bank of China set the renminbi’s reference rate at 7.0995 per US dollar, the strongest level in almost a year.
Global Enterprise

China boosts renminbi support via fixing as trade headwinds grow

FILE PHOTO: Shipping containers are seen at the port of Oakland, as trade tensions continued over U.S. tariffs with China, in Oakland, California, U.S., May 12, 2025. REUTERS/Carlos Barria/File Photo/File Photo
International

US, China roll out tit-for-tat port fees, threatening more turmoil at sea

Rare-earth element export controls are the catalyst for the latest flare-up between the US and China.
Capital Markets & Currencies

Port fees, cooking oil, export bans: How US-China trade tensions are ramping up and what it means

During his trip to China, Tim Cook met Labubu creator Kasing Lung (left) and Pop Mart founder Wang Ning (right).
Telcos, Media & Tech

Apple’s Tim Cook pledges more China investment despite Trump’s tariff threats

For now, the Hangzhou-based cosmetics maker is looking to Japan, South-east Asia and Europe.
International

China beauty brand Florasis shifts expansion plan as US tensions rise

Analysts expect China-owned container carrier Cosco to be the most affected, shouldering nearly half of that segment’s expected US$3.2 billion cost from those fees in 2026.
Global Enterprise

US, China to roll out tit-for-tat port fees, threatening more turmoil at sea

“China is a command-and-control economy. They are neither going to command nor control us,” Scott Bessent says.
International

Trump on track to meet Xi in South Korea, Bessent says

Chinese officials say there could be “exemptions” for their sweeping rare earth curbs in order to facilitate trade.
International

Trump, Xi spark another standoff with world economy at risk

Jamie Dimon, chief executive officer of JPMorgan Chase & Co., during a Bloomberg Television on the sidelines of the JPMorgan Tech Stars Conference 2025 in London, UK, on Tuesday, Oct. 7, 2025. Dimon said JPMorgan spends $2 billion a year on developing artificial intelligence technology, and saves about the same amount annually from the investment. Photographer: Jose Sarmento Matos/Bloomberg
Banking & Finance

JPMorgan pledges US$1.5 trillion to strengthen US economic security and resilience over next decade

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