In China, Apple’s Cook says he’s bullish on global economy
Apple CEO Tim Cook said Saturday that he is “extremely bullish” about the global economy based on the amount of innovation underway.
Trump’s ‘economic illiteracy’ caused the US-China trade war, says professor
U.S. President Donald Trump has on many occasions said the trade imbalance between the U.S. and China is a sign that America is being “ripped off.”
JP Morgan International chairman on Fed’s rates policy: ‘It’s not a U-turn’
The U.S. Federal Reserve decided on Wednesday to hold interest rates steady and indicated that no more hikes will be coming this year.
Right now is a ‘really hard time’ for China to introduce a property tax
Zhang Xin, chief executive of real estate developer Soho China, said on Saturday that the country’s economy is too “soft” for a property tax.
Former US Trade Representative says a China trade deal is probably weeks away, not months
Charlene Barshefsky said it ultimately doesn’t matter when the United States and China resolve their trade differences, as long as tensions don’t escalate further.
US-backed Syrian force declares victory over Islamic State
A U.S.-backed Syrian force said Saturday that it has liberated the last area held by the Islamic State group in the eastern Syrian village of Baghouz, declaring victory over the extremists and the end of their self-declared caliphate.
US should treat China as ‘equals’ in trade deal enforcement, Chinese economist says
When it comes to enforcing any prospective trade deal between the U.S. and China, Washington must treat its Chinese counterparts as “equals,” according to Li Daokui of Tsinghua University.
A hard Brexit could send the UK into a recession, Blackstone CEO warns
The U.K. will leave the European Union without a deal if British lawmakers don’t back Prime Minister Theresa May’s Withdrawal Agreement.
Blackstone’s Schwarzman says it ‘made no sense’ that Trump would collude with Russia
Steve Schwarzman, Blackstone’s chief executive, was one of the key backers of the GOP after the 2016 election. He donated just over $12.8 million to the party last year.
Rio Tinto’s chief sees ‘lots of opportunities’ despite China’s slowing growth
The CEO of mining giant Rio Tinto Jean-Sébastien Jacques is not worried about China’s slowing growth and says he’s looking for more opportunities as Beijing seeks to stimulate its economy.