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China says trade deal with US must be 'mutually beneficial'

Expectations for a U.S.-Chinese trade truce rose Friday, though Beijing accused Washington of unfairly attacking its economy and said a settlement to their costly, 17-month-old conflict must be “mutually beneficial.” A senior Trump administration official said an announcement...

Trump says US, China close to trade deal

China and the U.S. are zeroing in on an agreement that would mark a major milestone in their nearly two-year trade war, President Donald Trump claimed Thursday. "Getting VERY close to a BIG DEAL with China. They want it, and so do we!" Trump said on Twitter. The trade dispute between...

Saudi Aramco market value tops $2 trillion

Energy giant Saudi Aramco's market value soared above $2 trillion on Thursday as its share price surged again on its second day of trading. The valuation milestone was sought by Saudi Crown Prince Mohammed bin Salman when he first floated the idea of selling up to five percent of Aramco,...

Chinese businesses boost self-reliance as trade war rolls on

Whether Beijing and Washington reach a trade deal or not, China is already speeding up efforts to break its reliance on a country that is one of its biggest economic partners but also its biggest adversary. The effort has gained greater urgency for Beijing after more than a year and a half...