BEIJING — China agreed Friday to let foreigners own bigger stakes in its securities firms and promised to limit export subsidies after a high-level dialogue with the United States went ahead despite a standoff over a Chinese legal activist. China’s government also said it was implementing an earlier commitment to expand access to its...
BEIJING — US Treasury Secretary Timothy Geithner said Friday that China agreed to a range of economic reforms following high-level talks. Speaking at the close of the US-China Strategic and Economic Dialogue, Geithner said China agreed to work with the US to negotiate limits on export subsidies. He also said China will expand opportunities...
BEIJING (Reuters) – The United States expressed growing concern over cyber-intrusions globally during talks with Chinese leaders, the U.S. secretary of state said on Friday. Hillary Clinton, in Beijing for the annual Strategic and Economic Dialogue with Chinese leaders, said that China and the United States must develop shared norms on cyber issues. She...
China raised the ceiling on foreign banks’ investments in securities ventures for the first time in more than a decade after two days of talks with the U.S. overshadowed by wrangling over activist Chen Guangcheng. China agreed to let foreign companies raise their stakes in joint ventures with domestic securities firms to as much...
By GILLIAN WONG and MATTHEW LEE Associated Press BEIJING (AP) – China hinted at a possible, face-saving way out of a diplomatic standoff with the United States over legal activist Chen Guangcheng, saying Friday that he could apply for permission to study abroad. The concession was offered in a Chinese Foreign Ministry statement while...
HSBC Holdings Plc (HSBA), Europe’s largest bank, may say first-quarter pretax profit rose 5.5 percent as the lender incurred fewer impairment charges on its U.S. business and grew in emerging markets. The London-based lender may report profit before tax, excluding revaluation of its own debt, rose to $5.8 billion from $5.5 billion a year...
