BEIJING (AP) — Asian stock markets were mixed and gold surged to a record price Monday amid U.S.-China tensions and concern a recovery from the coronavirus pandemic might be weakening.
Tokyo declined while Shanghai and Hong Kong swung between gains and losses. Australia advanced.
Wall Street ended last week down after a new diplomatic flare-up between Washington and Beijing and mixed earnings reports.
CHENGDU, China (AP) — In the more than 40 years since China and the U.S. established formal diplomatic relations, accusations have been traded, tensions have risen and fallen and sides have come dangerously close to outright confrontation.
Yet the forced closure of the Chinese consulate in Houston and China’s order to shutter the U.S. consulate in the southwestern Chinese city of Chengdu mark a new low point in ties between the world’s largest economies that can’t be easily smoothed over.
CHENGDU, China (AP) — Chinese authorities took control of the former U.S. consulate in the southwestern Chinese city of Chengdu on Monday after it was ordered closed amid rising tensions between the global powers.
China ordered the mission to be shut in retaliation for a U.S. order to close the Chinese Consulate in Houston.
The tit-for-tat closings marked a significant escalation in the multiple disputes between the countries over issues ranging from trade and technology to national security, human rights, Taiwan and Hong Kong.
KUALA LUMPUR (Reuters) - Malaysian former prime minister Najib Razak, fighting dozens of charges over a multi-billion-dollar graft scandal at state fund 1MDB, faces his first verdict on Tuesday in a landmark case that tests the country’s efforts to stamp out corruption and could have big political implications.
BEIJING (Reuters) - China’s crude oil imports from Saudi Arabia rose 15% in June from a year ago, as refiners ordered record volumes of the fuel in March and April when oil prices tumbled, cementing the kingdom’s position as the top oil supplier to China.
Imports from Saudi Arabia rose to 8.88 million tonnes in June, or 2.16 million bpd, in June, according to data from the General Administration of Customs on Sunday.
That was in line with May’s volumes, but well above 1.89 million bpd during the same period last year.
CHENGDU, China (Reuters) - Staff of the U.S. consulate in Chengdu made final efforts to clear the premises on Sunday as security remained tight outside, ahead of a Monday closure ordered by Beijing as China-U.S. relations continue to worsen.
A mini tourist atmosphere prevailed outside the facility on a tree-lined street on a hot Sunday, as onlookers shared sidewalk space with dozens of uniformed and plainclothes police opposite the entrance.
BEIJING, July 26 (Xinhua) -- U.S. Secretary of State Mike Pompeo's highly provocative China-smearing speech at the Presidential Library of Richard Nixon was "primitive and ineffective," a former U.S. diplomat has said.
Pompeo's "angry lament" and "extended ideological rant" will achieve an opposite effect, Daniel Russel, former U.S. assistant secretary for East Asian and Pacific Affairs, told CNBC on Friday.
The speech will only deepen anger at the United States, Russel said.
BEIJING, July 26 (Xinhua) -- China's Mars spacecraft has embarked on a long journey with great risks and challenges to the Earth's neighbor.
China's first Mars exploration mission, Tianwen-1 (meaning Questions to Heaven) aims to orbit, land on and rove Mars in one mission, an unprecedented achievement.
SEOUL, South Korea (AP) — North Korean leader Kim Jong Un placed the city of Kaesong near the border with South Korea under total lockdown after a person was found with suspected COVID-19 symptoms, saying he believes “the vicious virus” may have entered the country, state media reported Sunday.
If the person is officially declared a virus patient, he or she would be the North’s first confirmed coronavirus case. North Korea has steadfastly said it has no single virus case on its territory, a claim questioned by outside experts.
New Delhi, Jul 24 (PTI) Indonesian Defence Minister Gen Prabowo Subianto will pay a three-day visit to India beginning Sunday, during which he will hold talks with the leadership here to strengthen bilateral defence cooperation.
Gen Prabowo will be visiting India from July 26 to 28 and will lay a wreath at the National War Memorial on Monday, the Army said.
He will be also presented with a Guard of Honour at South Block Lawns on Monday, it said.
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