Beijing officially announced the date of Donald Trump ’s state visit this week, publicly green-lighting the first US presidential trip to China in nearly a decade despite tensions over the Iran war. Trump, who last visited China in 2017, will meet Xi Jinping in a much-anticipated summit that’s already been rescheduled once due to the war. The White House had said the summit will be held May 14-15....
Beijing officially announced the date of Donald Trump ’s state visit this week, publicly green-lighting the first US presidential trip to China in nearly a decade despite tensions over the Iran war. Trump, who last visited China in 2017, will meet Xi Jinping in a much-anticipated summit that’s already been rescheduled once due to the war. The White House had said the summit will be held May 14-15. “At the invitation of President Xi Jinping, President Donald Trump of the United States of America will pay a state visit to China from May 13 to 15,” China’s state news agency Xinhua said Monday, citing a spokesperson for the Foreign Ministry. Xi’s government had been wary about proceeding with the visit until the conflict — now in its third month — is settled, people familiar with the matter said earlier. China never announced or commented on the dates of Trump’s previously delayed visit in April, following its usual practice of announcing plans for its top leaders only days ahead for security reasons. Trump and Iran have rejected each other’s latest peace proposals to end the conflict as the two sides struggle to maintain a fragile ceasefire. World’s Most Important Bromance Revived as Trump Heads to China China Asks Banks to Pause New Loans to US-Sanctioned Refiner China Urges Opening of Hormuz in Iran Talks Before Xi-Trump Meet Xi Has $1.2 Trillion Rare Earths Leverage Ahead of Trump Visit The pomp and pageantry of the state visit will now unfold against the backdrop of a fragile ceasefire between China’s top geopolitical rival and its key strategic partner in the Middle East. Tensions between the US and China — one of Iran’s biggest diplomatic backers and its top oil buyer — had been rising in recent weeks as the Trump administration struggles to end a war that’s triggered a global energy crisis. The US Treasury has recently sanctioned five Chinese private oil refiners, including one of the country’s largest, for processing Iranian crude. Beijing responded publicly wi...
Quantum Earnings Season Is Ramping Up—What to Watch From 2 Major PlayersIonQ (NYSE:IONQ) reported what executives described as the strongest quarter in the company’s history, citing record revenue, a sharply higher backlog metric and continued demand across its quantum computing,
Quantum Earnings Season Is Ramping Up—What to Watch From 2 Major PlayersIonQ (NYSE:IONQ) reported what executives described as the strongest quarter in the company’s history, citing record revenue, a sharply higher backlog metric and continued demand across its quantum computing,
Ingredion (NYSE:INGR) reported a weaker-than-expected first quarter of 2026, as operational problems at its Argo facility weighed heavily on results in its Food & Industrial Ingredients U.S. Canada segment, while its Texture & Healthful Solutions business continued to post volume
Ingredion (NYSE:INGR) reported a weaker-than-expected first quarter of 2026, as operational problems at its Argo facility weighed heavily on results in its Food & Industrial Ingredients U.S. Canada segment, while its Texture & Healthful Solutions business continued to post volume
Bearish yen positions have seen a significant reduction after Japanese authorities intervened to support the currency, underscoring how official action is unwinding a crowded trade. Leveraged funds trimmed net short yen positions in the week through May 5, according to Commodity Futures Trading Commission data. They now hold net short positions of 61,340 contracts, worth about $4.9 billion — the s...
Bearish yen positions have seen a significant reduction after Japanese authorities intervened to support the currency, underscoring how official action is unwinding a crowded trade. Leveraged funds trimmed net short yen positions in the week through May 5, according to Commodity Futures Trading Commission data. They now hold net short positions of 61,340 contracts, worth about $4.9 billion — the smallest in a month. Asset managers also cut short positions by 13,839 contracts to 10,653. “Intervention risk and strong official warnings made it unattractive to chase weakness near 160,” said Stefan Rittner , senior portfolio manager at Allianz Global Investors, who is neutral on dollar-yen. Still, “persistent structural headwinds limit the case for a sustained yen rebound despite the cheap valuation,” and further intervention risk should rise again if dollar-yen approaches prior levels. The pullback followed multiple rounds of intervention by Japanese authorities starting April 30 and through the Golden Week holiday, totaling as much as about ¥10 trillion , according to a Bloomberg analysis of Bank of Japan accounts. While refraining from confirming the intervention, Japan’s top currency official Atsushi Mimura said authorities are prepared to respond on all fronts to speculative moves, adding that the International Monetary Fund rules don’t limit how often intervention can be conducted. The yen touched a 10-week high of 155.04 per dollar on Wednesday before paring gains. While intervention has forced a shakeout in yen shorts, it has done little to change the underlying narrative, analysts say . That raises the risk of renewed bearish positioning and further intervention if the currency drifts back toward 160 per greenback. Japan’s currency fell as much as 0.2% to 157.06 yen per dollar on Monday.
US President Donald Trump will pay a state visit China from May 13 to 15, at the invitation of President Xi Jinping, the foreign ministry in Beijing said on Monday. It will be the first visit to China by a US president in almost nine years and comes at a time of heightened tensions between the two countries over a range of issues. It also coincides with the fragile US-Iran ceasefire and the blocka...
US President Donald Trump will pay a state visit China from May 13 to 15, at the invitation of President Xi Jinping, the foreign ministry in Beijing said on Monday. It will be the first visit to China by a US president in almost nine years and comes at a time of heightened tensions between the two countries over a range of issues. It also coincides with the fragile US-Iran ceasefire and the blockade of the Strait of Hormuz, which is pushing up energy costs and weighing on the global...
(RTTNews) - The China stock market on Friday ended the four-day winning streak in which it had advanced more than 100 points or 2.5 percent. The Shanghai Composite Index now sits just beneath the 4,180-point plateau and it's expected to open to the upside on Monday.
(RTTNews) - The China stock market on Friday ended the four-day winning streak in which it had advanced more than 100 points or 2.5 percent. The Shanghai Composite Index now sits just beneath the 4,180-point plateau and it's expected to open to the upside on Monday.