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As China’s ByteDance raced to seal a deal with Oracle Corp and Walmart Inc to keep its video-sharing app TikTok operational in the United States, an apparent breakthrough came last Wednesday in a phone call to U.S. Treasury Secretary Steve Mnuchin.
HONG KONG: Bank of East Asia Ltd (BEA), which counts Guoco Company Management Ltd as a substantial shareholder, has decided to initiate a sale of its insurance business and is seeking a strategic partner for its mainland China business following a review of its portfolios and assets.
Xbox maker buying Doom-owner ZeniMax
NEW YORK,:Oil prices plunged about 5% on Monday, weakening as rising coronavirus cases stoked worries about global demand, and a potential return of Libyan production bolstered oversupply fears.
BANKS are making huge profits from gold as investors flood into a market fractured by the coronavirus crisis.
Economists say interest rates may have to rise higher
LONDON/SINGAPORE, Sept 21 (Reuters) : Oil prices fell on Monday, weakened by the possible return of Libyan production and as rising coronavirus cases stoked worries about global demand, although the market drew support as a tropical storm threatened to disrupt output in the US Gulf of Mexico.
Does the United States really want to decouple from China in the financial industry? Presumably, the answer is "No".