Latest Business News
Trump and Xi Kick Off High-Profile Summit in Beijing
Presidents Xi Jinping and Donald Trump began crucial meetings in Beijing on Thursday, focusing on stabilizing US-China relations. Discussions covered trade, technology, Taiwan, and the Iran war, with few breakthroughs expected. The two-hour morning session concluded, with Trump departing Friday after a final private meeting .
Xi Issues Taiwan Warning During Trump Summit
Chinese leader Xi warned on Taiwan amid the US-China summit, as stability remains the main goal. Divisive issues like Iran war, trade, and tech persist without major progress anticipated. Trump is set to leave Beijing just after midday Friday .
US CEOs Including Musk, Cook Join Trump in China
Seventeen US CEOs, including Tesla's Elon Musk, Apple's Tim Cook, and Boeing's Kelly Ortberg, traveled with Trump's delegation. They met Xi, who pledged wider opening to American business. Trump encouraged expanded cooperation with China .
Xi Pledges Wider Door for US Businesses in China
Xi told American CEOs that China's door to US business will open wider, benefiting both sides in reform and opening. American companies deeply participate, with broader prospects ahead. This came during his meeting with Trump .
Asian Stocks Mixed as Investors Eye Trump-Xi Takeaways
World shares were mostly higher Thursday, with investors monitoring the Trump-Xi summit outcomes on US-China relations and Taiwan. Tokyo’s Nikkei fell 1% to 62,654.05 after a record high, while South Korea’s Kospi hit a fresh record up 1.8% .
Wall Street Sets Records Ahead of Summit Focus
The S&P 500 climbed 0.6% to a record 7,444.25, Nasdaq rose 1.2% to 26,402.34, driven by tech stocks. Dow edged down 0.1% to 49,693.20. US futures edged higher amid summit anticipation .
European Markets Rise Despite Iran War Impacts
Britain's FTSE 100 up 0.3% to 10,351.36 after faster-than-expected GDP growth. France's CAC 40 rose 0.6% to 8,057.64, Germany's DAX gained 1.4% to 24,462.22. UK economy expanded 0.3% in March despite Iran war .
Shanghai Composite Drops 1.5% Amid Summit
China's Shanghai Composite index lost 1.5% to 4,177.92 as Trump met Xi. Hong Kong’s Hang Seng flatlined at 26,389.04. Investors watched for trade and tech deal progress .
US-China Talks Highlight Soybeans, Airplanes, Chips Deals
Investors eye potential progress on Iran war, trade relations, soybeans, airplanes, and chips from the summit. China willing to expand cooperation list, per Commerce Ministry. Few breakthroughs expected overall .
Nvidia CEO Huang Joins Trump Delegation in China
Nvidia's Jensen Huang accompanied Trump, with focus on China's imports of advanced H200 chips. US business leaders met Chinese Premier Li Qiang Thursday afternoon. Tech stocks boosted Wall Street gains .
US Crude Dips to $100.86 as Markets Watch Summit
Benchmark US crude fell 0.2% to $100.86 per barrel. Global markets react to ongoing Trump-Xi discussions on key economic issues. Oil prices influenced by broader investor sentiment .