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Chinese Steel Profits Recover as Beijing Targets Overcapacity

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The profitability of Chinese steel mills began to recover last month, with the improvement likely to accelerate in the second half of the year if the government delivers on its pledges to tackle overcapacity.



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Funding & Business

US-China Talks Head Into Second Day

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US and Chinese representatives discussed TikTok, trade and the economy during a day of high-level talks in Madrid as diplomacy between the world’s two biggest economies intensifies. Bloomberg’s Stephen Engle reports. (Source: Bloomberg)



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Funding & Business

Gold Trades Near Record High as Fed Expected to Cut Rates

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Gold held near a record as traders geared up for an anticipated easing of the US Federal Reserve’s monetary policy this week and looked for clues on further rate cuts this year.



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Funding & Business

BYD’s $45 Billion Stock Wipeout Raises Doubts on China Outlook

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BYD Co. faces pressure to restore investor confidence after a $45 billion stock selloff, with growing concerns over its ability to fend off competition amid a destructive price war in China.



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