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Beijing decreases US Treasury holdings as trade war intensifies

Bloomberg China’s holdings of US Treasuries fell to a six-month low in July, just as a trade war between the world’s two largest economies began heating up. China’s ownership of US bonds, bills and notes slipped to $1.17 trillion, the lowest level since January and down from $1.18 trillion in June, according to data released by the Treasury Department. Japan, ...

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SK Group to acquire $470mn stake in Vietnam’s Masan

Bloomberg SK Holdings Co. is acquiring the largest foreign stake in Masan Group Corp. for about $470 million, in a deal that will value the Vietnamese diversified business group at about $5 billion. The South Korean group, which has businesses ranging from telecommunications to service sectors, will buy Masan Group’s entire 109.9 million treasury shares for $4.29 each, the companies ...

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Chinese art, antiquities escape Trump tariffs

Bloomberg Chinese art and antiquities have been spared from President Donald Trump’s tariffs. At least so far. Trump ordered his administration to impose 10 percent tariffs on $200 billion in Chinese goods next week and to raise the rate to 25 percent in January if Beijing refuses to offer trade concessions. Among items removed from the initial list of goods ...

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