Bloomberg New Chinese Foreign Minister Qin Gang offered effusive praise of Americans after stepping down as his nation’s top envoy to Washington, signalling that ties between the world’s biggest economies appear to be warming despite recent tensions over Taiwan. “I have been deeply impressed by so many hard-working, friendly and talented American people that I met,” Qin said in …

  Bloomberg Representative Kevin McCarthy’s chances of becoming House speaker remained in doubt hours before Republicans formally take control of the chamber. With Republicans holding only a slender majority when the new Congress convenes, McCarthy can’t lose more than four GOP votes in his bid for speaker, and at least 14 Republicans still hadn’t promised their support. Some of his …

Bloomberg The yen advanced to a six-month high versus the dollar as Japan’s decision to raise its bond-yield cap last month stoked bets the nation may tighten policy even more. The currency appreciated as much as 0.8% to 129.79 per dollar, surpassing the level of 130.41 set in August, and reaching the strongest since June. Gains were exacerbated due to …