BLOOMBERG US House Speaker Kevin McCarthy emerged from a meeting with Taiwan’s President Tsai Ing-wen stressing the importance of the relationship between the two sides to economic freedom, peace and stability in the region. Neither leader mentioned China in their joint public remarks, even as the meeting in Southern California provided a new challenge in the already fraught relations between ...

BLOOMBERG Shares of China’s state-owned enterprises (SOEs) have been a hot trade in a mostly lackluster equities market this year, but disappointing earnings are causing investors to reassess their bullish bets. About three-fifths of the largest constituents in a Hang Seng gauge of state-owned enterprises missed earnings-per-share estimates in the latest results season, according to data compiled by Bloomberg Intelligence. ...

BLOOMBERG Treasury yields extended a slump and US equity-index futures fluctuated as bets the world economy is set for a sharper slowdown outweighed concerns over elevated inflation and monetary tightening. The two-year US rate, which is the most sensitive to monetary policy, slid for a fifth day, its longest streak since July 2022. Contracts on the Nasdaq 100 index fell ...