China says NVIDIA violated anti-monopoly law
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China, Trump and TikTok
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US stock futures (ES=F, NQ=F, YM=F) are moving in positive territory ahead of the Federal Reserve's September FOMC meeting this Wednesday, at which Wall Street expects officials to cut interest rates.
US and Chinese officials will hold a second day of trade talks in Spain on Monday as the deadline for the Chinese owner of TikTok to find a buyer or face a ban in America looms.
Top economic officials met in Madrid for a second day, with deadlines looming on tariffs and a ban on TikTok in the United States if it is not sold by its Chinese owner, ByteDance.
Chinese chip stocks have rallied since early August, supported by regulatory scrutiny of U.S.-made chips and reports that AI leaders such as Alibaba Group (HK:9988) are testing locally sourced chips.
U.S. Treasury Secretary Scott Bessent is set to meet Chinese Vice Premier He Lifeng in Madrid between Sunday and Wednesday, He’s office said.
Oracle ( ORCL) shares rose more than 3% on Monday as the US and China reached a preliminary TikTok deal during trade talks in Madrid.
A delegation to be led by Chinese Vice Premier He Lifeng is due to kick off a new round of dialogue with the United States from September 14-17 in Madrid.
The Mexican government has aligned itself with US interests, even though the Asian country is its second-largest supplier of goods and raw materials
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