• BBC

    UK borrowing casts doubt on pre-election tax cut prospects

    Government borrowing for the year was £6.6bn higher than expected, according to new figures.

  • Reuters

    MOVES-JPMorgan China names new heads of China securities unit

    JPMorgan Chase & Co appoints Lu Fang to chair the board of its China securities arm, replacing former chair Park Pu, according to a company memo reviewed by Reuters and confirmed by a company spokesperson. Greg Yu, recently deputy general manager of J.P. Morgan Securities China Company, has been promoted to general manager, according to the memo issued on Wednesday. The securities unit, which JPMorgan won the approval in 2021 to convert from a joint venture to a wholly owned subsidiary, employed 160 staff in China at the end of 2022, one of the largest among foreign securities firms.

  • Reuters

    China-US relations stable despite US 'interference', Chinese official says

    Relations between Beijing and Washington are stabilising despite U.S. actions that harm Chinese interests, a Chinese foreign ministry has said ahead of a visit by U.S. Secretary of State Antony Blinken. In laying out goals for the visit, the unnamed official, described as director-general of the foreign ministry's department of North American and Oceanian affairs, said relations should stabilise and advance on a sustainable path. But he said Chinese interests and its "bottom line" must be safeguarded, the state news agency Xinhua reported on Tuesday.