San Francisco Financial News

By David Lawder

The weeklong Asia-Pacific Economic Cooperation (APEC) summit began on Nov. 11 in San Francisco. The highlight of the event will surely be on the sidelines, when United States President Joe Biden and Chinese leader Xi Ping meet on Nov. 15. But with the focus of the organization being on the regional economy, the finance ministers’ meeting is also of primary importance.

By Steve Holland and Nandita Bose

India is contemplating a reduction in taxes for imported fully assembled electric vehicles for a duration of up to five years. This move is aimed at attracting companies like Tesla Inc. (NASDAQ:TSLA) to market and, in the future, manufacture their electric cars within the country.

Investing.com -- Shares in Boeing (NYSE:BA) rose in premarket U.S. trading on Monday after Bloomberg News reported that China is mulling potentially resuming purchases of the planemaker's fast-selling 737 Max jets.

By Ankika Biswas

By Trevor Hunnicutt

Elon Musk's Tesla, which has made the tax break a precondition for setting up its manufacturing plant in the country, the Financial Times reported. According to the Financial Times report, Tesla has sought an initial concession on customs duty levied on imported cars in India.

Joe Biden and China's Xi Jinping have no shortage of difficult issues to discuss when they sit down for their first talks in a year, even if expectations are low that their meeting will lead to major breakthroughs. Each leader has clear objectives for the highly anticipated talks on Wednesday on the sidelines of the Asia-Pacific Economic Cooperation summit, a meeting that comes after what's been a fractious year for the world's two biggest economies. Both Biden and Xi are looking to bring a greater measure of stability to a relationship that is being defined by differences over export controls, tensions over Taiwan, the wars in the Middle East and Europe, and more. A look at what each president is hoping to achieve during their talks: WHAT BIDEN WANTS The White House has made clear that the U.S.-China relationship is beyond the days where a meeting ends with a long list of announcements and agreements. Instead, Biden comes to San Francisco focused on managing the countries' increasingly fierce economic competition and keeping open lines of communication to prevent misunderstandings that could lead to direct conflict between the two powers. Expect Biden to defend U.S. expansion of export controls on semiconductor chips.

So when Washington and Beijing do economic battle, as they have for five years running, the rest of the world suffers, too. And when they hold a rare high-level summit, as Presidents Joe Biden and Xi Jinping will this week, it can have global consequences. The world's economy could surely benefit from a U.S.-China detente.

World leaders, CEOS, protesters and thousands of others will soon descend on San Francisco for a high-profile trade summit that could give the battered city a chance to reverse its image as a powerhouse in decline

U.S. Treasury Secretary Janet Yellen is suggesting that a ransomware attack that forced China’s biggest bank to take some systems offline only minimally disrupted the U.S. Treasury market

It is the first engagement between the leaders in nearly a year.

U.S. Treasury Secretary Janet Yellen says she and her Chinese counterpart have agreed to work toward a “healthy economic relationship,” during two days of talks that she said helped lay the groundwork for a productive meeting next week between Presiden...

US Treasury Secretary Janet Yellen will visit China again next year at her counterpart’s invitation, as officials in the world’s two biggest economies seek to boost contact further and improve tense relations.

Tighter monetary policy is helping bring down the pace of inflation but not to a level where policymakers should feel too comfortable, San Francisco Federal Reserve President Mary Daly said Friday.

By Ann Saphir and David Lawder

By David Lawder and Ann Saphir

By David Lawder and Ann Saphir

Associated Press reported on Friday. The White House said earlier that it anticipated Biden and Xi would meet on the sidelines of the Asia-Pacific Economic Cooperation summit (APEC) in San Francisco. However, the negotiations went down to the eve of the gathering, which kicks off Saturday, the report said.

Crypto fund manager Bitwise Asset Management has insisted that it “has no relationship” with the now-defunct technology company Bitwise Industries.