US, China to Continue Talks About Maintaining Tariff Truce
The original 90-day suspension of trade hostilities in May saw the US president retreating from sky-high tariffs that threatened to cut off bilateral trade between the world's largest economies. Now another 90-day delay is a possibility, according to US Treasury Secretary Scott Bessent. Chinese trade negotiator Li Chenggang confirmed that both sides agree on maintaining the truce, without elaborating on how long.
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Business Wire
13 minutes ago
- Business Wire
GTJAI Successfully Issued the First Publicly Offered Digital Bond of a Chinese Securities Firm
HONG KONG--(BUSINESS WIRE)--Recently, Guotai Junan International Holdings Limited ('GTJAI' or the 'Company', stock code: a company of Guotai Haitong Group, successfully issued its first digitally native bond. This bond, the first digital bond via public offering issued by a Chinese securities firm, was structured as a direct issue, denominated in U.S. dollars, with an amount of no more than US$300 million and a maturity of 3 years. GTJAI acted as left lead joint global coordinator and B&D bank for this issuance, using HSBC Orion 1 as the digital assets platform. Digital bonds are bonds issued using blockchain or decentralized ledger technology (DLT). Their core features are digitization, programmability, and automated execution, which provide greater transparency, reducing costs and risks of settlement failures. In recent years, GTJAI has been making breakthroughs in the field of financial innovation and has actively led the innovative development of digital finance and digital asset business, of which the issue of digital bonds is one of the important initiatives in its deployment of blockchain technology and digitalized finance. In the first half of 2025, the Company submitted its digital bond business plan and received confirmation from the Hong Kong Securities and Futures Commission that it had no further questions on the plan and formally commenced its digital bond issue business. Mr. Zhang Xueming, Chief Financial Officer of GTJAI, said, 'Successfully issuing the first publicly offered digital bond of a Chinese brokerage firm is a testament to our unwavering commitment to financial innovation and a showcase of our professional capabilities in digital finance and contribution to promoting digital assets. This transaction not only enhances operational efficiency and transparency for our clients and investors but also solidifies GTJAI's leadership in pioneering next-generation capital market solutions.' Mr. John O'Neill, Group Head of Digital Assets & Currencies at HSBC, said, 'We are pleased to support GTJAI in the first digital bond issuance by a Chinese brokerage firm in Hong Kong. This transaction demonstrates the capabilities of HSBC Orion to enable both a broader range of digital bonds and issuers. At HSBC, we are committed to building liquidity in digital fixed income, and see more corporations and financial institutions recognising the benefits of digital assets.' The Company will also take this issue as an opportunity to further explore innovative directions such as cross-border digital asset circulation and the digitization of green finance, with a view to providing more digital solutions to the global financial market and contributing to the intelligent transformation and sustainable development of the international financial system. About GTJAI Guotai Junan International ('GTJAI', Stock Code: a company of Guotai Haitong Group, is the market leader and first mover for internationalization of Chinese Securities Company as well as the first Chinese securities broker listed on the Main Board of The Hong Kong Stock Exchange through initial public offering. Based in Hong Kong with subsidiaries in Singapore, Vietnam and Macau, GTJAI's business covers major markets around the world, offering high-quality and diversified comprehensive financial services for clients' overseas asset allocation. Core business includes brokerage, corporate finance, asset management, loans and financing, financial products, which cover three dimensions including individual finance (wealth management), institutional finance (institutional investor services and corporate finance) and investment management. GTJAI has been assigned 'Baa2' and 'BBB+' long term issuer rating from Moody and Standard & Poor respectively, as well as an MSCI ESG 'A' rating, Wind ESG 'A' rating and SynTao Green Finance 'A' rating in ESG. Additionally, its S&P Global ESG score leads 84% of its global peers. The controlling shareholder, Guotai Haitong Securities (Stock Code: is the comprehensive financial provider with a long-term, sustainable and overall leading position in the China's capital markets. For more information about GTJAI, please visit
Yahoo
14 minutes ago
- Yahoo
Megyn Kelly Has No Sympathy for Trump on Epstein Mess
MAGA media star Megyn Kelly had some harsh words for President Donald Trump's handling of the Jeffrey Epstein crisis, saying it was 'hard to have a lot of sympathy' for the administration after a series of unforced errors. The issue has dominated the news for weeks after the Department of Justice and the FBI issued a memo earlier this month concluding that the financier, who died in prison in 2019 while awaiting trial on sex trafficking charges, did not have a 'client list' and was not murdered—as many of the MAGA faithful believe—but killed himself. Instead of putting the controversy to rest, the announcement sparked anger and accusations of a cover-up among even some of Trump's most ardent supporters. That response was completely predictable, Kelly said on Monday's episode of Piers Morgan Uncensored, making it 'hard to have a lot of sympathy' for the administration. 'Now the president's very annoyed that it won't go away. It won't go away because of the way he's handled it,' she said. She listed a series of missteps on the part of the administration, including Attorney General Pam Bondi's decision to issue the memo in the middle of a slow news summer without holding a press conference to answer questions about the findings. That decision was particularly misguided considering Trump's picks to lead the FBI—Director Kash Patel and Deputy Director Dan Bongino—had previously 'fanned this flame' and pushed the theory that Epstein was murdered to protect his powerful associates. 'Whoever told the Justice Department that this could somehow be buried and that people would move on and that the Trump administration could get away with that ridiculous two-page summation of 'You're not getting any more information because there's no there there' should be fired,' she said. 'That person is an idiot and didn't understand the Republican base—certainly the core MAGA base.' Instead of getting out ahead of the scandal, the administration has been trying to play catch-up by seeking the grand jury transcripts from Epstein's criminal proceedings—despite knowing the court was not likely to release them—and by speaking to Epstein's accomplice Ghislaine Maxwell. Maxwell, however, is not a reliable source considering she's currently serving a 20-year prison sentence for luring and grooming and Epstein's victims, Kelly said. 'Can we really trust anything this woman says when she it's either this—give something up or someone up—or spend 20 years in jail?' Kelly said. Kelly said she agreed 'completely' with Morgan's assessment of the administration's handling of the scandal, which he described as 'leading everybody up to the water's edge, and then not giving anyone a drink.' 'This is self-inflicted,' she said. Trump and Epstein were friends for years until they had a falling out not over Epstein's sexual impropriety but because he 'stole' Trump's hired help, the president said Monday.
Yahoo
15 minutes ago
- Yahoo
Trump Tells Why He and Epstein Fell Out—and It Wasn't Over Child Sex
President Donald Trump says he 'never had the privilege' of going to Jeffrey Epstein's notorious child sex island and suggests the reason they fell out was because the disgraced financier stole his staff. As the political firestorm over the Epstein files continues, Trump told reporters in Scotland that he didn't talk to his old associate for years 'because he did something that was inappropriate,' which led to Epstein getting kicked out of Trump's Mar-a-Lago resort in Florida. 'He hired help, and I said: 'Don't ever do that again',' the president explained on Tuesday. 'He stole people that worked for me. I said: 'Don't ever do that again.' He did it again, and I threw him out of the place - persona non grata. I threw him out, and that was it. I'm glad I did, if you want to know the truth.' The comments are the first time that the president has gone into such detail about his relationship with Epstein, who he spent nearly 15 years mingling with as public friends, attending everything from lavish dinners at Epstein's mansion in New York to wild parties with models and cheerleaders at Trump's Mar-a-Lago estate. But the president on Monday insisted that he had nothing to do with the notorious sex trafficker's crimes, and 'turned down' the chance to go to Little Saint James, the small private island in the US Virgin Islands that served as the base for Epstein's operations. 'I never had the privilege of going to his island,' Trump said. 'But a lot of people in Palm Beach were invited to his island. In one of my very good moments, I turned it down.' Numerous stories about Trump and Epstein's falling out have surfaced over the years, from suggestions that Trump kicked Epstein out of Mar-a-Lago for hitting on a member's child, to reports of a property dispute between the pair. The private Florida club also played a key role in allegations against Epstein by Virginia Giuffre, one of his victims, who alleged that she was working as a spa attendant at Mar-a-Lago as a teenager when Epstein associate Ghislaine Maxwell approached her and offered her a job as his masseuse. But despite being a known associate of the former financier, Trump played down suggestions that his name is in the Esptein files, claiming the files were a hoax 'run by the worst scum on earth,' such as former president Joe Biden, former FBI Director James Comey, and former Attorney General Merrick Garland. 'If they had anything, I assume they would have released it,' he said, even suggesting that people could 'easily put something in the files that's a phony'. He also rejected reports that he gave a letter and a lewd drawing to Epstein for his 50th birthday. According to the Wall Street Journal, the letter contained several lines of typewritten text framed by the outline of a naked woman with Trump's name mimicking pubic hair. But Trump, who has several drawings on the public record, told reporters: 'I don't do drawings. I'm not a drawing person… Sometimes people would say, 'Would you do a building?' And I'll draw four lines and a little roof, you know, for a charity. But I'm not a drawing person. I don't do drawings of women, that I can tell you.' Epstein died in a Manhattan jail in 2019 as he was awaiting trial on federal sex trafficking charges involving underage girls. In 2022, Maxwell was sentenced to 20 years in prison on federal charges of sex trafficking and conspiracy for helping Epstein recruit and abuse underage girls. However, despite her heinous crimes, Maxwell last week met with Trump's Deputy Attorney General Todd Blanche, where they discussed '100 different people' related to the case, according to her lawyer David Markus. Trump has also not ruled out a pardon for Maxwell, something that would likely inflame tensions among his MAGA base. Asked about this on Monday, he replied: 'I'm allowed to give her a pardon, but nobody has approached me, nobody has asked me for it. It's in the news, but right now it would be inappropriate to talk about it.' Solve the daily Crossword
