The decision follows a pledge from Xiomara Castro, the incoming president of Honduras, to switch recognition to Beijing

Washington is also allegedly considering adding more tech firms to the Commerce department's entity list and to the Treasury list banning US investment

Move comes after FT reported the US will put the firm on an investment blacklist on Friday, meaning US investors could not buy shares in the group

The outlook for the fourth quarter - normally a popular time for southerners to head north for winter breaks and northerners to head south for warmer weather - has dimmed

Dreamliner deliveries have been delayed for more than a year as Boeing, the aerospace manufacturer, has struggled to correct production problems

China's most powerful leader since Mao Zedong is steering the country back toward its socialist roots, upending financial markets and confusing investors

Goal is cooperation with well-known industry associations, enterprises and other organisations from both home and abroad

Latest steps include making mortgages more easily obtainable and reducing the amount of cash that banks are required to hold

Central bank data show that the M2 money supply - which covers cash in circulation and all deposits - increased 8.5% year-on-year

The China Evergrande debt crisis deepened Thursday as Fitch declared the property giant in default. It must make another 14 bond coupon payments worth almost $1 billion within five months.

China has told companies to sever ties with Lithuania or face being shut out of the Chinese market, but the EU says it may take the matter to the WTO and enact moves to counter economic coercion

The risk of a "Volcker moment" in China is still on with the worst yet to come for its property sector and growth set to plunge to 2.9% in the first quarter of 2022, says Nomura Holdings.