Business News

Asian stocks, U.S. Treasury yields climb as trade row fails to dent confidence

Hong Kong's Hang Seng was up 1.1 percent and the Shanghai Composite Index rose 1 percent following a surge of 1.8 percent the previous day.

Sep 19, 2018

By Reuters

Shipping containers, including one labelled "China Shipping," are stacked at the Paul W. Conley Container Terminal in Boston, Massachusetts, U.S., May 9, 2018. REUTERS/Brian Snyder/File Photo

China to penalize $60 billion of US imports in tit-for-tat move

The tit-for-tat measures are the latest escalation in an increasingly protracted trade dispute between the world's two largest economies.

Sep 19, 2018

By Reuters

Ola raises $50 m from China's communist party-backed investor

Sailing and CEECF, have paid the amount to hold a combined stake of more than 1 percent in Ola which implies that its valuation has gone up since its previous round of funding.

Sep 19, 2018

By Ashish Shukla

Anti-Brexit demonstrators wave EU and Union flags opposite the Houses of Parliament, in London

UK economy will shrink without Brexit deal - IMF

The IMF said it expected Britain's economy would grow by about 1.5 percent a year in 2018 and 2019 if a broad Brexit agreement was struck.

Sep 17, 2018

By Reuters

Investors monitor stock market prices in Kuala Lumpur

Global shares knocked after new U.S. tariff threat on Chinese goods

U.S. President Donald Trump's expected announcement of new tariffs on $200 billion in Chinese goods drew an immediate threat of reprisals from Beijing.

Sep 17, 2018

By Reuters

Amazon almost done investing $5 billion to expand business in India

Amazon is spending its most part of the investment in building infrastructure for the future and it is expected that Amazon is going to invest aggressively in ever-growing market.

Sep 17, 2018

By Ashish Shukla

Anti-capitalism group targets French banks a decade after Lehman Brothers demise

Railing against tax fraud and mega-investments in fossil fuels by the world's biggest banks, the protesters in the French capital lit orange smoke bombs.

Sep 16, 2018

By Reuters

The Labour Party's shadow Chancellor of the Exchequer, John McDonnell, delivers a speech outside the Royal Exchange, opposite the Bank of England in the City in London, Britain September 15, 2018. REUTERS/Hannah McKay

UK opposition says big London banks must never again be 'masters of the economy'

Prime Minister Theresa May's government weakened by her Conservative Party's infighting over Brexit, Labour is hoping her minority government will collapse.

Sep 16, 2018

By Reuters

president-trump-pays-tribute-to-9-11-victims-at-flight-93-memorial

Trump readies tariffs on $200 billion more Chinese goods despite talks: source

Trump, who had already imposed 25 percent tariffs on $50 billion of Chinese goods, said a week ago that he would be adding tariffs on another $200 billion in goods.

Sep 15, 2018

By Reuters

trump-says-hurricane-florence-is-tremendously-big-and-tremendously-wet

Trump denies pressure for trade deal as China welcomes U.S. talks invite

The administration is readying a final list of $200 billion in Chinese imports on which it plans to levy tariffs of 10-25 percent in coming days

Sep 14, 2018

By Reuters

Global Markets: Trade talk plans boost Asian shares, but China shaky

Chinese shares fell, despite a short-lived bump from data that showed forecast-topping industrial output and retail sales data for August.

Sep 14, 2018

By Reuters

Workers install the chassis along a production line at a truck factory of Anhui Jianghuai Automobile Co. Ltd (JAC Motors) in Hefei, Anhui province

China industrial output tops forecasts, but investment growth sinks to new low

Retail sales rose 9.0 percent on-year. Analysts had expected a gain of 8.8 percent, unchanged from July.

Sep 14, 2018

By Reuters

Illustration photo of U.S. Dollar and China Yuan notes

China stocks end higher, yuan gains on hopes of fresh trade talks

Healthcare companies have significantly outperformed the broader market in the year to date, falling 5 percent compared to nearly 20 percent for the CSI300.

Sep 13, 2018

By Reuters

Apple iPhones get bigger and pricier, Watch turns to health

Apple's new iPhone XS, pronounced "ten S," has a 5.8-inch (14.7-cm) screen, and will be sold at a starting price of $999.

Sep 13, 2018

By Reuters

Iran floats surplus oil as demand falls ahead of U.S. sanctions

The build-up in Iranian oil supplies underscores the pressure that Iran is facing as Washington aims to bring Iranian oil exports down to zero to force Tehran to re-negotiate a nuclear deal.

Sep 13, 2018

By Reuters

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