Asian stocks drop as Trump’s new tariffs revive trade gloom
Asian shares fell on Tuesday after U.S. President Donald Trump stunned markets by imposing tariffs on imports from Brazil and Argentina, rekindling fears over global trade tensions, while weak U.S. factory data added to the investor gloom.
Oil gains amid push by Saudi Arabia for further supply cuts
Oil prices rose on Tuesday, as OPEC and its allies discuss whether to deepen a supply cut pact ahead of meetings this week, although prospects after Saudi Arabia’s planned listing of Aramco fuelled uncertainty for traders, limiting gains.
U.S. Cyber Monday sales to hit record $9.2 billion
Cyber Monday sales were on course to bring in a record $9.2 billion, according to evening estimates, building on a bumper Black Friday weekend for U.S. retailers driven by earlier-than-usual promotions and free shipping.
Hong Kong leader warns U.S. law will hurt business confidence, promises economic relief
Hong Kong leader Carrie Lam said on Tuesday U.S. legislation supporting protesters may damage business confidence in the financial hub, as she announced a fourth round of relief measures to boost the city’s battered economy.
Elon Musk’s jury to be queried on opinions of billionaires, visitors to Thailand
Potential jurors in the defamation trial of high-tech entrepreneur Elon Musk may be excused from the case if they voice strong feelings about billionaires or people who visit Thailand.
Stocks drop as Trump’s Brazil, Argentina tariffs revive trade angst
Asian shares tumbled on Tuesday after U.S. President Donald Trump stunned markets with tariffs against imports from Brazil and Argentina, recharging fears about global trade tensions, while weak U.S. factory data added to the investor gloom.
U.S. says sees no reason to reduce tariffs in EU aircraft subsidy case
The U.S. Trade Representative’s office on Monday said it saw no basis in Monday’s World Trade Organization report that would justify reducing U.S. retaliatory tariffs by $2 billion as Europe’s Airbus has suggested.
Huawei plans to shift research center to Canada from U.S.: Globe and Mail
Huawei Technologies Co Ltd plans to shift its research center to Canada from the United States, Ren Zhengfei, the founder of the Chinese telecoms equipment maker, said in an interview with Canada’s Globe and Mail.
States fight bonus pay for CEO of OxyContin maker Purdue
The chief executive officer of OxyContin-maker Purdue Pharma LP should not collect a potential $1.3 million bonus when he has been accused of contributing to the opioid epidemic, a group of state attorneys general said in a court filing on Monday.
Oil rises for a second day as Saudi Arabia pushes supply cut
Oil prices rose for a second day on Tuesday as Saudi Arabia, the de facto OPEC leader and the world’s biggest oil exporter, is pushing producers to deepen a supply cut agreement when suppliers meet this week, potentially lowering supply in 2020.
