Ross says phase one trade deal with China will be good start
U.S. Commerce Secretary Wilbur Ross said on Tuesday that very good progress was being made towards completing a phase one trade agreement with China and he was hopeful that it would be a precursor to a much more robust agreement.
Samsung says to shut down U.S. CPU research division
Samsung Electronics Co Ltd said on Tuesday it will shut down a CPU research division at one of its U.S. facilities, a move that analysts said dimmed prospects for the tech giant’s Exynos-branded mobile chips.
Oil steadies after gains driven by trade optimism
Oil prices steadied on Tuesday as investors kept an eye on U.S. inventory data due later, following two days of gains on positive economic data and hopes for a Washington-Beijing trade deal.
Asian shares near July peak as optimism grows on trade, economy
Asian shares approached their July peak on Tuesday on signs the United States and China are inching closer to a truce in their trade war and on optimism the U.S. economy is poised for solid, consumer-driven growth.
China presses Trump for more tariff roll-backs in ‘phase one’ trade deal
China is pushing U.S. President Donald Trump to remove more tariffs imposed in September as part of a “phase one” U.S.-China trade deal, people familiar with the negotiations said on Monday.
Factbox: Snakes and ladders- SoftBank Vision Fund’s climbing, sliding valuations
The $100 billion Vision Fund of Japan’s SoftBank Group Corp has in just over two years burnt through much of its capital investing in money-losing, late-stage tech startups in areas as varied as autonomous driving, healthcare and finance.
Oil edges lower amid doubts over OPEC cuts
Oil prices slipped on Tuesday amid doubts over whether OPEC and other countries will continue to restrain output, edging lower after two days of gains on U.S. economic data and hopes for a Washington-Beijing trade deal.
Uber’s quarterly loss widens as costs rise; shares fall
Uber Technologies Inc on Monday posted a wider third-quarter loss as the company tries to outspend competitors through discounts and invests heavily in loss-making new business ventures, sending its shares down 5.5% in after-hours trading.
Asian shares rally on U.S.-China trade deal hopes
Asian shares closed in on their July peak on Tuesday on increasing signs the United States and China are inching closer to a truce in their trade war and on optimism the U.S. economy is well poised for solid, consumer-driven growth.
China pushing Trump to remove more tariffs ahead of trade deal: media
China is pushing U.S. President Donald Trump to remove more tariffs imposed in September ahead of the signing of the U.S.-China trade deal, Politico reported on Monday, citing three people familiar with internal discussions.
