Dollar takes a dive, euro catapulted higher as U.S.-China talks start
A dive in the dollar catapulted the euro higher and flattened stocks on Thursday as the first U.S.-China trade talks since July and a report accusing the European Central Bank chief Mario Draghi of going rogue jostled for attention.
Houston Rockets Nike merchandise disappears from China stores
Houston Rockets sneakers and other merchandise were pulled from several Nike stores in major Chinese cities amid the furor surrounding a tweet from the team’s general manager in support of anti-government protests in Hong Kong.
Apple pulls police-tracking app used by Hong Kong protesters after consulting authorities
Apple Inc has removed an app that helped Hong Kong protesters track police movements, saying it was used to ambush law enforcement – a move that follows sharp criticism of the U.S. tech giant by a Chinese state newspaper for allowing the software.
WeWork to open new co-working sites in Singapore and Manila
Office-sharing startup WeWork will open new locations in Singapore and the Philippines this year, it said, even as it seeks a $1 billion lifeline from its biggest-backer Softbank Group Corp for a major restructuring.
Pompeo says China’s treatment of Muslims ‘enormous human rights violation’
U.S. Secretary of State Mike Pompeo said on Wednesday that China’s treatment of Muslims, including the Uighurs, in western China was an “enormous human rights violation” and Washington will continue to raise the issue.
LVMH eases fears over Hong Kong hit, lifting luxury stocks
Shares in LVMH rose on Thursday, lifting other European luxury goods stocks as the Louis Vuitton owner’s stronger-than-expected sales update eased fears of any major fallout from protests in Hong Kong on high-end brands.
China urges U.S. to halt pressure on Chinese companies, including Huawei
China has urged the United States to stop unreasonable pressure on Chinese companies, including Huawei Technologies, foreign ministry spokesman Geng Shuang said at a daily press briefing on Thursday.
Tire maker Michelin to close French site that has 619 staff
French tire maker Michelin said on Thursday it would close down a site in the town of La Roche-sur-Yon, which has 619 staff, as the auto industry grapples with tough market conditions.
Oil prices dip on wilting hopes for U.S.-China trade deal
Oil prices eased on Thursday on the expectations that the resumption of U.S.-China talks will not end the trade war between the world’s two largest oil consumers, exacerbating anxiety over the global economy and fuel demand.
GM’s third-quarter China vehicle sales down 17.5%, as U.S. automakers cede ground
General Motors Co’s July to September vehicle sales in China fell 17.5%, as the U.S. automaker was hurt by a slowing economy amid the Sino-U.S. trade war and by heightened competition in its key mid-priced SUV segment.
