Oil prices fall as hopes for U.S.-China trade progress wilt
Oil prices fell on Thursday on concerns of lower fuel demand as talks this week between the United States and China, the world’s two largest oil users, are not expected to help end the trade war between them, adding to anxieties about the global econom…
WeWork to open two new locations in Singapore amid cost-cutting drive
Office-sharing startup WeWork on Thursday said it will open two new locations in Singapore this year, even as its seeks a $1 billion lifeline from its biggest-backer Softbank Group Corp to progress a major restructuring.
U.S. tariffs on China are working, says U.S. Secretary of Commerce
Tariffs are forcing China to pay attention to U.S. concerns, Secretary of Commerce Wilbur Ross said in Sydney on Thursday.
Power cut to millions as California faces heightened wildfire risks
Electricity was shut off to nearly 750,000 California homes and workplaces on Wednesday as Pacific Gas and Electric Co (PG&E) imposed a string of planned power outages of unprecedented scale to reduce wildfire risks posed by extremely windy, dry weather.
Global stocks recover but anxiety over trade talks lingers
Global stocks recouped early losses as news reports raised hopes that the United States and China would settle some economic disputes, but investors were kept on edge by an earlier report that trade talks due to begin on Thursday could be cut short.
Gene testing firm gets 25-year ban in $42.6 million kickback settlement
A New Orleans-based genetics testing company and its three principals will pay $42.6 million to resolve charges they defrauded the federal government by paying kickbacks for referrals and billing for medically unnecessary tests, the U.S. Department of …
U.S. tariffs on China are working, U.S. Secretary of Commerce says
Tariffs are forcing China to pay attention to U.S. concerns, according to a copy of a speech to be given by U.S. Secretary of Commerce Wilbur Ross on Thursday.
U.S. to issue licenses for supply of non-sensitive goods to Huawei: NYT
The United States will soon issue licenses allowing some U.S. companies to supply non-sensitive goods to China’s Huawei, the New York Times reported, as high-level officials from the two countries meet this week to resume trade talks.
Shares in China’s Hikvision and Dahua dive after U.S. blacklisting
Shares of Hangzhou Hikvision Digital Technology and Zhejiang Dahua Technology Co Ltd, which were among companies blacklisted by Washington, fell sharply in early trading on Thursday.
U.S. weighing China currency pact as part of partial trade deal: Bloomberg
The United States is weighing a currency pact with China as part of a partial deal that could see a planned tariff hike next week being suspended, Bloomberg reported https://bloom.bg/35vnu7g on Wednesday, citing people familiar with the talks.
