Citigroup doubles down on credit cards even as U.S. economy softens
Despite signs that the U.S. economy is slowing, New York-based Citigroup Inc is betting big on credit cards.
China reserves cut extends risk rally before U.S. jobs data
Stimulus from China capped a strong week for global share markets on Friday, while bond buyers and dollar dealers were waiting for U.S. jobs data after their first significant selloffs in months.
Huawei shows off ‘most powerful’ chipset as forges ahead with 5G smartphone plan
Huawei Technologies showcased its chipset for a new high-end smartphone on Friday, pressing ahead with plans to launch its Mate 30 range, despite uncertainty about whether the new phones will be able to run Google’s Android operating system and apps.
Japan’s Nissan mulls pulling out of South Korea as trade tensions rise: FT
Nissan Motor Co is considering pulling out of South Korea, the Financial Times reported on Friday, as political and trade tensions between Japan and South Korea have caused sales of Japanese products in the neighboring country to plummet.
Exclusive: U.S. congressional probe finds possible lapses in Deutsche Bank controls – sources
U.S. congressional investigators have identified possible failures in Deutsche Bank AG’s money laundering controls in its dealings with Russian oligarchs, after the lender handed over a trove of transaction records, emails and other documents, three p…
Asia shares rise on trade talks hope, firm U.S. data; safe havens sold
Asian stocks gained on Friday, joining a global trend as investors took heart from firm U.S. economic data plans hopes a meeting between U.S. and Chinese negotiators next month signals an easing in trade tensions.
China premier hopes Germany loosens export rules
Chinese Premier Li Keqiang said on Friday that China hopes Germany will accept more Chinese companies and loosen export rule for certain goods.
Merkel says Germany is open for Chinese investment
German Chancellor Angela Merkel said on Friday that Germany is open for Chinese investment and she welcomes all Chinese companies to invest in the country.
Merkel hopes China-U.S. trade problems will be over soon
German Chancellor Angela Merkel said at the start of a visit to Beijing on Friday that the China-U.S. trade war was affecting the whole world and she hoped it would be resolved soon.
Slower U.S. job growth expected, but enough to support economy
U.S. job growth likely slowed further in August, but the pace of gains probably remains sufficient to keep the economy expanding moderately amid rising threats from trade tensions and weakness overseas that have left financial markets fearing a recessi…
