China’s service sector activity grows at quicker pace in August: official PMI
Growth in China’s services sector activity picked up for the first time in five months in August, official data showed on Saturday, cushioning some of the economic impact from intensifying U.S. trade pressure.
China’s factory activity shrinks for fourth month as trade pressure mounts
Factory activity in China shrank in August for the fourth month in a row as the United States ramped up trade pressure and domestic demand remained sluggish, pointing to a further slowdown in the world’s second-largest economy.
Wall Street Weekahead: Retailers in spotlight as tariffs on consumer products kick in
U.S. retailers will be front and center on Wall Street next week as the United States imposes new tariffs on $300 billion worth of Chinese imports, including clothing, televisions and jewelry.
U.S. and China will meet in September, Trump says, but tariff hikes remain
Trade teams from China and the United States continue to talk and will meet in September, but tariff increases on Chinese goods set to go in place on Sunday will not be delayed, President Donald Trump said on Friday.
Trump says euro dropping ‘like crazy’ against dollar, blames Fed
U.S. President Donald Trump on Friday accused the U.S. Federal Reserve Bank of inaction as the euro slid in value against the dollar, something he said gave European countries a big trade advantage.
Cuba unveils tighter rules on cooperatives in clampdown on non-state sector
Communist-run Cuba unveiled tighter regulations on non-agricultural cooperatives on Friday, including curbs on their prices, in keeping with a broader push to increase control of the growing non-state sector.
Juul raises over $750 million in expanded funding round
E-cigarette maker Juul Labs Inc, which is facing regulatory scrutiny in the domestic U.S market, has raised $785.2 million in an equity and debt offering as it looks to expand globally, a regulatory filing showed.
Argentina curbs banks’ access to pesos amid growing market turmoil
Argentina’s battered bonds and currency were driven still lower on Friday amid downgrades by three credit rating agencies and a new measure the central bank said was designed to “avoid any lack of money” and safeguard the liquidity of the country’s fin…
Trump says trade meeting with China set for September is still on
President Donald Trump said on Friday a meeting on trade between U.S. and Chinese officials set for September was still scheduled.
Twitter CEO’s hacked account sends racist tweets before being secured
The account of Twitter Inc Chief Executive Jack Dorsey was hacked on Friday afternoon, sending public tweets and retweets including racial slurs and curse words to 4 million followers before Twitter secured the account.
