U.S. still evaluating requests from firms to sell to China’s Huawei: officials
The U.S. Commerce Department is continuing to evaluate requests by U.S. companies to sell certain equipment to Chinese telecoms company Huawei Technologies Co Ltd, a White House official and Commerce Department spokesman said Friday.
IMF stands by yuan view; says China could need stimulus if trade war worsens
The International Monetary Fund on Friday stood by its assessment that the value of China’s yuan was largely in line with economic fundamentals, but an IMF official said the fund was encouraging China to pursue a more flexible exchange rate with less i…
Peru suspends permit for Southern Copper’s $1.4 billion Tia Maria project
Peru has suspended a construction permit it recently gave to Southern Copper Corp for its $1.4 billion Tia Maria copper project while officials can re-evaluate its legality, authorities announced late on Friday.
Wall Street ends down amid more trade woes, high volatility
U.S. stocks fell on Friday following renewed jitters over the U.S.-China trade war, capping a week of trading that saw big swings and high volume.
Wall Street ends lower amid more trade fears, high volatility
U.S. stocks fell on Friday following renewed jitters over the U.S.-China trade war, capping a week of trading that saw big swings and high volume.
Investors look for consumer pressure ahead of next tariffs
As President Donald Trump prepares to slap new tariffs on Chinese imports, investors are bracing for signs of pressure on U.S. consumers as top retailers begin reporting quarterly results next week and key consumer sentiment and retail sales data is re…
Wall Street drops as Trump comments fan trade worries
Wall Street’s main indexes slipped on Friday after President Donald Trump said the United States and China were pursuing trade talks but he was not ready to make a deal, exacerbating fears that the stand-off would aggravate the global economic slowdown…
Investors embrace ESG investing but don’t target gun stocks
Two new BlackRock Inc funds that exclude gun makers are off to slow starts as socially-minded investors embrace other products addressing a wide range of issues like environmental and governance concerns, according to flow data at the world’s largest a…
Exclusive: PSA, Dongfeng to drop two China auto plants, halve workforce – document
Peugeot maker PSA Group and partner Dongfeng Group have agreed to cut thousands of jobs in China and drop two of their four shared assembly plants, according to a document seen by Reuters, in a last-ditch bid to curb mounting losses as the world’s la…
Oil rises on European stock draw despite demand slowdown forecast
Oil prices rose more than $1 a barrel on Friday, supported by a drop in European inventories and OPEC output cuts despite the International Energy Agency reporting demand growth at its lowest since the financial crisis of 2008.
