Bayer soars on report company proposes $8 billion Roundup settlement
Bayer shares soared as much as 11% on Friday on a Bloomberg report that the German company has proposed to pay $8 billion to settle more than 18,000 U.S. lawsuits on its glyphosate-based weedkiller Roundup case.
Huawei unveils new OS for use in smartphones, other devices
Huawei Technologies unveiled on Friday its proprietary operating system for use in smartphones and other devices, as U.S. trade curbs imposed in May threaten to cut the Chinese firm’s access to crucial U.S. technologies such as Android.
Huawei says tough to meet No.1 smartphone vendor goal due to U.S. curbs
China’s Huawei Technologies [HWT.UL] said on Friday it would be difficult for the firm to meet its previous goal of becoming the world’s biggest smartphone maker by shipments this year due to U.S. curbs imposed in May.
Beyond Meat shelves plans for Japan push, Mitsui says
Beyond Meat Inc has shelved plans to enter Japan, according to a Japan-based investor, focusing more on the U.S. market where it recently bolstered funding to fuel an expansion and beat out emerging faux-meat rivals.
Gains for Asian shares capped by fresh trade jitters, China stocks fall
Asian shares inched up on Friday, helped by Wall Street’s rally, but fresh concerns about Sino-U.S. trade ties capped gains in the region.
Malaysia files charges against current, former directors of Goldman Sachs units
Malaysia has filed criminal charges against 17 current and former directors at subsidiaries of Goldman Sachs Group Inc in a multi-billion-dollar corruption investigation at state fund 1MDB, the attorney general said on Friday.
Asian shares edge up, but renewed trade jitters cap gains
Asian shares on Friday caught the tail of a Wall Street rally aided by China’s solid export figures and a stabilization in the yuan, but fresh concerns about Sino-U.S. trade ties capped the region’s gains.
South Korea boycott hitting sales of Japan’s Uniqlo, company says
A boycott on Japanese goods in South Korea has had an impact on casual clothing chain Uniqlo’s sales in the country, the company said on Friday, highlighting the widening economic hit from a diplomatic row over Tokyo’s wartime role.
Asia stocks inch up but gains capped by fresh Sino-U.S. trade worries
Asian shares caught the tail of a Wall Street rally on Friday, helped by China’s better-than-expected export figures but fresh concerns about Sino-U.S. trade ties are likely to limit gains in the region.
Trade war escalation nudges U.S. closer to recession: Reuters poll
The recent escalation in the U.S.-China trade war has brought forward the next U.S. recession, according to a majority of economists polled by Reuters who now expect the Federal Reserve to cut rates again in September and once more next year.
