Trade row slams stocks, yuan slumps to lowest in over a decade
Global stocks fell for a sixth day on Monday as an escalation of a trade war between the United States and China spooked markets and the yuan fell to its lowest levels in over a decade.
Oil prices fall as trade war concerns hit demand outlook
Oil prices fell on Monday on global growth concerns after U.S. President Donald Trump threatened China with more tariffs, which could limit crude demand from the world’s two biggest buyers.
Drug industry urges Canada to act early on U.S. import plan
Canada’s main pharmaceutical lobby group has urged the government not to wait for drug shortages before responding to U.S. plans to import Canadian drugs, according to documents seen by Reuters.
Elliott calls for break-up and bigger buyback at Germany’s Scout24
U.S. activist investor Elliott [ECAL.UL] has urged German classifieds group Scout24 to sell its car listings business and ramp up a share buyback program to boost returns to investors.
Britain signs $425 million Typhoon engine contract with Rolls-Royce
Britain has signed a 350 million pound ($425 million) contract with Rolls-Royce to provide maintenance for the engines of Typhoon fighter jets.
Promotions and patriotism: ‘Battle Mode’ Huawei sees China smartphone sales surge
When 23-year-old Chinese student Aaron Huang started his hunt for an Android replacement for his Apple iPhone in April this year, it was clear which brand was trying hardest to win him over.
HSBC axes CEO Flint in shock shift to speed up strategy
HSBC ousted John Flint as chief executive after just 18 months in a shock move the chairman of Europe’s biggest bank said was needed to speed up progress on priority areas such as the turnaround of its U.S. business.
Trade friction hits stocks, yuan slumps to lowest in over a decade
Global stocks fell for a sixth day on Monday as an escalation of trade tensions between the United States and China spooked markets and the yuan fell to its lowest levels in over a decade.
Asia stocks at six-month lows, yuan slumps as investors flee to safety
Asian shares suffered their steepest daily drop in 10 months on Monday, as Sino-U.S. trade friction sent the yuan slumping to a more than decade trough and stampeded investors into safe harbors including the yen, bonds and gold.
SoftBank Corp first-quarter profit climbs 4% as mobile user numbers grow
Japanese telco SoftBank Corp said on Monday its operating profit in the quarter ended June rose 4%, in line with estimates, as the number of mobile users grew.
