As trade war bites, China’s factories set for third month of shrinking activity: Reuters poll
Factory activity in China is expected to have contracted for the third month in a row in July, a Reuters poll showed, underlining the intensifying strains on the world’s second-biggest economy from a protracted trade war with the United States.
Oil prices rise amid expectations that U.S. Fed will cut rates
Oil prices rose for a fourth day on Tuesday on optimism the U.S. Federal Reserve will this week cut interest rates for the first time in more than ten years, which should support economic and fuel demand growth in the world’s biggest oil user.
Huawei’s China smartphone market share jumps as rivals lose ground: Canalys
Huawei Technologies [HWT.UL] extended its lead in a declining China smartphone market in the second quarter, with its market share rising to 38% as all other top vendors lost ground, according to data from market research firm Canalys.
Asia stocks gain ahead of Fed, pound pressured by fresh Brexit pain
Asian stocks gained on Tuesday as equity investors prepared for an expected U.S. interest rate cut this week while the pound retreated to a 28-month low as heightened concerns about a no-deal Brexit gripped currency markets.
Khazanah, Temasek to sell part of joint Singapore property for about $1.2 billion
A joint venture between Malaysia sovereign wealth fund Khazanah and Singapore state investor Temasek is selling the office and retail units of its DUO property development in Singapore, it said late on Monday.
Capital One says information of over 100 million individuals in U.S., Canada hacked
Capital One Financial Corp said on Monday that personal information including names and addresses of about 100 million individuals in the United States and 6 million people in Canada were obtained by a hacker who has been arrested.
Asia stocks higher ahead of Fed, pound pressured by fresh Brexit pain
Asian stocks edged up on Tuesday as equity investors prepared for an expected U.S. interest rate cut this week while heightened concerns in currency markets about a no-deal Brexit sent the pound to a 28-month low.
Aircraft lessor BOC Aviation expects delayed delivery of up to 30 jets
Aircraft lessor BOC Aviation Ltd said on Tuesday it expected up to 30 Boeing Co and Airbus SE jets that had been scheduled to arrive this year could be delayed, primarily due to the Boeing 737 MAX grounding.
U.S. firms see little clarity on Huawei as U.S.-China talks resume
A month after President Donald Trump said he would allow U.S. companies to resume selling to blacklisted Chinese telecommunications giant Huawei, his administration has done little to clarify what sales will be permitted.
Oil prices rise ahead of expected U.S. interest rate cut
Oil prices extended overnight gains on Tuesday amid widespread expectations the U.S. Federal Reserve will cut interest rates for the first time in more than a decade this week.
