Asian shares veer between gains and losses before key China data
Asian shares shuttled between small losses and gains on Friday as investors awaited China trade, lending and growth data, and as worries over Sino-U.S. trade tensions deflated optimism rooted in expectations of a Federal Reserve rate cut this month.
Asian shares dart between gains and losses before key China data
Asian shares veered between small losses and gains on Friday as investors awaited key China trade and lending data, and as worries over Sino-U.S. trade tensions countered optimism rooted in expectations of a Federal Reserve rate cut this month.
Oil near six-week highs amid Gulf of Mexico storm, Middle East tensions
Oil prices rose on Friday, hovering near six-week highs, as U.S. oil producers in the Gulf of Mexico cut more than half their output in the face of a tropical storm and as tensions continued to simmer in the Middle East.
Air China to buy 20 A350-900 wide-body aircraft from Airbus
Air China Ltd , China’s flagship carrier, will buy 20 A350-900 jets from Airbus SE , both companies said, bolstering the European planemaker’s order book for wide-body jets against Boeing Co amid Sino-U.S. trade tensions.
Property speculators hope for investment paradise in southwest China
A bus came to a halt amid a tropical rainforest not far from China’s border with Myanmar, dropping off about 30 investors on a property tour, some with children in tow.
Oil prices rise amid Gulf of Mexico storm, Middle East tensions
Oil prices rose on Friday as U.S. oil producers in the Gulf of Mexico cut more than half their output in the face of a tropical storm and as tensions continued in the Middle East.
Asian shares ease as Trump rekindles Sino-U.S. trade tensions
Asian shares pulled back on Friday as worries over renewed Sino-U.S. trade tensions weighed on sentiment ahead of the release of June trade data from China, though expectations of a Federal Reserve rate cut later this month kept losses in check.
Nike goes ahead with investment in new Arizona manufacturing plant
Nike Inc said on Thursday it will open a manufacturing facility in Goodyear, Arizona, with a likely investment of at least $184 million, going ahead with the site after the state of Arizona last week withdrew an incentive package following the footwea…
June imports fall at top U.S. hub for China ocean trade
The Los Angeles and Long Beach port complex, the nation’s busiest and the No. 1 for ocean trade with China, – handled 5.1%fewer inbound containers of cargo in June, as the trade standoff between Washington and Beijing disrupts global supply chains.
Fed’s Powell affirms rate cut view; others see U.S. economy humming
As Federal Reserve Chair Jerome Powell kept the focus Thursday on global risks that could trigger a Fed rate cut in coming weeks, his colleagues from regional Fed districts painted a rosier picture of continued U.S. economic growth and a solid business…
