White House official: New sales to China’s Huawei to cover only widely available goods
President Donald Trump’s decision to allow expanded sales of U.S. technology supplies to Chinese telecommunications giant Huawei will only apply to products widely available around the world, and leave the most sensitive equipment off limits, a top Whi…
Vietnam, EU sign landmark free trade deal
The European Union signed a landmark free trade deal with Vietnam on Sunday, the first of its kind with a developing country in Asia, paving the way for tariff reductions on 99% of goods between the trading bloc and Southeast Asian country.
Real estate stocks have room to gain, residential in favor
The once-sleepy U.S. real estate sector could be poised to continue its revival into the second half of 2019 but investors are selective in their bets on property companies.
Preserve your ammunition, BIS urges top central banks
Bank for International Settlements (BIS) chief Agustin Carstens has urged top central banks to preserve their ammunition for more serious economic downturns rather than deplete it chasing higher growth.
Deutsche Bank in wealth management hiring spree
Deutsche Bank plans to hire 300 more relationship and investment mangers for its wealth management business by 2021, as part of a plan to bulk up in areas the German lender hopes will bring steadier revenue streams.
China warns of long road ahead for deal with U.S. after ice-breaking talks
China and the United States will face a long road before they can reach a deal to end their bitter trade war, with more fights ahead likely, Chinese state media said after the two countries’ presidents held ice-breaking talks in Japan.
Russia agrees with Saudi Arabia to extend OPEC+ oil output deal
Russia has agreed with Saudi Arabia to extend by six to nine months a deal with OPEC on reducing oil output, Russian President Vladimir Putin said, as oil prices come under renewed pressure from rising U.S. supplies and a slowing global economy.
President Donald Trump says is ‘in no hurry’ for a deal with China
U.S. President Donald Trump said on Saturday that while his meeting with China’s President Xi Jinping was far better than expected, he was “in no hurry” to cut a trade deal.
Motel 6 hotel chain to settle lawsuit over sharing guest lists with ICE
Motel 6 has agreed to pay $10 million to settle a class-action lawsuit over claims the budget chain routinely provided guest lists from properties in Arizona to U.S. Immigration and Customs Enforcement (ICE) agents, court documents showed on Saturday.
Jaguar Land Rover to build electric cars at UK factory – report
Britain’s biggest automaker Jaguar Land Rover is expected to announce plans next week to build electric cars at its central English Castle Bromwich factory, the Sunday Times reported.
