U.S. dominates second quarter global M&A as mega deals roll on
Mega deals set the pace for mergers and acquisitions (M&A) globally in the second quarter of 2019, as large U.S. companies defied trade row jitters and seized on strong equity and debt capital markets to agree on transformative combinations.
California regulator considers penalty against PG&E in 2017 wildfires
California utilities regulator has opened a case to evaluate and consider penalties against power and gas utility PG&E Corp for its involvement in the fierce wildfires that killed 46 people in Northern California’s wine country in 2017.
U.S. urges Cambodia to probe China-owned economic zone on tariff dodging
The United States on Friday urged Cambodia to investigate a Chinese-owned special economic zone after uncovering efforts by firms operating there to evade duties on products destined for export to the United States.
Germany’s Merkel says trade, Iran on agenda in Trump summit
German Chancellor Angela Merkel said her summit meeting with U.S. President Donald Trump on Friday would cover a wide range of topics including trade, investments, West Africa, counter-terrorism and Iran.
Trump talks trade at G20, China’s Xi warns against protectionism
U.S. President Donald Trump made clear on Friday that trade was his top priority at a summit of leaders of Group of 20 nations, as China’s Xi Jinping warned against rising protectionism and India, Japan and Russia defended multilateral trade rules.
India’s Modi says one-sided decisions drive development of global economy
The development of the global economy is largely driven by one-sided decisions and disputes felt by the entire system, Indian Prime Minister Narendra Modi said on Friday.
Bids to destroy WTO or lower its role counter-productive: Putin
Attempts to lower the role of the World Trade Organisation (WTO) or to destroy it are counter-productive, Russian President Vladimir Putin said on Friday.
China’s Xi says Gulf stands at ‘crossroads of war and peace’
The Gulf region is in a very sensitive situation and is “standing at a crossroads of war and peace”, Chinese President Xi Jinping said on Friday, calling for calm and restraint and talks to resolve the issue.
Japan PM Abe calls for strong G20 message on free trade
Japanese Prime Minister Shinzo Abe on Friday urged leaders from the Group of 20 major economies to deliver a strong message to support “free, fair and indiscriminate” trade as he expressed “deep concerns” over the current landscape of global trade.
Asian shares falter as Trump-Xi trade jitters build
Asian shares stumbled on Friday amid rising doubts that a highly anticipated meeting between U.S. President Donald Trump and Chinese President Xi Jinping this weekend could lead to an easing of trade tensions.
