Asian shares creep higher on hopes of Sino-U.S. trade truce
Asian share markets turned higher on Thursday following a media report the United States and China have tentatively agreed to a truce in their trade war, ahead of a closely-watched meeting between the two nations this weekend.
Huawei says it got over $1.4 billion in licensing revenue since 2015
Huawei Technologies said it has received over $1.4 billion in licensing revenue since 2015 and paid more than $6 billion in royalties to legally implement intellectual property of other companies.
Oil prices fall, shrugging off U.S. inventory drop, amid G20 uncertainty
Oil fell on Thursday, erasing some of the previous session’s strong gains, as traders await the G20 summit in Japan and a meeting of OPEC and other oil producers to decide on an extension of output cuts.
Oil prices fall as market awaits G20, OPEC
Oil fell on Thursday, erasing some of the previous session’s strong gains, as traders eye the G20 summit in Japan and a meeting of OPEC and other oil producers to decide on an extension of output cuts.
Icahn steps up fight with Occidental over deal, wants board seats
Billionaire investor Carl Icahn on Wednesday ratcheted up his fight with Occidental Petroleum over its pending purchase of rival Anadarko Petroleum by calling for a special shareholder meeting where he hopes to win board seats.
Huawei employees worked with China military on research projects: Bloomberg
Huawei Technologies Co employees worked on at least 10 research projects with Chinese armed forces personnel over the past decade, Bloomberg reported on Thursday, collaborations the Chinese company said it was not aware of.
Facebook CEO says delay in flagging fake Pelosi video was ‘execution mistake’
Facebook Inc Chief Executive Mark Zuckerberg on Wednesday said his social media company took too long to flag as false an altered video of U.S. House Speaker Nancy Pelosi that appeared to show the Democratic Representative slurring and tripping through…
Asian shares going nowhere as G20 looms large
Asian markets were busy going nowhere on Thursday as confusion shrouded the chances of any progress in the Sino-U.S. trade standoff, while bulls scaled back wagers for a drastic cut in U.S. interest rates.
To dodge trade war, Chinese exporters shift production to low-cost nations
Pressured by a labor crunch and rising wages in China, Shu Ke’an, whose company supplies bulletproof vests, rifle bags and other tactical gear to the United States, first considered shifting some production to Southeast Asia a few years ago, but nothin…
Trump says trade deal ‘possible’ with China’s Xi, tariffs could be lower
U.S. President Donald Trump said on Wednesday that a trade deal with Chinese President Xi Jinping was possible this weekend but he is prepared to impose U.S. tariffs on virtually all remaining Chinese imports if the two countries continue to disagree.
