China-owned SEZ in Cambodia denies transhipping to evade U.S. tariffs
A China-owned special economic zone in Cambodia has denied that its firms have been fined by the United States for transhipping goods from China in a bid to dodge U.S. President Donald Trump’s tariffs on Chinese imports.
Asian stocks slip amid persisting trade angst, political tensions
Asian stocks slipped on Friday, as U.S.-Iran tensions and anxieties over Sino-U.S. trade talks left markets in the region struggling to match the euphoria on Wall Street over a possible U.S. interest rate cut next month.
Oil prices dip, still set for weekly gains amid Mideast tensions, rate cut hopes
Oil prices reversed earlier gains on Friday but benchmark Brent crude was still set for its first weekly gain in five weeks amid rising tensions in the Middle East and on hopes for a drop in U.S. interest rates that may stimulate global growth.
UK’s Domino’s eyes Europe chief of Aussie Domino’s as next CEO: Sky News
(This June story corrects throughout to say UK’s Domino’s to replace its CEO with Europe CEO of Australia’s Domino’s Pizza Enterprises)
Malaysia aims to recover about $5 billion in 1MDB-linked assets
Malaysia is looking to recover about $5 billion worth of foreign assets linked to state fund 1MDB, set up in 2009 by then prime minister Najib Razak and the subject of money laundering probes, an anti-graft official said on Friday.
Asian stocks fail to catch Wall Street’s Fed rally as trade angst persists
Asian stocks struggled on Friday to follow Wall Street’s euphoria about a possible U.S. rate cut next month as anxiety over Sino-U.S. trade negotiations clouded investor sentiment in the region.
Foxconn chairman hands over reins ahead of presidential bid
Foxconn Chairman Terry Gou said on Friday he will hand over the running of the world’s largest electronics contract manufacturer to a new operations committee as he prepares to contest Taiwan’s presidential elections next year.
Foxconn elects chip unit head as chairman, replacing Gou
Taiwan’s Foxconn said on Friday it named as chairman Liu Young-Way, the current boss of its chip unit, replacing Terry Gou.
Delta buys stake in Korean Air parent, may help avert activist threat
Delta Air Lines bought a 4.3% stake in Korean Air Lines Co’s parent company and said it wants to raise it to 10%, giving a boost to the management of South Korea’s top carrier that seeks to thwart a local activist fund’s challenge.
U.S. regulator bars airlines from flying over some Iran-controlled airspace
The U.S. Federal Aviation Administration issued an emergency order on Thursday prohibiting U.S. operators from flying in Iran-controlled airspace over the Strait of Hormuz and Gulf of Oman due to heightened tensions.
