Taking aim at U.S., China says provoking trade disputes is ‘naked economic terrorism’
Provoking trade disputes is “naked economic terrorism”, a senior Chinese diplomat said on Thursday, ramping up the rhetoric against the United States amid a bitter trade war that is showing no signs of ending soon.
Huawei launches 5G lab in South Korea, but keeps event low-key after U.S. ban
Huawei Technologies unveiled an open lab for next-generation 5G wireless network in South Korea on Thursday, but kept the launch low-key given its recent blacklisting by the United States, a key security ally of the Asian nation.
Exxon shareholders reject resolutions on climate and splitting CEO, chairman roles
Exxon Mobil Corp shareholders on Wednesday rejected a proposal to split the chief executive officer and board chairman roles that some had promoted to protest a decision to strike an unrelated climate change resolution from the ballot.
Fears of prolonged trade war put Asia stocks in retreat, bonds rally
Asian stocks tracked Wall Street losses on Thursday as latest exchanges between Beijing and Washington signaled the heightened risk of a prolonged trade war, stoking investors’ concerns about the impact on global economic growth.
China vice minister says provoking trade disputes is ‘naked economic terrorism’
China’s Vice Foreign Minster Zhang Hanhui said on Thursday deliberately provoking trade disputes amounted to “naked economic terrorism”, as Beijing continued to dial up its rhetoric amid the festering trade war with the United States.
China set to control rare earth supply for years due to processing dominance
U.S. companies are years away from challenging Chinese dominance of rare earth minerals due to a lack of domestic processing facilities, ensuring the Asian nation will maintain its near-monopoly on refining and powerful leverage in trade talks.
Exclusive: Disney CEO says it will be ‘difficult’ to film in Georgia if abortion law takes effect
Walt Disney Co Chief Executive Bob Iger told Reuters on Wednesday it would be “very difficult” for the media company to keep filming in Georgia if a new abortion law takes effect because many people will not want to work in the U.S. state.
PVH cuts profit forecast as CEO sees retail softness, shares tank
PVH Corp cut its annual profit forecast by 10 cents a share on Wednesday as the Calvin Klein and Tommy Hilfiger brands owner grapples with tariffs and slowing retail growth, exacerbated by weak spending from overseas shoppers in the face of a strong U….
Asia stocks sag, bonds rally as trade war fears persist
Asian stocks tracked Wall Street losses on Thursday as rhetoric from Beijing and Washington over trade matters kept alive investor concerns about the tariff war’s impact on global economic growth.
Pence, Trudeau to discuss Huawei and China trade issues in Ottawa: official
U.S. Vice President Mike Pence and Canadian Prime Minister Justin Trudeau will discuss their countries’ joint dispute with China over Huawei during a meeting in Ottawa on Thursday, a senior U.S. administration official said.
