China denounces U.S. ‘rumors’ and ‘lies’ about Huawei ties to Beijing
China on Friday denounced U.S. Secretary of State Mike Pompeo for fabricating rumors after he said the chief executive of China’s Huawei Technologies Co Ltd was lying about his company’s ties to the Beijing government.
Foreign investors hope India dials back policy shocks after Modi win
Foreign companies in India have welcomed Prime Minister Narendra Modi’s election victory for the political stability it brings, but now they need to see him soften a protectionist stance adopted in the past year.
Oil rises toward $69, but set for 2019’s biggest weekly loss
Oil rose toward $69 a barrel on Friday after two sessions of losses, but remained on track for its biggest weekly drop this year due to rising inventories and concerns of an economic slowdown.
Global stocks, oil edge higher on muted trade optimism
World stocks edged higher on Friday and oil prices recovered from bruising falls, after U.S. President Donald Trump nurtured muted hopes of progress in U.S.-China talks while concerns over trade and the health of the world economy persisted.
Light PBOC touch makes once unlikely yuan at 7/$ seem possible
As China’s yuan slips to historically weak levels against the dollar, the central bank’s atypical light touch is spurring speculation that policymakers want to be more judicious in their intervention and have no specific target for the currency.
Nestle still committed to global confectionery: CEO
Nestle remains committed to confectionery despite unloading its U.S. chocolate operations during a review of the food giant’s operations, Chief Executive Mark Schneider told an event in Switzerland on Friday.
British Airways to resume Pakistan flights next week after a decade
British Airways will resume flights to Pakistan next week a decade after it suspended operations following a major hotel bombing, becoming the first Western airline to restart flights to the South Asian country.
China denounces U.S. ‘rumors’ about Huawei ties to Beijing
China on Friday denounced U.S. Secretary of State Mike Pompeo for fabricating rumors after he said the chief executive of China’s Huawei Technologies Co Ltd was lying about his company’s ties to the Beijing government.
China airline association estimates losses from 737 MAX grounding at $579 million
The China Air Transport Association (CATA) on Friday said it estimates losses at Chinese airlines caused by the grounding of Boeing Co’s 737 MAX aircraft will reach around 4 billion yuan ($579.32 million) by the end of June.
Singapore chases tech ‘Jedi Masters’ for Silicon Valley ambitions
San Francisco-based investor Paul Bragiel said he needed to be asked three or four times before he accepted an invitation from Singapore to come check out its tech scene.
