Oil rises as Middle East tensions mounts, set for weekly gains
Oil prices rose again on Friday and were on track for the first weekly gains this month, as rising tensions in the Middle East stoked fears of supply disruptions.
Asian shares feeling blue as Shanghai turns red
Asian shares were struggling to end a bleak week in the black on Friday as upbeat U.S. economic news and solid company earnings offered only a fleeting respite from the interminable Sino-U.S. trade dispute.
China says economic impact of U.S. trade tensions ‘controllable’
China’s state planner said on Friday trade frictions with the United States has had some impact on China’s economy, but it was “controllable” and countermeasures would be rolled-out when needed to “keep economic operations within reasonable range”.
U.S. trade war will only make us stronger, China’s top paper says
The trade war with the United States will only make China stronger and will never bring the country to its knees, the Communist Party’s People’s Daily wrote in a front page commentary that evoked the patriotic spirit of past wars.
Huawei’s HiSilicon says it has long been preparing for U.S. ban scenario
Huawei Technologies’ chip arm HiSilicon said on Friday it has long been prepared for the “extreme scenario” that it could be banned from purchasing U.S. chips and technology, and is able to ensure steady supply of most products.
Oil extends gains into fourth straight day on Middle East tensions
Oil prices edged higher on Friday, extending gains into a fourth session as rising tensions in the Middle East stoked fears of potential supply disruptions.
Nissan’s Saikawa to stay on as president, Renault chief to join board: sources
Nissan Motor Co will keep Hiroto Saikawa on as president, two sources said on Friday, even as alliance partner Renault SA had been pushing for a change in the Japanese automaker’s leadership.
Japan Finance Minister Aso says Huawei ban could affect Japanese firms
A U.S. bid to block China’s Huawei Technologies from buying vital American technology could affect Japanese companies and weigh on economic growth, Japanese Finance Minister Taro Aso said on Friday.
U.S. recession risk rises as U.S.-China trade tensions heat up: Reuters poll
Over the last month the U.S.-China trade war has boosted the risk of a U.S. recession, say a strong majority of economists polled by Reuters, who now put the chances of that happening in the next two years at 40%.
Asian shares struggle for footing after tough week
Asian shares were trying to end a bleak week in the black on Friday as upbeat U.S. economic news and solid company earnings offered a respite from the interminable Sino-U.S. trade saga.
