Trump defends China trade negotiations, vows deal will happen
U.S. President Donald Trump on Tuesday defended his trade war with China as tensions escalated and markets extended their losses, promising a deal with Chinese President Xi Jinping soon, even as fears escalated about a protracted battle.
U.S. LNG companies Cheniere and Tellurian see U.S.-China trade spat as short term
Executives from U.S. liquefied natural gas (LNG) companies Cheniere Energy and Tellurian on Tuesday said they view the trade dispute between China and the United States as temporary, with no major impact on their ability to sell LNG.
India’s Jet Airways loses CEO, a day after CFO quits
Indian carrier Jet Airways said on Tuesday its Chief Executive Officer Vinay Dube had resigned with immediate effect.
Nissan set for weakest profit in 11 years as Ghosn woes, bleak sales weigh
Nissan Motor Co forecast a 28% plunge in its annual operating profit, putting it on course for the weakest earnings in 11 years and underscoring its struggle to turn the page after former Chairman Carlos Ghosn was ousted.
Saudi Aramco bets on oil supply to Europe, trading expansion
Saudi Aramco aims to boost its oil supply to Europe by 300,000 barrels per day (bpd) within the next two years as it expands its trading operations there with an office opening this summer in London, a senior company executive said.
WhatsApp informs Irish regulator of ‘serious security vulnerability’
Facebook’s WhatsApp has informed its lead regulator in the European Union, Ireland’s Data Protection Commissioner (DPC), of a serious security vulnerability on its platform, the DPC said on Tuesday.
WhatsApp urges users to upgrade app after security breach
Facebook’s WhatsApp urged users to upgrade to the latest version of its popular messaging app after reporting that users might be vulnerable to having malicious spyware installed on phones without their knowledge.
Record level of funds hedge against stocks fall: BAML survey
Global investors’ equity allocations fell 6 percentage points in May and over a third of fund managers have taken out protection against sharp stock market falls in coming months, Bank of America Merrill Lynch’s latest monthly survey found on Tuesday.
Fed’s Williams says tariffs boost U.S. inflation, weigh on growth
Tariffs imposed by President Donald Trump on Chinese goods in the escalating trade war between the two countries will boost U.S. inflation and could dampen economic growth, a top Federal Reserve policymaker said on Tuesday.
Goldman Sachs bought Commerzbank’s claim in Saudi’s biggest debt saga: sources
Goldman Sachs has bought a claim against The International Bank Corporation (TIBC), a Bahraini bank whose default 10 years ago triggered the biggest financial crisis in Saudi Arabia, three sources familiar with the matter said.
