Trade turbulence shows market vulnerability as stocks get pricier
Stock valuations have climbed to levels reached just before Wall Street’s late 2018 plunge, leaving the market at risk of shocks such as the sell-off this week as global trade tensions mounted.
South Korea orders arrest of two Samsung Electronics officials over affiliate’s accounting scandal
A South Korean court said on Saturday it had approved warrants to arrest two senior officials at Samsung Electronics in relation to an alleged accounting fraud at the tech giant’s biopharma affiliate.
Uber fizzles in Wall Street debut, opens below $45 IPO price
Uber Technologies Inc’s shares made a disappointing market debut on Friday, marking a rocky start for the most anticipated initial public offering of the year as other high-profile startups such as Slack and WeWork look to go public.
Trump says no rush to reach deal with China as trade war escalates
U.S. President Donald Trump on Friday said he was in no hurry to sign a trade deal with China as Washington imposed a new set of tariffs on Chinese goods and negotiators ended two days of talks to try to salvage an agreement.
Symantec’s CEO exit seen denting turnaround plan sends stock tumbling
Symantec Corp faces an uphill battle to turn around its business and win investor confidence, analysts said on Friday, after Chief Executive Officer Greg Clark became the fifth top executive in six months to leave the cybersecurity company.
U.S.-China negotiators agree to meet again in Beijing: Global Times editor in chief
Negotiators from the U.S. and China have agreed to meet again in Beijing in the future for further trade talks, the editor-in-chief of China’s Global Times newspaper said on Friday.
Wall Street hit by trade uncertainty; Uber makes tepid debut
U.S. stocks were off session lows on Friday, but the benchmark S&P 500 remained on track for its worst weekly loss since December, as investors fretted over a potential long-drawn U.S.-China trade war.
Walmart Brasil to ditch e-commerce, focus on brick and mortar
Walmart Brasil will close down its e-commerce operation in Latin America’s biggest retail market to focus on brick and mortar locations, converting underperforming hypermarkets into wholesale stores.
Chinese vice premier says trade talks with U.S. went ‘fairly well’: Bloomberg
Chinese Vice Premier Liu He said on Friday that trade talks with the United States went “fairly well”, Bloomberg reported.
U.S. plans more aid for farmers amid China trade spat: agriculture secretary
U.S. Agriculture Secretary Sonny Perdue said on Friday that President Donald Trump had asked him to create a plan to help American farmers cope with the heavy impact of the U.S.-China trade war on agriculture.
