Asia stocks slip, bonds rally on fear China-U.S. trade deal could unravel
Asian equities tracked Wall Street’s slide on Wednesday, while investors switched to safe-haven government bonds, driven by fears that global growth will suffer as a potential trade deal between the United States and China appeared to be unraveling.
Tencent pulls blockbuster game PUBG in China as regulatory approval proves elusive
Tencent Holdings Ltd said on Wednesday it will stop offering in China its test version of global best-selling video game “PlayerUnknown’s Battlegrounds” (PUBG), having waited in vain for over a year to gain regulatory approval to begin sales.
In Canada, a little-known drug regulator shows its teeth
A tiny, little-known government agency is ramping up regulation of Canada’s pharmaceutical industry, seeking to rein in prices for patented drugs that are among the highest in the world, according to industry sources and a Reuters analysis of governmen…
China April crude oil imports hit monthly record, refiners stocked up ahead of sanctions
China’s crude oil imports in April unexpectedly surged to a record despite refinery maintenance outages and tepid domestic fuel demand, customs data showed, as state-run refiners built up stocks of Iranian crude oil anticipating a sanctions clampdown.
China April exports unexpectedly fall but imports rebound as trade talks loom
China’s exports unexpectedly shrank in April but imports surprised with their first increase in five months, painting a mixed picture of the economy as Beijing and Washington make a last-ditch bid for a trade deal before a hike in U.S. tariffs.
China’s April soybean imports rise as buyers delayed cargoes on tax change
China’s soybean imports in April jumped 10.7 percent from the same period a year earlier, customs data showed on Wednesday, as shipments delayed from March reached the world’s top oilseed buyer.
China iron ore imports fall to 18-month low in April as Brazil shipments slide
China’s iron ore imports in April fell to the lowest level in 18 months as poor weather in Brazil, the country’s second-biggest supplier, disrupted shipments and some production by miner Vale SA was halted after a mine accident.
Toyota sees smaller-than-expected profit rise in 2019/2020
Toyota Motor Corp forecast on Wednesday a 3.3 percent rise in operating profit for the current year due to cost reduction measures and changes to its depreciation methods.
Uber drivers eye IPO riches, call for strike in U.S. and UK
Some Uber Technologies Inc drivers in the United States and Britain said they will strike on Wednesday, protesting what they call low pay a day before the ride-services company launches its initial public offering, valuing it at as much as $90 billion….
Asia stocks slip, bonds rally on fears China-U.S. trade deal unraveling
Asian equities tracked Wall Street’s slide on Wednesday, while investors switched to safe-haven government bonds, driven by fears that global growth will suffer as a potential trade deal between the United States and China appeared to be unraveling.
