Asian shares retreat as China targets slower growth
Asian shares stepped back on Tuesday, weighed by U.S. growth concerns and as China cut its economic expansion target amid growing challenges from rising debt and a dispute over trade and technology with the United States.
Oil falls on weak demand growth outlook; OPEC-led cuts support
Oil prices fell on Tuesday as markets eyed only modest prospects for growth in fuel demand, although OPEC-led efforts to cut output still offered some support.
Oil dips amid weak demand growth, but OPEC-led supply cuts support
Oil prices dipped on Tuesday amid tepid prospects for growth in fuel demand, but OPEC-led efforts to cut output offered some support.
Cathay Pacific in talks to buy stake in HNA’s HK Express Airways
Hong Kong flagship carrier Cathay Pacific Airways Ltd said on Tuesday it is in “active discussions” about an acquisition involving budget airline Hong Kong Express Airways Ltd, although an agreement has yet to be reached.
Asian shares retreat, China cuts growth target
Asian shares stepped back on Tuesday after China cut its economic growth target and pledged measures to support the economy amid growing challenges from rising debt and a dispute over trade and technology with the United States.
China says Canadian stole secrets; Huawei to sue U.S.
China’s government and its leading smartphone maker, Huawei Technologies Ltd, stepped up pressure on Monday on the U.S. and Canadian governments in a dispute over trade and telecoms technology that has ensnared Huawei’s CFO, who faces U.S. criminal cha…
Barrick says open to Nevada joint venture talks with Newmont
Barrick Gold Corp Chief Executive Mark Bristow said on Monday he wants to speak immediately with Newmont Mining Corp about a proposed Nevada joint venture, even as his company moves to take a $18 billion takeover offer directly to Newmont shareholders….
Lockheed gets $1 billion down payment for Saudi THAAD missile system
Lockheed Martin Corp will receive the first payment toward the installation a $15 billion missile defense system in Saudi Arabia as part of a $110 billion arms package the Trump administration said it negotiated with the Kingdom in 2017, the Pentagon s…
Will $14.5 billion plug GE’s long-term care insurance hole? Some experts say ‘No’
General Electric Co is setting aside one of the largest amounts ever to cover potential losses on policies that provide long-term care in nursing facilities and patients’ homes. But insurance experts are concerned that may not be enough.
Wall Street drops after weak data, healthcare slump
Wall Street’s major indexes fell on Monday, weighed down by a weak U.S. construction spending report and declines in healthcare shares, as an initial rally on optimism over a U.S.-China trade deal faded.
