China evaluating impact from U.S. proposal to boost tech export control
China is evaluating the potential impact from a U.S. proposal to increase control over technology exports, and will take the necessary steps to uphold Chinese firms’ legitimate interests, a spokesman at the commerce ministry said on Thursday.
Steinhoff’s U.S. unit Mattress Firm exits bankruptcy, shuts 660 stores
Steinhoff International said on Thursday its Mattress Firm Inc unit, the largest U.S. mattress retailer, emerged out of bankruptcy with access to $525 million in exit financing, within two months of filing for Chapter 11 protection.
Oil slips as U.S. inventories swell, but OPEC may cut supply to avoid glut
Oil prices slipped on Thursday after U.S. crude inventories swelled to their highest level since December 2017 amid concerns of an emerging global glut, although the potential for a supply cut by OPEC prevented further drops.
Tesla cuts China car prices to absorb hit from trade war tariffs
Tesla Inc is cutting the price of its Model X and Model S cars in China, the U.S. firm said on Thursday, in a shift in strategy that will see it take more of a hit from tariffs linked to a biting trade war between China and the United States.
Asian shares fragile as growth worries sap confidence
Asian shares seesawed in cautious trading on Thursday with China extending losses as investors worried about slowing global growth in the face of rising U.S. interest rates and trade tensions.
Exclusive: HNA in talks with bad debt firm Cinda as it extends $43 billion asset sales – sources
Chinese conglomerate HNA Group has turned to state-owned China Cinda Asset Management Co , among the country’s largest bad debt managers, for advice on asset disposals, people with knowledge of the matter told Reuters.
Nissan board to meet for ousting Ghosn as future of alliance in focus
Nissan Motor Co will hold a board meeting on Thursday to oust Chairman Carlos Ghosn after the shock arrest of its once-revered leader, starting what could be a long period of uncertainty in its 19-year alliance with Renault .
U.S. prosecutors probe Hyundai, Kia vehicle recalls; shares slump
Hyundai Motor and affiliate Kia Motors are being investigated by U.S. prosecutors over whether vehicle recalls were conducted properly, a source said and documents reviewed by Reuters showed, sending their shares sliding.
Oil dips on swelling U.S. stocks, but expected OPEC supply cut stems losses
Oil prices dipped on Thursday after U.S. crude inventories increased to their highest level since December 2017 amid concerns of an emerging global glut, although an expected supply cut by producer cartel OPEC prevented further drops.
Asian shares tick up but growth worries keep investors on edge
Asian shares stepped ahead cautiously on Thursday while oil rebounded from a steep sell-off, though rising U.S. interest rates and escalating trade tensions kept financial markets on edge amid signs of slackening global growth.
