U.S. government posts widest deficit since 2012
The U.S. government closed the 2018 fiscal year $779 billion in the red, its highest deficit in six years, as Republican-led tax cuts pinched revenues and expenses rose on a growing national debt, according to data released on Monday by the Treasury De…
Lost in transmission: China’s small firms get more loans on paper but not in reality
Beijing is keen to show results after four rounds of policy easing, so China’s big banks are playing along, highlighting their efforts to boost lending to cash-starved small firms, offering collateral waivers and setting loan targets.
Asia stocks edge higher but Saudi tensions limit advance
Asian stocks rose modestly on Tuesday, gaining a firmer footing after a week of heavy losses, although cooling factory-gate inflation in China and increasing tensions between Saudi Arabia and the West have capped gains.
Trade war cost: China’s third quarter GDP growth seen hitting lowest since 2009 – Reuters poll
At week’s end, global investors and policy makers will likely be given a stark reminder of the costs of a bitter Sino-U.S. trade war, with a Reuters poll predicting that China’s third-quarter growth will slow to its weakest pace since the global financ…
Ford unveils new China SUV, eyes sales boost next year
U.S. carmaker Ford Motor Co unveiled a new China sport utility vehicle (SUV) on Tuesday, and said its plan to release a spate of new models will help turn around tumbling sales in the world’s top auto market from the start of next year.
Asia stocks edge up but Saudi tensions limit gains
Asian stocks rose modestly on Tuesday, gaining a firmer footing after a week of heavy losses, although increasing tensions between Saudi Arabia and the West have fanned geopolitical concerns and capped gains.
United States seeking Mexican steel export quotas: negotiator
The United States is seeking to impose quotas on Mexican steel exports as part of a negotiation to remove metals tariffs, the chief trade negotiator of Mexico’s incoming government said on Monday, adding the issue needed to be resolved within weeks.
Asia stocks bounce modestly but Saudi tensions limit gains
Asian stocks bounced modestly on Tuesday, gaining a toe-hold after a week of heavy losses, although increasing tensions between Saudi Arabia and the West fanned geopolitical concerns and capped gains.
Qualcomm, FTC ask judge to delay ruling to pursue settlement
Qualcomm Inc and the U.S. Federal Trade Commission on Monday asked a federal judge to delay a preliminary ruling in an antitrust case U.S. regulators brought against the mobile chip company in order to pursue settlement talks.
Google latest to withdraw from Saudi conference
Alphabet Inc’s Google on Monday became the latest company to drop out of a business conference in Saudi Arabia.
