Chinese traders ditch cheap U.S. coal for domestic supply as tariffs loom
Some Chinese coal traders handling U.S. imports have begun sourcing future supplies domestically, people with knowledge of the matter said, as they await delivery of the last U.S. cargoes to arrive before hefty tariffs kick in on Thursday in a deepenin…
Asian shares edge up, but political, economic woes hurt sentiment
Asian stocks inched higher on Wednesday, with sentiment boosted by Wall Street’s rise and a record intraday high for the S&P 500 index, but political headlines in the U.S. and Australia and a retreat in Chinese markets darkened the mood.
U.S., China to resume trade talks in Washington amid low expectations
U.S. and Chinese officials are set to resume contentious trade talks on Wednesday under the cloud of a prediction by U.S. President Donald Trump that there would be no real progress.
Linde-Praxair merger hits antitrust hurdle; talks continue
Linde warned that divestments needed to secure approval for its planned tie-up with Praxair have reached a size that would allow either party to abandon the deal, but added it was in constructive talks to salvage the $83 billion merger.
In Kenmore sale, Sears’ pension liabilities come back to bite
Sears Holdings Corp is facing a familiar foe in its bid to sell off the Kenmore appliances brand: the U.S. government body that oversees the pensions for the company’s 100,000 retirees.
Deal-hungry investment bankers walk Tesla tightrope
Tesla Inc Chief Executive Elon Musk’s contemplated $72 billion take-private deal is presenting investment bankers with a dilemma: overlook concerns about how feasible it is or risk missing out on what could be this year’s biggest and most high-profile…
Two U.S. airlines cut China routes as state-backed rivals turn up heat
Two U.S. airlines on Tuesday cut routes between China and the United States, underscoring increasingly tough competition from state-backed Chinese rivals as they aggressively expand their fleets with cut-price tickets.
Most Asian shares edge up after Wall St. gains, but China down
Asian stocks eked out gains on Wednesday, with sentiment boosted by Wall Street’s rise and a record intraday high for the S&P 500 index on Tuesday, but fragile Chinese markets retreated after two days in the black.
Asian shares flat as drop in S&P 500 futures weighs
Asian stocks were flat in early trade on Wednesday after Wall Street ended higher, with the S&P 500 index touching a record high on Tuesday, and as lower-level trade talks between the U.S. and China due this week boost hopes of easing trade tensions.
Business groups urge Trump, Erdogan to meet as dispute hits investments
U.S.-Turkey business groups on Tuesday warned that a political dispute between the NATO allies was affecting investor confidence and had forced some firms to suspend investment plans.
