Rebound in Chinese shares, solid U.S. earnings support Asia
A rebound in battered Chinese stock markets on Monday helped lift Asian equities, which also drew support from earnings-led gains on Wall Street in a welcome relief for investors grappling with an intensifying Sino-U.S. trade conflict.
Exclusive: Alibaba merging China food delivery units to counter Tencent-backed Meituan – sources
Alibaba Group plans to merge its food delivery units and raise funds for the combined business, intensifying a battle with Tencent-backed Meituan Dianping for dominance of China’s booming on-demand services market, four people told Reuters.
Chinese newspaper mocks Trump’s claim of winning trade war as ‘wishful thinking’
Chinese state media kept up their criticism of U.S. President Donald Trump’s trade policies, with a newspaper on Tuesday describing as “wishful thinking” Trump’s belief that a fall in Chinese stocks was a sign of his winning the trade war.
Asian stocks struggle as trade anxiety weighs
Asian stocks wobbled on Tuesday as simmering worries over the U.S.-China trade conflict offset positive leads from earnings-led gains on Wall Street.
U.S. seeks suspension of court action on 1MDB luxury yacht Equanimity
The U.S. Justice Department wants to suspend its legal efforts to take possession of the superyacht Equanimity, impounded as part of a hunt for assets linked to the multi-billion dollar 1Malaysia Development Bhd (1MDB) scandal.
Chinese state newspaper says Trump’s claims of winning trade war are ‘wishful thinking’
A Chinese state newspaper on Tuesday described as “wishful thinking” U.S. President Donald Trump’s belief that a fall in Chinese stocks was a sign of his winning the trade war and an example of his “ability to elasticize the truth.”
Asian stocks flat as trade woes offset earnings-led Wall Street gains
Asian stocks were largely steady on Tuesday, with worries over the U.S.-China trade conflict offsetting support from earnings-led gains on Wall Street.
Icahn to send letter to oppose Cigna-Express Scripts deal: WSJ
Investor Carl Icahn will send an open letter to the shareholders of insurer Cigna Corp asking them to vote against the company’s $52 billion Express Scripts Holding Co buyout, the Wall Street Journal reported on Monday, citing a draft of the letter.
Facebook in talks with banks to expand customer service
Facebook Inc said on Monday it is in talks to deepen links with banks and financial institutions, saying it can help the firms improve their customer service.
Sempra Energy CEO ‘very optimistic’ about talks with Elliott Management
Sempra Energy’s Chief Executive Jeffrey Martin told investors on Monday the company was in a “constructive dialogue” with activist investor Elliott Management, which has been pushing for sweeping changes at the utility.
