China says U.S. should not use IP to suppress other countries’ development
China’s foreign ministry said on Friday that the United States should not use intellectual property to suppress development in other countries.
Oil futures edge lower, set for big weekly declines, on oversupply concerns
Oil prices fell on Friday as markets digested big swings earlier in the week that have left both major benchmarks facing a second weekly loss and largely shrugged off a warning about tightness in spare capacity.
Chinese hotel bumps up rates for Americans by 25 percent amid trade war: Global Times
A hotel in the Chinese city of Shenzhen plans to charge its U.S. guests an extra 25 percent amid a trade war between Beijing and Washington, according to the Global Times, a tabloid published by the ruling Communist Party’s People’s Daily.
Asian shares extend bounce but trade war caps gains
Asian shares extended their recovery on Friday, as investors shifted their focus to bullish expectations for Wall Street earnings and as a weaker yen supported Japanese stocks, though Sino-U.S. trade tensions have tempered exuberance.
Oil prices mixed, but set for big weekly falls
Oil prices were little changed on Friday as markets digested big swings earlier in the week that have left both major benchmarks facing a second weekly loss and largely shrugged off a warning about tightness in spare capacity.
China’s record trade surplus with U.S. risks further inflaming trade tensions
China’s trade surplus with the United States swelled to a record in June as its overall exports remained solid, a result that could further inflame a bitter trade dispute with Washington.
Silicon Valley employees flex newfound political muscles
Employees at several of the world’s biggest technology companies have been exercising newfound political power where they work, pushing their bosses on business ethics with help from established and fledgling nonprofit groups.
Dollar buoyant near 10-day peak, bolstered by higher U.S. yields
The dollar was buoyant near a 10-day peak on Friday, supported by Treasury yields that edged higher on expectations the U.S. inflation rate will rise.
Asian shares extend rebound but trade fears dog China stocks
Most Asian share markets rose on Friday, heartened by gains on Wall Street fueled by expectations of strong U.S. earnings, but China’s markets wobbled as investors braced for the impact of broadening, tit-for-tat Chinese-U.S tariffs.
Apollo Global, CEO Leon Black sued by Caldera Holdings
Apollo Global Management and its Chief Executive Leon Black are being sued by Caldera Holdings, a venture founded by Imran Siddiqui, a former managing director at the buyout firm, a court filing on Thursday showed.
