As Trump amps up trade war, China plays nice with foreign investors
Long accused of protectionist tactics that make it a difficult place for foreign firms to operate, China is trying to reverse that narrative amid an escalating trade war with the United States, green-lighting huge investments and portraying itself as a…
BMW says developing joint venture with China’s Brilliance
German carmaker BMW said it was developing its joint venture with China’s Brilliance but did not confirm reports it would raise its stake in BMW Brilliance Automotive (BBA).
Oil rallies as IEA warns of output capacity limits
Oil prices rallied on Thursday, recouping some ground after sharp losses the previous session when Libya said it would resume oil exports.
Dollar near 1 1/2-week highs as U.S. price data eyed
The dollar held at a nine-day high on Thursday, bolstered by concern U.S. inflation pressures will pick up, although worries about an escalation in trade conflict capped gains.
China says has not been in touch with U.S. about restarting trade talks
China’s commerce ministry said on Thursday that China has not been in touch with the United States about restarting trade negotiations and said complaints about forced technology transfers and IP theft are unacceptable.
Sky shares rally after Comcast and Fox go head-to-head in bid battle
Shares in Sky jumped higher on Thursday after Comcast submitted a $34 billion bid for the group just hours after Rupert Murdoch raised his offer, escalating a trans-Atlantic bidding war for the European pan-TV group.
Brent oil gains $1 to claw back some losses as Libyan exports to resume
Brent crude rose more than $1 on Thursday, recouping some ground after its biggest one-day drop in two years during the previous session after Libya said it would resume oil exports and U.S.-China trade tensions raised demand concerns.
Japan’s ANA cancels more flights for engine inspection
Japanese airline ANA Holdings canceled 330 domestic flights from July 23 through July 31, and warned of further cancellations in August as it continues to inspect engines built by Rolls-Royce .
Stocks, commodities recover after latest trade war jolt
Stocks and commodities recovered slightly on Thursday as markets tried to consolidate from the previous session’s steep losses when fears of an escalation in the U.S.-China trade war jolted investor sentiment.
Goodbye inverted yield curve? Fed looks for alternative signals to guide policy
Federal Reserve officials are scouring new niches of the financial markets to find signals accurate enough to warn the central bank when it is time to stop hiking interest rates before they risk tipping the economy into a recession.
