China to its state media: keep calm, don’t inflame trade row with U.S.
China is clearly angry about Washington’s hard line on trade, but has controlled coverage of the row in its media, limiting open commentary and banning attacks on U.S. President Donald Trump, several sources with knowledge of the matter said.
U.S. says the ‘reckoning’ over China trade is too big for WTO
A “reckoning” over China’s unfair trade policies is urgent and is too big for the World Trade Organization to handle, U.S. ambassador Dennis Shea told a WTO meeting on Wednesday.
Facebook facing small but symbolic UK fine over data protection breaches
Britain’s information regulator slapped Facebook with a small but symbolic fine for breaches of data protection law after millions of users’ data was improperly accessed by consultancy Cambridge Analytica.
Malaysia reviews monopoly risk in ride-hailing market after Grab-Uber deal
Malaysia is studying monopoly risk in the ride-hailing market in the country triggered by the merger of Grab and Uber, and is bringing the service under some existing regulations, the transport ministry said on Wednesday.
Brent oil falls more than $2 after Trump tariff threat, Libya ports reopen
Global oil benchmark Brent fell more than $2 a barrel on Wednesday after U.S. President Donald Trump threatened to levy new tariffs on China and Libya announced the reopening of key oil export terminals.
China’s CIC sovereign fund says trade war would hurt its investments
The president of China’s CIC sovereign wealth fund said on Wednesday that a trade war appeared unavoidable, and that the dispute would have a negative impact on CIC’s investments.
Credit Suisse nears $360 million deadline in fraud suit built on a hunch
When the high-end property development Lake Las Vegas collapsed during the 2008 financial crisis, 31 funds that helped finance the project lost a total of $540 million. But only one of them, Dallas-based hedge fund Highland Capital Management, aggressi…
India’s Vistara orders Boeing, Airbus jets worth $3.1 billion in growth plan
Indian airline Vistara has placed firm orders for six Boeing Co 787 jets and 13 Airbus SE A320neos valued at $3.1 billion at list prices, as it looks to add more domestic flights and launch international routes later this year.
Stocks, metals hit by new U.S. trade war salvo
Stocks fell and metals prices slumped to their lowest in a year on Wednesday, as U.S. threats of tariffs on an additional $200 billion worth of Chinese goods pushed the world’s two biggest economies ever closer to a full-scale trade war.
Malaysia studying monopoly risk in ride-hailing market after Grab-Uber deal
Malaysia is studying monopoly risk in the ride hailing market following the merger of Grab and Uber, the transport ministry said on Wednesday.
