China’s Xi promises to lower tariffs this year, open economy further
BOAO, China (Reuters) – Chinese President Xi Jinping on Tuesday promised to open the country’s economy further and lower import tariffs on products including cars, in a speech that comes amid rising trade tensions between China and the United States.
Stocks rally as Xi calms jitters over U.S.-China trade row
SINGAPORE (Reuters) – U.S stock futures rallied, Asian equities bounced and the safe haven yen fell on Tuesday as Chinese President Xi Jinping promised to lower import tariffs on products including cars, helping soothe investor jitters over an escalat…
Zuckerberg faces Senate hearing but little hope for action
WASHINGTON (Reuters) – Facebook Chief Executive Mark Zuckerberg’s No. 1 mission during his appearance before U.S. lawmakers on Tuesday and Wednesday will be to defend against calls to regulate internet-based companies.
South Korean pension fund stops trading with Samsung Securities after fat finger error
SEOUL (Reuters) – South Korea’s biggest pension fund said on Tuesday it stopped trading stocks through Samsung Securities Co Ltd after fat finger error resulted in the accidental issuance of 2.8 billion shares to employees.
NTSB chairman, Tesla CEO talk after fatal ‘Autopilot’ crash
(Reuters) – The chairman of the National Transportation Safety Board and Tesla Inc Chief Executive Elon Musk had a “constructive conversation” on the agency’s probe into a fatal crash involving a Tesla vehicle that was operating in semi-autonomous Auto…
Asian shares pressured as Wall Street ends off highs, focus on Xi speech
SINGAPORE (Reuters) – Asian shares edged lower on Tuesday as Wall Street retreated from its highs after the FBI raided the offices of U.S. President Donald Trump’s long time lawyer, dampening risk appetite already under strain from an escalating U.S.-C…
Chinese real estate firms boost apartment rentals in line with Xi demands
HONG KONG (Reuters) – Major Chinese real estate companies are renting more of the apartments they develop as they respond to President Xi Jinping’s demand that China should produce homes to live in not to speculate on.
Canada explores options as Kinder Morgan halts pipeline work
MONTREAL/BENGALURU (Reuters) – The Canadian government on Monday said it was considering all its options on the Trans Mountain pipeline expansion, including a possible investment of public funds to ensure construction goes ahead, after Kinder Morgan Ca…
China blames U.S for trade frictions, but Trump voices optimism
BOAO, China/WASHINGTON (Reuters) – China stepped up its attacks on the Trump administration on Monday over billions of dollars worth of threatened tariffs, but U.S. President Donald Trump again voiced optimism the two sides would hammer out a trade dea…
Zuckerberg ditches T-shirt, apologizes for Facebook mistakes
WASHINGTON (Reuters) – Facebook Inc Chief Executive Mark Zuckerberg swapped his trademark T-shirt and jeans for a dark suit and a purple tie on Monday as he met U.S. lawmakers to apologize for the social network’s misuse of its members’ data and to hea…
