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 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 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 trade surplus with the United States swelled to a record in June as its exports accelerated broadly, a result that could further inflame a bitter trade dispute with Washington.
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.
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.
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 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.
The U.S. Justice Department said on Thursday it would appeal a federal judge’s approval of AT&T Inc’s (T.N) $85.4 billion acquisition of Time Warner, raising the prospect barely a month after the deal closed that it could be undone. AT&T was sued by the Justice Department on antitrust grounds, saying that the deal would harm consumers, but U.S. District Judge Richard Leon last month approved the deal, allowing it to move forward following a lengthy trial. Leon ruled that the tie-up between AT&T’s wireless and satellite businesses with Time Warner’s movies and television shows was legal under antitrust …read more […]
Oil prices edged lower on Friday and were set for a second weekly fall, as the market shrugged off a warning that spare capacity may be stretched as OPEC and Russia increase production.
Chinese imports to U.S. ports rose more than expected in June, suggesting that some retailers moved up orders to insulate themselves from an intensifying trade war that threatens to send up costs on a growing number of consumer products.
The dollar held firm near a 10-day high on Friday boosted by expectations U.S. inflation will pick up, although concerns about an escalation in U.S.-China trade tensions limited the greenback’s gains.
Apple Inc will launch a $300 million clean energy fund in China, the firm said in a statement on Friday, working with its suppliers to invest in renewable energy projects that could power close to 1 million homes in the country.
The U.S. Justice Department said on Thursday it would appeal a federal judge’s approval of AT&T Inc’s $85.4 billion acquisition of Time Warner, raising the prospect barely a month after the deal closed that it could be undone.
A Twitter Inc policy change on Thursday to increase the service’s credibility cost its 100 most popular users about 2 percent of their followers, on average, according to social media data firm Keyhole.
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