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Business News

Asian stocks on edge hours before tariff deadline

SHANGHAI (Reuters) – Asian share markets were set for a bumpy ride on Friday just hours ahead of a U.S. deadline to impose tariffs on Chinese imports, which has rattled financial markets in recent weeks as investors feared it could trigger a full-blown global trade war.

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Business News

Samsung Electronics says second quarter profit likely grew 5.2 percent, slowest pace in over 12 months

SEOUL (Reuters) – South Korean tech giant Samsung Electronics Co Ltd estimated on Friday earnings would grow at the slowest pace in more than a year in the second quarter, as analysts said weak smartphone sales likely offset record high chip earnings.

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Trading Ideas

Under fire for ethics scandals, EPA chief Pruitt resigns

U.S. Environmental Protection Agency chief Scott Pruitt, who pleased President Donald Trump by rolling back environmental regulations but came under heavy fire in a series of ethics controversies, has resigned, Trump said on Thursday. Pruitt was under scrutiny for months over first-class travel at taxpayer expense, security spending, connections with lobbyists and industry groups, accusations of using his office for favors, a $43,000 soundproof phone booth for his office and his rental of a high-end condo from an energy lobbyist’s wife. Numerous Democratic lawmakers and even some fellow Republicans had called for his resignation. …read more […]