HONG KONG (Reuters) – Authorities in Macau, the world’s biggest gambling hub, have told financial institutions to tackle the illegal use of UnionPay cards to evade exchange controls, China’s latest move to clamp down on illicit capital outflows.
BEIJING (Reuters) – China’s Commerce Ministry said on Thursday that the country does not want an escalation of trade friction with the United States, and that some specific progress was made in talks that concluded over the weekend.
Intel wakes up and smells the money in the PC market. …read more […]
China published final rules of a trial program for securities that would allow companies such as Alibaba Group Holding Ltd. to list on domestic exchanges, a major step in the country’s push to bring some of the world’s biggest technology firms back home. The China Securities Regulatory Commission unveiled the details on its website late Wednesday. …read more […]
TOKYO (Reuters) – Asian shares rose to 2 1/2-month high on Thursday, supported by strong economic fundamentals, while expectations the European Central Bank could start to wind down its stimulus boosted the euro and global bond yields.
BEIJING (Reuters) – Oil prices rose on Thursday to shake off some of the previous session’s losses, supported by plunging exports by OPEC-member Venezuela.
WASHINGTON/OTTAWA (Reuters) – U.S. President Donald Trump is not backing down from the tough line he has taken on trade, the White House’s top economic adviser said on Wednesday, setting the stage for a showdown with top allies at this week’s G7 summit in Canada.
It’s been tough to beat Amazon stock in the past. But the future could be a different story. …read more […]
Jim Cramer gets the latest on Qualcomm’s bid for NXP Semiconductors, its dispute with Apple and the failed Broadcom deal from CEO Steven Mollenkopf. …read more […]
China’s unexpected move to slash incentives for solar power has sent stocks into a free fall and prompted analysts to lower forecasts for global installations this year amid expectations that a glut of excess panels would send prices tumbling. China announced on June 1 changes to the subsidies that has underpinned its rise to become the world’s largest solar market in recent years. IHS Markit, a market research firm, was preparing to lower its global solar installation forecast for this year by between 5 and 10 gigawatts, or up to …read more […]
(Reuters) – Billionaire investor Carl Icahn has acquired a small stake in Allergan Plc at a time when the drugmaker is under pressure from other activist shareholders, people familiar with the matter said on Wednesday.
WASHINGTON (Reuters) – There is little Congress can do to stop President Donald Trump if he wants to relax penalties on ZTE Corp, despite strong bipartisan opposition to easing restrictions on China’s No. 2 telecommunications equipment maker.
Headwinds like soft bookings and rising fuel costs persistently weigh on Southwest Airlines (LUV), resulting in the stock’s decline. …read more […]
(Reuters) – U.S. President Donald Trump, in yielding to pressure from farming states and agreeing to suspend changes to U.S. biofuel policy is now being criticized by another important constituency, the main union for oil refinery workers.
(Reuters) – Wal-Mart Stores Inc on Wednesday settled a lawsuit by a transgender former employee in North Carolina who accused the retail giant of unlawfully firing her for complaining about harassment.
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