U.S. President Donald Trump on Tuesday defended his trade war with China as tensions escalated and markets extended their losses, promising a deal with Chinese President Xi Jinping soon, even as fears escalated about a protracted battle.
Oil prices rose sharply on Tuesday after top exporter Saudi Arabia said explosive-laden drones launched by a Yemeni armed movement aligned to Iran had attacked facilities belonging to state oil company Aramco.
World stocks held near two-month lows on Tuesday as slightly more optimistic comments from U.S. and Chinese officials on trade brought some comfort, a day after equities suffered their worst selloff so far this year.
China and the United States have agreed to keep talking about their trade dispute, the Chinese government said on Tuesday, as U.S. President Donald Trump said he thought recent discussions in Beijing would be successful.
U.S. President Donald Trump on Tuesday defended his trade war with China as tensions escalated and markets extended their losses, promising a deal with Chinese President Xi Jinping soon, even as fears escalated about a protracted battle.
Executives from U.S. liquefied natural gas (LNG) companies Cheniere Energy and Tellurian on Tuesday said they view the trade dispute between China and the United States as temporary, with no major impact on their ability to sell LNG.
Saudi Aramco aims to boost its oil supply to Europe by 300,000 barrels per day (bpd) within the next two years as it expands its trading operations there with an office opening this summer in London, a senior company executive said.
Facebook’s WhatsApp has informed its lead regulator in the European Union, Ireland’s Data Protection Commissioner (DPC), of a serious security vulnerability on its platform, the DPC said on Tuesday.
Facebook’s WhatsApp urged users to upgrade to the latest version of its popular messaging app after reporting that users might be vulnerable to having malicious spyware installed on phones without their knowledge.
Tariffs imposed by President Donald Trump on Chinese goods in the escalating trade war between the two countries will boost U.S. inflation and could dampen economic growth, a top Federal Reserve policymaker said on Tuesday.
Goldman Sachs has bought a claim against The International Bank Corporation (TIBC), a Bahraini bank whose default 10 years ago triggered the biggest financial crisis in Saudi Arabia, three sources familiar with the matter said.
Nissan Motor Co forecast a 28% plunge in its annual operating profit, setting it up for the weakest earnings in 11 years and underscoring its struggle to turn the page after the ouster of former Chairman Carlos Ghosn.
Global investors’ equity allocations fell 6 percentage points in May and over a third of fund managers have taken out protection against sharp stock market falls in coming months, Bank of America Merrill Lynch’s latest monthly survey found.
Tariffs imposed by President Donald Trump on Chinese goods in the escalating trade war between the two countries will likely increase the U.S. rate of inflation, a top Federal Reserve policymaker said on Tuesday.
EU antitrust regulators opened an investigation on Tuesday into Insurance Ireland’s data pooling system, concerned that conditions set by the association to access the system may block rivals in violation of EU competition rules.
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