Oil prices rose on Monday after the United States and China both suggested they could ease up in a trade war that has undermined the outlook for the global economy and for crude demand.
Tesla Inc CEO Elon Musk and Alibaba Group Holding Ltd chairman Jack Ma will speak at a conference on artificial intelligence (AI) to be held this week in Shanghai, an Alibaba spokeswoman said on Monday.
China’s said it is ready to take more steps to protect its interests if the United States moves ahead in enacting new tariffs.
U.S. electric vehicle maker Tesla Inc will on Friday raise its prices in China, earlier than planned, and is considering increasing prices again in December should Chinese tariffs on U.S.-made cars take effect, two people familiar with the matter said.
Asian shares sank on Monday as the latest salvos in the Sino-U.S. trade war shook confidence in the world economy and sent investors steaming to the safe harbor of sovereign bonds and gold, while slugging emerging market currencies.
President Donald Trump said on Monday China had contacted U.S. trade officials overnight to say they wanted to return to the negotiating table, welcoming the news as a very positive development for the world.
Oil prices fell on Monday, pushing U.S. crude to the lowest in more than two weeks, as an intensifying trade war between the U.S. and China undermined confidence in global economic growth.
Asian shares sank on Monday as the latest salvos in the Sino-U.S. trade war shook confidence in the world economy and sent investors steaming to the safe harbor of sovereign bonds and gold, while slugging emerging market currencies.
Japan’s top government spokesman denied on Monday that Tokyo made too many concessions in trade talks with the United States, saying the fact the two countries were able to reach a broad agreement was “very valuable.”
Nissan Motor Co’s premium brand Infiniti said it has named Taisuke Nakamura as its new design chief, replacing Karim Habib who resigned from the post.
China is willing to resolve its trade dispute with the United States through “calm” negotiations and resolutely opposes the escalation of the conflict, Vice Premier Liu He, who has been leading the talks with Washington, said on Monday.
Chinese Vice Premier Liu He said on Monday that China is willing to resolve its trade dispute with the United States through calm negotiations and resolutely opposes the escalation of the conflict, a state-backed newspaper reported.
By Aislinn Laing, Marina Lammertyn, Marcelo Rochabrun and Nelson Bocanegra
Oil prices fell on Monday, pushing U.S. crude to its lowest in more than two weeks, as an intensifying U.S.-China trade war knocked confidence in the global economy.
Japan’s top government spokesman said on Monday he did not think Tokyo had compromised too much in trade talks with the United States.
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