Asian stocks advanced on Thursday, tracking a surge on Wall Street, after the chairman of the U.S. Federal Reserve suggested it may nearing an end to its three-year rate tightening cycle, boosting interest in riskier assets.
Huawei Technologies Co Ltd said it was seeking clarification from New Zealand after the country’s intelligence agency rejected the telecommunication industry’s first request to use the Chinese firm’s equipment in its planned 5G mobile network.
Volkswagen is deciding where to locate a new factory in North America to build electric vehicles for the U.S. market, the German automaker’s new head for the Americas said on Wednesday.
The U.S. Army said on Wednesday that it has awarded Microsoft Corp a $479.2 million contract to supply prototypes for the Army’s augmented reality systems helping soldiers in training and combat missions.
Tobacco company Altria Group Inc is in talks to take a minority stake of 20 to 40 percent in e-cigarette maker Juul Labs Inc, people familiar with the matter said on Wednesday.
Asian stocks rose on Thursday tracking a Wall Street rally as dovish comments from Federal Reserve Chair Jerome Powell boosted investor sentiment towards riskier assets.
An end to the bull run in global stocks is not far away, according to a Reuters poll which also showed a broad cut to forecasts for next year on concerns over global growth and tightening financial conditions.
U.S. President Donald Trump said on Wednesday that new auto tariffs were “being studied now,” asserting they could prevent job cuts such as the U.S. layoffs and plant closures that General Motors Co announced this week.
Two U.S. senators on Wednesday asked the Trump administration to investigate whether Chinese telecommunications company ZTE Corp violated U.S. sanctions by helping Venezuela set up a database that monitors the behavior of its citizens.
Saudi Arabia will buy Lockheed Martin’s $15 billion missile defense system, a U.S. Department of State spokesman said on Wednesday, after aggressive lobbying by the administration to close the deal that included a personal call between President Donald Trump and Saudi King Salman.
Fred Perrotta spent four years building a network of Chinese suppliers for his line of trendy backpacks, but as soon as the United States announced tariffs on almost half of its Chinese imports, he started looking for suppliers in other countries.
U.S. Trade Representative Robert Lighthizer said on Wednesday that he was examining all available tools to raise U.S. tariffs on Chinese vehicles to the 40 percent duties that China is now charging on U.S.-produced vehicles.
A group of Jewish Americans sued Airbnb Inc on Wednesday in U.S. federal court, accusing the home rental company of religious discrimination over its decision last week to remove listings for about 200 homes in the Israeli-occupied West Bank.
Federal Reserve Chair Jerome Powell injected investors with a strong dose of optimism on Wednesday, saying that the central bank’s policy rate is now “just below” estimates of a level that neither brakes nor boosts a healthy U.S. economy, comments that many investors read as signaling the Fed’s three-year tightening cycle is drawing to a close.
A federal judge in San Francisco on Wednesday ordered the U.S. Justice Department and Fiat Chrysler Automobiles NV to hold new talks with a court-appointed settlement master to try to settle the government’s civil suit over the Italian-American automaker’s diesel vehicle emissions.
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