Business & Finance News
General Motors Co’s second-quarter vehicle sales in China fell 12.2%, as the U.S. automaker was hurt by a slowing economy amid the Sino-U.S. trade war and by heightened competition in its key mid-priced SUV segment.
Britain’s competition regulator served an initial enforcement order on Amazon and Deliveroo on Friday, seeking to pause the e-commerce giant’s investment in the online food delivery company.
Asian shares hovered near two-month highs on Friday as investors braced for U.S. employment data, a key release that could stoke or temper market expectations about aggressive policy easing by the Federal Reserve.
General Motors Co’s January to June vehicle sales in China fell 15%, as the U.S. automaker was hurt by a slowing economy amid the Sino-U.S. trade war and by heightened competition in its key mid-priced SUV segment.
China’s Anbang Insurance Group said it will sell its entire stake in a health insurance unit as Beijing speeds up asset disposals at the troubled government-controlled insurance conglomerate.
U.S. job growth likely rebounded in June, with wage gains expected to pick up, but that would probably not be enough to discourage the Federal Reserve from cutting interest rates this month amid growing evidence the economy is slowing.
Crude oil prices fell on Friday as concerns over the outlook for global economic growth outweighed elevated tensions in the Middle East that could disrupt supply routes and send prices higher.
Asian shares hovered near two-month highs on Friday as investors braced for U.S. employment data, a key release that could stoke or temper market expectations about aggressive policy easing by the Federal Reserve.
Malaysia on Friday charged one of the “Wolf of Wall Street” film producers, and stepson of former prime minister Najib Razak, with money laundering, alleging he misappropriated $248 million linked to state fund 1Malaysia Development Berhad (1MDB).
Samsung Electronics Co Ltd forecast a steep plunge in its second-quarter operating profit as the U.S.-China trade war wreaks havoc in global chip and smartphone markets, although one-off gains helped it beat analyst expectations.
Crude oil prices fell on Friday, pressured by concerns over the outlook for global economic growth.
Asian shares hovered near two-month highs on Friday, holding recent gains as investors awaited U.S. employment data, a key release that could make or break market expectations about aggressive policy easing by the Federal Reserve.
South Korean tech giant Samsung Electronics Co Ltd on Friday said its second-quarter operating profit likely fell 56% from a year earlier, beating analyst estimates.
Samsung Electronics Co Ltd on Friday said its second-quarter operating profit likely fell 56% from a year earlier, beating analyst estimates.
The U.S. government filed a motion on Wednesday asking for the dismissal of a lawsuit by Chinese telecommunications giant Huawei Technologies Co Ltd that claimed the United States had acted illegally when it blacklisted Huawei’s products.
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