Business News

Asian stocks handed back earlier gains and fell on Thursday,

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China’s largest ride-hailing company Didi Chuxing has suspended its carpooling service after a passenger was killed, and is likely to face tighter oversight that will squeeze driver numbers and extend customer waiting times.

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Asian stocks surrendered earlier gains and dipped on Thursday,

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Asian stocks were mostly higher on Thursday, buoyed by a firmer finish on Wall Street, which hit record highs on expectations the North American Free Trade Agreement (NAFTA) negotiations will lead to a further easing of global trade tensions.

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U.S. President Donald Trump has signed proclamations permitting targeted relief from steel and aluminum quotes from some countries, the U.S. Commerce Department said on Wednesday.

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Asian stocks rose on Thursday as Wall Street hit record highs in the hope that the current North American Free Trade Agreement (NAFTA) negotiations will lead to a further easing of global trade tensions.

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China’s largest ride-hailing company Didi Chuxing has suspended its carpooling service after a passenger was killed, and is likely to face tighter oversight that will squeeze driver numbers and extend customer waiting times.

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An annual U.S. soy exporters’ conference wrapped up on Wednesday without any known sales to Chinese buyers, in sharp contrast to previous years where billions of dollars of the main U.S. cash crop have been signed over to China in elaborate ceremonies.

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Apple Inc has acquired a startup focused on making lenses for augmented reality glasses, the company confirmed on Wednesday, a signal Apple has ambitions to make a wearable device that would superimpose digital information on the real world.

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The leaders of the United States and Canada expressed optimism on Wednesday that they could reach new NAFTA deal by a Friday deadline as negotiators prepared to talk through the night, although Canada warned that a number of tricky issues remained.

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Canadian Foreign Minister Chrystia Freeland said on Wednesday that NAFTA trade negotiations with the United States were at a “very intense moment” and Canada was looking for compromises that were “win-win” for all sides.

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Panasonic Corp is to move its European headquarters from London to Amsterdam in October to avoid potential tax issues linked to Brexit, the Nikkei Asian Review https://s.nikkei.com/2wt6kal said on Thursday.

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The leaders of the United States and Canada expressed optimism on Wednesday that NAFTA negotiations could meet a Friday deadline for a deal, although Canada warned that hard work on a number of tricky issues was still needed.

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Apparel maker PVH Corp reported a 38 percent rise in second-quarter profit on Wednesday and raised its earnings forecasts for the year, helped by higher sales of its Calvin Klein and Tommy Hilfiger brands.

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The U.S. International Trade Commission said on Wednesday it would investigate whether certain Anheuser Busch InBev NV beverage dispensing systems and components infringe a Heineken NV patent.

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