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Updated: 1 hour 3 min ago

Wall Street falls as White House vows to raise China tariffs

Tue, 05/07/2019 - 05:12
U.S. stocks fell on Monday after President Donald Trump pledged to raise tariffs on Chinese goods, though Wall Street finished well off its session lows as some investors saw Trump's comments as a bargaining tactic and expressed confidence in an eventual trade agreement.

Qatar pledges $480 million in support of Palestinians - Foreign Ministry

Tue, 05/07/2019 - 04:03
Qatar pledged 480 million dollars in support of Palestinians in the West Bank and Gaza, Qatar's Foreign Ministry said in a statement on Monday.

Goldman Sachs global equities trades co-head Levine to retire

Tue, 05/07/2019 - 04:01
Goldman Sachs Group Inc said on Monday its co-head of global equities trades and execution services, Brian Levine, will retire this summer, according to a memo viewed by Reuters.

Tyson Foods expects to profit from hog fever in China, warns it may hit U.S

Tue, 05/07/2019 - 03:12
Tyson Foods Inc said on Monday that the U.S. meat processing industry could reap significant financial gains from a global shortfall in pork as an incurable hog disease spreads rapidly across Asia.

U.S. says China reneged on trade commitments, talks continue

Tue, 05/07/2019 - 03:10
China had backtracked on commitments in trade talks, prompting U.S. President Donald Trump to threaten additional tariffs over the weekend, but Washington would be willing to keep talking if the Chinese changed position, top U.S. trade officials said on Monday.

Corrected: Indonesia first-quarter GDP growth slower than expected as investment cools

Mon, 05/06/2019 - 11:09
Indonesia's gross domestic product grew more slowly than expected in the first quarter of this year, as investment dropped and prices of its main commodities softened, data from the statistics bureau showed on Monday.

Oil tumbles after Trump threatens new tariffs on Chinese goods

Mon, 05/06/2019 - 10:58
Oil prices tumbled on Monday after U.S. President Donald Trump on Sunday said he would sharply hike tariffs on Chinese goods this week, risking the derailment of trade talks between the world's two biggest economies.

Norway's Telenor plans Asian telecoms merger with Axiata

Mon, 05/06/2019 - 10:52
Norway's Telenor is in negotiations with Malaysia's Axiata Group to form a telecoms holding company with close to 300 million customers, the companies said on Monday.

Mitsubishi plans $1.4 billion rescue for plant engineering firm Chiyoda: Nikkei

Mon, 05/06/2019 - 10:50
Japanese trading house Mitsubishi Corp and MUFG Bank plan to rescue plant engineering company Chiyoda Corp with a $1.4 billion lifeline, betting on a turnaround fuelled by greater LNG demand, the Nikkei newspaper reported on Monday.

Global shares, oil plunge after Trump vows China tariff hike

Mon, 05/06/2019 - 10:35
Global financial markets reeled on Monday after U.S. President Donald Trump unexpectedly jacked up pressure on China to reach a trade deal in the midst of negotiations, saying he would hike U.S. tariffs on Chinese goods this week.

April service sector growth at seven-month low, dented by elections: PMI

Mon, 05/06/2019 - 10:34
India's services sector expanded at its slowest pace in seven months in April as some businesses postponed decisions and expansion plans until seeing results of the general election currently under way, a private survey showed on Monday.

China gives modest boost to economy with RRR cut amid renewed trade tensions

Mon, 05/06/2019 - 10:26
China's central bank said on Monday it will cut reserve requirement ratios (RRRs) to release about 280 billion yuan ($41 billion) for some small and medium-sized banks, in a targeted move to support companies struggling amid an economic slowdown.

Trump vows tariff hike on Chinese goods, escalating tension in trade talks

Mon, 05/06/2019 - 09:49
President Donald Trump dramatically increased pressure on China on Sunday to reach a trade deal, saying he would hike U.S. tariffs on $200 billion worth of Chinese goods this week and target hundreds of billions more soon.

Factbox: Tariff wars - duties imposed by Trump and U.S. trading partners

Mon, 05/06/2019 - 09:44
U.S. President Donald Trump said on Sunday he would raise tariffs to 25 percent from 10 percent on $200 billion of Chinese imports by the end of the week.

Five things to watch for during LME Asia Week

Mon, 05/06/2019 - 09:42
LME Asia Week, London Metal Exchange's Hong Kong gathering of executives, traders and brokers, kicks off on Monday.

Australia's Westpac posts worst half-year profit since 2013

Mon, 05/06/2019 - 09:40
Australia's second-biggest lender Westpac Banking Corp posted its lowest half-year profit since 2013 on Monday, as interest income shrank along with the housing market, and costs rose as the bank compensated customers for botched service.

Occidental tweaks $38 billion Anadarko bid to remove shareholder vote

Mon, 05/06/2019 - 09:33
Occidental Petroleum Corp increased the cash component of its $38 billion bid to acquire Anadarko Petroleum Corp on Sunday, removing a requirement for any deal to receive the approval of Occidental's shareholders.

China considers canceling trade talks with U.S. after Trump vows new tariff hike: WSJ

Mon, 05/06/2019 - 09:30
China is considering canceling trade talks with the United States this week after U.S. President Donald Trump vowed to hike tariffs on China, the Wall street Journal reported on Sunday citing a source.

China April services sector expands further on strong export sales: Caixin PMI

Mon, 05/06/2019 - 09:27
Activity in China's services sector further improved in April, with export sales rising at a record pace, a private business survey showed on Monday, although the longer-term outlook for new orders stayed subdued due to global economic uncertainties.

Boeing did not disclose 737 MAX alert issue to FAA for 13 months

Mon, 05/06/2019 - 09:25
Boeing Co did not tell U.S. regulators for more than a year that it inadvertently made an alarm alerting pilots to a mismatch of flight data optional on the 737 MAX, instead of standard as on earlier 737s, but insisted on Sunday the missing display represented no safety risk