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Updated: 9 hours 27 min ago

China warns of long road ahead for deal with U.S. after ice-breaking talks

Sun, 06/30/2019 - 12:47
China and the United States will face a long road before they can reach a deal to end their bitter trade war, with more fights ahead likely, Chinese state media said after the two countries' presidents held ice-breaking talks in Japan.

Japan to tighten export rules for high-tech materials to South Korea: media

Sun, 06/30/2019 - 12:40
Japan plans to tighten restrictions on the export of high-tech material used in smartphones and chips to South Korea from July 4 in connection with a dispute over a South Korean ruling on war-time forced labour, the Sankei newspaper reported on Sunday.

Glencore's Congo tragedy highlights security conundrum for miners

Sun, 06/30/2019 - 10:49
The deaths of 43 illegal miners at a Glencore facility in Congo last week highlighted a growing challenge for mining companies struggling to secure sites from small-scale prospectors digging for cobalt, copper and other minerals.

Japan's Abe offers Saudi crown prince help in reducing oil dependency

Sun, 06/30/2019 - 10:45
Japanese Prime Minister Shinzo Abe on Sunday praised Saudi Arabia's efforts to reduce its dependence on oil and promised Crown Prince Mohammed bin Salman that Japan will help the kingdom with a sweeping reform plan.

China eases foreign investment curbs amid cooling trade tensions

Sun, 06/30/2019 - 10:43
China's state planning agency on Sunday said it has cut the number of sectors subject to foreign investment restrictions, as Beijing moved to fulfill its promise to open major industries.

Saudi energy minister says nine-month OPEC+ extension most likely

Sun, 06/30/2019 - 09:59
Saudi Energy Minister Khalid al-Falih said on Sunday that OPEC and its allies led by Russia would most likely extend their oil output-cutting deal by nine months and that no deeper reductions were needed.

Experts think Trump policy on China counterproductive: draft letter

Sun, 06/30/2019 - 09:59
Scores of Asia specialists, including former U.S. diplomats and military officers, want President Donald Trump to rethink policies that "treat China as an enemy," warning the approach could hurt U.S. interests and the global economy, according to a draft open letter reviewed by Reuters on Saturday.

Palestinian Authority arrests businessman who attended Bahrain conference: Haaretz

Sat, 06/29/2019 - 23:41
The Palestinian Authority has arrested a Palestinian businessman who attended the U.S.-led economic conference in Bahrain this week, Israel's Haaretz newspaper and Kan public broadcaster reported on Saturday.

At G20, Canada raises concern about Mexico gas pipeline row

Sat, 06/29/2019 - 22:49
Canada expressed its concern about a gas pipeline dispute that has raised diplomatic tensions with Mexico during the Group of 20 nations summit in Japan, but the matter could be resolved soon, Mexican Finance Minister Carlos Urzua said on Saturday.

U.S. prosecutors subpoena records on Boeing 787 production - Seattle Times

Sat, 06/29/2019 - 22:10
Federal prosecutors have subpoenaed records from Boeing Co relating to the production of the 787 Dreamliner in South Carolina, the Seattle Times reported on Friday, citing two sources familiar with the investigation.

Russia agrees with Saudi to extend OPEC deal by 6-9 months: Putin

Sat, 06/29/2019 - 21:51
Russia has agreed with Saudi Arabia to extend by six to nine months a deal with OPEC on reducing oil output, Russian President Vladimir Putin said, as oil prices come under renewed pressure from rising U.S. supplies and a slowing global economy.

Deutsche Bank board to meet July 7 to decide on job cuts: sources

Sat, 06/29/2019 - 21:43
Deutsche Bank's supervisory board will meet on July 7 to discuss a major restructuring that may result in as many as 20,000 job cuts, four people with knowledge of the matter said.

Romania's president eyes new term, not EU's top job

Sat, 06/29/2019 - 21:32
Romania's centrist President Klaus Iohannis said on Saturday he would decline any offer to get the European Union's top job, seeking instead to win a fresh term as the country's president.

Trump says China trade talks 'back on track,' new tariffs on hold

Sat, 06/29/2019 - 21:29
The United States and China agreed on Saturday to restart trade talks after President Donald Trump offered concessions including no new tariffs and an easing of restrictions on tech company Huawei in order to reduce tensions with Beijing.

BRICS considers ways to help resolve Venezuela's crisis: Russia

Sat, 06/29/2019 - 20:08
The BRICS bloc, comprising Brazil, Russia, India, China and South Africa, has discussed how it might help to broker a resolution to the political crisis in Venezuela, Russian Deputy Finance Minister Sergei Storchak said on Saturday.

Wall Street Week Ahead: Halfway through 2019, tech leads on Wall Street

Sat, 06/29/2019 - 19:49
Technology stocks are Wall Street's top performers as 2019 hits half-way, with investors betting on lower interest rates, although Apple and chipmakers face turbulence related to the U.S.-China trade war.

Saudi-Russian deal not due to tainted oil crisis: Novak

Sat, 06/29/2019 - 17:19
A decision by Russia and Saudi Arabia to extend a global pact on curbing production was not driven by a crisis over contaminated crude in a Russian-owned pipeline network, Russian Energy Minister Alexander Novak said on Saturday.

Trump says agreed U.S. won't raise tariffs, China will buy U.S. farm goods

Sat, 06/29/2019 - 15:30
U.S. President Donald Trump said he and his Chinese counterpart Xi Jinping agreed on Saturday that the United States would refrain from raising levies on Chinese imports for now while China would buy more U.S. agricultural products.

Reliance Home Finance extends maturity of NCDs by four months

Sat, 06/29/2019 - 15:28
India's Reliance Home Finance Ltd on Saturday said the maturity date for 4 billion rupees ($58.02 million) of non-convertible debentures (NCDs) has been extended by four months, till Oct. 31 due to "continuing severe liquidity crisis in the sector".

Theranos founder Elizabeth Holmes, top deputy ordered to stand trial in 2020

Sat, 06/29/2019 - 15:01
Theranos founder Elizabeth Holmes and her former second-in-command at the Silicon Valley blood-testing startup were ordered on Friday to stand trial next year on fraud charges stemming from their claims about the company's technology, court documents show.