Business News

Trump says China woes help U.S. in trade talks, downplays Apple warning

United States officials are heading to Beijing next week for the first face-to-face talks.

Jan 6, 2019

By Reuters

Iran says despite U.S. sanctions, it has found new 'potential' oil buyers

Washington seeks to bring Iranian oil exports to zero in order to curb Tehran's missile.

Jan 6, 2019

By Reuters

Chinese smartphone vendors begins losing buyers

Huawei backlash: Two employees punished for New Year's iPhone tweet

The tweet that sparked the controversy wished Huawei followers a "Happy #2019."

Jan 5, 2019

By Dawn Geske

Huawei

An oil tanker unloads crude oil at a crude oil terminal in Zhoushan, Zhejiang province, China July 4, 2018.

Oil rises on China-U.S. talks, gains capped by U.S. fuel build

China's services sector extended its expansion in December, a private survey showed on Friday, bucking a trend of downbeat economic data.

Jan 5, 2019

By Reuters

Samsung, Huawei supply majority of own modem chips, Qualcomm says

Qualcomm engaged in anticompetitive patent licensing practices to preserve a monopoly on modem chips.

Jan 5, 2019

By Reuters

Samsung Huawei

Tesla urges tariff exemption for Chinese-made car computer 'brain'

The Trump administration has imposed 25 percent tariffs on a total of $50 billion in annual Chinese exports

Jan 5, 2019

By Reuters

Will oil price stay higher after Opec-Russia output reduction?

Oil dips on manufacturing downturn, but OPEC cuts offer support

International Brent crude futures were down 21 cents, or 0.4 percent, at 0258 GMT at $55.74 a barrel.

Jan 4, 2019

By Reuters

China and U.S. to hold trade talks in Beijing on Jan 7-8

The two nations have been locked in a trade war for much of the past year, disrupting the flow of hundreds of billions of dollars worth of goods and stoking fears of a global economic slowdown.

Jan 4, 2019

By Reuters

For Warren Buffett, sinking Apple shares a wish come true

Buffett sees Apple more as a consumer stock than a tech stock, reflecting the iPhone's status as a must-have possession for so many people.

Jan 3, 2019

By Reuters

Apple cuts forecast, citing weak China sales amid trade tensions

The news sent Apple shares tumbling in after-hours trade and triggered a broader selloff in the stock market.

Jan 3, 2019

By Reuters

Oil prices fall amid currency and share market turmoil, crude supply surge

U.S. West Texas Intermediate (WTI) crude oil futures were at $45.93 per barrel at 0152 GMT, down 61 cents, or 1.3 percent, from their last settlement.

Jan 3, 2019

By Reuters

Oil falls in first day of 2019 trading as supply surges, economy slows

International Brent crude futures were at $53.47 per barrel at 0315 GMT, down 33 cents, or 0.6 percent, from their final close of 2018.

Jan 2, 2019

By Reuters

Singapore fourth quarter GDP growth cools as trade woes darken outlook

The MAS expects core inflation of between 1.5 and 2 percent in 2018, picking up to 1.5 to 2.5 percent in 2019.

Jan 2, 2019

By Reuters

Workers install the chassis along a production line at a truck factory of Anhui Jianghuai Automobile Co. Ltd (JAC Motors) in Hefei, Anhui province

Factory activity in Asia weakens on China slowdown, trade disputes

The Southeast Asian economy is widely seen as benefiting from the U.S.-China trade war as companies look to establish operations in the country to avoid the tariff crossfire.

Jan 2, 2019

By Reuters

Tough South China Sea talks ahead as Vietnam seeks to curb China's actions

It will be negotiated over the coming year by senior ASEAN and Chinese officials and has not yet been released publicly.

Dec 31, 2018

By Reuters

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