Business News

Workers from ScanDrill Ltd clamp together pieces of pipe while drilling an oil well for Jagged Peak Energy Inc near Fort Stockton, Texas.

Oil prices surge after U.S., China suspend trade hostilities

U.S. West Texas Intermediate (WTI) crude futures were at $53.78 per barrel at 0300 GMT, up $2.85 per barrel, or 5.6 percent from their last close.

Dec 3, 2018

By Reuters

Japan's corporate investment slows sharply, raises doubt about outlook

Ministry of Finance (MOF) data out on Monday showed capital expenditure grew 4.5 percent in July-September from the same period last year.

Dec 3, 2018

By Reuters

world-leaders-pose-for-official-g20-summit-2018-photo

G20 sealed landmark deal on WTO reform by ducking 'taboo words'

US has become sensitive to criticisms after President Donald Trump has imposed tariffs not only on $250 billion of Chinese goods but also on steel and aluminum imports

Dec 3, 2018

By Reuters

Shipping containers, including one labelled "China Shipping," are stacked at the Paul W. Conley Container Terminal in Boston, Massachusetts, U.S., May 9, 2018. REUTERS/Brian Snyder/File Photo

China says no to India's proposal to renminbi-rupee trade

India was looking for renminbi-rupee to buttress its exports and check the arresting state of increasing the trade deficit.

Dec 2, 2018

By Ashish Shukla

U.S., China agree trade war ceasefire after Trump, Xi summit

Both countries agreed they will try to have this "transaction" completed within the next 90 days.

Dec 2, 2018

By Reuters

G-20 Summit endorses multilateral trade system, WTO reforms

The two-day summit discussed issues such as the future of work, infrastructure for development, financial stability, climate sustainability and international trade, among others.

Dec 2, 2018

By Reuters

president-xi-jinping-warns-taiwan-attempts-to-split-china-doomed-to-fail

China supports Saudi Arabia in economic and social change - Xi

China also has good relations with Saudi's regional rival, Iran, and has long had to balance its ties between Riyadh and Tehran.

Dec 1, 2018

By Reuters

Theresa May urges tech firms to stop spread of extremism online

UK business will be able to bring in high-skilled workers post-Brexit: PM May

Immigration was a major issue in the 2016 vote to leave the European Union and May has promised to end the free movement of EU citizens to live in Britain.

Dec 1, 2018

By Reuters

trump-blames-president-xi-jinping-for-north-koreas-threat-to-cancel-face-to-face-summit

Trade war escalation the 'most likely' outcome of Trump-Xi dinner: Goldman Sachs

The G-20 summit could be the last chance to the economic powerhouses to avoid a full-fledged trade war which has sent shock waves across the global financial markets.

Dec 1, 2018

By Ashish Shukla

Johnson & Johnson faulty hip implants case: India health ministry approves compensation

The product was recalled in 2010 globally after the multiple complaints of follow up surgeries due to complications such as infections and metal leaching.

Dec 1, 2018

By Ashish Shukla

Nio, China rival to Tesla, says U.S. head to step down

China is the world's largest and fast-growing market for new-energy vehicles (NEVs), a category comprising electric battery cars and plug-in electric hybrids.

Nov 30, 2018

By Reuters