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Wall Street opens lower on renewed trade war fears
U.S. stocks opened slightly lower on Friday as industrial stocks fell on worries of an escalation in trade war after President Donald Trump toughened his stance against China, but gains in Microsoft capped losses.
Posted on : 2018-07-20 19:13:23
Trump amps up criticism of Fed interest rate rises
U.S. President Donald Trump on Friday dug in on his criticism of the Federal Reserve's policy on raising interest rates, saying it takes away from the United States' "big competitive edge," and lamented the strength of the U.S. dollar.
Posted on : 2018-07-20 19:03:38
Factbox: Impact of trade tariffs on European companies
Some European companies are rethinking their strategies to cushion against the impact of trade tensions between the world's two biggest economies, the United States and China.
Posted on : 2018-07-20 18:55:41
Indian apparel maker TCNS Clothing's $163 million IPO oversubscribed
Women's apparel maker TCNS Clothing Co Pvt Ltd's initial public offering to raise about 11.25 billion rupees ($163.5 million) was oversubscribed on the last day of sale on Friday.
Posted on : 2018-07-20 18:33:54
India's UPL Corp to buy Platform Specialty's agrochemical business Arysta for $4.2 billion
India's UPL Corp on Friday said it would buy the agrochemicals business of Platform Specialty Products Corp for $4.2 billion in cash.
Posted on : 2018-07-20 18:31:54
Trump threatens tariffs on all $500 billion of Chinese imports - CNBC
President Donald Trump said he was ready to impose tariffs on all $500 billion of goods the U.S. imports from China, remarks that sent financial markets retreating and threatened to escalate a trade clash with the Asian giant.
Posted on : 2018-07-20 18:21:27
Global Markets: Stocks falter on yuan slide, new tariff threat
Global markets stalled on Friday after a U.S. threat to slap $500 billion of trade tariffs on China and more yuan weakness, with the dollar slipping and one major benchmark of world equities ekeing out limited gains.
Posted on : 2018-07-20 18:08:09
China, sensing risks, moves to limit short-term bond funds
China's securities watchdog is urging mutual fund managers to reduce the size of a type of short-term bond funds that have thrived on investors' flight to safety, amid growing concerns of the quality of underlying assets.
Posted on : 2018-07-20 18:00:51
Microsoft soars past $800 billion in value after bumper results
Shares of Microsoft Corp were set to open at a record high on Friday, after the company reported another blockbuster quarter, backed by growth in its legacy software business and Azure cloud computing services.
Posted on : 2018-07-20 17:55:21
GE beats diminished profit expectations, trims cash flow target
U.S. industrial conglomerate General Electric Co reported a smaller-than-expected drop in quarterly profit on Friday as weakness in power and renewables energy offset gains in its aviation, oil and gas and healthcare units.
Posted on : 2018-07-20 17:54:20
Gold price dip sparks little cheer; India buyers unmoved
A drop in prices spurred some interest for physical gold in major Asian hubs this week, but failed to stoke significant demand in India as buyers awaited bigger dips.
Posted on : 2018-07-20 17:28:13
HSBC account freezes still hurting customers, a year on
After a year laying the groundwork for his Karachi-based clothing company's expansion to Europe, businessman Abdul Aziz was poised to start delivery to British shops such as TK MAXX.
Posted on : 2018-07-20 17:23:55
Effects of Greek bailout will extend beyond August: Merkel
German Chancellor Angela Merkel said on Friday the effects of Greece's bailout package would not end on the day that the programme itself ends.
Posted on : 2018-07-20 17:14:15
'Hi, I'm a soybean': In trade war, China deploys cartoon legume to reach U.S. farmers
In the tense trade war with the United States, China's government has turned to an unlikely weapon: a cartoon bean.
Posted on : 2018-07-20 17:12:16
China steps up regulations of $3 trillion bank wealth management products
China's banking and insurance regulator on Friday released long-awaited draft rules to strengthen regulations of commercial bank wealth management businesses, the latest step by Beijing to fend off systemic financial risks.
Posted on : 2018-07-20 17:10:31
Trump threatens tariffs on $500 billion of Chinese imports: CNBC
U.S. President Donald Trump said he was ready to impose tariffs on an additional $500 billion of imports from China, threatening to escalate the current trade clash with the Asian nation and sending financial markets downward.
Posted on : 2018-07-20 17:05:55
Investors buy big in bonds, flee gold in large numbers: BAML
Global investors ploughed $5 billion into bonds and withdrew money from gold and European equities in the past week, as fears of a trade war encourage investors to seek safety in fixed income, Bank of America Merrill Lynch (BAML) said on Friday.
Posted on : 2018-07-20 16:36:41
Oil prices fall on trade worries
Oil prices came under pressure on Friday from U.S.-China trade tensions and were on course for a third straight week of falls.
Posted on : 2018-07-20 16:35:35
GE quarterly profit drops 28 percent; cash flow target trimmed
U.S. industrial conglomerate General Electric Co reported a 28 percent drop in quarterly profit on Friday, as weakness in its power and renewables businesses offset gains in its aviation, oil and gas and healthcare units.
Posted on : 2018-07-20 16:34:24
Gold edges up from one-year low as Trump slams strong dollar
Gold prices edged up from one-year lows on Friday after U.S. President Donald Trump expressed concern about the strength of the dollar and interest rate increases by the Federal Reserve, pushing the greenback lower.
Posted on : 2018-07-20 16:33:20
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