Adidas fears ‘everybody will lose’ in US-China currency war

German sportswear maker Adidas warned Thursday that “everybody will lose” if a currency war ignites between China, the United States and other countries, while reporting continued strong earnings in its second quarter.
8 August 2019, 18:00 PM

Trump says China is ‘killing us with unfair trade deals’

US President Donald Trump on Wednesday said his tough stance on China’s economic and trade policies would ultimately benefit the American economy, even as Beijing signaled it could strike back by curbing sales of chemicals known as rare earths that are used in everything from iPhones to military equipment.
8 August 2019, 18:00 PM

Japan OKs key exports to S Korea for first time under new rules

Japan has approved the export to South Korea of some key products for the first time since introducing stricter trading rules amid an ongoing row between the two US allies.
8 August 2019, 18:00 PM

US FDA tells four firms to stop selling flavoured e-cigarette, hookah products

The US Food and Drug Administration has told four companies to remove 44 of their flavored e-liquid and hookah tobacco products that do not have the required approval for sale in the US, the agency said on Thursday.
8 August 2019, 18:00 PM

Beijing calls US ban on Chinese firms ‘abuse of state power’

Beijing on Thursday said US rules banning technology giant Huawei and other Chinese firms from government contracts amounted to “abuse of state power” amid an escalating China-US trade war.
8 August 2019, 18:00 PM

UAE pulls WTO trade complaint against Qatar

The United Arab Emirates withdrew on Thursday a complaint it made to the World Trade Organization accusing Qatar of imposing discriminatory trade restrictions on its goods.
8 August 2019, 18:00 PM

PNG backtracks on China debt refinancing statement

Papua New Guinea Prime Minister James Marape has backtracked on an announcement saying he had asked China to refinance the country’s $8 billion debt, insisting the statement was released without his knowledge.
8 August 2019, 18:00 PM

New Zealand interest rates slashed to record low

New Zealand’s central bank slashed interest rates to a record low of 1 percent Wednesday, warning that the economy faced rising headwinds.
7 August 2019, 18:00 PM

Cathay Pacific reports profit but warns of HK protests impact

Hong Kong’s flagship airline Cathay Pacific warned Wednesday that increasingly violent protests in the financial hub had hit booking demand.
7 August 2019, 18:00 PM

Tesla considers raising prices in China from September

US electric vehicle maker Tesla Inc is considering lifting its prices in China from September amid yuan-related uncertainty, two people familiar with the matter said.
7 August 2019, 18:00 PM

Samsung seeks alternatives to Japanese suppliers in trade row

South Korean tech giant Samsung Electronics, the world’s biggest smartphone and memory chip maker, is seeking alternatives to Japanese suppliers for some key materials, it said Wednesday with Seoul and Tokyo embroiled in a bitter trade dispute.
7 August 2019, 18:00 PM

India central bank makes fourth rate cut this year, revises growth forecast

India’s central bank on Wednesday cut interest rates for the fourth time this year and slashed growth forecasts as New Delhi battles a sluggish economy and high unemployment.
7 August 2019, 18:00 PM

Trump dismisses fears of long-lasting trade war

US President Donald Trump dismissed fears of a protracted trade war with China on Tuesday despite a warning from Beijing that labeling it a currency manipulator would have severe consequences for the global financial order.
7 August 2019, 18:00 PM

Tens of thousands losing jobs as India’s auto crisis deepens

Slumping sales of cars and motorcycles are triggering massive job cuts in India’s auto sector, with many companies forced to shut down factories for days and axe shifts, multiple sources said.
7 August 2019, 18:00 PM

China warns India of ‘reverse sanctions’ if Huawei is blocked

China has told India not to block its Huawei Technologies from doing business in the country, warning there could be consequences for Indian firms operating in China, sources with knowledge of the matter said.
7 August 2019, 18:00 PM

Investors seek safety in bonds on fears over economic outlook

Money poured into the world’s bond markets on Wednesday as investors shunned riskier investments such as stocks for the relative safety of government debt.
7 August 2019, 18:00 PM

China rare earths group supports counter-measures against US ‘bullying’

China’s rare earths association said it would support Chinese counter-measures in the escalating trade row with the United States, which it accused on Wednesday of “bullying”.
7 August 2019, 18:00 PM

SoftBank Group triples net profit in first quarter

Japan’s SoftBank Group said Wednesday its first-quarter net profit more than tripled thanks to exceptional gains related to the sale of shares in Chinese e-commerce giant Alibaba.
7 August 2019, 18:00 PM

FedEx cuts ties with Amazon in sign of new rivalry

FedEx said Wednesday it would stop ground deliveries for Amazon in the latest sign of competition between the two firms.
7 August 2019, 18:00 PM

Huawei seeks compensation from Flex over withheld goods

Huawei Technologies said it was seeking compensation from its contract manufacturer Flex Ltd for illegally withholding some 400 million yuan ($57 million) worth of its goods in the wake of a U.S. trade ban on the Chinese firm.
6 August 2019, 18:00 PM