US Business

Nigeria hopes oil supply cut deal would be extended -minister

19/05 Nigeria's oil minister said on Sunday he hoped the supply cut agreement between OPEC and non-OPEC members would be extended until year-end.  Full story

SoftBank brand Ymobile to delay launch of Huawei P30 Lite phone

07h42 Japanese telco SoftBank Corp's low-cost mobile brand Ymobile said on Wednesday it would delay the launch of Huawei P30 Lite smartphone, following the imposition of trade restrictions on the Chinese manufacturer by Washington.. . .  Full story

Chinese airlines seek Boeing compensation over 737 MAX grounding -state TV

07h33 China's three biggest airlines have requested compensation from U.S. planemaker Boeing Co for losses incurred by the grounding and delayed deliveries of 737 MAX jets, as regulators gather to discuss design changes for the troubled. . .  Full story

Japan woos Trump with pomp and circumstance, looks to avoid trade battle

07h12 Japanese Prime Minister Shinzo Abe will treat U.S. President Donald Trump to an imperial banquet, front row seats at a sumo tournament and a trip to the country's biggest warship on a state visit. . .  Full story

In Fed policy review, labor may finally win out over inflation

07h00 At 2.3 percent, Minneapolis' jobless rate seems impossibly low, even with national unemployment at a 50-year trough.. . .  Full story

Thai April exports fall 2.57% y/y, in line with forecast

06h12 Thailand's customs-cleared exports fell 2.57% in April from a year earlier, after contracting 4.88% in March, due mainly to reduced shipments of electronics, the commerce ministry said on Wednesday.. . .  Full story

S.Korea's monetary policy needs to be 'substantially' accommodative - think tank

05h00 South Korea's monetary policy needs to be substantially accommodative to counter slowing inflation and sluggish domestic demand, a state-run think tank said on Wednesday.. . .  Full story

Japan says U.S. curbs on auto imports would hurt global economy

04h47 Japan's top government spokesman said on Wednesday that auto import restrictions by Washington would adversely affect the U.S. and global economies.. . .  Full story

Corn gains for 8th session as rains stall U.S. corn planting

04h45 Chicago corn futures rose for an eighth straight session on Wednesday as U.S. farmers are unlikely to finish planting this year following excessive rains, resulting in tighter world supplies. Wheat gained. . .  Full story

China ready for further U.S. trade talks, ambassador says

04h34 Beijing is ready to resume trade talks with Washington, China's ambassador to the United States Cui Tiankai said, as a top U.S. business lobby in China said nearly half its members are seeing non-tariff. . .  Full story

Japan exports fall again as Trump's trade policy threatens economic outlook

04h12 Japanese exports contracted for the fifth month in April due to a slump in shipments of chip-making equipment to China, underlining the growing threat to the world's third-biggest economy from a bruising Sino-U.S. trade. . .  Full story

Trump tells Congress to ratify trade deal before dealing with infrastructure

03h48 U.S. President Donald Trump told Democratic leaders on Tuesday to pass the United States-Mexico-Canada trade pact before working on an infrastructure bill, a sign that crumbling roads and bridges are unlikely to get significant federal. . .  Full story

Shares in China's Hikvision slump after report of U.S. blacklisting

03h43 Shenzhen-listed shares in Chinese video surveillance firm Hikvision Digital Technology Co Ltd opened 10% lower on Wednesday after reports that the U.S. may blacklist the firm.. . .  Full story

U.S. business group says retaliation rising in China amid trade war

02h00 A top U.S. business lobby in China said on Wednesday that nearly half of its members are seeing non-tariff barrier retaliation in China as a result of the increasingly bitter trade war between Beijing. . .  Full story

U.S. eases curbs on Huawei; founder says clampdown underestimates Chinese firm

00h47 The United States has temporarily eased trade restrictions on China's Huawei to minimize disruption for its customers, a move the founder of the world's largest telecoms equipment maker said meant little because it was already. . .  Full story

U.S. to favor soybeans in trade war aid for farmers -Bloomberg

00h36 The Trump administration is considering direct payments to U.S. farmers of $2 per bushel for soybeans as part of an aid package to offset the trade war with China, Bloomberg reported on Tuesday, an offer. . .  Full story

AIG shareholders narrowly approve CEO's $21 million pay package

21/05 American International Group Inc said shareholders approved a $21 million pay package for Chief Executive Officer Brian Duperreault by only a narrow margin during the company's annual meeting on Tuesday.. . .  Full story

U.S. trade chief to talk with EU, Japan amid concerns over Chinese subsidies

21/05 U.S. Trade Representative Robert Lighthizer will meet with officials from the European Union and Japan in Paris on Thursday regarding joint efforts to address the non market-oriented policies and practices of other countries, his office. . .  Full story

Toll Brothers sees 2019 home sales below estimates

21/05 U.S. luxury homebuilder Toll Brothers Inc forecast 2019 home sales below analysts' estimates and said it expected its margins to be squeezed by slowing demand and rising incentives.. . .  Full story

Huawei accuses U.S. of bullying, says working with Google to respond to ban

21/05 Chinese telecoms equipment maker Huawei called itself the victim of U.S. "bullying" on Tuesday and said it was working with Google to respond to trade restrictions imposed by Washington last week, a senior Huawei executive. . .  Full story

Oil little changed as U.S.-Iran dispute supports, trade war weighs

21/05 Oil futures were steady on Tuesday as the prospect of mounting U.S.-Iran tensions disrupting supply was offset by concerns that a lengthy trade war between Washington and Beijing would limit crude demand.. . .  Full story

Wall Street rises as Huawei reprieve boosts tech shares

21/05 Shares of technology companies helped lift Wall Street on Tuesday after the United States temporarily eased curbs on China's Huawei Technologies Co Ltd, alleviating investor concerns about pressure on future corporate results in the sector.. . .  Full story

Texas land trust files lawsuit against Horizon Kinetic nominee

21/05 Texas Pacific Land Trust said on Tuesday it had filed a lawsuit against a nominee of its investor, Horizon Kinetic, which has been seeking to install its own trustee and begin selling off the. . .  Full story

China not signing deals to buy U.S. crude oil -Enterprise CEO

21/05 Chinese companies looking to sign long-term agreements to buy crude oil from U.S. oil exporters have virtually disappeared, the chief executive of Enterprise Products Partners LP said on Tuesday.. . .  Full story

U.S. yields climb as stocks gain on Huawei news

21/05 U.S. Treasury yields edged higher on Tuesday, lifted by gains on Wall Street and higher overall risk appetite after the United States eased trade restrictions on Chinese telecommunications equipment maker Huawei Technologies.. . .  Full story

U.S. may pay $2 per bushel for soybeans to help farmers -Bloomberg

21/05 The Trump administration is considering payments of $2 per bushel for soybeans, 63 cents per bushel for wheat and 4 cents per bushel for corn as part of a package of up to $20. . .  Full story

Fed officials see past misses as trouble for any new inflation approach

21/05 The Federal Reserve is discussing whether a better way to get the U.S. economy to hit the central bank's inflation target is to tolerate much higher price increases in some years to counter the. . .  Full story

Brazil farmer defaults burn soy traders betting on barter

21/05 A spate of farmer defaults in Brazil's top grain-producing state is creating headaches for global traders who are among their main creditors and posing challenges to the widespread use of barter in the world's largest. . .  Full story

JPMorgan shareholders approve executive pay, fewer votes than last year

21/05 JPMorgan Chase & Co said on Tuesday that only 72% of shareholder votes approved its executive compensation packages, marking unusual opposition to pay for the bank's top leaders.. . .  Full story

Former Tesla bull makes $10 worst case call on China worries

21/05 One of Tesla's former biggest supporters on Wall Street said on Tuesday the electric carmaker's shares could fall to $10 from nearly $200 now, if tensions with China escalate and sap demand for its. . .  Full story

Shortage of cheaper houses stifles U.S. homes sales

21/05 U.S. home sales fell for a second straight month in April, weighed down by a chronic shortage of more affordable houses, the latest sign the economy was slowing after a temporary boost from exports. . .  Full story

U.S. garlic growers profit from trade war as most farmers struggle

21/05 Unlike millions of other U.S. farmers, garlic growers are profiting from the trade war with China and have cheered President Donald Trump's latest economic attack accordingly.. . .  Full story

Fortum makes progress in talks to resolve Uniper standoff

21/05 Fortum on Tuesday made progress in talks over cooperation with energy group Uniper , of which it owns 49.99%, shortly after activist funds stepped back from increasing pressure on the Finnish utility to seek full. . .  Full story

U.S. senators urge Volkswagen to end delay in Tennessee union vote

21/05 Three Democratic U.S. senators on Tuesday questioned a decision by Volkswagen AG's U.S. unit to delay a union election for workers at its Tennessee assembly plant.. . .  Full story

McDonald's faces 25 new sexual harassment complaints from workers

21/05 McDonald's Corp was accused on Tuesday in 25 new lawsuits and regulatory charges of condoning sexual harassment in the workplace and retaliating against employees who speak up.. . .  Full story

Mallinckrodt sues U.S. health agencies, sees 10% hit to Acthar gel sales

21/05 Mallinckrodt Plc filed a lawsuit against the U.S. Department of Health and Human Services and forecast an about 10% hit to annual net sales of Acthar gel following changes to Medicaid rebate calculations, sending. . .  Full story

U.S. companies warn Trump's tariffs could hit results

21/05 A host of U.S. consumer companies on Tuesday warned that costs related to tariffs on goods imported from China would weigh on their results.. . .  Full story

Kohl's chops profit forecast after dismal first quarter, shares slump

21/05 Kohl's Corp cut its full-year profit forecast and reported lower-than-expected quarterly results as the department store chain sold fewer full-price spring apparel and saw weak demand for home goods, sending its shares down as much. . .  Full story

Home Depot same-store sales disappoint, warns of tariff impact

21/05 Home Depot Inc on Tuesday blamed wet weather in February and a slump in lumber prices for its slowest growth in quarterly same-store sales in at least three years, while warning of a $1. . .  Full story

Canada sends delegation to China to press for release of citizens

21/05 Canada has sent a parliamentary delegation to China to press for the release of two Canadian citizens formally arrested for espionage last week, Foreign Minister Chrystia Freeland said on Tuesday.. . .  Full story

'Toxic cocktail' brewing for U.S. asset managers -hedge fund investor Kass

21/05 Hedge fund investor Doug Kass said on Tuesday that he is shorting several investment managers, including T. Rowe Price Group Inc and Franklin Resources Inc, as they could be "the next group to feel disruption". . .  Full story

Who pays Trump's tariffs, China or U.S. customers and companies?

21/05 U.S. President Donald Trump says China pays the tariffs he has imposed on $250 billion of Chinese exports to the United States.. . .  Full story

International loan an option for Ukraine's winter fuel needs: U.S. secretary Perry

21/05 United States Energy Secretary Rick Perry said on Tuesday that a loan from international financial institutions was an option to help Ukraine meet its winter fuel needs, an embassy statement said.. . .  Full story

TSX lower as weak gold prices hit mining stocks

21/05 Precious metal miners led the declines on Canada's main stock index on Tuesday, as gold prices dropped to a more than two-week low.. . .  Full story

Saudi Arabia waits for higher spot prices before raising oil exports: Kemp

21/05 Saudi Arabia is in no rush to increase oil production and exports, fearing that additional supply would risk a renewed build up of stockpiles and push prices lower.. . .  Full story

U.S. existing home sales unexpectedly fall in April

21/05 U.S. home sales unexpectedly fell in April amid persistent weakness in the lower-priced segment of the market, which has experienced an acute shortage of properties.. . .  Full story

Malaysia, flooded with plastic waste, to send back some scrap to source

21/05 Malaysia, which has become the dumping ground for the world's plastic waste, will send back non-recyclable plastic scrap to the developed countries that sent it there, its environment minister said on Tuesday.. . .  Full story

TSX slips at open as lower gold prices hit mining stocks

21/05 Canada's main stock index fell at the open on Tuesday, led by losses in shares of precious metal miners, as gold prices slipped to a more than two-week low.. . .  Full story

PPG to keep architectural, industrial coatings units after review

21/05 PPG Industries Inc said on Tuesday it decided to keep its architectural and industrial coatings units after reviewing its operations following calls from activist investor Nelson Peltz to break up the company.. . .  Full story

Despite rhetoric, Turkey complies with U.S. oil sanctions on Iran

21/05 Turkey has closed its ports to Iranian oil, fully complying with U.S. sanctions against its main supplier, despite Ankara publicly criticising the United States' move to end import waivers and warning of a struggle. . .  Full story

Bangladesh garment unions say new factory oversight deal risks worker safety

21/05 The end of an international arrangement aimed at ensuring the wellbeing of Bangladeshi garment workers is likely to undermine safety by making factory owners responsible for maintaining standards, trade union leaders said on Tuesday.. . .  Full story

Italian railway contractor Salcef plans listing to fund M&A

21/05 Italian rail infrastructure contractor Salcef plans to expand through acquisitions in Italy and abroad, funding the potential M&A deals with money from a planned listing, its CEO said on Tuesday.. . .  Full story

U.S. energy secretary: sanctions bill on Nord Stream 2 coming soon

21/05 United States Energy Secretary Rick Perry said on Tuesday that a sanctions bill putting onerous restrictions on companies involved in the Nord Stream 2 project would come in the "not too distant future".. . .  Full story

Self-driving trucks begin mail delivery test for U.S. Postal Service

21/05 The U.S. Postal Service on Tuesday started a two-week test transporting mail across three Southwestern states using self-driving trucks, a step forward in the effort to commercialize autonomous vehicle technology for hauling freight.. . .  Full story

Fingerprints and finances: next Wells Fargo CEO will be under regulatory microscope

21/05 From submitting their fingerprints to giving up their tax records, Wells Fargo & Co's next chief executive will go through a vetting process that could rival that of top U.S. government officials.. . .  Full story

Sweden's Veoneer to sell $500 million of bonds, equity to boost working capital

21/05 Swedish auto tech company Veoneer plans to shore up its working capital by $500 million through the sale of bonds and shares, as it waits for a strong order book to translate into a. . .  Full story

India set to plant more land with soybean crops as prices rally

21/05 India is set to grow soybeans on more land in the 2019 crop year as higher prices for the oilseed push some farmers to switch from cultivating competing commodities such as cotton and pulses,. . .  Full story

Japan auto lobby dismayed Trump declares some imports security threat

21/05 Japan's automakers' lobby said on Tuesday it was dismayed by President Donald Trump's declaration that some imported vehicles and parts posed a threat to U.S. national security, as the industry braces for a possible. . .  Full story

Airbus' programmes chief: trade tensions could impact customers

21/05 Airbus' programmes chief said trade tensions could impact customers, although the sales chief at the European planemaker said its market remained "quite positive" and less dependent upon economic cycles than before.. . .  Full story

EXCLUSIVE-A delicate balance: Toyota took care to make offering to U.S. before China deals

21/05 Toyota Motor Corp last month announced two deals in China that were small in size but large in strategic planning.. . .  Full story

Investments by automakers in the U.S. and China since Trump came to power

21/05 Major automakers have announced a slew of investments in the United States since President Donald Trump took office in January 2017 and exerted pressure on the industry to create more U.S. jobs.. . .  Full story

InterDigital expects to be able to license 5G tech to Huawei, despite U.S. ban

21/05 InterDigital Wireless Inc said on Monday that it can license its 5G network technology to Huawei Technologies Co Ltd despite the threat of a U.S. ban on selling chips and software to the Chinese telecommunications. . .  Full story

Huawei founder says U.S. govt is underestimating company -state media

21/05 The U.S. government's temporary easing of trade restrictions on Huawei Technologies bears little meaning on the company as the Chinese firm has made preparations, Huawei's founder Ren Zhengfei told state broadcaster CCTV on Tuesday in. . .  Full story

Low rates to underpin, not revive, Canada's housing market

21/05 Canada's housing market will stay stuck in the doldrums, with average prices stagnating this year and then rising 1.7% next year, hardly keeping pace with inflation, a Reuters poll of economists and property market. . .  Full story

Fed's Powell: Business debt no subprime crisis, but still merits reflection

21/05 Federal Reserve Chairman Jerome Powell on Monday dismissed comparisons between the rise of business debt to record levels in recent years and the conditions in U.S. mortgage markets that preceded the 2007-to-2009 economic crisis, but. . .  Full story

Ascena to wind down Dressbarn business, shut 650 stores

21/05 Ascena Retail Group Inc said on Monday it would wind down its women's budget clothing chain, Dressbarn, shutting about 650 stores in the United States, as it sharpens its focus on profitable brands.. . .  Full story

Slack expects to raise about $197 million in direct listing

21/05 Slack Technologies Inc, the owner of the workplace instant messaging app, said on Monday it expects https://www.sec.gov/Archives/edgar/data/1764925/000162828019007058/slacks-1a2.htm to raise $196.5 million in direct listing of its class A common shares on the New York. . .  Full story

Legg Mason names Trian's Peltz, Garden to board

21/05 Legg Mason Inc said on Monday it had appointed Trian Fund Management LP's Nelson Peltz and Ed Garden as directors, raising the size of its board to 12 members.. . .  Full story

U.S. eases some restrictions on China's Huawei to keep mobile networks operating

20/05 The U.S. government on Monday eased some restrictions imposed last week on China's Huawei, a sign of how the prohibitions on the telecommunications company may have far-reaching and unintended consequences.. . .  Full story

Trump loses lawsuit challenging subpoena for financial records

20/05 A U.S. judge on Monday ruled in favor of a U.S. House of Representatives committee seeking President Trump's financial records from his accounting firm, dealing an early setback to the Trump administration in its. . .  Full story

Wall St slides as Huawei fallout hits tech shares

20/05 U.S. stocks slid on Monday as the White House's restrictions on Chinese telecoms equipment maker Huawei Technologies Co Ltd weighed on the technology sector and raised concerns that the move would further inflame trade tensions. . .  Full story

Mexico tax plan for Uber creates friction among ride hailing firms

20/05 Mexico on Monday detailed plans to withhold tax from drivers for ride-hailing and food delivery firms such as Uber Technologies Inc and Rappi, but China's Didi said it would not take part in the. . .  Full story

China's Didi shuns Mexico's ride-hailing tax plan

20/05 Chinese ride-hailing platform Didi said on Monday it would not take part for now in a new Mexican scheme to retain tax from drivers and delivery riders at technology companies, after rival firms Uber. . .  Full story

U.S. yields rise in choppy trading; U.S.-China trade in focus

20/05 U.S. Treasury yields rose on Monday, but traded within narrow ranges, reversing course in the afternoon session, as risk appetite improved somewhat despite continuing trade tension between the United States and China.. . .  Full story

Nike, Under Armour, among others, urge Trump to remove footwear from tariff list

20/05 U.S. footwear companies, including Nike Inc and Under Armour, on Monday urged U.S. President Donald Trump to remove footwear from the proposed tariffs list on goods imported from China.. . .  Full story

Corn hits nearly one year peak as rains stall U.S. planting

20/05 U.S. corn futures climbed for a sixth straight session on Monday and touched their highest level in nearly a year as rainy Midwest weather and waterlogged fields stoked concerns about reduced plantings and lower. . .  Full story

Elliott Management opposes airline Azul on Avianca Brasil bankruptcy plan

20/05 U.S. hedge fund Elliott Management is opposing a new plan by Brazilian airline Azul SA to purchase some of the routes operated by financially troubled rival Avianca Brasil for $145 million, according to a legal. . .  Full story

Oil touches multi-week highs as OPEC signals it may extend cuts

20/05 Oil prices on Monday rose to multi-week highs before easing later in the session as OPEC indicated it was likely to maintain production cuts that have helped boost prices this year, while escalating Middle. . .  Full story

Tesla stock and bonds tumble as investors fret about costs and safety

20/05 Tesla's stock and bonds tumbled on Monday as investors worried about the automaker's cash burn and problems with an Autopilot system that CEO Elon Musk has held out as key to the electric car. . .  Full story

Free scooter rides and EU power ballads, big firms pump up voters for EU polls

20/05 From Volkswagen to Spotify to Iberdrola, Europe's biggest firms are urging people to vote in key European Parliament elections this weekend amid concerns that an anti-EU outcome could disrupt their business and hurt their bottom. . .  Full story

OPEC+ considers moving oil policy meeting to early July -sources

20/05 * OPEC and its allies are considering moving the date of their next oil policy meeting in Vienna to July 3-4 from June 25-26, two OPEC sources said on Monday.. . .  Full story

Uniper tests interest in its German LNG import project, seeks partner

20/05 Germany's Uniper started on Monday to test the interest of gas companies in using its proposed liquefied natural gas (LNG) terminal in Germany and said it was also seeking a partner in the company. . .  Full story

Xcel Energy plans to shut remaining two coal plants in upper Midwest by 2030

20/05 Xcel Energy Inc said on Monday it planned to shut its remaining two coal plants in the upper Midwest a decade earlier than scheduled, as it aims to become a producer of clean energy.. . .  Full story

Face ID firm Lumentum follows Google with Huawei ban

20/05 Apple Face ID parts supplier Lumentum Holdings Inc followed Google on Monday in clamping down on the business it does with Huawei Technologies , after U.S. President Donald Trump imposed a ban on the Chinese. . .  Full story

No more 'white collar theft': Mexico orders end to corporate tax breaks

20/05 Mexican President Andres Manuel Lopez Obrador said on Monday his government will order an end to tax forgiveness for the country's largest companies, saying $20 billion in exemptions given by his predecessors was akin to. . .  Full story

Argentina readies to join LNG exporters club with maiden cargo

20/05 Argentina is about to export its first liquefied natural gas (LNG) cargo from a new floating facility, marking a milestone for its energy sector boosted by rising gas production from its large Vaca Muerta. . .  Full story

Italy's fashion industry growth stalls due to trade tensions

20/05 Italy's fashion industry increased revenues by just 0.2% in the first quarter of 2019, held back by trade tensions between the United States and China, the national sector body said on Monday.. . .  Full story

Ford Motor Co to cut 10% of white-collar jobs as part of global restructuring

20/05 Ford Motor Co said on Monday it will eliminate about 10% of its global salaried workforce, cutting about 7,000 jobs by the end of August as part of its larger restructuring in a. . .  Full story

Carlyle-backed firm seeks guarantee on 2-year approval of U.S. crude export project

20/05 A unit of asset management firm Carlyle Group LP this week will appeal to the Trump administration to guarantee a two-year approval of its South Texas crude export project, officials said.. . .  Full story

Infineon denies report it has suspended Huawei shipments

20/05 German chipmaker Infineon is continuing most shipments to Huawei, it said on Monday, denying a report in Japan's Nikkei daily that it had suspended deliveries to the Chinese telecoms firm.. . .  Full story

COLUMN-Australia's shock election shows killing coal mining is no sure thing: Russell

20/05 While Australia's opposition Labor Party is the obvious loser from the weekend election, the anti-coal environmental lobby suffered probably a bigger blow and will need to re-think its strategy to end mining of the polluting. . .  Full story

Deutsche Bank staff flagged Trump, Kushner transactions for watchdog -NYTimes

20/05 Anti-money laundering specialists at Deutsche Bank AG recommended in 2016 and 2017 that multiple transactions involving entities controlled by U.S. President Donald Trump and his son-in-law, Jared Kushner, be reported to a federal financial-crimes watchdog,. . .  Full story

INSIGHT-Turmoil at Thyssenkrupp marks battle for Germany's economic identity

20/05 When Thyssenkrupp CEO Guido Kerkhoff announced plans to list its prized elevators unit last week, he set off a battle for the conglomerate's future that could test Germany's brand of "social market" capitalism.. . .  Full story

USTR Lighthizer to meet Motegi for trade talks in Japan on May 24 -sources

20/05 U.S. Trade Representative Robert Lighthizer will visit Japan on May 24 to meet Economy Minister Toshimitsu Motegi to accelerate trade talks ahead of a leaders' summit a few days later, two sources with direct. . .  Full story

-China's tech transfer problem is growing, EU business group says

20/05 Cases of European firms forced to transfer technology in China are increasing despite Beijing saying the problem does not exist, a European business lobby said, adding that its outlook on the country's regulatory environment is. . .  Full story

German economy unlikely to keep growth pace in Q2 - Bundesbank

20/05 The German economy is likely to lose some steam in the second quarter after it posted a solid growth rate in the first three months of the year, the Bundesbank said on Monday.. . .  Full story

-Taiwan export orders shrink again in April, govt sees rebound in H2

20/05 Taiwan's export orders fell at a slower price than expected in April, but the government says May will bring a seventh straight month of contraction as slowing global tech demand continued to hurt the. . .  Full story

Goldman Sachs in talks to buy B&B Hotels from PAI Partners

20/05 Goldman Sachs is in talks to buy B&B Hotels from private equity firm PAI Partners, the companies said on Monday, in a deal which an earlier report from the Financial Times said could be. . .  Full story

China stocks extend losses on trade crossfire

20/05 The Chinese stock market ended lower on Monday as trade tensions between China and the United States dragged on, with the focus being fixed on the sticking point of technology transfer. ** At the close,. . .  Full story

Year-old Xinhua alert spreads proclaiming U.S.-China trade row ceasefire

20/05 China’s official Xinhua news agency condemned the spreading of "false news" on Monday after some websites published a year-old alert announcing a ceasefire in the Sino-U.S. trade dispute.. . .  Full story