The U.S. economy is adding lots of jobs, but a drop in the number of hours at work points to a dimmer outlook for economic growth as businesses brace for an escalating trade war with China.
JPMorgan was on Friday poised to become the first foreign company to hold a majority stake in a Chinese mutual fund business, two sources said, setting a precedent that one analyst said would trigger a wave of similar transactions.
SINGAPORE: Singapore’s factory activity contracted for a third consecutive month in July as global trade uncertainties caused costly disruptions to the current supply chains of local manufacturers, according to data released by Singapore Institute of Purchasing and Materials Management (SIPMM) on ...
Deutsche Bank has set aside over 1 billion euros (US$1.1 billion) to cover the cost of offloading derivatives in its 'bad bank,' or capital release unit, three sources at the bank told Reuters.
WASHINGTON: U.S. President Donald Trump on Thursday accused his Chinese counterpart of failing to meet promises to stem a deluge of the synthetic opioid fentanyl into the United States, after months of praising Chinese President Xi Jinping for his pledges. "My friend President Xi said that he ...
MILAN: Shares in Ferrari went into reverse on Friday as the Italian luxury carmaker failed to lift its guidance for 2019 despite strong results in the first part of the year. Releasing its second quarter results, the company confirmed that it was on track for the higher end of...
Apple Inc could see a hit to its annual earnings from U.S. President Donald Trump's newly proposed 10per cent tariff on Chinese imports from September 1, analysts from Bank of America Merrill Lynch said on Friday.
Volvo Cars, owned by China's Geely , has produced the first cars containing recycled cobalt mapped using a blockchain, and has joined a separate project to monitor cobalt from Democratic Republic of Congo, Volvo said.
Levi Strauss & Co has been "deliberate and diligent" in moving production out of China because of uncertainty hanging over tariffs on goods imported from China, Chief Executive Officer Chip Bergh said in an interview with Reuters.
BRUSSELS/BENGALURU: Alphabet's Google will allow rivals to buy the chance of winning default search engine status on new Android devices in Europe, the U.S. company said on Friday in its latest proposal to ward off fresh EU antitrust penalties. New Android smartphones and tablets shipped in ...
