Facebook, Twitter, Alphabet to testify at US House hearing

The US House Judiciary Committee will hold a hearing on Tuesday to take testimony from Facebook Inc, Alphabet Inc's YouTube unit and Twitter Inc on whether social media companies are filtering content for political reasons, the committee chairman said.
14 July 2018, 18:00 PM

China auto firms to set up ride-sharing platform

Chinese firms FAW Group, Dongfeng Automobile and Chongqing Changan Automobile have set up a venture to establish a ride-sharing platform, Changan said on Saturday, creating the kind of service pioneered by Uber.
14 July 2018, 18:00 PM

Dutch court backs record 1.3b euro Ageas deal over Fortis

A Dutch court Friday ended a long-running saga over the 2008 dismantling of the Fortis bank insurance group, approving a record 1.3 billion euros ($1.5 billion) settlement deal for out-of-pocket shareholders.
14 July 2018, 18:00 PM

J&J vows to overturn $4.7b talc verdict but experts see hurdles

Johnson & Johnson has vowed to appeal a $4.7 billion verdict awarded to 22 women who claim asbestos-contaminated talc in the
14 July 2018, 18:00 PM

US hedge fund demands $770m from S Korea over Samsung merger

A US hedge fund is demanding almost $800 million from South Korea at an international tribunal over the controversial merger of two units of the giant Samsung conglomerate, officials said Friday.
14 July 2018, 18:00 PM

China fiscal policy has 'ample room' to support economy

China's fiscal policy has “ample room” to support the economy, the central bank's chief researcher said in an opinion column on Friday, adding that the policy has not been active enough.
14 July 2018, 18:00 PM

US lifts ban on suppliers selling to China's ZTE

The US Department of Commerce on Friday lifted a ban on US companies selling goods to ZTE Corp, allowing China's second-largest telecommunications equipment maker to resume business.
14 July 2018, 18:00 PM

US banks see mixed profits, little trade war hit so far

Clients of giant US banks are increasingly nervous about growing trade tensions, but are not yet significantly curtailing business activity due to the uncertainty, banks said Friday after reporting mixed earnings.
14 July 2018, 18:00 PM

China's trade surplus with US swells in June

China's surplus with the United States hit a record last month, data showed Friday, adding to brewing tensions between the economic superpowers as they stand on the brink of an all-out trade war that Beijing warned would have a "negative impact" globally.
14 July 2018, 18:00 PM

India’s regulator proposes tighter rules for auditors

India's capital market regulator has proposed amendments to tighten laws governing auditors and other third-party individuals hired by listed companies for auditing financial results, among other things.
14 July 2018, 18:00 PM

US Fed sees tax cuts boosting spending,offsetting oil price rise

The US tax cuts will boost business and consumer spending this year, offsetting the hit to individual wallets from rising fuel prices, the Federal Reserve said Friday.
14 July 2018, 18:00 PM

India's trade deficit widens to 5-year high

India's trade deficit widened to its highest in more than five years in June, the trade ministry said on Friday, driven largely by a surge in oil prices and a weaker rupee.
14 July 2018, 18:00 PM

JPMorgan profit tops expectations

JPMorgan Chase & Co's quarterly profit topped Wall Street's expectations on Friday, as trading revenue came in much higher than expected and demand for loans increased on the back of a strengthening US economy.
14 July 2018, 18:00 PM

EU takes anti-Trump trade show to China and Japan

The European Union's top officials will meet the leaders of China and Japan next week to boost ties in the face of fears that US President Donald Trump will spark an all-out global trade war.
14 July 2018, 18:00 PM

China economic growth eased slightly in Q2

Chinese growth slowed only slightly in the second quarter as the impact of the deepening trade conflict with the United States was yet to kick in, according to analysts surveyed by AFP.
14 July 2018, 18:00 PM

India's fuel demand rose 8.7pc in June

India's fuel demand rose 8.7 percent in June compared with the same month last year.
12 July 2018, 18:00 PM

ZTE shares surge 25pc as US sanctions lift moves step closer

Shares in Chinese telecoms equipment maker ZTE surged more than 25 percent in Hong Kong on Thursday after the company moved a step closer to having a painful US purchase ban lifted.
12 July 2018, 18:00 PM

Amid trade war, China plays nice with foreign investors

Long accused of protectionist tactics that make it a difficult place for foreign firms to operate, China is trying to reverse that narrative amid an escalating trade war with the United States, green-lighting huge investments and portraying itself as a champion of openness.
12 July 2018, 18:00 PM

EU slashes eurozone growth forecast

The EU on Thursday slashed its growth forecast for the eurozone in 2018, warning that the rising trade tensions with the United States
12 July 2018, 18:00 PM

Turkey lira slumps to new record lows

Turkey's embattled lira slumped almost five percent to new record lows in value against the US dollar on Wednesday after concern over President Recep Tayyip Erdogan's new cabinet and his latest comments on interest rates.
12 July 2018, 18:00 PM