August 14, 2019

China requests removal of additional tariffs as per Osaka consensus: Global Times editor in chief

China is asking that it and the United States remove all additional tariffs in line with a consensus reached between the two sides in Osaka, Japan, […]
August 14, 2019

WeWork to test IPO investor appetite with widening losses

WeWork owner The We Company published detailed financial statements for the first time on Wednesday, revealing breakneck revenue growth and soaring losses, as it prepares for […]
August 14, 2019

Oil tumbles 5% on weak global economic data, U.S. crude build

Oil prices sank roughly 5% on Wednesday after disappointing economic data from China and Europe revived global demand fears and U.S. crude inventories rose unexpectedly for […]
August 14, 2019

Macy’s shares sink as discounts to clear inventory hurt, tourism drops

Macy’s Inc cut its full-year earnings forecast on Wednesday after missing estimates for quarterly profit for the first time in at least two years, as it […]
August 14, 2019

U.S. import prices rebound, but trend still subdued

U.S. import prices unexpectedly rose in July, but the underlying trend continued to be weak, pointing to subdued imported inflation pressures. Powered by WPeMatico
August 14, 2019

Ford extends warranty on 560,000 Focus, Fiesta models

Ford Motor Co said on Wednesday it was extending warranty on clutch and related hardware in 560,000 Focus and Fiesta cars that were reported to have […]
August 14, 2019

Stocks, oil tank on growing signs of global slowdown

Equity markets tanked and oil prices fell sharply on Wednesday after a closely watched bond indicator pointed to the growing risk of a U.S. recession that […]
August 14, 2019

Trade tensions and a weaker yuan drive Chinese crypto demand, market players say

Trade tensions between the United States and China and a weakening yuan are boosting demand for cryptocurrencies among Chinese investors, market players from Asia to New […]
August 14, 2019

China’s Tencent cautious after surge in quarterly profit

China’s Tencent Holdings , the world’s largest gaming company by revenue, warned on Wednesday of a difficult economic environment even as it reported a better-than-expected 35% […]
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