July 31, 2019

Samsung says Japanese curbs cloud outlook as profit halves, shares fall

Samsung Electronics warned on Wednesday that Japanese curbs on the export of chip-making materials was blurring its outlook and said it would delay a plan to […]
July 31, 2019

Oil gains a fifth day after U.S. stockpile drop amid rate optimism

Oil prices rose for a fifth day on Wednesday, buoyed by a bigger-than-expected drop in U.S. inventories and as investors awaited a widely expected cut in […]
July 31, 2019

U.S., China meet for trade talks as Trump talks tough

Top U.S. and Chinese trade officials met in Shanghai on Wednesday for talks in a bid to end a year-long trade war, despite low expectations for […]
July 31, 2019

Apple’s services, wearables shore up results as iPhone drops below half of sales

Apple Inc iPhone sales dropped to less than half of quarterly revenue for the first time in seven years, but CEO Tim Cook on Tuesday described […]
July 31, 2019

U.S. negotiators need to show ‘sincerity’ in Shanghai talks: China state media

Negotiators from the United States should show “sincerity” and temper expectations as they begin a new round of talks with Chinese counterparts to ease trade tensions […]
July 31, 2019

China, U.S. officials meet for trade talks in Shanghai

U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin shook hands with Chinese Vice Premier Liu He before beginning trade talks in Shanghai on Wednesday […]
July 31, 2019

Samsung Electronics looks to chip recovery as second-quarter profit falls 56%

Samsung Electronics Co Ltd said it expected the chip market to bottom out and start to recover in the second half as it posted a 56% […]
July 31, 2019

After $6 billion M&A spree, insurer FWD eyes China foray ahead of IPO

Fast-growing insurer FWD is seeking to launch operations in China ahead of a public offering and plans to bolster its non-life business in Asia, its chief […]
July 31, 2019

China probes small bank shareholdings as risk worries persist

China is sharpening its scrutiny of small banks’ shareholders amid fears that loans from the lenders to big investors could prove a weak point in the […]
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