July 20, 2018

White House adviser: China offering ‘no options’ on trade: Axios

White House economic adviser Larry Kudlow blamed Chinese President Xi Jinping for a lack of progress over U.S-China trade talks, and warned that U.S. President Donald […]
July 20, 2018

GE quarterly profit drops 28 percent; cash flow target trimmed

U.S. industrial conglomerate General Electric Co reported a 28 percent drop in quarterly profit on Friday, as weakness in power and renewables energy offset gains in […]
July 20, 2018

Baker Hughes revenue misses on lower demand for oilfield equipment

Oilfield services provider Baker Hughes, controlled by GE, on Friday reported lower-than-expected quarterly revenue as demand for its equipment fell. Powered by WPeMatico
July 20, 2018

IT firm Wipro to buy U.S.-based Alight’s India ops for $117 million

India’s third-biggest software services exporter, Wipro Ltd , said on Friday it would buy U.S.-based Alight Solutions’ India operations for $117 million in cash. Powered by […]
July 20, 2018

U.S., euro zone growth readings to tell story of divergence

The U.S. and euro zone economies remain a world apart and growth data due in the coming days will only highlight the widening gap, suggesting that […]
July 20, 2018

Merkel says U.S. auto tariffs a threat to the prosperity of many

German Chancellor Angela Merkel said on Friday she thought U.S. tariffs on imported cars would be against World Trade Organisation rules and endanger the prosperity of […]
July 20, 2018

China’s stock, yuan rebound drives Asian markets higher

Asian shares pushed higher on Friday, clawing back earlier losses in volatile trade as China’s stocks recovered sharply and the yuan bounced from a one-year low […]
July 20, 2018

SoftBank’s Vision Fund to invest $1 billion in China AI startup: Bloomberg

SoftBank Group Corp’s Vision Fund is seeking to invest almost $1 billion in SenseTime Group Ltd, a Chinese facial recognition technology developer, Bloomberg reported on Friday. […]
July 20, 2018

Asia stocks unnerved by yuan slide, heightened trade war fears

The Chinese yuan skidded to one-year lows on Friday, unnerving investors in Asian stock markets and stoking concerns Beijing’s currency management could become the next flash […]
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