Business

Trump says China to cut tariffs on U.S.-made autos after trade war truce

Washington DC-Beijing, December 3, 2018 - China has agreed to “reduce and remove” tariffs below the 40 percent level that Beijing is currently charging...

Summit backs WTO reform ahead of Trump, Xi trade talks

Buenos Aires, December 1, 2018 - The leaders of the world’s largest economic powers on Saturday backed an overhaul of the global body that...

Wall Street rallies as Powell hints at slowing rate hikes

New York, November 28, 2018 - Wall Street extended its gains on Wednesday after Federal Reserve Chair Jerome Powell said that the central bank’s...

Malaysia bets on durian as China goes bananas for world’s smelliest fruit

Kuala Lumpur, November 26, 2018 - The stinky, spiky durian is set to become Malaysia’s next major export as the Southeast Asian nation rushes...

Black Friday deals lure U.S. shoppers, biggest sales gains online

New York, November 23, 2018 - Shoppers across the United States snapped up deep discounts on toys, clothing and electronics both online and at...

U.S. business spending slowing; housing market weak

Washington DC, November 21, 2018 - New orders for key U.S.-made capital goods were unexpectedly unchanged in October and shipments rebounded modestly, which could...

China blames ‘excuses’ for APEC discord, as U.S. ties sour again

Beijing, November 20, 2018 - The failure of the countries attending a major Asia-Pacific summit to agree on a communique resulted from certain countries...

Explainer: What misconduct is Nissan’s Ghosn accused of, and how did it come to...

Tokyo, November 20, 2018 - Japan was shocked by news that Nissan Motor Co Chairman Carlos Ghosn, who was widely respected for rescuing the...

Retail gloom, tech weakness pin down Wall Street

New York, November 20, 2018 - The S&P 500 hit a three-week low on Tuesday as weak results and forecasts from a bunch of...

South Korean firms to plead guilty to rigging U.S. military fuel bids

Washington DC, November 14, 2018 - Three South Korean companies will plead guilty to criminal charges and pay $82 million in fines for their...