Huawei unveils Harmony operating system, won’t ditch Android for smartphones

Huawei Technologies unveiled on Friday its proprietary operating system for smartphones and other devices, as US trade restrictions imposed in May threaten to cut the Chinese firm’s access to US technologies such as Android.
10 August 2019, 18:00 PM

Gold gains as trade concerns weigh on global markets

Signs of further escalation of the US-China trade war and weak UK economic data weighed on global markets on Friday, capping a volatile week that has pushed gold to its highest level in six years.
10 August 2019, 18:00 PM

Investors look for consumer pressure ahead of next tariffs

As President Donald Trump prepares to slap new tariffs on Chinese imports, investors are bracing for signs of pressure on US consumers as top retailers begin reporting quarterly results next week and key consumer sentiment and retail sales data is released.
10 August 2019, 18:00 PM

Global economic uncertainty threatens oil demand: IEA

Concerns over the health of the global economy, marked by the US-China trade dispute, forced the International Energy Agency on Friday to lower its growth forecast for oil demand for 2019 and 2020.
10 August 2019, 18:00 PM

Germany eyes fiscal U-turn with new debt to finance climate plan

Germany is considering ditching its long-cherished balanced budget policy to help finance a costly climate protection programme with new debt, a senior government official said.
10 August 2019, 18:00 PM

Apple loses more ground in smartphone market

Apple lost more ground in the shrinking smartphone market last quarter, with a sales tracker saying the tech giant was pushed off the top-three seller list by a Chinese rival.
10 August 2019, 18:00 PM

Russia’s top borrowers join calls to let banks use domestic ratings

Russia’s top gas producer Gazprom and a raft of other major firms have added to calls for the banking sector to use domestic ratings in implementing new financial regulations, saying this would ease pressure on banks and cut lending rates.
10 August 2019, 18:00 PM

Prolonged uncertainty weighs on euro zone growth outlook: ECB

Prolonged uncertainty is dampening the euro zone’s growth outlook, particularly for manufactured goods, the European Central Bank said in a regular Economic Bulletin on Thursday.
8 August 2019, 18:00 PM

Investors seek safety in bonds on fears over economic outlook

Plunging bond yields jolted global markets Wednesday as interest rate cuts by three central banks and grim German economic data underscored worries about a weakening global economy amid the protracted US-China trade war.
8 August 2019, 18:00 PM

China’s exports unexpectedly rise in July

China’s exports beat expectations to rise in July while its purchases continued to shrink, official data showed Thursday, despite simmering US trade tensions.
8 August 2019, 18:00 PM

More Hong Kong companies say business impacted by mass protests

Conglomerate Swire Pacific became the latest major Hong Kong company to voice concern about the impact of protests in the city on business activity, saying they are having direct and indirect impact on demand on a number of its businesses.
8 August 2019, 18:00 PM

Adidas fears ‘everybody will lose’ in US-China currency war

German sportswear maker Adidas warned Thursday that “everybody will lose” if a currency war ignites between China, the United States and other countries, while reporting continued strong earnings in its second quarter.
8 August 2019, 18:00 PM

Trump says China is ‘killing us with unfair trade deals’

US President Donald Trump on Wednesday said his tough stance on China’s economic and trade policies would ultimately benefit the American economy, even as Beijing signaled it could strike back by curbing sales of chemicals known as rare earths that are used in everything from iPhones to military equipment.
8 August 2019, 18:00 PM

Japan OKs key exports to S Korea for first time under new rules

Japan has approved the export to South Korea of some key products for the first time since introducing stricter trading rules amid an ongoing row between the two US allies.
8 August 2019, 18:00 PM

US FDA tells four firms to stop selling flavoured e-cigarette, hookah products

The US Food and Drug Administration has told four companies to remove 44 of their flavored e-liquid and hookah tobacco products that do not have the required approval for sale in the US, the agency said on Thursday.
8 August 2019, 18:00 PM

Beijing calls US ban on Chinese firms ‘abuse of state power’

Beijing on Thursday said US rules banning technology giant Huawei and other Chinese firms from government contracts amounted to “abuse of state power” amid an escalating China-US trade war.
8 August 2019, 18:00 PM

UAE pulls WTO trade complaint against Qatar

The United Arab Emirates withdrew on Thursday a complaint it made to the World Trade Organization accusing Qatar of imposing discriminatory trade restrictions on its goods.
8 August 2019, 18:00 PM

PNG backtracks on China debt refinancing statement

Papua New Guinea Prime Minister James Marape has backtracked on an announcement saying he had asked China to refinance the country’s $8 billion debt, insisting the statement was released without his knowledge.
8 August 2019, 18:00 PM

New Zealand interest rates slashed to record low

New Zealand’s central bank slashed interest rates to a record low of 1 percent Wednesday, warning that the economy faced rising headwinds.
7 August 2019, 18:00 PM

Cathay Pacific reports profit but warns of HK protests impact

Hong Kong’s flagship airline Cathay Pacific warned Wednesday that increasingly violent protests in the financial hub had hit booking demand.
7 August 2019, 18:00 PM