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Trump says China woes help U.S. in trade talks, downplays Apple warning

President Donald Trump on Friday downplayed a revenue warning from Apple Inc that cited slowing sales in China and said China's weakening economic growth puts the United States in a strong position as negotiators from the world's two largest economies prepare for trade talks next week.


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Posted 2019/01/05 00:50:13

Japan PM Abe says he plans to push for peace treaty with Russia

Japanese Prime Minister Shinzo Abe said on Friday he intends to push forward towards a World War Two peace treaty with Russia, which has been stymied for decades by a territorial row, during a summit in Russia later this month.


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Posted 2019/01/04 06:38:56

Trump, Congress leaders set to huddle on border wall, government shutdown

As a partial U.S. government shutdown hit the two-week mark, President Donald Trump and congressional leaders were scheduled on Friday to discuss ways to break an impasse pitting his demand for building a border wall against Democrats' call for alternative security measures.


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Posted 2019/01/04 06:06:08

Sino-U.S. trade talks a tonic as markets wager on Fed rate cut

Asian shares found a crumb of comfort on Friday as Beijing announced a new round of trade talks with Washington, though recession fears still had markets betting the next move in U.S. interest rates might be down.


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Posted 2019/01/04 05:37:31

Thousands of Thais seek shelter as first tropical storm in decades nears coast

Thailand's first tropical storm in three decades, packing winds of up to 80 kph (50 mph), is expected to make landfall on Friday evening, sending thousands of people flocking to shelter inland and shutting down two major airports.


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Posted 2019/01/04 05:36:23

On first day in power, House Democrats challenge Trump to end shutdown

Democrats wasted no time flexing their new power in the U.S. House of Representatives on Thursday by approving legislation backed by new Speaker Nancy Pelosi that would end a 13-day partial government shutdown, ignoring President Donald Trump's demand for $5 billion for a border wall.


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Posted 2019/01/04 05:20:34

Chinese phone maker Huawei punishes employees for iPhone tweet blunder

China's Huawei Technologies [HWT.UL] has punished two employees for New Year greetings sent on the smartphone maker's official Twitter account using an iPhone, an internal memo showed.


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Posted 2019/01/04 05:15:04

U.S. job gains seen picking up, may soothe jittery markets

U.S. job growth likely picked up in December with wages expected to have increased solidly, which could help to allay a recent upsurge in fears about the economy's health that have roiled financial markets.


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Posted 2019/01/04 05:04:40

China and U.S. to hold trade talks in Beijing on January 7-8

China and the United States will hold vice ministerial level trade talks in Beijing on Jan. 7-8, as the two sides look to end a dispute that is inflicting increasing pain on both economies and roiling global financial markets.


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Posted 2019/01/04 03:13:28

Pelosi regains gavel as speaker of most diverse U.S. House ever

Nancy Pelosi again became the most powerful woman in American politics on Thursday, gathering dozens of children around her as she took the oath of office as the next speaker of a diverse and deeply divided U.S. House of Representatives.


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Posted 2019/01/04 03:08:30

House passes bills that would end government shutdown, without wall funds

The U.S. House of Representatives, where Democrats now hold a majority, approved legislation on Thursday to end a partial government shutdown that began nearly two weeks ago at several federal agencies and fund the Department of Homeland Security through Feb. 8.


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Posted 2019/01/04 03:02:40

U.S. judge limits evidence in trial over Roundup cancer claims

A federal judge overseeing lawsuits alleging Bayer AG's glyphosate-based weed killer causes cancer has issued a ruling that could severely restrict evidence that the plaintiffs consider crucial to their cases.


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Posted 2019/01/04 02:45:10

Pioneering Southwest Airlines co-founder Herb Kelleher dies at 87

Herb Kelleher, who co-founded pioneering low-cost carrier Southwest Airlines Co and built it into an industry powerhouse stamped with his colorful, unconventional personality, died on Thursday at age 87, the U.S. carrier said.


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Posted 2019/01/04 02:15:31

Canada says 13 citizens detained in China since Huawei CFO arrest

Canada said on Thursday that 13 of its citizens have been detained in China since Huawei Technologies Co [HWT.UL] Chief Financial Officer Meng Wanzhou was arrested last month in Vancouver at the request of the United States.


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Posted 2019/01/04 02:01:12

Wall Street plunges as factory data, Apple warning fuel slowdown fears

Wall Street plunged on Thursday after slowing U.S. factory activity on the heels of a dire revenue warning from Apple Inc fueled fears of a global economic slowdown.


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Posted 2019/01/03 21:51:53

Stocks slammed, Treasury yields fall, yen surges

U.S. stocks plunged on Thursday and 2-year U.S. Treasury yields dropped below the Federal Reserve's policy rate for the first time in more than a decade, delivering a signal the U.S. central bank could begin reversing its tightening regime before long.


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Posted 2019/01/03 21:51:20

Apple shares dive; rare revenue warning drags global markets

Apple Inc shares plunged 10 percent on Thursday after the iPhone maker blamed weak China demand for a holiday-quarter revenue shortfall, with many investors worried the rare stumble was a harbinger for slowing global growth.


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Posted 2019/01/03 21:36:58

Bristol-Myers to buy Celgene for $74 billion in largest biopharma deal

Bristol-Myers Squibb Co said on Thursday it would buy Celgene Corp for about $74 billion, combining two of the world's largest cancer drug businesses in the biggest pharmaceutical deal ever.


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Posted 2019/01/03 20:43:47

Petrobras, Brazil government expect to resolve dispute within 100 days: minister

Brazil's government and state-run oil firm Petroleo Brasileiro SA expect to resolve a dispute over the oil producing zone known as the 'transfer-of-rights' area within 100 days, a minister said on Thursday.


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Posted 2019/01/03 20:42:36

Father and son advised on opposite sides of Bristol-Celgene deal

For most U.S. families, the holidays are all about gathering around the fireplace, overeating at festive dinners, and playing the occasional board game. But this year, a father and son were also working on the biggest pharmaceutical acquisition of all time.


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Posted 2019/01/03 20:09:14