The U.S. government filed a motion on Wednesday asking for the dismissal of a lawsuit by Chinese telecommunications giant Huawei Technologies Co Ltd that claimed the United States had acted illegally when it blacklisted Huawei's products.
South Korean tech giant Samsung Electronics Co Ltd on Friday said its second-quarter operating profit likely fell 56% from a year earlier, beating analyst estimates.
Samsung Electronics Co Ltd forecast a steep plunge in its second-quarter operating profit as the U.S.-China trade war wreaks havoc in global chip and smartphone markets, although one-off gains helped it beat analyst expectations.
Crude oil prices fell on Friday, pressured by concerns over the outlook for global economic growth.
Asian shares hovered near two-month highs on Friday, holding recent gains as investors awaited U.S. employment data, a key release that could make or break market expectations about aggressive policy easing by the Federal Reserve.
Crude oil prices fell on Friday as concerns over the outlook for global economic growth outweighed elevated tensions in the Middle East that could disrupt supply routes and send prices higher.
Asian shares hovered near two-month highs on Friday as investors braced for U.S. employment data, a key release that could stoke or temper market expectations about aggressive policy easing by the Federal Reserve.
Malaysia on Friday charged one of the "Wolf of Wall Street" film producers, and stepson of former prime minister Najib Razak, with money laundering, alleging he misappropriated $248 million linked to state fund 1Malaysia Development Berhad (1MDB).
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The U.S. trade deficit jumped to a five-month high in May as imports of goods increased, likely as businesses restocked ahead of an increase in tariffs on Chinese merchandise, overshadowing a broad rise in exports.
The S&P 500 index hit a record high on Wednesday, led by defensive sectors, as bets of an interest rate cut rose on fears of a slowing global economy due to simmering trade tensions.
German prosecutors are escalating a money laundering inquiry involving Deutsche Bank , including planned raids on wealthy former clients, a person with direct knowledge of the matter told Reuters.
Shares of Tesla Inc jumped 8% on Wednesday after Chief Executive Officer Elon Musk made good on his promise of delivering record number of electric cars in the second quarter, quelling fears about demand for its sedans and SUVs.
The horizon for a possible initial public offering (IPO) and stock market listing of UK supermarket group Asda by its U.S. parent Walmart is two to three years, Asda's boss said on Wednesday.
Tesla shares surged in premarket trading Wednesday after what Barclays' called the company's "impressive" record quarterly sales number.