A senior U.S. official told the Commerce Department's enforcement staff this week that China's Huawei should still be treated as blacklisted, days after U.S. President Donald Trump sowed confusion with a vow to ease a ban on sales to the firm.
Asian shares fell on Wednesday as initial enthusiasm over the latest U.S.-China trade truce was overtaken by fresh concerns over Washington's threat of tariffs on additional European goods.
Major automakers on Tuesday posted mixed U.S. sales results for June and the second quarter, with demand still fairly strong for SUVs and pickup trucks while passenger car sales continued a long-running decline.
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Credit Suisse's outgoing head of International Wealth Management Iqbal Khan is mulling several concrete offers from Swiss and international banks, a source familiar with Khan's thinking told Reuters on Tuesday.
Automakers including Fiat Chrysler Automobiles NV and Hyundai Motor Co on Tuesday reported a rise in U.S. sales for June, lifted by strong demand for sport utility vehicles and trucks. Automakers have focused on selling the more profitable larger SUVs and trucks and had offered heavy discounts of up to 30% or more on their most popular models in June amid a slowdown in the broader market.
Arizona will withdraw incentives for Nike Inc's manufacturing plant in the state after the sportswear maker pulled the release of a sneaker that featured an old version of the American flag, Governor Doug Ducey said on Tuesday.
The European Union said on Tuesday it was open to talks with Washington in a dispute over aircraft subsidies after the United States threatened an additional $4 bln in tariffs on EU goods including olives, Italian cheese and Scotch whisky.
Investment banks are scrambling to re-pitch to advise Saudi Aramco on a possible initial public offering, sources familiar with the matter said, with Saudi Arabia's energy minister confirming plans for the listing to proceed in 2020 or 2021.
U.S. stocks edged lower on Tuesday, a day after a record-setting rally, as optimism sparked by the U.S.-China trade truce waned after Washington threatened tariffs on $4 billion of additional EU goods.
White House trade adviser Peter Navarro said on Tuesday U.S. trade talks with China are heading in the right direction and any concessions to Beijing on Huawei Technologies was small in the context of a larger trade deal.
The rivalry between the U.S. and China could be so disruptive that it's starting to decouple the global economy and eventually causing a recession, according to Nouriel Roubini.
President Emmanuel Macron sought to break a deadlock on Tuesday over assigning the EU's top jobs by proposing France's Christine Lagarde, now head of the International Monetary Fund (IMF), to lead the European Central Bank (ECB), diplomatic sources said.
U.S. stocks opened flat on Tuesday, following a record-setting rally in the previous session, as optimism over U.S.-China trade talks waned after Washington threatened tariffs on $4 billion worth of additional European goods.
German authorities have fined Facebook 2 million euros ($2.3 million) for under-reporting complaints about illegal content on its social media platform in breach of the country's law on internet transparency.