LONDON (Reuters) – World stocks were dragged lower on Wednesday by growing anxiety ahead of Washington’s end of week deadline to impose tariffs on Chinese imports, while the yuan rebounded after China’s central bank moved to calm investors.
BEIJING (Reuters) – U.S. automaker General Motors Co said on Wednesday its second-quarter sales in China increased 0.7 percent to 858,344 vehicles compared with the same period a year ago.
The decision by a Chinese court to temporarily ban some sales by Micron Technology Inc. adds to a series of setbacks for the world’s chipmaking giants in their most important market. Micron, which has been caught up in dueling intellectual property lawsuits with United Microelectronics Corp., received a preliminary injunction from the Fuzhou Intermediate People’s Court in Fujian province stopping sales of 26 products. Chipmakers are finding it increasingly fraught doing business in China, the world’s biggest market for semiconductors, amid tensions with the U.S. over trade and the Asian country’s own aspirations in the sector. …read more […]
BEIJING (Reuters) – Chinese conglomerate HNA Group [HNAIRC.UL] said on Wednesday its Chairman Wang Jian died during a business trip to France on July 3 after a serious injury caused by a fall.
NEW YORK/HONG KONG (Reuters) – China’s embattled ZTE Corp has received a temporary reprieve from the U.S. government to conduct business needed to maintain existing networks and equipment as it works toward the lifting of a U.S. supplier ban.
NEW YORK/HONG KONG (Reuters) – China’s embattled ZTE Corp has received a temporary reprieve from the U.S. government to conduct business needed to maintain existing networks and equipment as it works toward the lifting of a U.S. supplier ban.
TOKYO (Reuters) – Asian stocks slipped on Wednesday on the specter of a Sino-U.S. trade war ahead of an end-of-week deadline for U.S. tariffs on $34 billion worth of Chinese imports while the yuan stabilized after China’s central bank moved to calm nervous investors.
Chinese search engine giant Baidu have partnered with Softbank subsidiary SB …read more […]
Baidu is preparing to launch a driverless service in China — and elsewhere — …read more […]
JAKARTA (Reuters) – Indonesia has extended the operating permit of Freeport McMoRan Inc’s local unit, PT Freeport Indonesia (PTFI), to July 31, 2018, as discussions continue over longer term rights to … …read more […]
TOKYO (Reuters) – Asian stocks were on shaky ground on Wednesday while the Chinese yuan stood near 11-month lows as the specter of a Sino-U.S. trade war haunted investors ahead of an end-of-week deadline for U.S. tariffs on billions of dollars worth of Chinese imports.
TAIPEI (Reuters) – Shares of United Microelectronics Corp , Taiwan’s second-largest chip maker, rose more than 2 percent on Wednesday after it said it had won a trade infringement case with Micron Technology … …read more […]
(Reuters) – Kinder Morgan Canada Ltd said in a filing on Tuesday it is restarting construction in August on the Trans Mountain pipeline’s expansion after halting work in the spring due to opposition from environmentalists and other groups as Canada prepares to buy the project in a bid to boost country’s oil exports.
The struggling drugstore chain stumbles following Amazon’s new push into pharmacy services. …read more […]
SEOUL (Reuters) – Samsung Electronics Co Ltd is expected to post its smallest profit growth in more than a year in the second quarter, as lacklustre sales of its premium Galaxy smartphones overshadow its highly profitable chip business.
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