U.S. stocks rose on Monday, with banks and industrial stocks driving a third day of gains on Wall Street as investors looked ahead to a strong quarterly earnings season, setting aside trade concerns. Bank stocks were the biggest gainers, with the S&P banks index rising 2.4 percent, on track for its biggest percentage gain in […]

BEIJING – China’s COSCO Shipping Holdings (601919.SS) (1919.HK) said on Sunday a key U.S. review body has cleared its planned $6.3 billion acquisition of shipping firm Orient Overseas International Ltd (OOIL)(0316.HK) on security issues. COSCO said on June 30 that all pre-conditions for the OOIL offer made last year had been met after receiving approval […]

China has hit back after US tariffs on Chinese goods came into effect and President Donald Trump threatened to impose more. China’s commerce ministry said it had lodged a new complaint with the World Trade Organization (WTO). Meanwhile, Russia has announced extra duties on US imports in retaliation for earlier US steel tariffs. Beijing has […]

U.S. stocks rose on Friday as stronger-than-expected jobs growth in June and a surge in Biogen’s shares eased concerns about an escalating U.S.-China trade dispute after the two economies slapped tariffs on each other’s imports worth $34 billion. Biogen jumped 15.6 percent and was on track for its biggest percentage gain in over seven years […]

DETROIT/LONDON/SHANGHAI  – Automakers are scrambling to ship vehicles to the United States to pre-empt possible higher tariffs, according to port data, port officials and logistics companies. Data from a number of U.S. ports showed a surge in vehicle exports and imports in May, as U.S. President Donald Trump ratcheted up pressure on China and Europe […]

Losses in shares of technology and industrial companies dragged Wall Street lower on the first trading day of the second half of this year, as risk of an escalating tariff war between Washington and its trading partners continued to weigh on sentiment. Shares of trade-sensitive U.S. companies slipped, with Boeing (BA.N) and Caterpillar (CAT.N) down […]

SHENZHEN, China/HONG KONG – Chinese telecoms giant ZTE Corp announced a new board on Friday in a radical management shakeup as part of a $1.4 billion deal with the United States, moving it closer towards getting a devastating American supplier ban lifted. The United States slapped the crippling seven-year supplier ban on ZTE, China’s No. […]

Amazon’s foray into the pharmacy space sent drug stocks sliding on Thursday, but gains in financial and technology stocks helped Wall Street keep its footing. Amazon.com said it would buy online pharmacy PillPack, sending shares of drug distributors and retailers tumbling. Walgreens Boots Alliance, already under pressure after its third-quarter earnings report, tumbled 9.3 percent […]

U.S. stocks rose on Wednesday after the Trump administration eased its stance on curbing Chinese investments in American technologies and as oil prices surged. President Donald Trump said he will use a strengthened national security review panel — the Committee on Foreign Investment in the United States (CFIUS) — to deal with potential threats from […]

WASHINGTON/CHICAGO – U.S. President Donald Trump threatened Harley-Davidson Inc with higher taxes and said the iconic motorcycle maker would suffer from a public backlash if it goes ahead with a plan to move production for European customers overseas. Trump’s latest attack on a U.S. corporation is a sharp reverse for the president, who early in […]