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China praises positive steps in US trade row, says didn’t give in

China praises positive steps in US trade row, says didn’t give in

The newspaper said China was not being forced to increase imports as a way to ward off the trade tensions or because the country had submitted to outside pressure. Chinese and US flags are set up for a meeting during a visit by US Secretary of Transportation Elaine Chao at China’s Ministry of Transport in […]

May 21, 2018 | By | Reply More
China agrees to import more from US, no sign of $200 billion figure

China agrees to import more from US, no sign of $200 billion figure

China has agreed to increase the amount of goods and services purchased from the US but made no mentioned to the 200 billion dollars the US announced. The YM Bamboo, a container ship operated by the China Ocean Shipping Company (COSCO) is docked at the Port of Oakland in Oakland, California.(Reuters pic) WASHINGTON: China has […]

May 19, 2018 | By | Reply More
Race for gold reaches climax at politically charged Cannes

Race for gold reaches climax at politically charged Cannes

This year there were less-lavish parties and fewer A-listers on the Croisette seaside boulevard. Cate Blanchett heads the Cannes jury. (AFP pic) CANNES: A jury led by Cate Blanchett will crown the winner of the coveted Palme d’Or for best film at Cannes Saturday, after a politically charged festival rocked by controversy and the #MeToo […]

May 19, 2018 | By | Reply More
Cambridge Analytica files for Chapter 7 bankruptcy

Cambridge Analytica files for Chapter 7 bankruptcy

Cambridge Analytica has filed for Chapter 7 bankruptcy in a New York court. The nameplate of political consultancy, Cambridge Analytica, is seen in central London, Britain.(Reuters pic) BENGALURU: Cambridge Analytica, the firm at the center of this year’s Facebook privacy row, filed for voluntary Chapter 7 bankruptcy in a New York court late on Thursday. […]

May 18, 2018 | By | Reply More
China halts US sorghum dumping probe amid signs of trade thaw

China halts US sorghum dumping probe amid signs of trade thaw

Beijing’s announcement that it was ending its investigation, which effectively halted a trade worth roughly $1.1 billion last year, came hours after U.S. officials familiar with the matter said China was offering a package to slash the U.S. trade deficit by up to $200 billion. A field of sorghum (milo) grain is seen at a […]

May 18, 2018 | By | Reply More
Drama at CBS: judge denies bid to dilute Redstone power

Drama at CBS: judge denies bid to dilute Redstone power

A Delaware judge rejected a petition from the CBS board of directors to block the Redstone family’s holding company from interfering with the evaluation of any merger deal. Shari Redstone won the first round of a legal battle over the control of CBS Corp, rejecting a petition from its board of directors to block the […]

May 18, 2018 | By | Reply More
China offers Trump package to slash US trade deficit

China offers Trump package to slash US trade deficit

China offered US President Donald Trump a package to reduce the trade deficit of the US. U.S. President Donald Trump speaks during a meeting.(Reuters pic) WASHINGTON: China has offered U.S. President Donald Trump a package of proposed purchases of American goods and other measures aimed at reducing the U.S. trade deficit with China by some […]

May 18, 2018 | By | Reply More
Walmart online sales surge, earnings beat expectations

Walmart online sales surge, earnings beat expectations

Quarterly profits of Walmart took a hit but earnings beat analysts’ expectations and total sales rose amid the growth of its online business. Walmart.(AFP pic) NEW YORK: US retail giant Walmart saw quarterly profits take a hit but earnings beat analysts’ expectations and total sales rose amid the growth of its online business, the company […]

May 17, 2018 | By | Reply More
Trump dampens chances of trade deal with China

Trump dampens chances of trade deal with China

“I tend to doubt it,” Trump said about the chances for talks for a trade deal with China to be successful. Trump’s comments came shortly before Trump was due to meet with China’s top trade negotiator Liu He.(AFP pic) WASHINGTON: US President Donald Trump threw cold water on the chances of reaching a deal on […]

May 17, 2018 | By | Reply More
Singapore Airlines has highest profit in seven years

Singapore Airlines has highest profit in seven years

Net profit rises 148% to S$893 million. SIA’s full-year net profit result is 28% higher than the average forecast from 14 analysts. (Reuters pic) SINGAPORE: Singapore Airlines Ltd on Thursday topped market expectations by reporting a 148% rise in full-year net profit to the highest level since 2011, as passenger and cargo revenue rose and […]

May 17, 2018 | By | Reply More