SINGAPORE -China has waived the 125% tariff on ethane imports from the United States imposed earlier this month, two sources with knowledge of the matter said on Tuesday, among a group of products that have been granted exemptions. The move…

NEW YORK -Amazon’s Prime Day is losing its luster among a critical group: sellers. Some third-party merchants who previously sold China-made goods during Amazon’s premier July shopping event are sitting it out this year or reducing the amount of discounted…

BEIJING -Chinese airlines and Boeing have been severely impacted by U.S.-imposed tariffs, disrupting regular trade and investment activities of many businesses, the Chinese commerce ministry said in a statement on Tuesday. The ministry’s remarks came in response to media reports…

SINGAPORE -The dollar made a steady start on Monday as investors prepared for a week packed with economic data that may give a first glimpse of whether U.S. President Donald Trump’s trade war is hitting home. At 143.57 yen and…

SHANGHAI -Chinese automakers and foreign rivals are launching ever more advanced long-range hybrids to meet rising demand in the world’s largest auto market. Unlike many other major markets, China treats EVs and hybrids as one “new energy vehicle” sector where…

UNITED NATIONS – China and the United States accused each other of unfair trade practices at an informal United Nations Security Council meeting on Wednesday, seeking to portray each other as global bullies amid their escalating trade war. China convened…

European drugmakers are urging the EU to allow higher medicine prices, warning that without stronger investment incentives, the bloc would fall further behind the U.S., where tariff threats have triggered a wave of pharma investment announcements. AstraZeneca Chief Executive Officer…

NEW YORK -Wall Street stocks advanced on Wednesday on revived hopes for progress in the U.S.-China trade dispute and as President Donald Trump soothed fears the Federal Reserve could lose its autonomy with reassurances that he has “no intention of…

BRUSSELS – Apple was fined 500 million euros ($570 million) on Wednesday and Meta 200 million euros, as European Union antitrust regulators handed out the first sanctions under landmark legislation aimed at curbing the power of Big Tech. The EU…

NEW DELHI -Tesla sees India’s 100% import tariffs on cars making customers anxious, and the carmaker is still assessing when to enter the “very hot” market even as those concerns linger, its chief financial officer said on Tuesday. Tesla has…

SEOUL -Beijing recently asked South Korean companies not to ship products containing China’s rare earth minerals to U.S. defence firms, the Korea Economic Daily reported on Tuesday, citing government and company sources. The report had initially said China’s Ministry of…

SEOUL -In late March, as investors kept hammering Hyundai Steel shares after the South Korean steelmaker announced a $6 billion investment in the U.S., the company organised a call with a dozen investors to calm nerves over the project that…

The United States will aim for Britain to reduce its automotive tariff from 10% to 2.5%, The Wall Street Journal reported on Tuesday, citing people with knowledge of a draft document circulated by the administration of President Donald Trump. British…

Intel is set to unveil plans this week to slash more than 20% of its workforce, in a move to streamline operations and reduce bureaucratic inefficiencies, Bloomberg News reported on Tuesday, citing a person familiar with the matter. The layoffs…

Bitcoin, the world’s largest cryptocurrency, rose 5.01% to $91,713.49, after earlier breaking through the $90,000 for the first time since March as U.S. President Donald Trump’s trade policies have rocked global markets.

U.S. President Donald Trump’s social media firm, Trump Media & Technology Group, said on Tuesday it had reached a binding agreement to roll out an array of retail investment products, including crypto, in its latest bid to diversify into financial…

NEW YORK -A U.S. federal court on Tuesday allowed President Donald Trump’s tariffs against a group of small businesses to remain in force for now, saying the businesses had not shown they would immediately be harmed by new taxes on…

The World Economic Forum announced on Tuesday that it has launched an investigation into its founder, Klaus Schwab, following a whistleblower letter alleging misconduct by the former chairman. The announcement came a day after the 87-year-old Schwab said he was…

JP Morgan sees gold prices crossing the $4,000 per ounce milestone next year, following increased recession probabilities amid boosted U.S. tariffs and an ongoing U.S.-China trade war, the bank said in a note on Tuesday. The bank now expects gold…

China’s state-backed funds are pulling back from investing in the funds of U.S.-headquartered private capital firms amid an escalating trade war between the world’s two biggest economies, the Financial Times reported on Monday. Some of the Chinese funds are also…

NEW YORK -Major U.S. stock indexes were down more than 3% each and the dollar index slid to a three-year low on Monday as U.S. President Donald Trump’s continued attacks on the Federal Reserve chair and the bank’s monetary policy…

TOKYO -Nintendo’s Switch became a source of much-needed escapism during pandemic restrictions. Now, the Japanese video game company faces the harsh reality of a brutal trade war as it launches its successor device. The Switch 2 is set to debut…

BEIJING – China respects all parties resolving economic and trade differences with the United States through consultation on an equal footing, but it will firmly oppose any party striking a deal at China’s expense, its Commerce Ministry said on Monday….

U.S. stock index futures rose on Tuesday, bouncing back after equities tumbled in the previous session, when President Donald Trump’s criticism of Federal Reserve Chair Jerome Powell rattled investors. All three major indexes ended Monday’s session down more than 2%…

Canada’s Barrick Gold said on Tuesday it will exit the Donlin Gold Project in Alaska by selling its 50% stake to billionaire John Paulson and NovaGold Resources for up to $1.1 billion. Paulson and NovaGold will acquire 80% and 20%,…

Northrop Grumman posted a 49% drop in first-quarter profit and missed sales expectations on Tuesday, as the U.S. contractor booked losses on its B-21 stealth bomber program due to higher manufacturing costs, sending its shares down 10% in premarket trading….

TOKYO -The International Monetary Fund on Tuesday cut its economic growth forecast for Japan and projected the central bank would lift interest rates at a slower-than-expected pace due to the impact of higher U.S. tariffs. The downgrade highlights the damage…

MOSCOW -Major Russian banks have set up a netting payments system dubbed “The China Track” for transactions with China, aiming to reduce their visibility to Western regulators and mitigate the risk of secondary sanctions, banking sources told Reuters. Russia’s trade…