China accuses Trump of damaging global tradeBEIJING: China accused US President Donald Trump on Friday of damaging the global trading system by hiking steel and aluminum tariffs, while Japan and South Korea expressed alarm at potential economic...
China can be more ‘courageous’ in opening: central bankerChina's chief central banker said on Friday the country could be more "courageous" in opening its markets, as European and American firms push for greater access to the world's second largest economy....
US trading partners, businesses say tariffs will backfireTrading partners and industries warned Friday that the Trump administration's decision to impose tariffs on aluminum and steel imports could backfire, provoking a trade war without resolving the probl...
How tariffs, trade war fears roil US financial marketsNEW YORK: US President Donald Trump’s plans to impose tariffs on steel and aluminum imports has rippled through financial markets since last week, when his initial announcement set off fears of a glob...
UK factories start 2018 in low gear, construction tumblesLONDON: British industry kicked off 2018 in low gear and a downturn in construction deepened, according official data on Friday that suggested Britain's economy remains on a slow path ahead of Brexit....
EU seeks clarity on whether it will be hit by US tariffsBRUSSELS: The European Union is still seeking clarity from Washington about whether the 28-nation bloc will be exempt from President Donald Trump's steel and aluminum tariffs, the EU's top trade offic...
Toyota affiliate Denso buying stake worth $800 million in RenesasTOKYO: Japanese auto parts supplier Denso Corp is buying an additional 4.5 percent stake in chipmaker Renesas Electronics in a deal worth $800 million based on market prices, as car makers accelerate...
Toshiba expects to complete chip unit sale by June at latestYOKKAICHI: Toshiba Corp expects the sale of its $18 billion memory chip business to be completed by June at the latest, if not by an agreed deadline of the end of March, as it awaits antitrust regulat...