Citi readies for Asia investment surge with new China desk as trade war intensifiesCitigroup Inc will set up a China business desk in India within the year betting on a pickup in investment flows within the Asian region, its Asia-Pacific corporate banking head said, as concerns grow...
Trade war ramps up as US threatens $200bn in Chinese goodsThe United States and China have fired the next shots in their escalating trade war, with Washington threatening to impose fresh tariffs on another $200 billion in Chinese goods and Beijing vowing to...
OPEC’s oil output jumps in June as Saudi Arabia opens the taps to tame crude pricesSaudi Arabia hiked its oil output in June to the highest level since the end of 2016. The jump in Saudi supplies shows the world's top crude exporter is making good on its recent vow to cool the marke...
Britain to fine Facebook over data breachBritain's data regulator has said it will fine Facebook half a million pounds ($660,000) for failing to protect users' data, in an inquiry into whether personal information had been misused by campaig...
After Tesla deal, Shanghai to speed up cancellation of foreign ownership limitsShanghai will accelerate efforts to cancel restrictions on foreign investment in the auto manufacturing sector, a government official said on Wednesday, a day after Tesla said it would build a wholly...
Barclays Africa returns to its South African roots with Absa rebrandingBarclays Africa changed its name back to Absa <ABGJ.J> on Wednesday, in a rebranding aimed at underlining its South African roots as Britain's Barclays <BARC.L> gradually retreats from the...