Japan logged its biggest trade deficit in nearly five years in January, as trade tensions and a global economic slowdown weighed on exports and threatened the country’s main engine of growth. The value of Japan’s January exports fell by a faster than-expected 8.4% from a year ago to 5.574 trillion yen, a two-year-low, according to […]

The chief financial officer of China’s global telecomms giant Huawei has been arrested in Canada and faces extradition to the United States, officials said Friday, triggering a strong protest by Beijing, which called for her immediate release. Meng Wanzhou’s detention comes after American authorities reportedly launched an investigation into suspected Iran sanctions by Huawei, which […]

The British pounds strengthens against the U.S. dollar and the euro after a string of parliamentary defeats for UK Prime Minister Theresa May increases the chances that Brexit will eventually be called off. The odds are still below 50%, though. JPMorgan raised the probability of Britain ultimately staying in the EU to 40% from 20%. […]

IBM announced Sunday it will acquire North Carolina-based open-source software company Red Hat in a $34 billion stock deal that the technology and consulting giant’s chief executive says will advance the company to the next step in cloud computing. IBM and Raleigh-based Red Hat said in a joint statement that IBM would buy all Red […]

Saudi Arabia’s crown prince trumpeted on Tuesday a conference that has drawn investment deals worth $50 billion despite a boycott over the killing of journalist Jamal Khashoggi, declaring the event as “great – more people more money”. This year’s Future Investment Initiative was overshadowed by the death of the Saudi journalist, a critic of Crown […]

By Stephen Nellis SAN JOSE, Calif – Softbank Group Chief Operating Officer Marcelo Claure said on Tuesday it is “business at usual” at companies backed by its nearly $100 billion Vision Fund despite a tense situation with Saudi Arabia, which provided nearly half of the fund’s capital. Claure spoke at a technology conference in San […]

JP Morgan & Chase Co Chief Executive Jamie Dimon and Ford Motor Co Chairman Bill Ford canceled plans to attend a Saudi investor conference, the companies said on Sunday, the latest such high-profile announcements after the disappearance of Saudi journalist Jamal Khashoggi. The cancellations could add pressure on other U.S. firms like Goldman Sachs Group […]

Asia markets were broadly negative on Tuesday, amid concerns over the ongoing trade spat between the U.S. and China. Mainland China markets closed lower following Monday’s public holiday. The Shanghai composite ended the trading day lower by 0.58 percent at around 2,781.14 while the Shenzhen compositealso slipped by 0.54 percent to close at about 1,437.31. […]

Baidu, Alibaba and Tencent — the BATs — have seen over a collective $168 billion wiped off their valuation. Alibaba shares are down over 11 percent year-to-date, Tencent has plunged 22.4 percent, while Baidu is off more than 6 percent. The China-U.S. trade war, concerns over valuation and a regulatory crackdown from Beijing have hit […]

By imposing taxes on an additional $200 billion in Chinese goods, President Donald Trump has intensified a battle of wills between the world’s two largest economies — and the outcome is far from certain. No one knows how long the tariffs announced Monday might last. No one knows if Beijing will yield as pressure builds […]