President Donald Trump said on Monday that China is ready to come back to the negotiating table and the two countries will start talking very seriously.Politicsread more
U.S. stock futures surged Monday morning after President Trump said China is ready to come back to the negotiating table following a phone call Sunday and the two countries...Marketsread more
The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
China's state media is putting up a brave front as the country's trade war with the U.S. escalated sharply over the weekend.China Economyread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
"We love the location of the hotel and we also like the fact that it's right next to the airport and it's Miami," Trump added.Politicsread more
As Washington and Beijing continue to up the ante in their protracted trade fight, the potential of a recession in the U.S. is now "the biggest concern," according to Standard...US Economyread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
Zurich Insurance is exploring a sale of its Hong Kong and Singapore operations as it reviews its non-core businesses outside Europe, sources familiar with the matter said.
The Swiss insurer has discussed the plan with several investment banks but has yet to hire advisers, the sources said, cautioning that no deal was certain.
A spokesman for Zurich, Europe's fifth-biggest insurer which is battling falling revenue in general insurance and sluggish growth at home, declined to comment on its plans.
The Swiss insurer launched an in-depth review of its business in September after explosions at the Chinese port of Tianjin caused losses of around $275 million. It had also abandoned a 5.6 billion pound bid for Britain's RSA Insurance after a "deterioration" in its general insurance business.
Then in January it issued a profit warning for its general insurance business and subsequently hired Genera li's former Chief Mario Greco to revive its fortunes.
The firm's Asian review comes amid efforts to sell Zurich's businesses in South Africa and Morocco, the sources said, adding that Morgan Stanley is leading the South African sale, which Zurich announced on Feb.19.
Zurich began scaling back its Asian franchise last year when it stopped accepting new life policy applications in Singapore, where it has been since 2006.
A partial exit from Asia will need the blessing of Zurich's incoming boss Greco.
The 56-year-old executive will take over the reins in March from Tom de Swaan, who has held the role on an interim basis since Martin Senn stepped down in December.
"It's up to Greco to take the final decision on Asia," one of the sources said.
If a sale goes ahead, Zurich will focus on China, Indonesia, Japan, Malaysia, Australia, New Zealand and Taiwan, the sources said.
Zurich restructured its Australia business last year, pulling out of some products, changing its organisational structure and cutting jobs.