Trump said he will raise tariffs on $250 billion in Chinese goods to 30%, and hike duties on another $300 billion in products to 15%.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
Federal Reserve Vice Chair Richard Clarida said Friday that the global economy has deteriorated in the past month.Marketsread more
The latest escalation in the trade war ups the odds the economy will fall into recession and that the Fed will aggressively cut rates.Market Insiderread more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
"My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?" Trump wrote amid a series of tweets that rattled markets Friday.Politicsread more
The final week of August could be highly volatile as markets fret over the economy and the latest developments in trade wars.Market Insiderread more
The death comes as federal and state health officials investigate a slew of lung illnesses in connection to e-cigarette use.Health and Scienceread more
Bank of England Governor Mark Carney says trade war has a confidence effect on business around the worldMarketsread more
Supreme Court Justice Ruth Bader Ginsburg has completed a three-week course of radiation therapy for cancer, the top court said in a statement Friday.Politicsread more
Hong Kong's richest man has just sold his 73-storey office tower to a Chinese consortium for a reported world record fee.
CK Asset Holdings, owned by billionaire Li Ka-Shing, sold the "The Center" for HK$40.2 billion ($5.2 billion), the highest transaction ever recorded for a single office building.
Li, who turns 90 next July, has been seeking to sell the building for at least a year.
Following the deal, shares in CK Asset Holding closed the Thursday session higher by 3.55 percent.
According to analysis by financial research company Dealogic, the sale easily eclipses the previous record of $2.95 billion paid in 2016 for the Century Link complex in Shanghai. That sale was also made by Mr Li.
The buyer of the building is identified on the official market announcement as "C.H.M.T. Peaceful Development Asia Property Limited," incorporated in the British Virgin Islands.
The identities behind the purchasing vehicle are not officially revealed in filings, but the South China Morning Post has reported that the consortium's largest shareholder is Beijing-based China Energy Reserve & Chemicals Group.
In turn, the Chinese Communist party is reported to have a sizable stake in the energy firm.
Rents for prime offices in Hong Kong's financial district are already the most expensive in the world at $269 a square foot, according to property experts CBRE.