May had failed to win a parliamentary majority on Britain's withdrawal from the European Union.Europe Politicsread more
Investors are rushing into the relative safe haven of the bond market, causing the yield on the U.S. 10-year Treasury to plummet.Real Estateread more
China denounced U.S. Secretary of State Mike Pompeo for fabricating rumors after he said the chief executive of China's Huawei was lying about his company's ties to the...World Politicsread more
U.S. President Donald Trump on Thursday predicted a swift end to the ongoing trade war with China, although no high-level talks have been scheduled between the two countries.World Economyread more
President Donald Trump has threatened tariffs on another $300 billion worth of Chinese goods — but Chinese PC-maker Lenovo is prepared to shift its production if that happens,...Technologyread more
Indian Prime Minister Narendra Modi won a landslide re-election victory. That could see India taking a more assertive security stance.Asia Politicsread more
The Wall Street Journal and The New York Times, citing people familiar with the deal, reported that $30 million would go to plaintiffs and $14 million would be used to pay...Entertainmentread more
Danish shipping group A.P. Moller-Maersk on Friday posted first-quarter profit close to expectations and warned that trade tensions and slowing economic growth constitute...Earningsread more
Chinese technology giant Huawei has enough inventory to sustain its smartphone and 5G networking equipment business for most of the rest of the year, according to brokerage...Technologyread more
President Donald Trump on Thursday directed the U.S. intelligence community to "quickly and fully cooperate" with Attorney General William Barr's investigation into the...Politicsread more
Despite a decline in global commercial real estate markets, Asia-Pacific continues to enjoy a record-breaking growth — thanks to China, according to the Global Capital Flows...Real Estateread more
The trade conflict between the United States and China could get much worse if things don't change, BlackRock's Larry Fink said Thursday.
"I was in China a few weeks ago, and I do believe if the path remains the same in the next few weeks, we're going to have a full-fledged trade war," the CEO of the largest asset manager in the world said at the DealBook conference in New York. "Let's hope I'm wrong."
The U.S. has slapped tariffs on billions of dollars worth of Chinese imports. China has retaliated with its own levies on U.S. goods. This skirmish has been going on for most of 2018 and has investors around the globe fearing tougher trade conditions could diminish corporate profits.
"China, a very strong, very proud nation, I think they're going to stand firm. Privately, I think they will negotiate, but I don't think that has worked for them at the moment," Fink said. "We had similar problems in our negotiations with Mexico and Canada. That was stalled and stalled and stalled until we came to a resolution."
Fink's comments come ahead of an expected meeting between President Donald Trump and Chinese President Xi Jinping at the Nov. 30-Dec. 1 G-20 summit of world leaders in Buenos Aires. In a tweet, Trump said he talked with Xi about trade and that the conversation was "long and very good. "