A Ministry of Commerce spokesperson did not mention any U.S. actions specifically, but it's been a tense couple of weeks for the trade negotiations.World Politicsread more
U.S. stock index futures were lower Thursday morning, as market participants continue to monitor an intensifying trade war between the world's two largest economies.US Marketsread more
British Prime Minister Theresa May could announce her resignation in the next few days, according to U.K. media reports, as she faces increasing pressure from members of her...Europe Politicsread more
A federal judge in New York City on Wednesday said Deutsche Bank and Capital One can turn over financial documents related to President Donald Trump and his businesses in...Politicsread more
Chinese government-aligned experts are stressing that the U.S. will need to negotiate a trade agreement with Asia's largest economy.China Economyread more
Escalating trade tensions have hit emerging markets hard this month. With the trade war still a looming fear for markets, Miller Tabak equity strategist Matt Maley is making a...Trading Nationread more
Richard Yu, CEO of Huawei's consumer business, said Huawei's own operating system for smartphones and laptops could be ready for use in China by fall this year.Technologyread more
Shares of L Brands, the owner of Victoria's Secret and Bath & Body Works, rose nearly 11% in aftermarket trading Wednesday after the company reported it beat revenue and...Retailread more
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Shares of Chinese telecommunications heavyweight Huawei's suppliers took a hit on Thursday amid the ongoing fallout surrounding the Chinese telecommunications giant.Asia Marketsread more
Lawmakers, lobbyists and CEOs in the U.S. are looking to trying to pick out the best parts of the EU's privacy law called GDPR – and ditch what they see as the worst.Technologyread more
Soros@ (Changes source, adds details)
Dec 5 (Reuters) - Facebook Inc's board backed Chief Operating Officer Sheryl Sandberg's request to probe whether George Soros had shorted the company's stock after the billionaire investor called the social network a "menace to society."
"To be clear, Sandberg's question was entirely appropriate given her role as COO," Facebook's board said in a letter on Wednesday. "When a well-known and outspoken investor attacks your company publicly, it is fair and appropriate to do this level of diligence."
The letter was sent by Facebook's general counsel Colin Stretch to Patrick Gaspard, president of Soros's Open Society Foundations.
Sandberg was being truthful when she said she did not know that the social network hired a public-relations firm to explore Soros's criticisms of the company, according to the letter. (Reporting by Laharee Chatterjee in Bengaluru; Editing by Anil D'Silva)