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
The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread 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
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread 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
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
BP reported first-quarter profit largely in line with expectations on Tuesday, citing tough market conditions at the start of the year.
The British oil giant posted first-quarter underlying replacement cost profit, used as a proxy for net profit, of $2.4 billion, versus $2.3 billion expected in a Reuters poll. That compared with a profit of $2.6 billion a year earlier and $3.5 billion in the final three months of 2018.
It marks the first significant setback in BP's steady recovery over the past 18 months.
"It was a pretty resilient set of results actually given the environment we came into at the start of the year," Brian Gilvary, chief financial officer at BP, told CNBC's "Squawk Box Europe" on Tuesday.
Gilvary said the three-month period through to March had been particularly "tough" because of adverse weather conditions, assets being put out of action and lower oil prices in January.
"I think oil prices look pretty firm given where we are today but we are going to continue to maintain capital discipline," he added.
Shares of BP rose almost 1% during morning deals.
Profits from refining and retail operations, known as downstream, tumbled by around 20% amid weaker margins and narrower discounts of heavy crude oil.
But, the London-based firm said this was partially offset by stronger results from its oil and gas trading operations.
The results coincided with a significant recovery in oil prices through the first three months of the year. International benchmark Brent crude and U.S. West Texas Intermediate (WTI) have risen by approximately 33% and 40% year-to-date.
The value of a barrel of Brent crude stood at $71.82 Tuesday morning, while WTI traded at $63.43.