American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead 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
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
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
As demand for lab monkeys continues to rise, U.S. scientists are reporting delays in research projects because they can't obtain enough animals, according to the National...Politicsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
China said on Saturday it strongly opposes Washington's decision to levy additional tariffs on $550 billion worth of Chinese goods and warned the United States of consequences...Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread 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
Federal Reserve Vice Chair Richard Clarida said Friday that the global economy has deteriorated in the past month.Marketsread more
Cash-strapped Japan Display warned it cannot guarantee a return to profit this year as demand for smartphone screens stays weak, and turned in yet another quarterly loss, casting doubt over its proposed bailout deal with a Chinese-Taiwanese group.
The supplier for Apple also said it would slash about 1,000 jobs, or a tenth of its workforce, as it continues to bear the brunt of its late shift to organic light-emitting diode screens and disappointing sales of the iPhone XR, the only model with a liquid crystal display (LCD) screen.
Japan Display's net loss for the three months ended March was 98.6 billion yen, versus a 147 billion yen loss a year earlier, its ninth consecutive quarterly loss.
"We took some restructuring measures before, but they turned out to be not enough to offset a worse-than-expected drop in demand for smartphone (screens)," acting CEO Yoshiyuki Tsukizaki said at an earnings briefing on Wednesday.
"The tough environment in the smartphone segment is likely to continue through the first half," he said, adding the company cannot promise it will return to profit this year after five consecutive annual losses.
Japan Display's results will be closely watched by its Chinese-Taiwanese suitors, who delayed an up to 80 billion yen investment this week to reassess the company's prospects.
However, according to Japan Display CFO Takanobu Oshima, the screen maker is making steady progress in discussions with the buyer group.
The suitors "had conducted necessary due diligence and had no concerns about our financial conditions," he said at the briefing. "But the outlook of the business is changing and they want to review that."
The bailout deal would allow the buyers — including Taiwanese flat screen maker TPK Holding and Chinese investment firm Harvest Group — to become Japan Display's biggest shareholders with a 49.8 percent stake, replacing the Japanese government-backed INCJ fund.
Japan Display recorded a 75.2 billion yen write down in the quarter ended March on an LCD plant launched two years ago.
Apple had requested the plant and fronted most of its $1.5 billion construction costs, sources familiar with the matter have said. A Japan Display executive said last month the company still owes "its client" about 100 billion yen.