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
May 16 (Reuters) - Hewlett Packard Enterprise Co is in advanced discussions to buy Cray Inc, a supercomputer manufacturer, Bloomberg reported on Thursday, citing people with knowledge of the matter.
A deal could be announced as soon as this week, Bloomberg said https://www.bloomberg.com/news/articles/2019-05-17/hp-enterprise-said-to-near-de a l - t o - b u y - s u p e r c o m p u t e r - m a k e r - c r a y - j v r f i u 7 9 , adding that no final agreements have been reached and it could still be delayed.
While an HPE spokeswoman declined to comment, Cray was not immediately available for comment after U.S. market hours.
Shares in Cray are up about 38% this year and closed at $29.81 on Thursday, giving the Seattle-based company a $1.23 billion valuation.
HPE, formed in 2015 from the breakup of Hewlett-Packard Co, is scheduled to report its second-quarter earnings on next Thursday. (Reporting by Sabahatjahan Contractor in Bengaluru; editing by Rashmi Aich)