Of all the cases of economic espionage charged by the DOJ's National Security Division since 2012, more than 80% of them implicated China.World Politicsread more
"Whilst there is a big dispute at the moment, I think there's also potential for resolution," UBS chairman Axel Weber says of the U.S.-China trade negotiations.World Economyread more
Cryptocurrency fans will hope the futures contracts, which are federally regulated, can provide some much-needed legitimacy to bitcoin.Cryptocurrencyread more
Despite mixed fan and critic reactions to the final season of "Game of Thrones," the eight-season epic took home the top prize in the drama category at the Emmy Awards on...Entertainmentread more
There are alternative financial centers and investors can turn to Singapore, Tokyo or Shanghai if Hong Kong doesn't "shape up," says the founder and chairman of Citic Capital.Asia Economyread more
The Kingdom and oil and gas industry have been slow to shore up defenses, raising red flags about the possibility of longer term fall-out in the region.Technologyread more
Tensions between South Korea and Japan may ultimately disrupt the high-end tech sectors, says Heenam Choi, CEO at South Korea's sovereign wealth fund.Traderead more
On Sunday, the 71st Primetime Emmy Awards honored the best comedies, dramas, limited and variety series from the last year.Entertainmentread more
U.S. President Donald Trump's national security advisor said on Sunday that White House Asia policy adviser Matt Pottinger would become his top deputy.Politicsread more
Removing Neumann is a difficult decision for Son, who has long believed in WeWork and Neumann's vision to quickly expand the company.Technologyread more
Datadog went public on Thursday and instantly hit a $10 billion valuation, becoming the fourth cloud software debut to reach that level this year.Technologyread more
* Canadian dollar rises 0.1% against the greenback
* Loonie touches its strongest since May 22 at 1.3415
* Price of U.S. oil falls 0.7%
* Canadian bond prices fall across the yield curve
TORONTO, June 4 (Reuters) - The Canadian dollar strengthened to its highest level in nearly two weeks against its U.S. counterpart on Tuesday as speculation that the Federal Reserve would soon cut interest rates weighed on the greenback.
At 10:03 a.m. (1403 GMT), the Canadian dollar was
trading 0.1% higher at 1.3422 to the greenback, or 74.50 U.S. cents. The currency touched its strongest level since May 22 at 1.3415.
The U.S. dollar touched its lowest level since
mid-April before turning higher against a basket of major currencies. The Federal Reserve will respond "as appropriate" to the risks posed by a global trade war and other recent developments, Fed Chairman Jerome Powell said on Tuesday in remarks that seemed to open the door to the possibility of a rate cut.
Mexican Foreign Minister Marcelo Ebrard said he expects to find mutual understanding at talks with U.S. officials over immigration amid a diplomatic push to head off a punitive tariff threatened by U.S. President Donald Trump. Mexico and Canada have said they would proceed with plans to ratify a new continental trade pact despite the threat of tariffs on Mexico. The price of oil, one of Canada's major exports, fell to its lowest since January on signs that an economic slowdown is starting to dent energy demand and as Russia's top oil producer said it opposed extending joint cuts with OPEC until the end of
the year. U.S. crude oil futures were down 0.7% at $52.87
a barrel. Canadian government bond prices were lower across the yield curve in sympathy with U.S. Treasuries. The two-year fell 5 Canadian cents to yield 1.386% and the 10-year declined 33 Canadian cents to yield 1.453%. On Monday, the 10-year yield hit its lowest since June 2017 at 1.419%. Canada's trade data for April is due on Thursday and the May jobs report is due on Friday.
(Reporting by Fergal Smith Editing by Bill Trott)