Economists polled by Reuters had expected Chinese exports denominated in the U.S. dollar to fall by 3% and imports to decline by 5.2% in September, compared to a year ago.China Economyread more
The U.S. had plans to hike duties on at least $250 billion in Chinese goods to 30% from 25% on Tuesday. Despite the partial trade deal, some banks on Sunday wrote that tariff...Marketsread more
The industry has pulled in $322 billion over the past six months, the fastest pace since the second half of 2008.Marketsread more
A technical recession occurs when there are two consecutive quarters of economic contraction.Asia Economyread more
"Deepfakes" are being used to depict people in fake videos they did not actually appear in, and can potentially affect elections, diplomacy and how markets move, experts say.Technologyread more
A spokesperson for the U.S.-backed Syrian Democratic Forces (SDF) has issued a stark warning to the international community.World Newsread more
The potential deal would shift Neumann's already diminished voting power to the Japanese conglomerate, according to the Journal.Technologyread more
U.S. President Donald Trump said that both sides reached a "very substantial phase one deal" that will address intellectual property and financial services concerns and...Asia Marketsread more
On Friday, Zedd tweeted about the ban, and CNBC verified the claim with his publicist on Saturday.China Politicsread more
Hunter's vows to forgo any foreign work follow a slew of unsubstantiated attacks by President Donald Trump accusing him of corruption.Politicsread more
Apple, the company that created the modern-day smartphone, is relying on technology customers are already extremely familiar with, like cameras, and taking a backseat when it...Technologyread more
Nissan Motor will postpone talks with French partner Renault on deepening their alliance and instead focus on its own recovery, Chief Executive Hiroto Saikawa said on Tuesday, signaling no quick-fix for the strained automaking partnership.
Speaking at Nissan's annual general meeting in Yokohama, its first since the dramatic ouster of former Chairman Carlos Ghosn last year, Saikawa apologized for the fallout from that scandal.
Ghosn's departure has both rocked Nissan and complicated the outlook for its partnership with Renault SA.
Tuesday's meeting comes just days after the two partners resolved a highly publicised disagreement between Saikawa and Renault Chairman Jean-Dominique Senard over appointments to Nissan's newly created governance committees. But large questions remain about their ability to overcome the acrimony.
"Our priority is to recover our performance, which means postponing discussions on the future of the alliance," Saikawa told shareholders.
"It is critical to create opportunities in the future with Renault to discuss options for the alliance."
Shareholders at Japan's second-biggest automaker were due to vote on a new governance structure and 11-member board, after the arrest last year of Ghosn over financial misconduct allegations —which he denies — revealed auditing weaknesses at the company.
Renault, Nissan's biggest shareholder with 43.4% of the Japanese automaker, had demanded additional representation for its directors on Nissan groups overseeing company auditing and personnel nominations.
Saikawa had initially pushed back at those the demands, but late last week Nissan granted seats to Senard and Renault CEO Thierry Bollore on its nominations and auditing committees, respectively.
Although that maneuvring helped pull the Nissan-Renault alliance back from the brink of crisis — and may have saved Saikawa's job — the former Ghosn lieutenant is now faced with the unenviable task of trying to shore up a partnership that many in Japan see as lopsided and deeply inequitable.