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
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
Megvii is known for its facial recognition technology and while revenue grew over 350% in 2018, its losses have widened.Technologyread more
Stocks in Asia fell Monday afternoon following an escalation in the U.S.-China trade war late last week.Asia Marketsread more
OSLO, July 31 (Reuters) - Swedish oil firm Lundin Petroleum reported a smaller than expected drop in quarterly core earnings on Wednesday, and cut its capital spending guidance after reducing its stake in Norway's giant Johan Sverdrup field.
Earnings before interest, tax, depreciation and amortisation (EBITDA) fell to $412 million in the second quarter from $512 million a year earlier, beating the mean estimate of $399 million in a Refinitiv poll.
The company cut its 2019 capital expenditure to $785 million from $930 million after agreeing to sell a 2.6% stake in Johan Sverdrup to operator Equinor for $910 million on July 7.
Lundin increased its 2019 exploration budget to $325 million from $300 million previously, it added. (Reporting by Nerijus Adomaitis, editing by Terje Solsvik)