Rout relents as China keeps yuan on leash
A rout in global markets moderated on Tuesday as China kept the yuan on a tight leash after its landmark drop past 7-per-dollar led the...
China says U.S. currency manipulator labeling could cause chaos in financial markets
China’s central bank said on Tuesday that Washington’s decision to label Beijing as a currency manipulator would “severely damage international financial order and cause chaos...
Goldman Sachs sees no trade deal before 2020 U.S. election, now expects three rate cuts
Goldman Sachs said it no longer expects the United States and China to agree on a deal to end their prolonged trade dispute before the...
Exclusive: India raises cost of refinery project with Aramco by 36% – sources
India has increased the cost estimate of a giant refinery and petrochemical project to be jointly built with Saudi Aramco and Abu Dhabi National Oil...
Luxury department store Barneys files for bankruptcy protection
U.S. luxury department store chain Barneys New York Inc filed for Chapter 11 bankruptcy on Tuesday and put itself up for sale after facing soaring...
Air China to suspend Beijing-Hawaii flights amid weak travel demand
Air China will suspend its flights on the Beijing-Hawaii route from Aug. 27 after a review of its network, China’s flagship carrier said on Tuesday,...
Vivendi in talks to sell 10% of Universal Music Group to Tencent
French media conglomerate Vivendi said it had started talks with Tencent Holdings to sell an initial 10% stake in its Universal Music Group (UMG) division....
Stocks rout deepens as U.S. sets crosshairs on yuan
Global stocks extended already substantial losses on Tuesday, after Washington tagged China a currency manipulator, shaking fragile investor sentiment in a rapid escalation of the...
China media says U.S. ‘destroying international order’, after currency-manipulator branding
China’s official Communist Party newspaper said on Tuesday that the United States was “deliberately destroying international order”, a day after Washington branded Beijing a currency...
Luxury department store Barneys files for bankruptcy: New York Times
U.S. luxury department store chain Barneys New York Inc filed for Chapter 11 bankruptcy protection to restructure its business and pursue a sale, the New...