newszine

China welcomes US-Russia talks on arms control but sees no reason to participate in negotiations

1 hour ago DieselGasoil Comments Off on China welcomes US-Russia talks on arms control but sees no reason to participate in negotiations
Beijing will not discuss a nuclear weapons treaty but welcomes arms control talks between the US and Russia, China’s Foreign Ministry said, pouring cold water on Donald Trump’s claim that Beijing was open to negotiations. Washington hopes to begin drafting a nuclear weapons treaty with Moscow at a meeting in Geneva on Wednesday. China, however, Read More

Why did Huawei become ‘the whipping boy’ in US-China trade war? RT’s Boom Bust explains

2 hours ago DieselGasoil Comments Off on Why did Huawei become ‘the whipping boy’ in US-China trade war? RT’s Boom Bust explains
The trade spat between the world’s two biggest economies is taking its toll on tech companies in China and Huawei is the prime example. RT’s Boom Bust discusses the telecom giant’s fate as the US-China conflict simmers on. The recent decision to allow American businesses to deal with Huawei after a nearly two-month ban might Read More

JPMorgan profit beats estimates on strength in consumer banking

3 hours ago DieselGasoil Comments Off on JPMorgan profit beats estimates on strength in consumer banking
(Reuters) – JPMorgan Chase & Co (JPM.N) reported a better-than-expected quarterly profit on Tuesday as higher interest income and a modest increase in loans more than made up for lower activity at the bank’s trading desks. A sign of JP Morgan Chase Bank is seen in front of their headquarters tower in Manhattan, New York, Read More

China’s new Silk Road trade expands to over $600 billion in first half of 2019

3 hours ago DieselGasoil Comments Off on China’s new Silk Road trade expands to over $600 billion in first half of 2019
China’s trade with countries participating in its ambitious Belt and Road Initiative (BRI) has been expanding and reached 4.24 trillion yuan ($617.5 billion) in the first half of this year. Customs data showed trade with BRI countries for the period was up 9.7 percent year-on-year. It has outpaced the growth rate of China’s total trade, Read More

Investors trim cash, buy stocks on dovish Fed, trade truce: BAML poll

3 hours ago DieselGasoil Comments Off on Investors trim cash, buy stocks on dovish Fed, trade truce: BAML poll
LONDON (Reuters) – Fund managers have trimmed cash holdings and added risk to their portfolios following the U.S. Federal Reserve’s dovish pivot and after Beijing and Washington agreed a temporary truce to their protracted trade spat, a key investor survey showed on Tuesday. Bank of America Merrill Lynch’s latest monthly survey found cash levels down Read More

China says Trump ‘misleading’ people linking trade deal, slowing economy

6 hours ago DieselGasoil Comments Off on China says Trump ‘misleading’ people linking trade deal, slowing economy
BEIJING (Reuters) – China on Tuesday rebuffed a suggestion from U.S. President Donald Trump that Beijing needs a trade deal with the United States because its economy was slowing, saying this was “totally misleading” and that both countries wanted an agreement. FILE PHOTO: Flags of U.S. and China are displayed at American International Chamber of Read More

Asian shares creep higher as wary investors await U.S. data, earnings

7 hours ago DieselGasoil Comments Off on Asian shares creep higher as wary investors await U.S. data, earnings
SHANGHAI (Reuters) – Most Asian stock markets rose on Tuesday, but gains were limited as investors awaited U.S. retail sales data and corporate earnings to gauge the health of the world’s biggest economy ahead of a likely U.S. rate cut later this month. FILE PHOTO: The German share price index DAX graph is pictured at Read More

Tesla drops cheapest Model X, S variants, cuts prices to simplify lineup

9 hours ago DieselGasoil Comments Off on Tesla drops cheapest Model X, S variants, cuts prices to simplify lineup
BEIJING (Reuters) – Tesla Inc (TSLA.O) has dropped the standard-range variants of its Model X and Model S from its product lineup and adjusted prices across its range, in a sales push that comes days after the U.S. electric vehicle maker reported record deliveries. FILE PHOTO: A logo of Tesla Motors on an electric car Read More

Exclusive: Canada set to postpone Huawei 5G decision to after vote, given sour ties with China – sources

12 hours ago DieselGasoil Comments Off on Exclusive: Canada set to postpone Huawei 5G decision to after vote, given sour ties with China – sources
OTTAWA (Reuters) – Canada is likely to postpone a decision on whether to allow China’s Huawei Technologies Co Ltd to supply 5G network equipment until after the October federal election, given increasingly strained relations with Beijing, say three well-placed sources. FILE PHOTO: A Huawei signage is pictured at their store at Vina del Mar, Chile Read More

EV maker Tesla revamps prices in sales push

12 hours ago DieselGasoil Comments Off on EV maker Tesla revamps prices in sales push
FILE PHOTO: Tesla super chargers are shown in Mojave, California, U.S. July 10, 2019. REUTERS/Mike Blake/File Photo BEIJING (Reuters) – U.S. electric carmaker Tesla Inc (TSLA.O) said on Tuesday it will change prices of its Model 3, X and S vehicles. The starting price for the Model 3 will be $30,315, down from $32,225, that Read More