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    China, locked in trade war with US, agrees to tackle India’s trade deficit

    Reuters . Mamallapuram, India | Updated at 12:00am on October 13, 2019

    Chinese president Xi Jinping and Indian prime minister Narendra Modi agreed at a summit on Saturday to set up a high-level group to tackle India’s galloping trade deficit with the...

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    Boeing board strips CEO of chairman title amid 737 MAX crisis

    Reuters | Updated at 12:00am on October 13, 2019

    Boeing Co’s board has stripped chief executive Dennis Muilenburg of his chairmanship title, in an unexpected strategy shift announced by the US plane maker on Friday, only hours after...

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    India’s industrial output shrinks at fastest rate in more than 6yrs

    Reuters . New Delhi | Updated at 12:00am on October 13, 2019

    India’s industrial output shrank at its fastest rate in more than six years in August, reflecting the impact of an economic slowdown that could prompt the central bank to cut its key policy rate for...

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    Oil producers, refiners face surging global freight rates after US sanctions

    Reuters . Houston/ New York/ London | Updated at 12:00am on October 13, 2019

    Rates to charter oil tankers from the Arab Gulf, United Kingdom and the US Gulf Coast to Asia surged to fresh highs on Friday as global oil traders grappled with a tanker shortage in the...

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    US farmers cheered by apparent trade truce, hope shipments to follow

    Reuters . Chicago | Updated at 12:00am on October 13, 2019

    US farmers cheered the Trump administration’s announcement of a potentially dramatic increase in US agricultural sales to China on Friday but warned they needed to see a follow-through...

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    Banks ramp up bets on Brexit deal

    Reuters . London | Updated at 12:00am on October 13, 2019

    Major investment banks said on Friday that they had become more optimistic on the prospects for a Brexit deal, following an upbeat meeting between British and Irish leaders that...

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    US regulators block Telegram from raising funds through cryptocurrency

    Agence France-Presse . New York, United States | Updated at 12:00am on October 13, 2019

    US securities regulators won an emergency court order Friday to block the messaging application Telegram Group from raising funds by selling unregistered cryptocurrency to...

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    Huawei’s side businesses keep it all in the family

    Reuters . Shenzhen, China | Updated at 12:00am on October 13, 2019

    On a hot summer morning at Huawei’s new European-themed campus outside of Shenzhen, a man resembling a younger version of company founder Ren Zhengfei was dressing down...

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    GM appeals directly to employees

    Reuters . Detroit/ Washington | Updated at 12:00am on October 13, 2019

    General Motors Co took the unusual step of appealing directly to its unionised employees in a blog post on Friday that laid out its latest offer aimed at ending a month-long strike, drawing an...

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    Major financial companies abandon Facebook’s Libra

    Reuters | Updated at 12:00am on October 13, 2019

    Facebook Inc’s ambitious efforts to establish a global digital currency called Libra suffered severe setbacks on Friday, as major payment companies including Mastercard and Visa Inc quit the...

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