Business > Technology

Wall St. opens higher led by tech stocks

3 monthes ago   |   By

U.S. stocks opened higher on Tuesday, led by technology stocks, as upbeat earnings from blue-chip companies helped ease jitters over the impact of an ongoing U.S.-China trade war and other global issues on corporate profits.
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Wall St. set to rebound on strong results from UnitedHealth, Goldman

3 monthes ago   |   By

Wall Street was set to recover on Tuesday as upbeat earnings reports from blue-chip companies helped ease jitters over the impact of an ongoing U.S.-China trade war and other global issues on corporate profits.
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Travelex Pay's new gift card service lets WeChat users from China shop in the U.S

Travelex Pay's new gift card service lets WeChat users from China shop in the U.S

3 monthes ago   |   By

London-based Travelex today announced a new partnership with gift card startup Swych that will allow Chinese consumers on the WeChat platform to make purchases from retailers in the U.S. The new service is called “Travelex Pay,” and will exist within the WeChat app, which has 800 million users. Until now, the ability of WeChat users to...
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A third of Japan Inc hurt by U.S.-China trade war - Reuters poll

3 monthes ago   |   By

A Reuters poll has found the number of Japanese companies affected by the U.S.-Sino trade war has jumped to a third, soaring from just 3 percent in May with firms fretting about prospects for their exports from China as well as slower Chinese demand. Michelle Hennessy reports.
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Global economy: China factory gate prices, Germany's ZEW point to trade gloom

3 monthes ago   |   By

China's factory-gate inflation cooled for a third straight month amid ebbing domestic demand, pointing to more pressure on the world's second biggest economy as it remains locked in an intensifying trade war with the US. As David Pollard reports, new data also shows Germany's economic outlook is being clouded by the dispute.
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How Trump's Trade War Is Driving China Nuts

3 monthes ago   |   By

TOKYO-Five years ago, China's Xi Jinping rocked the Communist Party establishment by pledging to let markets play a “decisive role” in decision making. Reformists rejoiced as President Xi signaled a revival of Deng Xiaoping's pro-capitalism revolution. Things haven't gone as planned. First, Xi slow-walked steps to reduce China's reliance on runaway credit, debt and an antiquated state sector. He prioritized short-term growth over long-term upgrades. And then Donald Trump came along to imperil both objectives. Initially, Xi's government figured the president was bluffing. Beijing's...
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Standard Chartered sees increased China-Africa trade due to U.S. trade war

3 monthes ago   |   By

China is likely to boost imports from African countries as it seeks new sources of commodities in the wake of a trade war with the United States, a senior executive of Standard Chartered Bank in China said.
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The Biggest Losers In a U.S.-China Trade War

3 monthes ago   |   By

Will a trade war crush the Chinese economy? Unlikely, said a panel of experts speaking at the Fortune Global Forum in Toronto on Monday.
"The US-China conflict-it's not a positive, it's not something that is going to help growth but neither is it going to necessarily impact the overall macro economy," said Jonathan Woetzel, a senior partner at McKinsey and director of the consulting firm's McKinsey Global Institute.
He explained that much of the trade war's impact falls on global corporation that do manufacturing there-accounting for 40-50% of Chinese exports, and 70-80% of exports from...
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