Asian shares closed in on their July peak on Tuesday on increasing signs the United States and China are inching closer to a truce in their trade war and on optimism the U.S. economy is well poised for solid, consumer-driven growth.
China is pushing U.S. President Donald Trump to remove more tariffs imposed in September ahead of the signing of the U.S.-China trade deal, Politico reported on Monday, citing three people familiar with internal discussions.
Trump administration officials are debating whether to remove some existing tariffs on Chinese goods as a concession to seal a partial deal, the Financial Times reported on Monday.
Oil prices slipped on Tuesday amid doubts over whether OPEC and other countries will continue to restrain output, edging lower after two days of gains on U.S. economic data and hopes for a Washington-Beijing trade deal.
Uber Technologies Inc on Monday posted a wider third-quarter loss as the company tries to outspend competitors through discounts and invests heavily in loss-making new business ventures, sending its shares down 5.5% in after-hours trading.
Asian shares approached their July peak on Tuesday on signs the United States and China are inching closer to a truce in their trade war and on optimism the U.S. economy is poised for solid, consumer-driven growth.
China is pushing U.S. President Donald Trump to remove more tariffs imposed in September as part of a "phase one" U.S.-China trade deal, people familiar with the negotiations said on Monday.
Oil prices steadied on Tuesday as investors kept an eye on U.S. inventory data due later, following two days of gains on positive economic data and hopes for a Washington-Beijing trade deal.
Southeast Asian leaders, worried by the U.S.-China trade war, pushed for a deal on what could be the world's largest trade bloc on Sunday as officials worked behind the scenes to try to salvage progress following new demands from India.
Saudi Aramco, the Saudi state oil giant, said it posted a net income of $68 billion during the nine-month period ending on September 30.
Aramco, as Saudi Arabian Oil Co is usually known, is set to add another superlative to the list: the world's most valuable listed company.
A deal that would transfer control of a natural gas pipeline between Israel and Egypt is expected to be closed in the next few days, the companies said on Sunday.
Saudi Aramco said it does not expect a recent attack on its oil plants to have a material impact on finances and operations as it launched an initial public offering (IPO) on Sunday by announcing its intent for a domestic flotation.
Instacart's "gig" workers on Sunday will target the grocery shopping and delivery firm with a three-day work action aimed at disrupting service and forcing executives to fix inequalities in pay structures that they say are getting worse every year.
Saudi Arabia's state oil company kicked off its initial public offering (IPO) on Sunday by announcing its intention to float on the Riyadh bourse.