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U.N. members sign mediation convention to settle trade disputes

Members of the United Nations on Wednesday signed the Singapore Convention on Mediation, an agreement it hopes will make it easier to settle cross-border commercial disputes and stabilise trade relationships.



3 years ago

Investors can hide out in domestic stocks from the China trade war

As the U.S.-China trade war continues to heat up, investors might want to hide in companies with 100% domestic sales, Goldman says.

3 years ago

This will be Wall Street's new obsession as the trade war intensifies

Traders will take their cues from China's central bank and where it sets the midpoint for the yuan as U.S.-China tensions increase.

3 years ago

Asia stocks hit six-month low as investors flee to safety, yuan slumps

Asian shares suffered their steepest daily drop in nine months on Monday, as Sino-U.S. trade friction sent the yuan slumping to a more than decade trough and stampeded investors into safe harbors including the yen, bonds and gold.



3 years ago

Subaru first-quarter profit climbs 48% on strong U.S. SUV sales

Subaru Corp reported a 48% increase in first-quarter operating profit on Monday as global sales grew, led by demand for the Ascent and Forester SUVs in the United States.



3 years ago

HSBC CEO Flint leaves abruptly after only 18 months in role

HSBC announced the shock departure of Chief Executive Officer John Flint after just 18 months in the role, saying the bank needed a change at the top to address "a challenging global environment".



3 years ago

Elliott urges Scout24 to sell car listings arm, increase buyback

U.S. activist investor Elliott urged German classifieds group Scout24 on Monday to sell its car listings division and ramp up a share buyback program to boost returns to investors.



3 years ago

Murdoch's Fox Corp to buy fintech Credible Labs in $397 million deal

U.S. broadcaster Fox Corp on Monday agreed to buy Credible Labs Inc in a deal valuing the online finance broker at $397 million, as the Murdoch-controlled firm hunts for growth following the sale of its film and TV assets to Disney.



3 years ago

Asia stocks at six-month lows, yuan slumps as investors flee to safety

Asian shares suffered their steepest daily drop in 10 months on Monday, as Sino-U.S. trade friction sent the yuan slumping to a more than decade trough and stampeded investors into safe harbors including the yen, bonds and gold.



3 years ago

SoftBank Corp first-quarter profit climbs 4% as mobile user numbers grow

Japanese telco SoftBank Corp said on Monday its operating profit in the quarter ended June rose 4%, in line with estimates, as the number of mobile users grew.



3 years ago

KKR buyout at Axel Springer clears minimum acceptance threshold

KKR's offer to buy out minority shareholders in Axel Springer has cleared its minimum acceptance threshold of 20%, both firms said on Monday, bringing a plan to take the German publisher private closer to completion.



3 years ago

HSBC axes CEO Flint after only 18 months in role to speed up growth

HSBC ousted Chief Executive Officer John Flint after just 18 months in that role, in a surprise move that the lender's chairman said was necessary to accelerate progress of its strategic priorities.



3 years ago

Promotions and patriotism: 'Battle Mode' Huawei sees China smartphone sales surge

When 23-year-old Chinese student Aaron Huang started his hunt for an Android replacement for his Apple iPhone in April this year, it was clear which brand was trying hardest to win him over.



3 years ago

HSBC axes CEO Flint in shock shift to speed up strategy

HSBC ousted John Flint as chief executive after just 18 months in a shock move the chairman of Europe's biggest bank said was needed to speed up progress on priority areas such as the turnaround of its U.S. business.



3 years ago

Trade friction hits stocks, yuan slumps to lowest in over a decade

Global stocks fell for a sixth day on Monday as an escalation of trade tensions between the United States and China spooked markets and the yuan fell to its lowest levels in over a decade.



3 years ago