The US President Donald Trump administration is set to issue a two-week extension of a license allowing US companies to continue doing business with China’s Huawei Technologies Co. Ltd, two sources familiar with the deliberations said.
The Bank of Japan (BoJ) is expected to cut its inflation forecasts at next week’s rate review, sources say, a sign slumping oil prices and a darkening global economic outlook are heightening challenges for hitting its ambitious two percent target.
Chinese artificial intelligence provider Megvii Inc., commonly known as Face++, is targeting to raise $500 million in a new funding round that pegs the current valuation of the firm at $3.5 billion, people with knowledge of the matter said.
China’s Babytree Group, a parenting website operator, has priced its Hong Kong IPO at the bottom of a marketing range, people close to the deal said, reducing its valuation and implying a ‘down round’ for investor Alibaba Group Holding Ltd.
Apple signaled disappointing demand for the new iPhone XR, telling its top smartphone assemblers Foxconn and Pegatron to halt plans for additional production lines dedicated to the relatively cost-effective model that hit shelves in late October, sources said.
Tencent Music Entertainment has delayed its planned US initial public offering (IPO) until at least November as the owner of China’s most popular music apps prefers to wait for global stock markets to stabilize, three sources said.
US-China trade talks this week were heavy on details but short on progress as Washington’s negotiators outlined cases of American firms harmed by Chinese practices and China argued it was meeting its World Trade Organization (WTO) obligations, people familiar with contents of the discussions said.
The government of Peruvian President Martin Vizcarra is going to start barring Venezuelan migrants from entering the country unless they have passports, two government sources said on Thursday, following a similar decision in neighboring Ecuador.
Climate change is affecting wind energy’s potential to provide power, diminishing a renewable energy source that scientists and policymakers are counting on to replace fossil fuels, according to two scientific studies.