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Asian shares fall on soft China data, trade war fears

SHANGHAI Asian shares fell on Monday as new data showed China's economy slowed slightly in the second quarter, compounded by fears of a full-scale Sino-U.S. trade war looming over markets.

Recent Business News

U.S. oil boom delivers surprise for traders - and it's costly

LONDON/NEW YORK The world's biggest oil traders are counting hefty losses after a surprise doubling in the price discount of U.S. light crude to benchmark Brent in just a month, as surging U.S production upends the market.

Jul 15 2018

Thyssen and Kone owners held merger talks on elevator ops: paper

FRANKFURT Large shareholders of Thyssenkrupp and Kone have held talks on a potential merger of the elevator businesses of the two companies, according to a German daily.

Jul 15 2018

Rolls-Royce plans for take-off in flying taxi market

FARNBOROUGH, England British jet engine maker Rolls-Royce has designed a propulsion system for a flying taxi and is starting a search for partners to help develop a project it hopes could take to the skies as soon as early next decade.

Brazil's Embraer sees demand for 10,550 smaller jets in next 20 years

Brazil's Embraer sees demand for 10,550 new aircraft with a capacity of up to 150 seats in the next 20 years, worth around $600 billion, the planemaker said on Sunday.

Jul 15 2018

Boeing concerned about tariff talk, but no business impact yet

LONDON Boeing Co is concerned about the impact of possible trade tariffs on the cost of running its supply chain, but has not yet seen any impact from U.S.-Chinese trade tensions on its business, Chief Executive Dennis Muilenburg said on Sunday.

Jul 15 2018

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