United States



Trade war puts new strains on America Inc's factories in China

SHENZHEN, China/SHANGHAI/HONG KONG Larry Sloven arrived in southern China three decades ago, just as the region was taking off as the low-cost manufacturing center of the world. Since then, he has exported millions of dollars of goods, ranging from power tools to LED lights, to some of America's biggest retailers.

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Global luxury brands again chase China's young, rich and spendthrift

HONG KONG Global luxury brands from Prada to LVMH are investing in China for the first time since a crackdown on conspicuous spending five years ago, focusing on smaller, less developed cities even as the world's second-largest economy slows.

Aug 19 2018

Iran says no OPEC member can take over its share of oil exports

LONDON Iran told OPEC on Sunday no member country should be allowed to take over another member's share of oil exports, expressing Tehran's concern about Saudi Arabia's offer to pump more oil in the face of U.S. sanctions on Iranian oil sales.

Aug 19 2018

Foreign casino operators go all in as they vie for Osaka license

OSAKA In late July, a lavish fireworks display lit up Osaka's skies in the finale to one of Japan's most famous festivals, courtesy of a first-time sponsor: Macau casino operator Melco Resorts and Entertainment Ltd .

3:54am EDT

UK regulator fines KPMG for misconduct on Ted Baker audit

The UK's Financial Reporting Council has fined accountants KPMG three million pounds and reprimanded and fined senior partner Michael Francis Barradell for misconduct related to auditing of British fashion retailer Ted Baker's accounts.

2:42am EDT

Noble Group founder declines executive director role in restructured firm

SINGAPORE/BENGALURU Embattled commodity trader Noble Group Ltd said on Monday that its founder, Richard Elman, will not take up a previously announced position as an executive director in the restructured company, citing "personal reasons".

Aug 19 2018


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