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Asian shares fall as Sino-U.S. trade spat intensifies

TOKYO Asian shares retreated on Monday after U.S. President Donald Trump cranked up trade tensions with China by going ahead with tariffs on Chinese imports, prompting Beijing to immediately respond in kind.

Recent Business News

Apple, Qualcomm battle over possible ban on some U.S. iPhone imports

The staff of the U.S. International Trade Commission on Friday recommended that a trade judge find that Apple Inc infringed at least one of Qualcomm Inc's patents, a move that could lead to blocking the import of some iPhones.

Jun 15 2018

GE should be fined if French job pledges not met: France

PARIS U.S. company General Electric should be fined if it does not create as many jobs at Alstom as agreed when it purchased its energy subsidiary in 2015, a French government spokesman said on Sunday.

8:30am EDT

Foxconn announces North American headquarters in Wisconsin

SHANGHAI Taiwanese electronics manufacturer Foxconn said it would establish its North American corporate headquarters in Milwaukee, Wisconsin, following the purchase of a building in the city's downtown area.

Jun 16 2018

Theranos founder Holmes, former president indicted for fraud

Theranos Inc founder Elizabeth Holmes and the embattled blood-testing company's former president were indicted on charges that they engaged in schemes to defraud investors, doctors and patients, the U.S. Justice Department announced on Friday. | Video

Jun 16 2018

The bigger Cryptocurrencies get, the worse they perform: BIS

LONDON Cryptocurrencies are not scalable and are more likely to suffer a breakdown in trust and efficiency the greater the number of people using them, the Bank of International Settlements (BIS)said on Sunday in its latest warning about the rise of virtual currencies.

6:41pm EDT

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