Asia feels chill from Sino-U.S. tech cold war

Asia feels chill from Sino-U.S. tech cold war
SYDNEY (Reuters) – Asian shares were stuck in the red on Thursday amid worries the Sino-U.S. trade conflict was fast morphing into a technology cold war between the world’s two largest economies. FILE PHOTO: A man riding on a bicycle looks at an electronic board showing the Japan’s Nikkei average outside a brokerage in Tokyo February 24, 2015. REUTERS/Yuya Shino/File... Read More

Uber and Lyft to turn the wheels on car ownership: industry experts

Uber and Lyft to turn the wheels on car ownership: industry experts
TORONTO (Reuters) – Ride-hailing apps like those of Uber Technologies and Lyft Inc are expected to alter the state of car ownership towards subscription-based services and shared ownership, auto industry experts said at a conference on Wednesday. FILE PHOTO: The Logo of taxi company Uber is seen on the roof of a private hire taxi in Liverpool, Britain, April 15,... Read More

Oil drops more than 2% on U.S. inventories build, demand worries

Oil drops more than 2% on U.S. inventories build, demand worries
NEW YORK (Reuters) – Oil futures tumbled more than 2% on Wednesday as an unexpected build in U.S. crude stockpiles compounded investor worries that a prolonged trade fight between Washington and Beijing could dent crude demand. FILE PHOTO: An oil well pump jack is seen at an oil field supply yard near Denver, Colorado, U.S., February 2, 2015. REUTERS/Rick Wilking/File... Read More

Oil sheds more than $1/bbl as U.S. inventories grow, demand worries flare

Oil sheds more than $1/bbl as U.S. inventories grow, demand worries flare
NEW YORK (Reuters) – Oil futures sank on Wednesday as an unexpected build in U.S. crude stockpiles compounded investor worries that a prolonged trade war between Washington and Beijing could dent crude demand. FILE PHOTO: An oil well pump jack is seen at an oil field supply yard near Denver, Colorado, U.S., February 2, 2015. REUTERS/Rick Wilking/File Photo Brent crude... Read More

Oil prices down on swelling U.S. stockpiles, demand concerns

Oil prices down on swelling U.S. stockpiles, demand concerns
LONDON (Reuters) – Oil prices fell on Wednesday after industry data showed an increase in U.S. crude inventories and on demand concerns linked to a protracted trade war between China and the United States. FILE PHOTO: An oil well pump jack is seen at an oil field supply yard near Denver, Colorado, U.S., February 2, 2015. REUTERS/Rick Wilking/File Photo However,... Read More

Investors run for safety amid threat of broader U.S.-China spat

Investors run for safety amid threat of broader U.S.-China spat
LONDON/TOKYO (Reuters) – Global stocks were slightly lower on Wednesday as investors sought safety in bonds, the Japanese yen and Swiss franc in muted trade amid renewed worries over the U.S.-China spat after reports Washington has another Chinese tech firm in its sights. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December... Read More

Asia stocks grapple with trade anxiety even as Huawei gets reprieve

Asia stocks grapple with trade anxiety even as Huawei gets reprieve
TOKYO (Reuters) – Asian stocks struggled for traction on Wednesday, as relief over Washington’s temporary relaxation of curbs against China’s Huawei Technologies failed to offset deeper worries about an intensifying trade war between the world’s two largest economies. FILE PHOTO: Pedestrians walk past a stock quotation board displaying stock prices outside a brokerage, in Tokyo June 14, 2013. REUTERS/Yuya Shino/File... Read More