(Reuters) – US homebuilder confidence boosted for a third straight month in August to hit its highest level ever, as record-low interest rates boost the buyer’s sales, data released Monday in the latest indication show that the housing market is a rare bright spot in the economic crisis triggered by …
Read More »Oracle goes into race to buy TikTok’s US operations: FT
FILE PHOTO: The Oracle logo is displayed in an office building in Irvine, California, USA June 28, 2018. REUTERS / Mike Blake (Reuters) – Oracle Corp. has held preliminary talks with TikTok’s Chinese owner, ByteDance, and has seriously considered buying the app’s operations in the United States, Canada, Australia and …
Read More »Canada refuses to release emails with US over arrest of Huawei exec
VANCOUVER (Reuters) – Canada has released as much information as it can legally about the arrest of Huawei Chief Financial Officer Meng Wanzhou, government lawyers said on Monday as they sought more confidential documents about their 2018 detention. PHILO PHOTO: Huawei Technologies Chief Financial Officer Meng Wanzhou leaves her home …
Read More »Chinese companies flood into US IPOs despite writing off threat
HONG KONG (Reuters) – The US government is threatening to remove Chinese companies that do not meet US accounting standards, but mainland companies are rushing to offer their shares on New York exchanges, sometimes in blockbuster deals. FILE PHOTO: The 11 Wall St. door of the New York Stock Exchange …
Read More »In China, fears of financial Iron Curtain as US tensions grow
SHANGHAI / BEIJING (Reuters) – A sharp escalation of tensions with the United States has raised fears in China of a deepening financial war that could result in the closure of the world dollar system – a devastating prospect once considered far-fetched but now impossible . FILE PHOTO: Chinese yuan …
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