News

Stocks gain on signs of easing Sino-US trade tensions

SINGAPORE (Reuters) -Global stocks surged on Friday as signs of possible trade talks between the U.S. and China lifted risk sentiment after lacklustre earning results from tech bellwethers Apple and Amazon fuelled worries about the impact of a global trade war. China's commerce ministry said on Friday the United States has repeatedly expressed its willingness to negotiate on tariffs and that Beijing's door is open for talks, in a move that could ease trade tensions that have roiled global markets. The comments helped U.S. stock futures reverse course from earlier falls after Apple trimmed its share buyback program and warned tariffs could add about $900 million in costs this quarter.

Trump Moves to Cut Iran’s Oil Sales as Nuclear Talks Stall

(Bloomberg) -- President Donald Trump said he would impose secondary sanctions on nations or companies buying Iranian oil, ratcheting up pressure on Tehran as nuclear talks with the US hit a snag. Most Read from BloombergNJ Transit Urges Commuters to Work Remotely If Union StrikesNYC Lost $9 Billion of Income to Miami, Palm Beach in Five YearsNew York City Transit System Chips Away at Subway Fare EvasionNYC’s MTA to Cut Costs Instead of Borrowing More to Fund UpgradesNYC’s Congestion Toll Raised