Trade friction hits stocks, yuan slumps to lowest in over a decade

China let its yuan weaken below 7 to the dollar, an 11-year low, as the escalation in the US-China trade war shook currency markets.

Elon Musk to launch China unit for tunnelling company this month

Musk hoping to build underground transport tunnels for hyperloop transportation systems.

Trump’s tariff threat poses risks to ailing global economy

Just the fear of an escalation in the trade war is pushing investors to dump stocks and rush for the safety of US government securities.

US to impose 10 percent tariff on remaining China imports - Trump

The US President Donald Trump has already imposed 25% tariffs on $250 billion in Chinese products, and Beijing has retaliated by taxing $110 billion in US goods.

Japan votes to remove Seoul from favoured export partner list

In a reciprocal move, South Korea has decided to remove Japan from its "white list" of favoured export partners, after Japan initially decided to remove Seoul from their program.

Apple woos investors with China gain, market value nears $1 trillion

If the gains hold, Apple would be within touching distance of again topping $1 trillion in market value, just shy of the world’s most valuable company, Microsoft Corp.

Turkish Central Bank cuts year-end inflation forecast

The inflation rate will fluctuate between 11.5 percent and 16.3 percent through the end of this year, Central Bank Governor Murat Uysal said during Inflation Report 2019.

Asian stocks down as US-China trade talks get under way

Expectations for progress during the two-day meeting are low, so officials and businesses are hoping Washington and Beijing can at least detail commitments for "goodwill" gestures and clear the path for future negotiations.

Turkey to see lower interest rates – finance minister Albayrak

Finance and Treasury Minister Berat Albayrak says over $10 billion in foreign investments entered Turkey since May, and the Turkish economy will grow "positively this year."

US firms see little clarity on Huawei as US-China talks resume

Huawei was placed by Washington on a blacklist in mid-May that effectively blocks US firms from doing business with the Shenzhen-based firm.

Asia markets down as US-China trade talks loom

Rhetoric on both sides has hardened despite an agreement in June by Presidents Donald Trump and Xi Jinping to revive efforts at ending the costly fight over China's technology ambitions and trade surplus.

Apple buys Intel's smartphone modem division for $1 billion

The announcement of the agreement comes three months after Apple ended a long-running dispute with one of Intel's rivals, Qualcomm.