This was supposed to be the China-New Zealand Year of Tourism, but the celebration appears to be off. An influential Chinese state-owned newspaper reported that Chinese tourists were having second thoughts about traveling to New Zealand thanks to suggestions that its government might bar Huawei Technologies Co. from the country’s next-generation wireless networks. A senior official at China CYTS Tours ...

Stop worrying about China’s ban on Australian coal. A Reuters report that the northern port of Dalian had banned imports from China’s biggest supplier of the black stuff sent ripples through global markets, driving the Australian dollar down as much as 1.3 percent after a whipsawing day of trade. London-listed shares in Glencore Plc, Anglo American Plc and BHP Group ...

The smartphone with a foldable screen, which Samsung will start shipping at the end of April, is far more than an expensive gimmick. With the release of the $1,980 Galaxy Fold, Samsung Electronics Co. Ltd challenges Apple’s claim to premium pricing and unleashes, in what looked like a mature market, the same kind of race that Apple Inc. started with ...

Bloomberg US equity futures advanced alongside stocks in Europe and Asia after President Donald Trump postponed the date for boosting tariffs on Chinese imports, taken as a sign of progress in the trade talks. Bonds fell and the dollar retreated. Contracts on the Dow, Nasdaq and S&P all climbed, while the trade headlines boosted carmakers in Europe, fueling an advance ...

Bloomberg A surge in equities is blunting the attraction of China’s world-leading bond rally, prompting analysts to recommend clients pile into stocks rather than debt. News that the US will extend a tariff truce is likely to fuel that momentum. The rally since January 3 has added more than $1 trillion to the value of the country’s equities, while China’s ...

Bloomberg Two Federal Reserve officials highlighted the benefits of an approach to monetary policy called average inflation targeting, which would entail accepting overshoots of the central bank’s 2 percent price goal to make up for times when inflation was too low. San Francisco Fed President Mary Daly and John Williams, who preceded her in that role before shifting to run ...

Bloomberg Barclays Plc’s Jes Staley promised more buybacks and dividends to shareholders as the bank’s traders outperformed most of their Wall Street and European peers. Fourth-quarter income at the London-based firm’s markets unit fell 2.5 percent from a year earlier to 945 million pounds ($1.2 billion), a performance that beat many of the bank’s rivals. While the last quarter of ...

Bloomberg Standard Chartered Plc is booking a $900 million charge tied to regulatory probes in its fourth-quarter results, a move that will erode earnings as its top executive prepares to unveil a turnaround plan. The provision will cover the UK bank’s estimates for potential penalties from investigations over US sanctions violations, currency trading issues and financial-crime controls, the company said. ...

Bloomberg The Philippines central bank remains guarded on monetary policy and is keeping a hawkish bias, Deputy Governor Diwa Guinigundo said, indicating it’s not ready to cut interest rates just yet. “We are more on the hawkish side in the sense that we recognize the risks on the market,” he said in an interview with Bloomberg TV’s Nejra Cehic from ...

Bloomberg EY, the accounting firm engaged by Swedbank AB following a report that the lender was involved in money laundering, is being probed in Denmark over the Estonian dirty-money scandal surrounding Danske Bank A/S. The investigation of EY has been running since October, after Danske admitted that much of the $230 billion that flowed through a tiny Estonian branch between ...