Bloomberg China’s top trade negotiator offered positive signals that talks with the US are making progress and both sides are working towards a partial trade deal. “China and the US have made substantial progress in many aspects, and laid an important foundation for a phase one agreement,” Vice Premier Liu He said at a technology conference in Nanchang, Jiangxi. He ...

Bloomberg Prime Minister Shinzo Abe’s cabinet approved draft legislation to impose tougher rules on overseas investments in the nation’s stock market, targeting foreign state-owned firms. The planned rules will require overseas investors to report in advance when they plan to buy more than 1% of shares in companies related to Japan’s national security, compared with the current 10% threshold, according ...

Bloomberg President Donald Trump pulled his Trump National Doral golf resort in Miami as the venue for the 2020 Group of Seven meeting after facing widespread criticism that he was using a major government event for personal gain. The search will start for a new location, including the possibility of using Camp David, he said in a tweet. In earlier ...

Bloomberg Chilean President Sebastian Pinera suspended a hike in subway fares in a bid to defuse the tension that sparked violent protests in South America’s wealthiest nation. “I have humbly listened the voice of my compatriots and I will not be afraid to continue listening to that voice,” Pinera said. The protests, essentially against income inequality, prompted the government to ...

Bloomberg Sanofi is voluntarily recalling heartburn medication Zantac in the US and Canada amid worries that the medicine may be tainted with a compound that could cause cancer. The French pharma company’s announcement follows decisions from major drugstore operators in the US, including Walgreens Boots Alliance Inc and Walmart Inc, to pull the medication from store shelves. In addition, manufacturers ...

Bloomberg Johnson & Johnson is recalling one lot of its Johnson’s Baby Powder after tiny amounts of asbestos contamination were found in samples from a single bottle purchased online. J&J is voluntarily recalling the lot, #22318RB, which consists of 33,000 bottles, and is encouraging people who bought the product to discontinue use. The company said that it is working with ...

Bloomberg Brexit won’t have a big impact on the European or global economies, former Bank of England governor Mervyn King said, offering a counterpoint to persistent concerns by global policy makers that the move could further dent already-weakening growth. “I don’t honestly believe that Brexit has any great significance even for the rest of Europe, let alone the rest of ...

Bloomberg Lebanon is headed for a showdown after the government suffered its first resignations, as the country enters its fourth day of demonstrations in the largest such unrest in years. Four ministers from a major Christian party, the Lebanese Forces, stood down as Prime Minister Saad Hariri said he was working around the clock to come up with a plan ...

Bloomberg India and Pakistan blamed each other for violation of a ceasefire agreement in the disputed area of Kashmir, after cross-border shelling killed people on both sides, in signs of escalating tensions between the two nuclear-armed neighbours. Indian army’s spokesman said two of its soldiers and a civilian were killed, while Pakistan said four of its people, including a soldier, ...

Bloomberg Canadian Prime Minister Justin Trudeau’s Liberal Party edged ahead with a two-point lead over its Conservative rival, within the margin of error, according to the latest poll conducted days before Monday’s election. A survey by Nanos Research found 32.6% of respondents favored the Liberals as their top choice versus 30.3% favouring the Conservative Party led by Andrew Scheer. The ...