China's surplus with the United States hit a record last month, data showed Friday, adding to brewing tensions between the economic superpowers as they stand on the brink of an all-out trade war that Beijing warned would have a "negative impact" globally.

India's capital market regulator has proposed amendments to tighten laws governing auditors and other third-party individuals hired by listed companies for auditing financial results, among other things.

The US tax cuts will boost business and consumer spending this year, offsetting the hit to individual wallets from rising fuel prices, the Federal Reserve said Friday.

India's trade deficit widened to its highest in more than five years in June, the trade ministry said on Friday, driven largely by a surge in oil prices and a weaker rupee.

JPMorgan Chase & Co's quarterly profit topped Wall Street's expectations on Friday, as trading revenue came in much higher than expected and demand for loans increased on the back of a strengthening US economy.

The European Union's top officials will meet the leaders of China and Japan next week to boost ties in the face of fears that US President Donald Trump will spark an all-out global trade war.

Chinese growth slowed only slightly in the second quarter as the impact of the deepening trade conflict with the United States was yet to kick in, according to analysts surveyed by AFP.

The US House Judiciary Committee will hold a hearing on Tuesday to take testimony from Facebook Inc, Alphabet Inc's YouTube unit and Twitter Inc on whether social media companies are filtering content for political reasons, the committee chairman said.

Chinese firms FAW Group, Dongfeng Automobile and Chongqing Changan Automobile have set up a venture to establish a ride-sharing platform, Changan said on Saturday, creating the kind of service pioneered by Uber.

A Dutch court Friday ended a long-running saga over the 2008 dismantling of the Fortis bank insurance group, approving a record 1.3 billion euros ($1.5 billion) settlement deal for out-of-pocket shareholders.

Johnson & Johnson has vowed to appeal a $4.7 billion verdict awarded to 22 women who claim asbestos-contaminated talc in the

A US hedge fund is demanding almost $800 million from South Korea at an international tribunal over the controversial merger of two units of the giant Samsung conglomerate, officials said Friday.

China's fiscal policy has “ample room” to support the economy, the central bank's chief researcher said in an opinion column on Friday, adding that the policy has not been active enough.

The US Department of Commerce on Friday lifted a ban on US companies selling goods to ZTE Corp, allowing China's second-largest telecommunications equipment maker to resume business.

Turkey's embattled lira slumped almost five percent to new record lows in value against the US dollar on Wednesday after concern over President Recep Tayyip Erdogan's new cabinet and his latest comments on interest rates.

The Bank of Canada on Wednesday hiked its benchmark interest rate to 1.5 percent, the first increase since mid-January, as the Group

China on Thursday said foreign firms operating in China would suffer in a trade war, urging US companies to lobby their government to protect their interests, and said no talks to end the impasse were currently under way.

India's fuel demand rose 8.7 percent in June compared with the same month last year.

Shares in Chinese telecoms equipment maker ZTE surged more than 25 percent in Hong Kong on Thursday after the company moved a step closer to having a painful US purchase ban lifted.

Long accused of protectionist tactics that make it a difficult place for foreign firms to operate, China is trying to reverse that narrative amid an escalating trade war with the United States, green-lighting huge investments and portraying itself as a champion of openness.