Business

US, China talks focus on cutting trade gap

By The Frontier Post | May 19, 2018

WASHINGTON/BEIJING (Reuters): China is “meeting many” Trump administration demands to cut its trade surplus with the United States, but a definitive deal to resolve deep trade differences could take a while to develop, White House economic adviser Larry Kudlow said on Friday. “China has come to trade,” Kudlow told reporters at the White House as […]

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Wall Street posts weekly loss as banks, chipmakers weigh

By The Frontier Post | May 19, 2018

NEW YORK (Reuters): The S&P 500 ended lower on Friday after a choppy trading session as bank and chipmaker stocks weighed on the index and investors grappled with U.S.-China trade talks. All three major U.S. stock indexes posted a weekly loss as the markets reacted to reports from the U.S.-China trade summit, rising U.S. government […]

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Cambridge Analytica starts bankruptcy proceedings in US

By The Frontier Post | May 19, 2018

LONDON (BBC): Cambridge Analytica has filed for bankruptcy in the US. The consultancy was at the centre of the Facebook data-sharing scandal in which it was accused of improperly obtaining information on users. The bankruptcy proceedings are part of the process of closing down the company and its UK parent, SCL Elections, that started in […]

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