Economic Indicators

Malaysia cuts interest rate for first time in 3 years

Malaysia's central bank has cut interest rates for the first time in nearly three years to help support growth and counter risks from a global slowdown, trade tensions and extended weakness in commodity prices.

BMW profit hit by anti-trust case, spending on technology

German automaker BMW says its profits fell 74 percent in the first quarter as earnings were hit by a 1.4 billion-euro ($1.6 billion) set-aside for an expected anti-trust penalty from the European Commission and by higher up-front costs for new technology and factories.

Asia stocks mostly higher after Trump trade threat

U.S. stocks fell sharply at the opening of trading Monday, following a sell-off in Europe and Asia, after President Donald Trump threatened to escalate a trade war between the world's two largest economies.

Business Highlights

___ US-China deal seems dim but possible as talks stay on track BEIJING (AP) — President Donald Trump's new threat to escalate tariffs on Chinese goods has clouded prospects for a trade agreement, though preparations by Beijing's envoys to still visit the United States this week are buoying hopes for some breakthrough to end the trade war between the world's two largest economies.

A grim preview of a trade war takes shape

U.S. companies that do a lot of business in China are getting hit hard in early trading after President Donald Trump threatened more tariffs with trade talks between the world's two biggest economies faltering.

Buffett says trade war with China would be bad for world

Warren Buffett says it's hard to know how a trade war between China and the United States would affect the economy if President Donald Trump follows through on his latest tariff threat because so many other countries are affected.