Wall Street retreats amid trade tensions

US stocks have dropped as signs of deteriorating trade relations between the United States and China added to economic worries due to the coronavirus pandemic. US President Donald Trump’s administration moved to block semiconductor shipments to Huawei...

Eni ‘picks Citi’ to sell Aussie gas assets

Italian energy group Eni is working with investment bank Citi to sell natural gas assets in Australia that could fetch up to $US1 billion ($A1.6 billion), sources say. The sale, which is expected to be launched next week in a two-round process, could result in Eni all...

Virgin Australia expected to get 8 offers

Virgin Australia Holdings Ltd is expected to receive as many as eight non-binding indicative offers from potential buyers, which will be whittled down over the next few days to a shortlist of around three, its administrators said. The country’s second-biggest...

Asia shares struggle amid US-China strains

Asian stocks have struggled to extend gains and were on course to end the week lower as deteriorating US-China relations undercut optimism over the reopening of major economies. Worries about confrontations between the two largest economies in the world eclipsed...