The edict comes after Beijing ordered A-list movie star Fan Bingbing to pay about $129 million in taxes and fines, spurring widespread discussion on the moral health of China’s film industry.
Asian countries’ exports are potentially vulnerable to the U.S.-China trade war on two fronts: changes to global supply chains and slowing Chinese domestic demand.
Saudi Arabia, in a statement released by its embassy in Washington, said it had decided to request an end to U.S. aerial refueling for its operations in Yemen because it could now handle it by itself.
Goldman is undergoing scrutiny for its role in the 1MDB scandal. The bank raised $6.5 billion to supposedly attract foreign investment for Malaysia. Instead, a financier known as Jho Low is accused of stealing billions of dollars from the fund.
Facebook, Amazon, Apple, Netflix, Microsoft and Google parent company Alphabet collectively lost over $100 billion in market cap on Friday as tech stocks come off their worst month since the recession.
Linda McMahon is favored by President Trump to replace Ross, sources said. He is also considering Ray Washburne, president and CEO of Overseas Private Investment Corporation, according to one source.