apple takes yet another giant bite out of its competition, making a profit of over $11 billion in the third quarter of the year. up up and away, us shares hit a record high for a fifth day in a row. we tell you what s driving the astonishing growth. welcome to world business report. i m sally bundock. also in the programme: we ll be live in china for the latest on a possible trade war with the us. let s start with the world s most valuable company. apple has published its latest set of results and they show revenue growing to $16.1 billion for the three months tojuly. that combined with a prediction that it will bring in as much as $52 billion in the next quarter saw shares rise by up to 6% in after hours trade to hit a record high. apple made a pre tax profit of $11.3 billion in the three months from april to the end ofjune, a solid rise on the previous year. this year the iphone is ten years old, but it s not been performing so well in china, where sales this quarter were f
Hold talks with the united states to resolve their differences over trades of the weekend of course china s u.t. appointed finance minister want washington to rethink its trade policy and threatens to retaliate by hitting u.s. agricultural exports. according to the report the discussions will be led by china s economic czar leo her u.s. treasury secretary steve newton and u.s. trade representative robert blight hisor topics they ll cover include manufacturing and financial services u.s. president donald trump and recently announced cherubs of up to sixty billion dollars in chinese imports the chinese have said they won t be bullied. the mummy found baby misjudge the situation and underestimate china s determination and capacity for defending its legitimate interests underestimate the price the u.s. has to pay for its reckless behavior. u.s. business leaders in china are warning that a full scale trade war would not benefit either side. the response from our members
Investors nervous equity markets slowly but surely recovering and it looks like investors are hopeful that certainly a trade war between beijing and washington can be averted. yes exactly equity markets in europe are doing much stronger than expected the blue chip index next i guess you can see it in the background also recovering a plus at the moment of zero point eight per cent this is also happening after two major indices in asia went back into the winning zone as well this is now going to mean a long time recovery at the markets i personally don t think so the fear of a trade war is still there many experts are saying that tears on chinese goods could also hurt other asian countries as well so there s still lots of room lots of space for falling shares at the stock markets. the week is young in frankfurt thank you so much. meanwhile china s foreign ministry said that to beijing was willing to
Has been one have concern that these actions could lead to a trade war which is something that nobody wants to see at the same time it s important to recognize that there has been a growing sense of frustration within the business community about the lack of progress on market access openings in china s increasing use of industrial policies minu chin in light hisor sent to you a letter last week spelling out requests including greater u.s. access to the chinese financial sector and the reduction of chinese tariffs on u.s. vehicles it also requested china increase its u.s. semiconductor purchases minucci was reportedly also considering a trip to beijing to continue the talks. rice hating firm is selling its southeast asian business to a bigger regional rival grap mocking the u.s. companies second retreat from an asian market it s the industry s first big cold sunday sion in southeast asia home to about six hundred forty million people on the