U.S. stocks are set for a solid open Friday, with the Dow poised to snap its 8-day losing streak, but investors are starting to count the costs for the now-escalating trade war between Washington and its biggest economic allies.

Zhang Shidong in Shanghai shidong.zhang@scmp.com

Yuan has wiped off all gains against the US dollar this year, but the currency may bounce back after US dollar loses momentum from its recent rally

BP chief executive Bob Dudley says the global energy complex has little choice but to keep up with new oilfield investments to meet the world's growing needs

Here's what you need to know now for Thursday, June 21.

Beijing is shifting its policy focus from cutting overcapacity to upgrading the value chain with national grants and support to IP that protect Chinese corporate interests

No one at ZTE is allowed to interfere with the work of three-person team, tasked to implement terms of US settlement at Chinese telecom maker

Don't miss these important headlines on your lunch break.

The Federal Reserve's "stress tests" of big banks required them to maintain sufficient capital even after a nightmare economic scenario where stock prices fell by 65% and unemployment surged to 10%.

Saudi Arabia and Iran are in a power struggle that will come to a head Friday, June 22, in Vienna as OPEC debates whether to raise its current oil production, leaving U.S. producers at the mercy of the oil cartel's decision.