PALO ALTO, U.S. -- Parcel delivery company FedEx reported on Tuesday a net loss of $1.97 billion for the March-May quarter, as the U.S. company's international business slumped, most notably in the Asia-Pacific region amid trade tensions that continue to weigh on the Chinese economy.
China has been key to FedEx's regional growth but the U.S.-China trade spat is making markets nervous about the company's prospects.
