The United States signed an agreement with ZTE Corp that paves the way for the Chinese tech company to resume operations after a nearly three-month old ban on doing business with American suppliers, the U.S. Commerce Department said on Wednesday.
Global benchmark Brent plummeted on Wednesday, dropping more than 5 percent a barrel as trade tensions escalated between the United States and China and expectations of growing supplies mounted on news that Libya would reopen ports.
Global markets are in turmoil as the Trump administration intensifies its trade war once again. The US administration late on Tuesday released a huge list of new tariffs on $200 billion worth of goods from China. Stocks in China and the rest of Asia tumbled overnight, spreading to Europe after markets opened. …read more […]
U.S. stocks fell on Wednesday and looked set to snap their four-day winning streak after Washington’s threat to impose tariffs on an additional $200 billion worth of Chinese goods raised fears of an escalating trade war.
China responded to Trump’s threats by accusing the United States of bullying and warned that it would hit back. “These companies have the most going on with China tariffs, so they would be the ones that get hurt the most,” said Mark Esposito, chief executive officer of Esposito Securities in Dallas. …read more […]
Pfizer Inc announced plans on Wednesday to reorganize into three units, separating its consumer healthcare business that the U.S. drugmaker has been trying to sell since last year.
Fast-food company Restaurant Brands International said on Wednesday it plans to open 1,500 outlets of its Canadian coffee-and-donut chain Tim Hortons in China over the next decade, capitalizing on a growing cafe culture in the world’s second-largest economy.
Don’t assume that waiting is better. There are lots of good reasons to aim for as early as you can. …read more […]
U.S. producer prices increased more than expected in June amid gains in the cost of services and motor vehicles, leading to the biggest annual increase in 6-1/2 years.
Supreme Court nominee Brett Kavanaugh’s history of dialing back the prerogatives of federal agencies could be a harbinger of a restrictive approach to class actions, some lawyers say. …read more […]
Airbus faces a logjam of undelivered A330 jets worth well over $1 billion for airlines affiliated to China’s debt-laden HNA Group following a stand-off over late payments, according to industry sources and a Reuters examination of parked aircraft.
Oil futures plunged on Wednesday as the market remained fixed on supplies resuming from Libya and rising trade tensions between the U.S. and China.
** Shares of Papa John’s International Inc pizza chain down 3.5 pct to a more-than-two-year low on Wednesday a report that Chairman, founder and former CEO John Schnatter used a racial slur on a conference call
Morgan Stanley said Wednesday that Robert Perry, branch manager for the firm’s Beverly Hills, California, wealth management office, has left the firm.
By Hilary Russ NEW YORK (Reuters) – Stocks fell and metals prices slumped on Wednesday as U.S. threats of tariffs on an additional $200 billion worth of Chinese goods pushed the world’s two biggest economies … …read more […]
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