Month: July 2018

The German government denied on Friday that Chancellor Angela Merkel had asked a top banking executive about his views on troubled lender Deutsche Bank.

…read more […]

U.S. President Donald Trump’s threat to block Chinese investment in U.S. companies could be trouble for a number of American automotive and technology companies using Chinese funds to develop electric and self-driving cars and related services, from Tesla Inc to dozens of Silicon Valley startups.

…read more […]

Volkswagen has lost a legal challenge to prevent prosecutors from examining unpublished documents about its emission scandal, with Germany’s top court ruling on Friday that files seized from a U.S. law firm may be reviewed.

…read more […]

The United States and China slapped tit-for-tat duties on $34 billion worth of the other’s imports on Friday, with Beijing accusing Washington of triggering the “largest-scale trade war” ever in a sharp escalation of their months-long conflict.

…read more […]

No one will gain from a trade war, Chinese Premier Li Keqiang said on Friday, speaking hours after the United States and China slapped tit-for-tat duties on $34 billion worth of the other’s imports.

…read more […]

Shares in Germany’s troubled Deutsche Bank jumped by up to 6 percent on Friday following a magazine report that JPMorgan and Industrial and Commercial Bank of China (ICBC) may be interested in taking a stake.

…read more […]

Oil slipped toward $77 a barrel on Friday, under pressure from higher Saudi production and trade tensions between the United States and China, although oil supply disruptions lent support.

…read more […]

Switzerland’s second-biggest bank Credit Suisse has carved out a new role to lead its handling of sexual harassment claims and examine group-wide policies, its CEO told employees on Friday.

…read more […]

U.S. satellite group EchoStar urged Britain’s Inmarsat to open talks about a takeover approach worth $3.2 billion to shareholders just hours before a deadline for the American company to make a firm offer was due to expire.

…read more […]

Washington imposed tariffs on $34 billion of Chinese imports on Friday and Beijing has said it will retaliate with punitive measures on U.S. products worth a similar amount, including soybeans, pork and cotton.

…read more […]

At an abandoned train station in Buenos Aires’ working-class suburb of San Miguel, hundreds of Argentines gather with bags of clothes, rice, flour and sugar to trade.

…read more […]

Growing up in Germany, Mark Schneider was pushed to become fluent in English by his father, who believed it would give him an edge.

…read more […]

The dollar fell on Friday as U.S. tariffs on Chinese imports took effect, but a muted reaction in currency markets suggested the escalation had largely been priced in by investors focusing on a U.S. jobs report due later in the day.

…read more […]

The imposition of tariffs by the United States and China on billions of dollars of trade was absorbed calmly by markets on Friday with stocks edging higher and the euro climbing a three-week peak, but concerns about the conflict escalating capped gains.

…read more […]

U.S. tariffs on $34 billion in Chinese imports took effect as a deadline passed on Friday, with Beijing saying it had no choice but to respond in kind, as the two trading giants escalated a bitter row.

…read more […]