The European Union Commission is preparing to introduce tariffs on $20 billion of U.S. goods if Washington imposes trade levies on imports of cars, EU trade commissioner Cecilia Malmstrom told Swedish daily Dagens Nyheter on Wednesday.
A representative for Demi Lovato says she is awake and recovering with her family after the pop singer was reportedly hospitalized Tuesday for an overdose. “Demi is awake and with her family who want to express thanks to everyone for the love, prayers and support,” Lovato’s representative said in a statement Tuesday evening. The statement did not provide any details on what led to the singer’s hospitalization. …read more […]
The European Union’s budget commissioner, Guenther Oettinger, said on Wednesday the bloc could try to seek a wide reduction of tariffs in negotiations with the United States this year.
Deutsche Bank on Wednesday posted a 14 percent drop in net profit in the second quarter from a year earlier, as Germany’s largest bank restructures under new leadership.
Asian stocks rose modestly on Wednesday, supported by upbeat Wall Street earnings and hopes China’s government spending would boost growth but trade tensions remained in focus ahead of a meeting between the U.S. and European Commission presidents.
Tight checks by Chinese customs officials to halt the smuggling of scrap steel to Southeast Asia have forced some exporters to cancel or delay shipments, benefiting rivals like Russia that are prowling for market share amid a raging Sino-U.S. trade war.
Casino operator Crown Resorts Ltd’s dispute over a A$362 million ($270 million) tax bill is scheduled to be heard in an Australian court next month, legal filings show, after the tax office refused leniency.
South Korea’s LG Display Co Ltd , a key Apple supplier, slashed its investment plans by $2.7 billion to 2020 citing concern for the global smartphone market, as it posted a second consecutive quarterly loss.
Asian stocks were higher on Wednesday, supported by strong Wall Street earnings and hopes China’s government spending would boost growth but trade tensions remain in focus ahead of a meeting between the U.S. and European Commission presidents.
President Donald Trump on Tuesday criticized the Federal Communications Commission for not approving Sinclair Broadcast Group Inc’s $3.9 billion acquisition of Tribune Media , calling it “disgraceful” compared with the FCC’s approval several years ago of a deal involving the NBC television network.
A year on from Syngenta’s $43 billion purchase by ChemChina, the seed and chemical giant is leveraging its new status as a Chinese company to grow its tiny share of the highly fragmented China market.
U.S. President Donald Trump said on Tuesday it was “sad and unfair” that the U.S. Federal Communications Commission would not approve the Sinclair Broadcast Group Inc’s $3.9 billion acquisition of Tribune Media .
German utility E.ON will announce about 500 job losses next week in its British business, the Times reported on Wednesday, as the energy giant tries to cut costs before the British government imposes a price cap.
Asian stocks rode higher on Wednesday thanks to strong U.S. corporate earnings and hopes China will boost fiscal support for its economy, while long-term U.S. yields hovered near six-week highs on speculation the Bank of Japan could be less accommodative.
The Apple Inc (AAPL.O) supplier posted an operating loss of 228 billion won (153.72 million pounds), compared with an average forecast of a 247 billion won loss derived from a Thomson Reuters survey of 11 analysts. It was LG Display’s second consecutive quarterly loss amid an uncertain time for the global panel industry, with Chinese manufacturers ramping up capacity and a glut of LCD output crimping prices and profit margins. …read more […]
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