Shares in Dutch digital mapping company TomTom lost over a quarter of their value on Tuesday, as carmakers Renault, Nissan and Mitshubishi announced a partnership with rival Google.
The company is expanding a test of a unique idea. …read more […]
Alibaba chairman Jack Ma said on Tuesday that trade frictions between the United States and China could last for two decades and would be “a mess” for all parties involved, citing weak trade rules.
China’s yuan currency inched lower on Tuesday after U.S. President Donald Trump said Washington will impose duties on an extra $200 billion worth of Chinese imports, drawing a sharp rebuke and warning from Beijing that it will be forced to retaliate. A rally in infrastructure stocks supported the broader market, with some investors betting that China will step up investment in roads and bridges to offset the impact of the latest tariff salvo from Trump, much of which has already been priced in by the markets. Trump on Monday imposed 10 percent tariffs on about $200 billion worth …read more […]
Discount supermarket chain Aldi Inc [ALDIEI.UL] said on Tuesday that it was expanding its Instacart grocery delivery tie-up to 35 U.S. states from four cities in time for the start of the all-important holiday spending season.
Buffett’s 2008 financial crisis investing strategy has paid off. …read more […]
Who’s afraid of the big bad trade war? Not world stock markets it seems.
BEIJING/WASHINGTON (Reuters) – China said on Tuesday that it has no choice but to retaliate against new U.S. trade tariffs, raising the risk that President Donald Trump could soon impose duties on virtually all of the Chinese goods that America buys. The commerce ministry’s statement came hours after Trump said he was imposing 10 percent tariffs on about $200 billion worth of imports from China, and threatened duties on about $267 billion more if China retaliated against the U.S. action. The brief statement gave no details on China’s plans, but foreign ministry spokesman Geng Shuang told a daily …read more […]
China said on Tuesday that it has no choice but to retaliate against new U.S. trade tariffs, raising the risk that President Donald Trump could soon impose duties on virtually all of the Chinese goods that America buys.
BEIJING/WASHINGTON (Reuters) – China said on Tuesday that it has no choice but to retaliate against new U.S. trade tariffs, raising the risk that President Donald Trump could soon impose duties on virtually all of the Chinese goods that America buys. The commerce ministry’s statement came hours after Trump said he was imposing 10 percent tariffs on about $200 billion worth of imports from China, and threatened duties on about $267 billion more if China retaliated against the U.S. action. Foreign Ministry spokesman Geng Shuang told a daily news briefing later that the U.S. steps had brought “new …read more […]
LOS ANGELES (AP) — After announcing that he’ll take the first-ever commercial rocket trip around the moon, Yusaku Maezawa said he wants company for the weeklong journey. The Japanese billionaire said he plans to invite six to eight artists, architects, designers and other creative people to join him on board the SpaceX rocket “to inspire the dreamer in all of us.” …read more […]
China’s foreign ministry said on Tuesday that talks on an equal footing are the only correct way to resolve trade issues with the United States, after U.S. President Donald Trump imposed 10 percent tariffs on about $200 billion worth of Chinese imports.
China said on Tuesday it has no choice but to retaliate against new U.S. trade tariffs, risking even stronger action from President Donald Trump in an escalation of the trade war between the world’s largest economies.
China has no choice but to retaliate against the latest U.S. tariffs and hopes the United States would correct its behavior, the commerce ministry said on Tuesday in a statement, without specifying what actions it will take.
Asian shares rebounded on Tuesday as Chinese markets proved resilient to a new round of tariffs from the United States although the mood was cautious as investors braced for a further escalation of tensions between the two giants.
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