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.
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.
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.
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.
Growing up in Germany, Mark Schneider was pushed to become fluent in English by his father, who believed it would give him an edge.
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.
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.
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.
China’s Foreign Ministry said on Friday that Beijing has already begun implementing tariffs on some U.S. goods in retaliation for U.S. duties on $34 billion in Chinese imports, which took effect the same day.
China’s retaliatory tariffs on $34 billion worth of U.S. goods took effect at 12:01 p.m. in Beijing (0401 GMT) on Friday, the official Xinhua news agency said, citing the customs office.
BEIJING/WASHINGTON (Reuters) – 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.
HONG KONG (Reuters) – China’s HNA Group said it has made co-founder Chen Feng its sole chairman after fellow chairman Wang Jian died this week, moving to calm concerns about leadership amidst the conglomerate’s efforts to slash its massive debt burden.
BEIJING (Reuters) – Ford Motor Co’s China vehicle sales slumped 38 percent in June from a year earlier to 62,057 vehicles, the company said on Friday.
SHANGHAI/TOKYO (Reuters) – Asian stocks bounced back from 9-month lows in volatile trade on Friday after Washington slapped tariffs on Chinese imports, a move many investors fear could be the start of a full-scale trade war between the world’s two largest economies.
LONDON (Reuters) – Airbus on Friday raised its forecast for aircraft demand over the next 20 years and shook up the way it predicts aircraft demand, introducing new categories from ‘Small’ to ‘Extra-Large’ and blurring the traditional boundaries between aircraft types.
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