China’s commerce ministry said on Wednesday it would take retaliatory measures if Washington went ahead with a plan to raise tariffs on Chinese imports on Friday.
U.S. President Donald Trump said on Wednesday he would be happy to keep tariffs on Chinese imports, prompting Beijing to threaten retaliation, as the world’s two largest economies prepared to resume talks to end a trade war that has roiled global supply chains and financial markets.
Daimler’s next chief executive will have a tough job to restore margins at Mercedes-Benz, current boss Dieter Zetsche told Reuters on Wednesday, as Mercedes-Benz launched a new luxury electric car to rival Tesla.
Adidas will extend its sponsorship of Spanish soccer side Real Madrid until 2028, the German sportswear firm said on Wednesday, as it battles fierce competition in Europe from Nike and a resurgent Puma.
Shareholders of JPMorgan Chase & Co were advised to vote against the bank’s executive compensation at its annual shareholder meeting by the proxy advisory group ISS, according to a report the firm published this week seen by Reuters.
Huawei Chief Financial Officer Meng Wanzhou arrived in a Canadian courtroom on Wednesday to begin what is expected to be a long legal battle against the United States’ request that she be extradited to face fraud charges.
General Electric Co Chief Executive Larry Culp said on Wednesday that the company will likely have weaker quarters for the rest of the year after a surprisingly good start in the first quarter.
A gauge of world equity markets rose and safe-haven bond prices fell on Wednesday after the White House said it had received an indication from China that it wanted to make a trade deal with the United States that had appeared on the brink of unraveling.
The United States will not grant any more waivers to any countries that would allow them to buy Iranian oil without facing U.S. sanctions, a senior U.S. diplomat said on Wednesday.
U.S. stocks flitted between gains and losses on Wednesday, as investors assessed the latest developments on trade, ahead of a crucial round of talks between the United States and China.
Under political pressure not to cut jobs, General Motors Co announced on Wednesday it would maintain some operations at a Canadian factory, and U.S. President Donald Trump touted the automaker’s expected sale of its Lordstown, Ohio, plant to an electric truck-building company.
U.S. President Donald Trump said Wednesday that General Motors Co will sell its Lordstown, Ohio plant to a company to build electric trucks and will invest $700 million in three other Ohio facilities.
General Electric Co Chief Executive Larry Culp said on Wednesday the company will likely have weaker quarters the rest of the year after a surprisingly good start in the first quarter.
U.S. stocks flitted between gains and losses on Wednesday, as investors digested a mixed flow of news on trade, ahead of a critical round of talks between the United States and China.
U.S. President Donald Trump said on Wednesday he would be happy to keep tariffs on Chinese imports in place, adding that China was mistaken if it hoped to delay a trade deal with the United States until a Democrat controlled the White House.
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