World equity benchmarks hit their lowest levels in a month Wednesday as signs of a slowdown in U.S. economic growth and weak earnings in Europe fanned fears that the U.S.-China trade war could push the global economy into a recession.
(Bloomberg) — Iran’s president gave an upbeat assessment of a European plan to ease the crisis over the 2015 nuclear deal that has threatened to tip the Gulf region into war.In a cabinet meeting on Wednesday, Hassan Rouhani said he found the main terms of a four-point proposal, spearheaded by his French counterpart Emmanuel Macron, to revive the embattled accord “acceptable.”The plan calls for Washington to remove sanctions on Iran, allowing the Islamic Republic to export its oil and collect the revenue, in return for an Iranian commitment not to pursue nuclear weapons and help ensure Gulf security, he said. …read more […]
Germany’s DIHK chambers of commerce on Wednesday urged the European Union to act strongly in order to protect their interests in a tariff row between the EU and the United States, reacting to the World Trade Organization’s (WTO) latest decision.
Britain said tariffs were in no-one’s interest and should not be applied to the UK after a ruling by the World Trade Organization on Wednesday that the United States could target $7.5 billion of imports from the European Union over illegal subsidies for planemaker Airbus.
Airbus shares reversed losses and drinks maker Pernod Ricard extended losses on Wednesday afternoon after Washington won approval to impose tariffs on $7.5 billion worth of European goods over illegal EU subsidies handed to Airbus.
A China-based website that allowed for manual installation of Google’s Android apps on Huawei’s newly launched Mate 30 devices went offline on Wednesday after a security researcher highlighted the “backdoor” to sidestep a U.S. ban.
France is ready to retaliate if the United States goes ahead with trade sanctions on EU imports, its finance minister said on Wednesday after Washington won WTO backing for the measures.
U.S. stocks fell more than 1% for the second straight session on Wednesday, hitting a fresh one-month low, as September’s weak private payrolls report added to concerns of a slowdown in the world’s largest economy.
The United States won approval on Wednesday to impose tariffs on$7.5 billion worth of European goods over illegal EU subsidies handed to Airbus, threatening to trigger a tit-for-tat transatlantic trade war as the global economy falters.
Ford Motor Co and Fiat Chrysler Automobiles NV on Wednesday reported higher pick-up truck sales for the third quarter in the United States, as lower interest rates helped boost demand in a market that has seen sales decline.
The European Commission said on Wednesday that a U.S. move to impose trade sanctions on EU imports would be short-sighted and counterproductive and risked causing damage on both sides of the Atlantic.
We can readily understand why investors are attracted to unprofitable companies. For example, biotech and mining… …read more […]
Wall Street’s main indexes hit fresh one-month lows at the open on Wednesday, extending losses from the previous session, as a contraction in domestic factory activity pointed to impact from a prolonged U.S.-China trade war.
The U.S. Federal Aviation Administration said Wednesday that aircraft operators must inspect 165 Boeing 737 NG airplanes for structural cracks within seven days after the issue was found on a small number of planes.
Ford Motor Co reported a 5% fall in U.S. auto sales for the third quarter, hurt by declining sales of its passenger cars including the Taurus sedan and Mustang sports car, as well as its Explorer sport utility vehicle.
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