Asian shares tumbled on Tuesday after U.S. President Donald Trump stunned markets with tariffs against imports from Brazil and Argentina, recharging fears about global trade tensions, while weak U.S. factory data added to the investor gloom.
Potential jurors in the defamation trial of high-tech entrepreneur Elon Musk may be excused from the case if they voice strong feelings about billionaires or people who visit Thailand. Jury selection was set to begin on Tuesday in the civil suit brought against the Tesla Inc chief executive by a British cave explorer who gained fame for his leading role in the rescue of 12 boys and their soccer coach from a flooded cave in Thailand last year. The explorer, Vernon Unsworth, says the billionaire, who also founded private rocket company SpaceX, falsely labeled him “pedo guy” on …read more […]
The U.S. Trade Representative’s office on Monday said it saw no basis in Monday’s World Trade Organization report that would justify reducing U.S. retaliatory tariffs by $2 billion as Europe’s Airbus has suggested.
(Bloomberg) — Treasury 10-year yields may slide to a record low 1.2% by the end of next year as the U.S. enters a recession, according to Societe Generale SA.Benchmark 10-year Treasuries will probably rally as the Federal Reserve cuts interest rates by a full percentage point in the first half of 2020 to spur inflation, strategists including Subadra Rajappa wrote in a note.“The market is pricing in a Fed hold, but 10 years into this expansion, we see the Fed leaning toward a more accommodative stance,” the analysts wrote. “We expect a steady decline in Treasury yields in 2020.”Treasuries have …read more […]
Huawei Technologies Co Ltd plans to shift its research center to Canada from the United States, Ren Zhengfei, the founder of the Chinese telecoms equipment maker, said in an interview with Canada’s Globe and Mail.
The chief executive officer of OxyContin-maker Purdue Pharma LP should not collect a potential $1.3 million bonus when he has been accused of contributing to the opioid epidemic, a group of state attorneys general said in a court filing on Monday.
Oil prices rose for a second day on Tuesday as Saudi Arabia, the de facto OPEC leader and the world’s biggest oil exporter, is pushing producers to deepen a supply cut agreement when suppliers meet this week, potentially lowering supply in 2020.
At Insider Monkey, we pore over the filings of nearly 750 top investment firms every quarter, a process we have now completed for the latest reporting period. The data we’ve gathered as a result gives us access to a wealth of collective knowledge based on these firms’ portfolio holdings as of September 30. In this […] …read more […]
Asian shares skidded on Tuesday after U.S. President Donald Trump stunned markets with tariffs against Brazil and Argentina, recharging fears about global trade tensions, while weak U.S. factory data added to the investor gloom.
Asian shares skidded on Tuesday after U.S. President Donald Trump stunned markets with tariffs against Brazil and Argentina, recharging fears about global trade tensions, while weak U.S. factory data added to the investor gloom. Contrary to his remarks, both Brazil and Argentina have been trying to strengthen their respective currencies against the dollar. …read more […]
Asian shares skidded on Tuesday after U.S. President Donald Trump stunned markets with tariffs against Brazil and Argentina, recharging fears about global trade tensions, while weak U.S. factory data added to the investor gloom. Contrary to his remarks, both Brazil and Argentina have been trying to strengthen their respective currencies against the dollar. …read more […]
The U.S. Trade Representative’s office on Monday said it saw no basis in Monday’s World Trade Organization report that would justify reducing U.S. retaliatory tariffs by $2 billion as Europe’s Airbus has suggested. “Nothing in today’s report even suggests that the (WTO) compliance panel found that the amount has decreased,” said a USTR spokesman. USTR earlier said it could increase tariffs on a wider range of European goods after the WTO rejected European Union claims that it no longer provides subsidies to Airbus. …read more […]
The U.S. government on Monday said it may slap punitive duties of up to 100% on $2.4 billion in imports of French Champagne, handbags, cheese and other products, after concluding that France’s new digital services tax would harm U.S. tech companies.
Asian shares skidded on Tuesday after U.S. President Donald Trump stunned markets with tariffs against Brazil and Argentina, recharging fears about global trade tensions, while weak U.S. factory data added to the investor gloom. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.45% in early trade, with Australian shares dropping nearly 2%, on track for their worst day in two months. …read more […]
China is building more coal-fired power plants and approving dozens of new mines, despite assurances from the world’s biggest greenhouse gas emitter that it was serious about fighting climate change. China’s 2021-2030 policy plans are under close scrutiny as the United Nations climate change conference gets under way in Madrid, especially after a new UN report said the world needs to cut carbon dioxide by 7.6% a year over the decade in order to limit temperature rises. “We continue to work hard to advance the fight against climate change, but on the other hand, we are indeed facing …read more […]
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