Business News
Explainer: Who pays Trump’s tariffs, China or U.S. customers and companies?
U.S. President Donald Trump says China pays the tariffs he has imposed on $250 billion of Chinese exports to the United States.
Year: 2019
Business News
Explainer: U.S. dependence on China’s rare earth: Trade war vulnerability
Rare earth elements are used in a wide range of consumer products, from iPhones to electric car motors, as well as military jet engines, satellites and lasers.
Business News
U.S. trade chief says meeting with Chinese negotiator to precede G20 summit
The top U.S. trade negotiator said on Wednesday it is in the interests of China and the United States to have a successful trade pact and he expects to meet with a senior Chinese official ahead of next week’s G20 summit in Japan where President Donald Trump and Chinese President Xi Jinping are set to confer.
Business News
Sullenberger tells Congress 737 MAX pilots should get new simulator training
Chesley “Sully” Sullenberger, who in 2009 landed a U.S. Airways flight safely on the Hudson River in New York, told a congressional panel on Wednesday that pilots of the now-grounded 737 MAX should get new simulator training before the plane returns to service.
Business News
Airbus fights back with big name buyers after Boeing showstopper
Airbus sealed plane deals with industry heavyweights Bill Franke and American Airlines on Wednesday, bouncing back from the potential loss of a major customer a day earlier when IAG placed a lifeline order for Boeing’s grounded 737 MAX jet.
Business News
Explainer: U.S.-China trade war – the levers they can pull
The trade war between the United States and China has gone beyond tariffs as the countries increase pressure on each other to cede ground.
Business News
Explainer: Will China dump U.S. bonds as a trade weapon? Not so fast
The trade war between Beijing and Washington has stoked concern in financial markets that China might opt to weaponize its holdings of more than $1.1 trillion worth of U.S. Treasuries in retaliation for the tariffs the Trump administration has imposed on Chinese imports.
Business News
Wall St. pauses with Fed meeting in focus
Wall Street’s main indexes were flat on Wednesday, as investors refrained from taking positions ahead of the Federal Reserve’s policy statement that is expected to open the door to future interest rate cuts.
Business News
Factbox: Winners and losers in Trump’s trade war with China
U.S. companies in everything from computer chips to tractors have said President Donald Trump’s trade wars, including disputes with Beijing and global steel tariffs, have had an impact on them.
Business News
Factbox: U.S. companies warn on Trump’s tariffs
A host of U.S. consumer companies have warned that costs related to tariffs on goods imported from China will hit their profits.
Business News
Wall St. opens slightly higher ahead of Fed’s statement
U.S. stocks eked out gains at open on Wednesday ahead of the Federal Reserve’s policy statement that is expected to open the door to future interest rate cuts.
Business News
Adidas loses EU bid to extend three-stripe trademark
Adidas has failed in an attempt to broaden trademark protection for its three-stripes symbol in the European Union as rivals seek to muscle into the market for striped shoes and clothing.
Business News
Wall Street set for subdued open ahead of Fed statement
U.S. stock index futures pointed to a flat opening for Wall Street’s main indexes on Wednesday, as investors refrained from taking positions ahead of the Federal Reserve’s policy statement that is expected to open the door to future interest rate cuts.
Business News
Factbox: Airbus and Boeing aircraft deals at Paris Airshow
Following is a summary of commercial aircraft deals announced by Airbus and Boeing at the Paris Airshow.
Business News
China’s Geely picks Swedish software firm for driverless cars
China’s Geely has chosen Zenuity, a joint venture between its Volvo car marque and Swedish technology group Veoneer, as its preferred supplier for assisted and self driving software.