U.S. President Donald Trump has days to decide whether to impose tariffs on nearly $160 billion in Chinese consumer goods just weeks before Christmas, a move that could be unwelcome in both the United States and China.
After the initial euphoria had subsided, Mexican business leaders emerged bruised and resigned to a new stricter trade deal with the United States and Canada that could usher in more intrusive enforcement of labor rules in Mexico.
Saudi Aramco shares opened at 35.2 riyal ($9.39) on Wednesday, 10% above their IPO price of 32 riyals, in their first day of trading following a record initial public offering.
Whilst it may not be a huge deal, we thought it was good to see that the Cytosorbents Corporation (NASDAQ:CTSO) CEO… …read more […]
Oil prices fell on Wednesday after industry data showed an unexpected build in U.S. crude inventories and as investors waited for news on whether a fresh round of U.S. tariffs on Chinese goods would take effect on Sunday.
Global airlines reduced a forecast for industry-wide profits in 2019 under the weight of trade tensions, but predicted a modest recovery next year on the assumption that tariff wars will recede in the run-up to the U.S. presidential election.
The German government confirmed on Wednesday it was willing to repay customers of insolvent Thomas Cook as the tour operator’s insurance coverage was not sufficient.
Saudi Aramco shares surged the maximum permitted 10% above their initial public offering (IPO) price on their Riyadh stock market debut on Wednesday, closing in on the $2 trillion valuation long sought by Saudi Crown Prince Mohammed bin Salman.
European shares fell on Wednesday as the deadline approached for new U.S. tariffs on Chinese goods, while two major central banks held policy meetings.
(Bloomberg) — China’s Huawei Technologies Co. just won a major seal of approval from one of Germany’s biggest telecom companies.Telefonica SA’s German unit picked Huawei and Finland’s Nokia Oyj to supply its fifth-generation mobile phone network upgrade, the company said Wednesday.The announcement is a boon to Huawei after Deutsche Telekom AG said last week it has stopped ordering new 5G equipment because of political uncertainty over Chinese suppliers. Huawei has repeatedly denied allegations its equipment could be used for espionage.The German government is currently drawing up security guidelines for the country’s 5G network expansion, in a move that’s expected to …read more […]
Tesla plans to build 500,000 electric vehicles a year at its new factory on the outskirts of Berlin, Germany’s Bild newspaper reported on Wednesday. Last month, Tesla Chief Executive Elon Musk announced that a site in Gruenheide, Brandenburg, had been chosen to build Tesla Model 3 and Model Y vehicles. German newspaper Frankfurter Allgemeine Zeitung reported that Tesla will invest up to 4 billion euros in the plant. …read more […]
Porsche has taken down payments from 30,000 customers in Europe for its Taycan, the luxury car maker’s first fully electric model, CEO Oliver Blume told Germany’s Handelsblatt newspaper.
Thyssenkrupp’s elevator unit, which has been put up for sale by the ailing conglomerate, aims to improve its profitability through cost cuts, more efficient factories and a higher share of lucrative service contracts, it said on Wednesday.
Saudi Aramco shares were indicated at 35.2 riyal ($9.39) each in the pre-market auction on Wednesday, 10% above their IPO price of 32 riyals, Refintiv data shows.
Qantas Airways Ltd said on Wednesday it had taken four Boeing Co 737 freighter aircraft out of service while awaiting further advice from Israeli Aerospace Industries (IAI) about a potential defect with a part within the cabin. IAI had converted the four 737-300 planes from passenger jets to freighters for the Australian airline in 2006. Qantas operates the planes, which have an average age of 33 years, on domestic cargo routes. …read more […]
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