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U.S.-Japan trade deal versus TPP: where it falls short, where it exceeds
U.S. President Donald Trump on Monday called his new trade deal with Japan “a game changer for our farmers and our
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WeWork’s financing lifeline hinges on SoftBank talks
WeWork is locked in negotiations this week with its largest shareholder, Softbank Group Corp , over a new $1 billion investment to enable the shared office space company to go through a major restructuring, according to sources familiar with discussions.
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China Vice Premier Liu will travel to U.S. for trade talks on October 10-11
Chinese Vice Premier Liu He and top trade negotiator will be traveling to Washington for the next round of trade talks with the United States on Oct.10-11, China’s commerce ministry said on Tuesday.
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WeWork's financing lifeline hinges on SoftBank talks
WeWork is locked in negotiations this week with its largest shareholder, Softbank Group Corp, over a new $1 billion investment to enable the shared office space company to go through a major restructuring, according to sources familiar with discussions. If the talks are successful, WeWork, which had to abandon an initial public offering last week because of investor concerns about how it was valued and its business model, will seek to negotiate a $3 billion debt deal with JPMorgan Chase & Co , the sources said. WeWork and SoftBank did not immediately respond to requests to comment. …read more […]
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UPDATE 1-Samsung Elec says Q3 profit seen down 56%, beats expectations
South Korean tech giant Samsung Electronics on Tuesday reported its third-quarter operating profit likely tumbled 56%, hurt by a downturn in global memory chip prices but slightly better than analysts had anticipated. The world’s biggest semiconductor firm by revenue has struggled since late last year as a weak global economy and slower spending from data centre customers ended a two-year boom in the memory chip market where Samsung rakes in around two thirds of its entire profit. Operating profit for the July to September quarter was likely 7.7 trillion won ($6.44 billion), Samsung said, down from a record …read more […]
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Hopes for a deal dim as U.S.-China trade talks get underway in tense atmosphere
Prospects for progress in U.S.-China trade talks dimmed on Monday after Washington blacklisted Chinese companies over Beijing’s treatment of predominantly Muslim ethnic minorities, and President Donald Trump said a quick trade deal was unlikely.
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U.S. Blacklists Eight Chinese Tech Companies on Rights Violations
(Bloomberg) — Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. The Trump administration placed eight Chinese technology companies on a U.S. blacklist on Monday, accusing them of being implicated in human rights violations against Muslim minorities in China’s far-western province of Xinjiang.The companies include two video surveillance companies — Hangzhou Hikvision Digital Technology Co. and Zhejiang Dahua Technology Co. — that by some accounts control as much as a third of the global market for video surveillance and have cameras all over the world.The move, which was announced after U.S. …read more […]
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U.S.-Japan trade deal aims to put U.S. farmers on par with Trans-Pacific trade pact competitors
The new U.S.-Japan trade deal will provide staged reduction of Japanese tariffs for more than $2 billion worth of U.S. beef and pork, matching access now granted to the 11 Trans-Pacific Partnership trade pact countries, a text of the agreement shows.
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$10 Oil – How Far Could Oil Prices Fall If We See A 2009 Style Crash?
Trade disputes, demand destruction and continued oversupply not only suppress geopolitical risk in oil markets, they could actually lead to a sharp downturn in crude …read more […]
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Southwest pilots sue Boeing for misleading them on 737 MAX
The Southwest Airlines Pilots Association (SWAPA) said on Monday it had filed a lawsuit against Boeing Co alleging that the planemaker “deliberately misled” the airline and pilots about its 737 MAX aircraft.
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Kroger, Walgreens to stop sales of e-cigarettes amid U.S. vaping crackdown
Kroger Co and Walgreens Boots Alliance Inc said on Monday they would stop selling e-cigarettes at their stores, amid heightened regulatory scrutiny of the product and reports of lung disease and some deaths linked to vaping.
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Airbus sold 41 jets in September, targets record fourth-quarter deliveries
Airbus sold 41 jets in September and processed cancellations for nine jets including five originally sold to Norwegian Air , leaving the European firm ahead of Boeing Co in a relatively slow year for an industry distracted by safety and trade headlines.
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Boeing Sued by Southwest Pilots on ‘Rush’ to Sell Unsafe Max
(Bloomberg) — The union for Southwest Airlines Co. pilots sued Boeing Co., saying the manufacturer rushed output of the 737 Max jet to stay competitive, withholding key information about a feature that contributed to two fatal crashes within five months.“Boeing made a calculated decision to rush a re-engined aircraft to market to secure its single-aisle market share and prioritize its bottom line,” said the Southwest Airlines Pilots Association suit. The union said it’s seeking at least $115 million for damages sustained through the end of this year, primarily for lost pay and legal expenses.“Boeing abandoned sound design and engineering practices, …read more […]
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Southwest pilots sue Boeing over alleged lost wages from 737 MAX grounding
The Southwest Airlines Pilots Association (SWAPA) said on Monday it filed a lawsuit against Boeing Co alleging that the grounding of the planemaker’s 737 MAX aircraft had caused over $100 million in lost wages.
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Explainer: Disruptions in the global shipping industry
Oil shipping rates are soaring following a series of sanctions on a Chinese transportation giant and limitations placed on movement of Venezuelan crude oil tankers.