U.S. President Donald Trump on Tuesday dismissed concerns over a protracted trade war with China, as Beijing warned that Washington’s decision to label it a currency manipulator would lead to chaos in financial markets.
Daimler said on Tuesday Mercedes-Benz customers in Germany could apply for a 3,000 euro ($3,350) subsidy to upgrade the exhaust filters of older, polluting diesel vehicles, the latest effort among German carmakers to avoid inner-city bans.
Vivendi is in talks to sell up to 20% of Universal Music Group (UMG) to Tencent, valuing its prized asset at around 30 billion euros ($34 billion), as both firms look outside their core regions to expand in a recovering global music market.
Global stock markets rebounded Tuesday after China’s central bank fixed the yuan at a slightly stronger rate, soothing fears that a protracted trade war between the U.S. and China would spill over into a currency war as well.
Snap Inc on Tuesday said it will raise $1 billion in short-term debt and plans to invest in more media content, augmented reality features and may also buy other companies.
U.S. stocks bounced back on Tuesday, led by gains in technology shares, as China stepped in to stabilize the yuan, a day after Wall Street’s main indexes racked up their steepest one-day percentage fall of the year.
CBS Corp said on Tuesday it reached a multi-year agreement with Nexstar Media Group Inc to renew CBS network affiliations for Nexstar stations.
China has told India not to block its Huawei Technologies [HWT.UL] from doing business in the country, warning there could be consequences for Indian firms operating in China, sources with knowledge of the matter said.
Sprint Corp said on Tuesday it would launch a 5G smartphone made by OnePlus, becoming the second U.S. wireless carrier after T-Mobile to offer a cellphone made by the Chinese company.
U.S. stocks opened higher on Tuesday, with the battered technology stocks providing the biggest boost, as China stepped in to stabilize the yuan, a day after Wall Street’s main indexes racked up their steepest one-day percentage fall of the year.
U.S. President Donald Trump wants to continue trade talks with China and the Trump administration is still planning to host a Chinese delegation for further talks in September, a top White House adviser said on Tuesday.
U.S. President Donald Trump on Tuesday dismissed concerns over a protracted trade war with China, saying the United States was “in a very strong position,” a day after his administration ratcheted up tensions by labeling Beijing a currency manipulator.
Wall Street was set to bounce back on Tuesday, as China stepped in to steady the yuan and investors sought beaten-down technology stocks, a day after Wall Street’s main indexes racked up their steepest one-day percentage fall of the year.
An escalation in a trade conflict between the United States and China will further damage the global economy, German Finance Minister Olaf Scholz warned on Tuesday, urging all sides to negotiate.
Amazon.com Inc on Tuesday lowered the price of its paid music service to 99 cents per month from $4.99 for students with a Prime subscription.
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