The U.S. Commerce Department said on Monday it added six Chinese technology firms, one Pakistani firm and five based in the United Arab Emirates to its list of entities that are banned from exporting sensitive U.S. technologies and other goods.
Uber Technologies Inc shares were set to fall another 7% on Monday, doubling losses since its poorly-received Wall Street debut on Friday and raising more questions about investors’ faith in its ability to make profits.
China said on Monday it would impose higher tariffs on a range of U.S. goods, striking back in its trade war with Washington shortly after U.S. President Donald Trump warned it not to retaliate.
Wall Street’s main indexes were set to drop nearly 2% on Monday after Beijing announced plans to retaliate with tariffs on U.S. goods, raising fears that another round of tit-for-tat measures could push the U.S. economy toward recession.
Bed Bath & Beyond Inc’s long-time Chief Executive Officer Steven Temares stepped down on Monday, following pressure from a group of activist investors that had been pushing for his ouster and a shakeup of the furnishing retailer’s board.
China plans to impose tariffs on $60 billion worth of U.S. goods, the finance ministry said on Monday, after the United States escalated a bitter trade war with a tariff hike on $200 billion of Chinese products.
Canada’s WestJet Airlines Ltd said on Monday it will be acquired by private equity firm Onex Corp in an all-cash deal for C$3.53 billion ($2.63 billion).
Bed Bath & Beyond Inc said on Monday Steven Temares has stepped down as chief executive officer, effective immediately.
U.S. stocks futures extended losses on Monday after China said it planned to set import tariffs against $60 billion worth of U.S. goods.
U.S. President Donald Trump on Monday warned Beijing not to retaliate in an escalating trade dispute after China said it “will never surrender to external pressure.”
Canada’s WestJet Airlines Ltd said on Monday it will be acquired by private equity firm Onex Corp in an all-cash deal valued at C$5 billion ($3.72 billion), including debt.
Global equities fell on Monday after their worst week of 2019 as hopes of an imminent U.S.-China trade deal were crushed, raising fears of a fresh round of tit-for-tat tariffs.
A French probe into alleged emissions cheating by Renault is a step closer to possible court action, Le Monde reported on Monday, after a technical report confirmed that some of its diesel engines were configured to emit more pollutants outside official test conditions.
U.S. stock index futures pointed to sharp declines at the open on Monday, as a standoff between the United States and China over their prolonged trade dispute heightened fears of a retaliatory war that could push the U.S. economy into recession.
U.S. President Donald Trump on Monday warned China not to retaliate against a hike in tariffs he imposed last week and said that the nation “will be hurt very badly if you don’t make a deal.”
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