Fresh U.S.-China tariff war volleys pressured Asian shares on Tuesday, but comments from U.S. President Donald Trump that he expects trade negotiations to be successful aided sentiment.
Walmart Inc is stepping up its battle with Amazon.com Inc by offering one-day delivery without a shipping fee, weeks after Amazon announced a similar offer – a move that will intensify the race to deliver orders to shoppers faster.
China on Monday raised tariffs on $60 billion of U.S. goods in retaliation for President Donald Trump’s decision to increase tariffs on $200 billion worth of Chinese imports last week, escalating the trade war between the world’s two largest economies.
China and the United States both have the “ability and wisdom” to reach a trade deal that is good for both, the Chinese government’s top diplomat said, as U.S. President Donald Trump said he thought recent talks in Beijing would be successful.
PG&E Corp on Monday submitted a proposed order to a U.S. District Court judge that would require the power provider’s chief executive and board to visit the California town of Paradise by July 15, to see the destruction caused by a wildfire in November that may be linked to the company’s equipment.
Asian shares deepened losses on Tuesday amid a fresh deterioration in the Sino-U.S. tariff war, although comments from U.S. President Donald Trump that he expected trade negotiations to be successful helped stabilize sentiment.
Tokyo prosecutors on Tuesday filed a request to revise the content of its indictment of Carlos Ghosn for aggravated breach of trust, providing further details on alleged cash transfers they say the former Nissan Motor Co Ltd boss made to a Saudi friend, Kyodo news reported.
Japanese Finance Minister Taro Aso said on Tuesday the Sino-U.S. trade war would not immediately trigger an economic shock on the scale of the “Lehman shock”, though the friction between the world’s two largest economies is unlikely to be resolved easily.
President Donald Trump said on Monday he was optimistic about resolving the U.S. trade dispute with China.
Shares in Asia extended losses on Tuesday following sharp falls on Wall Street overnight, the yen strengthened and U.S. Treasury yields ticked lower as the trade war between China and the United States escalated.
Vodafone Group Plc on Monday agreed to sell its New Zealand business for NZ$3.4 billion ($2.23 billion) to a consortium comprising of New Zealand-based Infratil Ltd and Canada’s Brookfield Asset Management, in a deal the telecom giant says would help reduce its debt.
Europe’s listed companies are expected to generate 1.2 trillion euros (£1.04 trillion) in revenue from the United States this year, highlighting what’s at stake as global trade tensions grow and earnings and economic growth stall.
U.S. President Donald Trump said on Monday he would meet Chinese President Xi Jinping next month as the trade war between the world’s two largest economies intensified, sending shivers through global markets.
A list of products subject to possible U.S. tariffs on about $300 billion of Chinese imports will include cellphones and laptop computers but not pharmaceuticals and rare earth materials, the U.S. Trade Representative’s Office said on Monday.
President Donald Trump said on Monday that his administration was planning to provide about $15 billion in aid to help U.S. farmers whose products may be targeted with tariffs by China in a deepening trade war.
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