The United States has received an indication from China that Beijing wants to make a trade deal, White House spokeswoman Sarah Sanders told reporters on Wednesday, after Washington announced it will raise tariffs on $200 billion worth of Chinese imports.
General Electric Co Chief Executive Larry Culp said on Wednesday the company will likely have weaker quarters in the rest of the year after a surprisingly “good start” in the first quarter.
General Motors and the largest union representing Canada’s auto workers have reached a deal to partly rescue an auto plant in Ontario slated to close this year by converting it to a parts-stamping facility, a source familiar with the matter said on Wednesday.
Wendy’s Co on Wednesday reported quarterly revenue and profit above estimates, as the burger chain was helped by higher royalty fees from franchisees and its new premium burgers that come with avocado and bacon.
General Electric Co Chief Executive Officer Larry Culp said on Wednesday there are likely to be weaker quarters in the rest of the year after a surprisingly “good start” in the first quarter.
U.S. stocks were nearly flat in choppy trading on Wednesday, ahead of a crucial round of trade talks that will be held against the backdrop of additional tariffs on Chinese goods due later this week.
Thomson Reuters Corp on Wednesday reported stronger-than-expected quarterly profit, boosted by strong demand for information it sells to legal professionals, and reaffirmed its forecast for the rest of this year and 2020.
The diplomatic cable from Beijing arrived in Washington late on Friday night, with systematic edits to a nearly 150-page draft trade agreement that would blow up months of negotiations between the world’s two largest economies, according to three U.S. government sources and three private sector sources briefed on the talks.
The United States will raise tariffs on $200 billion worth of Chinese imports to 25 percent from 10 percent effective on Friday, according to a notice posted to the Federal Register on Wednesday.
U.S. stocks opened lower for the third straight day on Wednesday, as worries persisted over the outcome of U.S.-China trade negotiations.
Australia’s anti-trust regulator blocked a A$15 billion ($11 billion) merger between TPG Telecom and Vodafone’s Australian joint venture on competition grounds on Wednesday, knocking shares in the firms involved.
U.S. President Donald Trump said on Wednesday he would be happy to keep tariffs on Chinese imports in place, adding that China is mistaken if it hopes to negotiate trade later with a Democratic presidential administration.
The United States will raise tariffs from 10 percent to 25 percent on $200 billion worth of Chinese imports effective Friday, according to a notice posted to the Federal Register on Wednesday.
Wall Street was set to extend a two-day losing streak on Wednesday, as investors fretted over the outcome of a crucial round of U.S.-China trade negotiations.
Sharp Corp will re-enter the U.S. TV market later this year, the Japanese electronics company said on Wednesday, adding it had effectively regained the license for its own TV brand sold to China’s Hisense Group four years ago.
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