Wall Street was set to open sharply lower on Monday after President Donald Trump in a surprising move threatened to hike tariffs on Chinese goods this week, reigniting fears of a global slowdown and shattering a period of relative calm in markets.
U.S. President Donald Trump on Monday slammed China over its trade practices, saying the United States was losing billions to Beijing and vowing to protect American commerce as tension escalated following his weekend threat to hike tariffs.
Warren Buffett said on Monday that a trade war between the United States and China would be “bad for the whole world.”
Volkswagen has approached several companies to gauge their appetite for buying MAN Energy Solutions, a unit which makes large diesel engines used in ships and power generators, people close to the matter said.
Tyson Foods Inc beat analysts’ estimates for quarterly sales on Monday, powered by higher beef sales.
Warren Buffett said on Monday that a trade war between the United States and China would be “bad for the whole world.”
U.S. President Donald Trump on Monday slammed China on trade, saying the United States was losing billions to Beijing and vowing to protect American commerce.
Kraft Heinz Co will restate financial reports for certain periods to fix errors that resulted from lapses in its procurement practices by some employees, the packaged food company said in a filing on Monday.
Kraft Heinz Co will restate its financial statements for the years 2016 and 2017 to fix accounting errors that resulted from misconduct of several employees of the packaged food company’s procurement area, the company revealed in a filing on Monday.
U.S. stock index futures plunged on Monday after President Donald Trump shocked investors by threatening to hike tariffs on $200 billion worth of Chinese goods, raising fears of a global slowdown and halting a relative period of calm in the markets.
Former bosses at leading French telecoms group Orange were due to go on trial on Monday over a series of suicides at the company in the late 2000s – a traumatic episode that shocked the nation and raised questions over corporate culture.
German carmaker Volkswagen will join forces with China’s NIU to produce battery-powered kick scooters, German newspaper Die Welt reported on Monday without giving sources.
China said on Monday that a delegation is still preparing to go to the United States for trade talks, after U.S. President Donald Trump dramatically increased pressure on Beijing to reach a deal, saying he would hike tariffs on Chinese goods this week.
U.S. President Donald Trump’s fresh threats of tariff hikes on Chinese imports this week marked a new escalation in the trade dispute between the world’s top two economies and a reversal of months of apparent progress in negotiations.
European stocks tumbled to a one-month low and German bond yields slipped back into negative territory on Monday after U.S. President Donald Trump threatened to raise tariffs on China, triggering a global rout in risky assets.
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