China stands on the right side of history in defending multilateralism, its foreign ministry said on Wednesday, after U.S. President Donald Trump’s administration threatened 10 percent tariffs on $200 billion worth of Chinese imports.
Glencore Plc has established a board committee to oversee the mining company’s response to U.S. authorities’ demands for documents on its business in the Democratic Republic of Congo, Venezuela and Nigeria as part of a corruption probe.
Rupert Murdoch’s 21st Century Fox said it had agreed to buy Britain’s Sky in a deal valuing the pay-TV group at $32.5 billion, trumping a rival offer from U.S. group Comcast .
Oil prices fell on Wednesday, with Brent dropping by more than $1 at one point, after U.S. President Donald Trump threatened to levy new trade tariffs on China.
Japanese regulators on Wednesday said Apple Inc may have breached antitrust rules by forcing mobile service providers to sell its iPhones cheaply and charge higher monthly fees, denying consumers a fair choice.
Rupert Murdoch’s 21st Century Fox said it had agreed a deal to buy Britain’s Sky with an offer valuing the pay-TV group at $32.5 billion, trumping rival bidder Comcast .
The Trump administration raised the stakes in its trade dispute with China, threatening 10 percent tariffs on a list of $200 billion worth of Chinese imports, sending stocks lower and prompting Beijing to warn it would be forced to respond.
Shanghai will accelerate efforts to cancel restrictions on foreign investment in the auto manufacturing sector, a government official said on Wednesday, a day after Tesla said it would build a wholly owned auto plant in the city.
Indian airline Vistara on Wednesday said it had placed firm orders for 13 Airbus SE A320neos and six Boeing Co 787 jets valued at $3.1 billion at list prices.
Citigroup Inc will set up a China business desk in India within the year betting on a pickup in investment flows within the Asian region, its Asia-Pacific corporate banking head said, as concerns grow about the impact of a Sino-U.S. trade war.
The Trump administration raised the stakes in its trade dispute with China on Tuesday, saying it would slap 10 percent tariffs on an extra $200 billion worth of Chinese imports, including numerous consumer items, sending stocks in Asia skidding.
WASHINGTON/BEIJING (Reuters) – The Trump administration raised the stakes in its trade dispute with China on Tuesday, saying it would slap 10 percent tariffs on an extra $200 billion worth of Chinese imports, including numerous consumer items, sending stocks in Asia skidding. China’s commerce ministry said it was “shocked” by the latest U.S. trade action and would complain to the World Trade Organisation, but did not immediately say how it would retaliate. Beijing has said it would hit back against Washington’s escalating tariff measures, including through “qualitative measures,” a threat that U.S. businesses in China fear could mean …read more […]
JD.com Inc’s finance arm has raised at least 13 billion yuan ($1.96 billion) in fresh equity from Chinese investors, doubling its valuation ahead of an expected initial public offering, people with direct knowledge of the matter said.
The U.S. securities regulator has shelved a proposed Obama-era reform that would have given shareholders in companies more freedom to vote for their preferred candidates during contested board elections, people with direct knowledge of the matter told Reuters.
The Trump administration raised the stakes in its trade dispute with China on Tuesday, saying it would slap 10 percent tariffs on an extra $200 billion worth of Chinese imports, including numerous consumer items, sending stocks in Asia skidding.
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