Trading Ideas
ZTE clears last major hurdle to lifting US export ban
ZTE is almost done meeting the US’ conditions for lifting an export ban… …read more […]
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Business News
China’s ZTE clears hurdle to lifting U.S. ban
The United States said on Wednesday that it signed an agreement with ZTE Corp that paves the way for the Chinese tech company to resume operations after a nearly three-month ban on doing business with American suppliers.
Business News
Wall Street snaps gain streak as trade threat weighs
U.S. stocks fell on Wednesday, breaking a four-session streak of gains after Washington’s threat to impose tariffs on an additional $200 billion worth of Chinese goods fanned trade war fears, while a sharp drop in oil prices hit energy shares.
Business News
Stocks slide on trade war worries; oil, metals fall
U.S. stocks extended losses on Wednesday, set to snap their four-day winning streak, and metals prices slumped as U.S. threats of tariffs on an additional $200 billion worth of Chinese goods pushed the world’s two biggest economies closer to a full-scale trade war.
Business News
China vows to hit back over U.S. proposal for fresh tariffs
China accused the United States of bullying and warned it would hit back after the Trump administration raised the stakes in their trade dispute, threatening 10 percent tariffs on $200 billion of Chinese goods and rattling global markets.
Business News
Crude oil benchmark Brent sees biggest one-day fall in two years
Global benchmark Brent crude oil had its biggest one-day drop in two years on Wednesday as escalating U.S.-China trade tensions threatened to hurt oil demand, and news that Libya would reopen its ports raised expectations of growing supply.
Business News
Dollar hits 6-month high against yen as trade fears trumped
The U.S. dollar strengthened on Wednesday as the market put aside trade tension fears and focused on the Labor Department’s expectation-beating inflation report, which increased prospects that the Federal Reserve will raise interest rates another two times this year.
Trading Ideas
Market report: Trump tariffs send stocks tumbling
Global stocks were dragged under by another wave of trade war worries as Donald Trump turned up the heat on China with plans to impose new tariffs on $200bn (£151bn) of goods. Just days after firing the first shot in its trade skirmish with Beijing, the Trump administration unveiled a list of 6,000 Chinese products ranging from toilet paper to baseball gloves that will face a 10pc tariff. The Chinese commerce ministry said that it was “shocked at the US action” and warned that it would be forced to retaliate “to protect the core interests of the nation and its …read more […]
Business News
Wall Street on track to snap four-day rally; latest trade threat weighs
U.S. stocks looked set on Wednesday to snap a four-day winning streak after Washington’s threat to impose tariffs on an additional $200 billion worth of Chinese goods fanned trade war fears, while a sharp drop in oil prices hit energy.
Business News
Brazil prosecutors allege jailed GE executive helped company partake in medical cartel
General Electric Co’s chief executive for Latin America took part in a medical equipment price-fixing scheme while at the conglomerate, making it a member of an international health-care cartel, according to allegations in a document filed by federal prosecutors.
Trading Ideas
Twitter lets advertisers 'take over' the Explore tab
Twitter is ready to squeeze a lot more money out of its trending topics. …read more […]
Business News
Exclusive: U.S. clears hurdle to lifting ban on China’s ZTE
The United States signed an agreement with ZTE Corp that paves the way for the Chinese tech company to resume operations after a nearly three-month old ban on doing business with American suppliers, the U.S. Commerce Department said on Wednesday.
Business News
Oil slides on trade tensions, Libyan ports reopen
Global benchmark Brent plummeted on Wednesday, dropping more than 5 percent a barrel as trade tensions escalated between the United States and China and expectations of growing supplies mounted on news that Libya would reopen ports.
Trading Ideas
US stocks drop as markets around the world are pummeled by Trump's intensifying trade war
Global markets are in turmoil as the Trump administration intensifies its trade war once again. The US administration late on Tuesday released a huge list of new tariffs on $200 billion worth of goods from China. Stocks in China and the rest of Asia tumbled overnight, spreading to Europe after markets opened. …read more […]
Business News
Trade worries threaten Wall Street’s four-day winning streak
U.S. stocks fell on Wednesday and looked set to snap their four-day winning streak after Washington’s threat to impose tariffs on an additional $200 billion worth of Chinese goods raised fears of an escalating trade war.