DETROIT/LONDON/SHANGHAI (Reuters) – Automakers are scrambling to ship vehicles to the United States to pre-empt possible higher tariffs, according to port data, port officials and logistics companies.
BEIJING/WASHINGTON (Reuters) – China accused the United States on Thursday of “opening fire” on the world with tariffs set to take effect on Friday, warning that it will respond the moment that duties on $34 billion in Chinese goods kick in.
(Reuters) – Credit Suisse Group AG agreed to pay about $77 million to settle U.S. bribery probes into its awarding of jobs to family and friends of Chinese and other government officials in the Asia-Pacific region, to win lucrative investment banking business.
Micron Technology Inc. said a ban on the sale of some of its products in China is unfair and won’t hurt its earnings. “The central government of China has often stated that the rights of foreign companies are fairly and equally protected in China,” Micron said in the statement. …read more […]
(Reuters) – U.S. stocks inched higher on Thursday with investors mulling Washington’s stance on trade as it looked to dial back tariff threats on European cars while moving to impose duties on Chinese goods worth $34 billion.
European stocks got a boost after the United States offered to abandon threatened levies on European cars in return for concessions, with German Chancellor Angela Merkel saying she would back lowering European Union tariffs on U.S. car imports. The rally in Europe spilled over to U.S. stocks, with New York-listed stock of Fiat gaining 5.8 percent. …read more […]
WASHINGTON (Reuters) – U.S. services sector activity picked up in June amid strong growth in new orders, but trade tariffs and a shortage of workers were starting to strain the supply chain, which could slow momentum in the coming months.
The Model 3 can now park itself. Called Summon, the feature is now available …read more […]
The company also confirmed in a statement for the first time two of its units had been temporarily banned from selling some memory chips and solid state drives in China, following a complaint from rivals United Microelectronics Corporation (UMC) and Fujian Jinhua Integrated Circuit Co. The lawsuit followed Micron’s complaint in December against Chinese government-backed Fujian and UMC in a California court alleging misappropriation of its trade secrets and other misconduct. …read more […]
(Reuters) – Credit Suisse Group AG agreed to pay about $77 million to settle U.S. criminal and civil probes into its Asia-Pacific hiring practices, including efforts to win banking business by awarding jobs to friends and family of Chinese government officials.
SAO PAULO (Reuters) – Boeing Co will buy a controlling stake in the commercial aircraft arm of Brazilian planemaker Embraer SA under a new $4.75-billion joint venture, the companies said on Thursday, cementing a global passenger jet duopoly.
Sarepta Therapeutics’ (SRPT) DMD drug sales are rising and pipeline candidates are progressing well. However, dependence on a single product for near-term growth is a concern. …read more […]
LONDON (Reuters) – JPMorgan has asked “several dozen” employees to lead a first wave of relocations from Britain to continental Europe by early 2019, kicking off plans to protect its business post-Brexit, a memo to staff shows.
(Reuters) – U.S. stocks ticked higher on Thursday on signs that Washington may dial back on plans for tariffs on European cars, soothing some worries about trade even as China looked set to face U.S. tariffs.
(Reuters) – The Trump administration wants to fire up development of the U.S. offshore wind industry by streamlining permitting and carving out vast areas off the coast for leasing – part of its ‘America First’ policy to boost domestic energy production and jobs.
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