Business & Finance News
U.S. stocks fell at open on Monday on signs of tough talks ahead before a partial trade deal with China announced by President Donald Trump on Friday could be sealed.
Wall Street was set to fall for the first time in four sessions on Monday on signs there was more hard work to be done before a partial trade deal with China announced by President Donald Trump on Friday could be sealed.
U.S. President Donald Trump called his Phase 1 trade deal with China “by far, the greatest and biggest deal ever made,” even though nothing was agreed on paper, and most of the tariffs set upon Chinese goods remain in place.
Downward pressure on China’s economy is increasing and the government will make good use of counter-cyclical adjustments to keep economic operations within reasonable range, state television quoted premier Li Keqiang as saying.
A global index of stock markets dipped on Monday as a report that China wants more talks before signing a “Phase One” trade deal with the United States tempered an initial burst of optimism that followed signs of progress last week.
U.S. stock index futures fell back on Monday as hopes of a quick resolution to the U.S.-China trade war were dashed by a report that China wanted more talks before signing a partial deal announced by President Donald Trump on Friday.
U.S. power company Sempra Energy said on Monday it would sell is Chilean businesses to China’s State Grid International Development Limited for $2.23 billion in cash.
Superdry put its faith in Julian Dunkerton to get the British fashion group back on track on Monday, confirming him as chief executive until 2021, after the co-founder returned in a boardroom coup earlier this year.
Liberty Global has offered a 500 million Swiss franc ($501.45 million) sweetener to rescue the sale of its Swiss cable and TV business to Sunrise Communications but a key Sunrise shareholder said it remained opposed to the deal.
Sterling bulls could be forgiven if they thought Christmas had arrived early.
Oil prices fell on Monday as scant details about the first phase of a trade deal between the United States and China undercut optimism over a U.S.-Sino thaw that had helped lift crude markets by 2% at the end of last week.
A global index of stock markets slipped on Monday as signs of progress in the China-U.S. trade dispute drew mixed a reaction from investors, with some cautioning over a lack of detail in the initial stages of the agreement.
The World Trade Organization (WTO) formally authorized the United States on Monday to impose tariffs on up to $7.5 billion of imports of EU goods after an arbitrator’s decision over subsidies to planemaker Airbus .
Freenet still opposes Sunrise’s 6.3 billion Swiss franc ($6.32 billion) deal to buy Liberty Global’s Swiss business, despite a new offer from the American seller to take part in the acquisition.
China is still a long way from forking out $50 billion for farm goods from the United States, agriculture industry analysts said on Monday, cautioning that getting there is contingent on removing substantial technical and political hurdles.
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