Business & Finance News
U.S. President Donald Trump’s chief economic adviser on Monday said the administration had begun studying U.S. investor protections in China, but that delisting Chinese companies traded on U.S. exchanges “is not on the table.”
U.S. stocks cut losses on Monday after comments from White House economic adviser Larry Kudlow calmed nerves over the outcome of scheduled high-level trade talks with China later in the week, with chipmaker Nvidia buoying the tech-heavy Nasdaq index.
General Motors Co said Monday it is temporarily laying off another 415 workers in Mexico as a strike by 48,000 U.S. hourly workers enters its fourth week.
General Electric Co said on Monday it would freeze pensions for about 20,000 salaried U.S. employees and take other related moves to help the ailing conglomerate cut debt and reduce its retirement fund deficit by up to $8 billion.
U.S. President Donald Trump’s chief economic advisor on Monday said the administration has begun studying U.S. investor protections in China, but that delisting Chinese companies traded on U.S. exchanges ‘is not on the table’.
White House economic adviser Larry Kudlow on Monday said it was possible U.S. and Chinese trade negotiators could make progress when they meet in Washington this week, and said Washington was open to looking at what proposals Beijing brought.
U.S. and Chinese deputy trade negotiators launched a new round of talks on Monday aimed at resolving the two nations’ 15-month trade war, with neither side showing any signs of giving ground.
Oil prices rose around $1 on Monday, buoyed by hopes of progress in U.S.-China trade talks and supported by challenges to supply facing major exporters.
Wall Street’s main indexes fell on Monday as investors refrained from making big bets ahead of the trade talks later in the week, following a roller-coaster start to the month on fears that the U.S. economy could be sliding into a recession.
Shares in sensors specialist AMS and lighting group Osram fell on Monday on concerns AMS might revisit its $4.9 billion takeover bid which collapsed on Friday.
Austrian sensor specialist AMS has pledged to find another way to take over Germany’s Osram to form a global leader in sensors and lighting, after its $4.9 billion bid for the larger firm fell through on Friday.
U.S. President Donald Trump will sign two trade agreements with Japan later on Monday, the White House said in a statement.
U.S. stocks opened slightly lower on Monday as investors braced for U.S.-China trade talks later in the week, after a rollercoaster start to the month on fears that the world’s largest economy could be sliding into a recession.
Top U.S. officials will welcome a high-ranking Chinese delegation starting Oct. 10 for the latest round of trade talks aimed at easing tensions between the world’s two largest economies, the White House confirmed on Monday.
Wall Street’s main indexes were set to slip at the opening bell on Monday as investors braced for U.S.-China trade talks later in the week, after a rollercoaster start to the month on fears that the world’s largest economy could be sliding into a recession.
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