Business & Finance News
Asian markets were in a mixed mood on Thursday as fears the U.S. trade tussle with Mexico would further depress global growth, warred with wagers central banks would have to respond with fresh stimulus.
Chinese ride-hailing giant Didi Chuxing said on Thursday that it had launched services in Chile and Colombia, as part of its push into Latin America.
Asian shares got off to a hesitant start on Thursday as investors feared a looming U.S. trade war with Mexico would further depress global growth, even as they wagered central banks would have to respond with fresh stimulus.
Lazaro Hernandez, who has made a good living showing U.S. cruise ship passengers around Havana in his pink 1950s Chevrolet, says the new U.S. ban on cruises to Cuba will wipe out 90% of his business overnight.
Fiat Chrysler said on Wednesday it was withdrawing its $35 billion merger offer for Renault , blaming French politics for scuttling what would have been a landmark deal to create the world’s third-biggest automaker.
Mexican and U.S. officials are set to resume talks in Washington on Thursday aimed at averting an imposition of tariffs on Mexican goods, with President Donald Trump saying “not enough” progress on ways to curb migration was made when the two sides met on Wednesday.
U.S. refiners warned the Trump administration that tariffs on imports from Mexico could deliver a punishing blow to refiners and raise the cost of gasoline just as the U.S. driving season kicks into high gear, according to sources familiar with the discussions.
Fiat Chrysler said on Wednesday it was withdrawing its $35 billion merger offer for Renault, calling off what would have been a landmark deal to create the world’s third-biggest automaker.
When Eric and Donald Trump, Jr. arrived in the one corner of Ireland celebrating their father’s first visit as U.S. president, they had one question for the locals: “Does Doonbeg love Trump?”
Mexican Foreign Minister Marcelo Ebrard said his meeting with U.S. officials on Wednesday focused on migration flows and what Mexico is trying to do to slow them rather than U.S. President Donald Trump’s threat to impose tariffs over the issue.
President Donald Trump said on Wednesday that progress was being made in talks with Mexico to stem the flow of migrants to the United States and would continue on Thursday, but unless an agreement can be reached a 5% tariff on Mexican goods would begin on Monday.
Fiat Chrysler has withdrawn its merger offer for Renault, the Wall Street Journal reported on Wednesday.
If President Donald Trump follows through on his threat to impose across-the-board tariffs on Mexican goods entering the United States, the U.S. Congress will likely try to halt the action with legislation that would face formidable hurdles to enactment.
Troubled power utility company PG&E Corp has spoken to lawmakers for arranging about $11 billion fund to settle claims related to wildfires, Bloomberg reported on Wednesday.
Major U.S. cruise operators said on Wednesday they will no longer sail to Cuba following the Trump administration’s ban on travel to the Caribbean island, angering travelers and prompting worries about trip cancellations and company earnings.
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