Business & Finance News
Three main differences remain in the China-U.S. trade talks, including the removal of all the additional tariffs, Chinese state media said on Saturday, following the end of the latest round of negotiations in Washington.
U.S. President Donald Trump on Friday ordered his trade chief to begin the process of imposing tariffs on all remaining imports from China, underscoring a lack of progress by U.S. and Chinese negotiators in talks aimed at ending an escalating trade war.
China and the United States have agreed to hold more trade talks in Beijing, Vice Premier Liu He told Chinese state media in the United States on Friday, following a round of discussions in Washington which he described as “honest” and “constructive”.
President Donald Trump on Friday ordered the U.S. trade representative to start the process of raising tariffs on all remaining imports from China, the USTR said in a statement.
Wells Fargo & Co’s hunt for a new CEO is being impeded by limits on how much the bank can pay its next leader, a person close to the search and several industry insiders told Reuters.
Huawei Technologies Co Ltd lawyer James Cole’s prior work at the Department of Justice created a conflict of interest that should disqualify him from defending the Chinese company in a case over alleged bank fraud and sanctions violations, U.S. prosecutors said in a filing on Friday.
The United States and China made no progress in trade talks this week in Washington as U.S. negotiators rejected Chinese Vice Premier Liu He’s arguments in favor of China’s proposed legal changes to a draft agreement, two sources familiar with the talks told Reuters.
Bodum Holding AG sued Starbucks Corp on Friday for alleged product disparagement in connection with the coffee company’s recent recall of 230,000 co-branded French presses made from recycled materials.
A week of worsening fears on Wall Street leading up to Washington’s increase on tariffs on Chinese goods has taken a toll on stocks that rely heavily on global trade.
Goldman Sachs Group Inc is nearing a deal to buy boutique wealth management firm United Capital Financial Partners Inc for several hundred million dollars, a source told Reuters.
Uber Technologies Inc’s conservative initial public offering could not keep its shares from sinking in their trading debut on Friday, fueling debate on Wall Street over whether the outcome of the most anticipated listing since Facebook Inc would weigh on other Silicon Valley unicorns.
U.S. President Donald Trump said on Friday that trade talks with China would continue even after Washington moved to hike tariffs on Chinese goods, avoiding the worst-case scenario of a complete breakdown in negotiations between the world’s two largest economies.
A range of consumer products made in China and sold in the United States are affected by Friday’s new set of tariffs imposed by U.S. President Donald Trump, including in categories such as vacuum cleaners, handbags and lighting fixtures.
Stock valuations have climbed to levels reached just before Wall Street’s late 2018 plunge, leaving the market at risk of shocks such as the sell-off this week as global trade tensions mounted.
U.S. stocks rebounded from early losses on Friday to snap a four-day losing streak after U.S. President Donald Trump and Treasury Secretary Steven Mnuchin said trade talks between the United States and China were “constructive.”
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