Business & Finance News
Global equity markets gained on Tuesday as the latest tit-for-tat U.S.-Chinese trade dispute was seen as barely denting world growth, while U.S. Treasury yields rose in anticipation the Federal Reserve will hike interest rates this year and next.
Canadian Foreign Minister Chrystia Freeland will hold fresh talks on renewing NAFTA with U.S. Trade Representative Robert Lighthizer in Washington on Wednesday, a spokesman for Freeland said on Tuesday.
U.S. stocks rose on Tuesday led by the technology and consumer sectors, as investors judged the latest exchange of blows in a trade war with China less damaging than first feared.
EU antitrust regulators plan to drop legal action against Ireland after iPhone maker Apple paid 13.1 billion euros ($15.3 billion) in back taxes following a regulatory order two years ago, the European Commission said on Tuesday.
U.S. stocks opened slightly higher on Tuesday, buoyed by a rise in oil prices and concessions that analysts said made the latest round of trade tariffs on China less damaging than initially feared.
China will levy tariffs on about $60 billion worth of U.S. goods in retaliation for the latest round of U.S. tariffs on Chinese products, as previously planned, but has reduced the level of tariffs that it will collect on the products.
Apple Inc Chief Executive Tim Cook, whose products have been spared from new U.S. tariffs imposed on Chinese goods, said on Tuesday he was optimistic that the United States and China will eventually work through their trade differences.
The escalation of the trade conflict between the United States and China is very concerning and will affect German firms, Germany’s BDI industry association said on Tuesday after the U.S. imposed further tariffs on Chinese imports.
Ireland has fully recovered 13.1 billion euros in disputed taxes from Apple Inc plus interest of 1.2 billion which it will hold in a escrow fund pending its appeal against an EU tax ruling, Ireland’s finance minister said on Tuesday.
U.S. stock index futures pointed to a higher open for Wall Street on Tuesday, buoyed by a rise in oil prices and concessions that analysts said made the latest round of trade tariffs on China less damaging than initially feared.
Who’s afraid of the big bad trade war? Not world stock markets, it seems.
Apple Inc Chief Executive Tim Cook, whose products were spared from new U.S. tariffs on Chinese goods imposed on Monday, said he is optimistic that the United States and China will eventually work through their trade differences.
Ireland has fully recovered 13.1 billion euros in disputed taxes from Apple Inc plus interest of 1.2 billion which it will hold in a escrow fund pending its appeal against an EU tax ruling, Ireland’s finance minister said on Tuesday.
China’s commerce ministry said on Tuesday that it has filed a complaint to the World Trade Organization against the United States’ planned import tariffs on $200 billion worth of Chinese goods.
The Renault-Nissan-Mitsubishi carmaking alliance said on Tuesday it will adopt Alphabet’s Google Android operating system, handing a victory to the U.S. tech giant as it pushes for a bigger share of the infotainment market.
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