Business & Finance News
Glencore CEO Ivan Glasenberg said on Tuesday the mining and trading company would “shortly” bring in new leadership as part of a management transition.
French President Emmanuel Macron said on Tuesday he was hopeful that trade and economic disagreements with the United States, including a dispute over France’s new digital services tax, could be settled.
Wall Street sank more than 1% and the benchmark S&P 500 hit a near one-month low on Tuesday as comments from President Donald Trump stoked fears of a significant delay in resolving a bruising trade dispute with China.
U.S. stocks fell at the open on Tuesday after comments from President Donald Trump sparked fears of a delay in resolving a bruising tariff dispute with China until after the presidential election in November 2020.
Telecoms equipment maker Nokia announced on Tuesday that it plans to appoint its former networks chief Sari Baldauf as chairman, succeeding Risto Siilasmaa who will step down after eight years in the job.
Signs that a deal to end the trade war between the United States and China might not come until after the November 2020 elections weighed on global equity markets Tuesday as investors sought out the perceived safety of bonds.
U.S. President Donald Trump said on Tuesday he was sure “a minor dispute” with France on trade could be worked out after he threatened to impose duties of up to 100% on imports of champagne, handbags and other French products.
U.S. President Donald Trump’s administration threatened to impose duties of up to 100% on French imports worth $2.4 billion after it concluded a tax on digital services imposed by Paris would be “unusually burdensome” for U.S. technology companies.
U.S. stocks were set to drop at the open on Tuesday after comments from President Donald Trump sparked fears of a delay in resolving a bruising tariff dispute with China until after the presidential election in November 2020.
Chinese e-commerce giant Alibaba said on Tuesday it has raised an additional HK$13.17 billion ($1.68 billion) by exercising the over-allotment option in its Hong Kong secondary listing.
Finnish telecoms equipment maker Nokia said on Tuesday its board would name Sari Baldauf to succeed Risto Siilasmaa as board chairman at the next annual shareholders meeting.
France and the European Union said on Tuesday they are ready to retaliate if U.S. President Donald Trump acts on a threat to impose duties of up to 100% on imports of champagne, handbags and other French products worth $2.4 billion.
The United States has threatened punitive duties of up to 100% on $2.4 billion in imports from France of champagne, handbags, cheese and other products, after concluding that France’s new digital services tax would harm U.S. technology companies.
Huawei Technologies [HWT.UL] is facing a public backlash in China after details of the dismissal and wrongful detention of a former employee went viral.
The European Union will act as one over planned U.S. tariffs on French goods and believes the World Trade Organization is the best way to settle such disputes, the European Commision said on Tuesday.
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