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China warns U.S. is ‘opening fire’ on the world with tariff threats

July 5, 2018 admin Comments Off on China warns U.S. is ‘opening fire’ on the world with tariff threats

The United States is “opening fire” on the world with its threatened tariffs, China warned on Thursday, saying no one wants a trade war but it will respond the instant U.S. measures go into effect, as Beijing ramped up the rhetoric in the heated dispute. The Trump administration’s tariffs on $34 billion of Chinese imports are due to go into effect at 0401 GMT on Friday, which is just after midday in Beijing. …read more […]

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Boeing, Embraer Forge $4.75 Billion Commercial Jet Venture

July 5, 2018 admin Comments Off on Boeing, Embraer Forge $4.75 Billion Commercial Jet Venture

Boeing Co. is forming a $4.75 billion venture with long-time industrial partner Embraer SA, a move that will expand the U.S. planemaker’s manufacturing base abroad while extending its reach into the market for small jetliners. Under a preliminary deal, Boeing will own 80 percent of a partnership controlling Embraer’s commercial airplane and services business while the Brazilian manufacturer holds 20 percent, the companies said in a statement Thursday. The tie-up caps years of talks between the two, while extending the duopoly held by Boeing and Airbus SE as competitive threats emerge from rivals in Russia, Japan and China. …read more […]

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China stocks, yuan slide as Washington, Beijing prepare trade salvos

July 5, 2018 admin Comments Off on China stocks, yuan slide as Washington, Beijing prepare trade salvos

Chinese stocks slipped on Thursday and the yuan gave back some of its recent gains against the dollar a day before China and the United States were due to set punitive tariffs on each other’s goods, heightening fears of a global trade war. The declines in the yuan and stocks come the same day the central bank’s targeted cut of reserve requirements for banks took effect, which is expected to release additional liquidity in the financial system. “The bottom for A-shares is nowhere in sight yet,” said Samuel Chien, partner of Shanghai BoomTrend Investment Management Co. The hedge …read more […]

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Rescuers race to drain water inside Thai cave before rains

July 5, 2018 admin Comments Off on Rescuers race to drain water inside Thai cave before rains

Officials have said they prefer to get the boys out as soon as possible because heavy rain is expected to start by Saturday, which almost surely will raise water levels again in the cave, making passage in some areas even more difficult if not impossible. Authorities said the boys, who appeared skinny but in good health in several videos released by the Thai navy, were being looked after by seven members of the Thai SEALs, including medics, who were staying with them inside the cave. In the most recent video, a navy SEAL is shown treating minor cuts …read more […]