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- Wall Street bounces back as investors shrug off trade tensions
Tue, 18 Sep 2018 21:36:15 -0400
Wall Street rebounded on Tuesday in a broad-based rally as investors brushed aside intensifying trade rhetoric between the United States and China.
- China to penalize $60 billion of U.S. imports in tit-for-tat move
Tue, 18 Sep 2018 21:35:12 -0400
China and the United States plunged deeper into a trade war on Tuesday after Beijing added $60 billion of U.S. products to its import tariff list in retaliation for President Donald Trump's planned levies on $200 billion worth of Chinese goods.
- Global stocks, U.S. bond yields rise as trade row fails to dent confidence
Tue, 18 Sep 2018 21:16:22 -0400
Asian stocks rose and U.S. Treasury yields hovered near four-month highs on Wednesday, as investors looked past the latest escalation in the U.S.-China trade conflict, seen by some market participants as less severe than expected.
- U.S. senators seek punishment if China's ZTE violates deal
Tue, 18 Sep 2018 20:33:24 -0400
Republican and Democratic U.S. senators introduced a bill on Tuesday that would reimpose sanctions on China's ZTE Corp if it does not fully comply with U.S. laws and an agreement with the Trump administration that ended stiff restrictions on the telecommunications equipment company.
- China will use trade war with U.S. to replace imports: state media
Tue, 18 Sep 2018 20:33:14 -0400
China is not afraid of "extreme measures" the United States is taking in their trade war and will use it as an opportunity to replace imports, promote localization and accelerate the development of high-tech products, state media said.
- U.S. Justice Department probes Musk statement on taking Tesla private
Tue, 18 Sep 2018 19:34:25 -0400
Tesla Inc said on Tuesday the U.S. Department of Justice was investigating Chief Executive Elon Musk's public statements in August that he was considering taking the electric car maker private, the latest and biggest threat to Musk's leadership.
- Danske Bank set to shed light on Russian money flows to Europe
Tue, 18 Sep 2018 19:21:15 -0400
Danske Bank will on Wednesday lift the lid on how billions of euros from Russia and ex-Soviet states flowed through its accounts in Estonia, the latest scandal to highlight Europe's inability to tackle alleged money-laundering.
- Exclusive: Indian police scrutinize major law firm in PNB fraud probe after documents moved
Tue, 18 Sep 2018 19:10:02 -0400
India's largest law firm, Cyril Amarchand Mangaldas (CAM), is being scrutinized by federal agents after they seized documents related to the $2 billion fraud at state-run Punjab National Bank from CAMâ€™s premises in February, a lawyer representing the government and a police source told Reuters.
- WeWork tops JPMorgan as No. 1 New York tenant as coworking booms
Tue, 18 Sep 2018 18:29:25 -0400
WeWork Cos said it surpassed JP Morgan , the biggest U.S. bank, as the largest tenant of Manhattan office space, a milestone highlighting growing demand for flexible leases.
- Exclusive: Nestle, Unilever, Coke make bids in $4 billion-plus GSK India sale - sources
Tue, 18 Sep 2018 16:50:06 -0400
Nestle , Unilever and Coca-Cola are among bidders for GlaxoSmithKline's Indian Horlicks nutrition business, expected to fetch more than $4 billion, four people familiar with the matter said.
- Global stocks rise as no harm seen in trade row, dollar gains
Tue, 18 Sep 2018 16:36:47 -0400
Global equity markets rallied 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.
- China LNG tariff casts shadow over new U.S. export terminals
Tue, 18 Sep 2018 15:36:55 -0400
China set a 10 percent tariff on U.S. liquefied natural gas (LNG) imports, extending a trade dispute into energy and casting a shadow over U.S. export terminals that would propel the United States into the world's second-largest LNG seller.
- Cryptocurrency exchanges at risk of manipulation: report
Tue, 18 Sep 2018 15:28:44 -0400
Several cryptocurrency exchanges are plagued by poor market surveillance, pervasive conflicts of interest and lack sufficient customer protections, the New York Attorney General's office said in a report published on Tuesday.
- SeaWorld, ex-CEO settle SEC charges they hid 'Blackfish' impact
Tue, 18 Sep 2018 15:14:28 -0400
SeaWorld Entertainment Inc and former Chief Executive James Atchison will pay more than $5 million to settle U.S. Securities and Exchange Commission charges that they misled investors about the negative impact of the documentary "Blackfish" on the company.
- Ferrari plans 15 new models, SUV to deliver earnings growth
Tue, 18 Sep 2018 14:10:47 -0400
Ferrari plans 15 new models, including hybrids, a utility vehicle and special editions in its drive to hit a softened but still exacting mid-term earnings target.
- Trump says U.S. may make a trade deal with China at some point
Tue, 18 Sep 2018 13:35:56 -0400
President Donald Trump on Tuesday left the door open for China to negotiate an end to the trade war between Washington and Beijing, a day after imposing new tariffs on nearly $200 billion Chinese imports and threatening more if China retaliates.
- Audi launches electric SUV in Tesla's backyard, with assist from Amazon
Tue, 18 Sep 2018 13:13:30 -0400
German luxury car brand Audi on Monday staged the global launch of a new electric sport utility vehicle on the home turf of rival Tesla Inc , and highlighted a deal with Amazon.com Inc to make recharging its forthcoming e-tron models easier.
- SunPower receives exemption from Trump tariffs, shares soar
Tue, 18 Sep 2018 13:06:23 -0400
SunPower Corp on Tuesday said some of the solar cells and panels it produces overseas will be excluded from the Trump administration's 30 percent import tariffs, sending the company's shares up 15 percent.
- Visa, Mastercard reach $6.2 billion settlement over card-swipe fees
Tue, 18 Sep 2018 13:05:18 -0400
Visa Inc, Mastercard Inc, and a number of U.S. banks on Tuesday agreed to pay $6.2 billion to settle a long-running lawsuit brought by merchants over the fees they pay when they accept card payments.
- EU probes VW, BMW, Daimler over alleged emissions collusion
Tue, 18 Sep 2018 13:04:34 -0400
EU antitrust regulators are investigating whether BMW , Daimler and Volkswagen colluded to restrict the rollout of clean emission technology, a move that could lead to hefty fines for the German carmakers.