Markets Right Now: Stocks fall on fresh worries over trade
The latest on developments in financial markets (all times local): 4:00 p.m. The Dow Jones industrial average is closing with its sixth straight loss Tuesday as worries about a U.S.-China…
Trump threatens almost all imports from China as Beijing fires back
WASHINGTON/BEIJING (Reuters) – China has underestimated President Donald Trump’s resolve to move forward with tariffs unless Beijing changes its “predatory” trade practices, a top U.S. trade advisor said on Tuesday,…
ZTE, U.S. suppliers shares tank after Senate puts Trump reprieve in doubt
HONG KONG (Reuters) – Shares of ZTE Corp and its American business partners took a hit on Tuesday after the U.S. Senate’s passage of a defense bill set up a…
Trump sets tariffs on $50 billion in Chinese goods; Beijing strikes back
WASHINGTON/BEIJING (Reuters) – U.S. President Donald Trump said he was pushing ahead with hefty tariffs on $50 billion of Chinese imports on Friday, and the smoldering trade war between the…
Qualcomm-NXP deal still waiting for China nod: sources
BEIJING/SHANGHAI (Reuters) – China is yet to approve U.S. chipmaker Qualcomm Inc’s (QCOM.O) proposed $44 billion acquisition of NXP Semiconductors (NXPI.O), three people close to the talks said, dismissing an…
China’s ZTE apologizes after paying ‘disastrous price’ in U.S. sanction case
HONG KONG/SHENZHEN, China (Reuters) – The chairman of ZTE Corp (000063.SZ) (0763.HK) apologized to staff and customers on Friday after the Chinese technology firm agreed to pay a $1 billion…
Airbus clinches final deal to rescue Bombardier CSeries
(Reuters) – European planemaker Airbus (AIR.PA) has finalized a rescue deal for Bombardier’s (BBDb.TO) CSeries jet and is expected to flex its marketing and cost-cutting muscle to revive the loss-making…
Trump vows to deal with ‘unfair trade’ ahead of tense G7 summit
LA MALBAIE, Quebec (Reuters) – U.S. President Donald Trump lashed out at Canada and the European Union on Friday, setting the tone for a hostile Group of Seven summit and…
UK’s House of Fraser to close 31 stores, 6,000 jobs at stake
LONDON (Reuters) – British department store group House of Fraser said on Thursday it has proposed closing 31 stores in a move likely to result in 6,000 job losses. FILE…
Congress has few options to stop Trump from saving China’s ZTE
WASHINGTON (Reuters) – There is little Congress can do to stop President Donald Trump if he wants to relax penalties on ZTE Corp (000063.SZ), despite strong bipartisan opposition to easing…