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Updated: 30 min 7 sec ago

China to fight back against U.S. tariff move: People's Daily

4 hours 29 min ago
China will fight back against the latest U.S. step to increase tariffs on Chinese goods, the ruling Communist Party's People's Daily said on Sunday amid an escalating trade war between the world's two largest economies.
Categories: Financial Media

Fed's Mester sees downside risk from escalating trade war

Sat, 08/24/2019 - 20:15
Cleveland Federal Reserve President Loretta Mester said on Saturday she sees "big downside risk" from rising trade uncertainty, and will be watching how businesses and consumers react ahead of the U.S. central bank's next policy meeting.
Categories: Financial Media

China warns U.S. to stop 'wrong' trade actions or face consequences

Sat, 08/24/2019 - 14:48
China said on Saturday it strongly opposes Washington's decision to levy additional tariffs on $550 billion worth of Chinese goods and warned the United States of consequences if it does not end its "wrong actions".
Categories: Financial Media

UK PM Johnson to tell Trump to de-escalate trade tensions

Sat, 08/24/2019 - 14:48
British Prime Minister Boris Johnson said he would be telling President Donald Trump at this weekend's G7 summit to pull back from a trade war which is already destabilising economic growth around the world.
Categories: Financial Media

China to raise import tariffs on U.S. scrap copper, aluminum from December 15

Sat, 08/24/2019 - 03:48
China will impose an extra 5% tariff on imports of copper scrap and aluminum scrap from the United States from Dec. 15, according to a list of retaliatory tariffs published by the Ministry of Finance late on Friday.
Categories: Financial Media

FTC, AT&T settle 2014 lawsuit over data slowdowns: court

Sat, 08/24/2019 - 03:06
The Federal Trade Commission (FTC) and AT&T Inc reached a settlement agreement on a 2014 case that accused the company of slowing down data sent to wireless devices, a federal court ruling showed on Friday.
Categories: Financial Media

Japan, U.S. reach framework trade pact, no U.S. concessions seen - Nikkei

Sat, 08/24/2019 - 02:51
The United States and Japan have reached the broad framework of a trade agreement, Japan's Nikkei business daily said on Saturday, with Tokyo making concessions on its agriculture but none immediately apparent from Washington on automobiles.
Categories: Financial Media

Japan, U.S. reach framework trade pact, no tariff cuts on Japan cars: Nikkei

Sat, 08/24/2019 - 01:50
The United States and Japan have reached the broad framework of a trade agreement, with Washington maintaining tariffs on Japanese autos but Tokyo cutting tariffs on U.S. beef and pork, Japan's Nikkei business daily said on Saturday.
Categories: Financial Media

Wall Street Weekahead: Investors look at dollar stores as U.S. recession fears increase

Sat, 08/24/2019 - 01:33
More investors are watching the shares of discount retailers like Dollar General Corp and Dollar Tree Inc , which perform better during economic downturns, in the hopes of gauging changes in consumer behavior, though higher tariffs may erode the companies' ability to act as economic bellwethers.
Categories: Financial Media

Explainer: What tools could Trump use to get U.S. firms to quit China?

Sat, 08/24/2019 - 01:23
Hours after China announced retaliatory tariffs on U.S. goods on Friday, President Donald Trump ordered U.S. companies to "start looking for an alternative to China, including bringing your companies HOME and making your products in the USA.".
Categories: Financial Media

Factbox: From phone makers to farmers, the toll of Trump's trade wars

Sat, 08/24/2019 - 01:15
The world's two largest economies, China and the United States, on Friday exchanged blows in the latest escalation in their trade war that has roiled supply chains and whipsawed financial markets.
Categories: Financial Media

Trump heaps another 5% tariff on Chinese goods in latest tit-for-tat escalation

Fri, 08/23/2019 - 23:29
U.S. President Donald Trump on Friday lashed back at a new round of Chinese tariffs by heaping an additional 5% duty on some $550 billion in targeted Chinese goods in the latest tit-for-tat trade war escalation by the world's two largest economies.
Categories: Financial Media

Key dates in the U.S.-China trade war

Fri, 08/23/2019 - 23:28
Hopes for settlement of the yearlong U.S.-China trade war dimmed further on Friday as China said it will slap retaliatory tariffs on about $75 billion worth of U.S. goods, the latest escalation in the dispute between the world's two largest economies.
Categories: Financial Media

Stocks tumble, yen rallies as U.S. and China escalate trade war

Fri, 08/23/2019 - 23:10
Stocks, the dollar and oil prices fell on Friday while safe havens rose after President Donald Trump demanded U.S. companies look at alternatives to China for manufacturing, following Beijing's retaliatory tariffs on American goods.
Categories: Financial Media

Fed's Powell vs. Trump: who's got a 'feel' for markets now?

Fri, 08/23/2019 - 23:09
Donald Trump once accused the Federal Reserve of not having a "feel" for the market and compared Federal Reserve Chair Jerome Powell to a golfer who can't putt, but on Friday it was the U.S. president that drove markets into the rough.
Categories: Financial Media

Wall Street plunges as U.S.-China trade war intensifies

Fri, 08/23/2019 - 22:46
Wall Street tumbled on Friday after the U.S.-China trade war escalated in dramatic fashion, with President Donald Trump demanding that American companies seek alternatives to doing business with China after Beijing announced its own slate of retaliatory measures.
Categories: Financial Media

General Dynamics wins $1.1 billion U.S. defense contract: Pentagon

Fri, 08/23/2019 - 22:42
General Dynamics Corp has been awarded a $1.1 billion contract for expeditionary sea base ships, the Pentagon said on Friday. The vessels are partially submersible logistics platforms for large-scale naval operations.
Categories: Financial Media

USTR to accept public comment period before raising tariffs on $250 billion in Chinese imports

Fri, 08/23/2019 - 22:40
The U.S. Trade Representative's office on Friday said it would hold a public comment period before raising tariffs on $250 billion in Chinese imports on Oct. 1 from 25% to 30% after China announced what the U.S. considers "unjustified tariffs."
Categories: Financial Media

Answering Trump, UPS, FedEx and USPS say they already fight illegal drug shipments

Fri, 08/23/2019 - 22:36
FedEx Corp , United Parcel Service Inc and the U.S. Postal Service said on Friday they are already working to stop traffickers from using their services after U.S. President Donald Trump ordered delivery firms to refuse packages of the powerful painkiller fentanyl from China.
Categories: Financial Media

Pentagon awards Lockheed $2.4 billion contract for F-35 spare parts

Fri, 08/23/2019 - 22:26
Lockheed Martin has been awarded a $2.4 billion contract for spare parts for F-35 joint strike fighters purchased by the Air Force, Navy and Marine Corps as well as foreign militaries, the Pentagon said on Friday.
Categories: Financial Media