Factbox: U.S. retailers comment on latest tariff escalation
Several U.S. retailers, footwear companies and business groups have warned that the long-drawn Sino-U.S. trade war would jack up consumer prices and trigger job losses.
Exclusive: Novelis’ $2.6 billion Aleris deal set for EU green light – sources
U.S. aluminum producer Novelis is set to secure EU antitrust approval for its $2.6 billion bid for Aleris, people familiar with the matter said on Thursday.
Shares rally as China fuels trade deal hopes, Italy moves toward new government
U.S. and European shares advanced on Thursday as China struck a hopeful tone on trade relations with the United States and as Italy appeared close to forming a new government and resolving its political crisis.
Wall Street rises after China trade comments, tech boost
A rise in technology stocks lifted Wall Street on Thursday, as China sounded hopeful of a resolution to the protracted trade dispute with the United States, easing investor fears of the risk of a recession.
Exclusive: EU regulators to approve $2.6 billion Novelis, Aleris deal – sources
EU antitrust regulators will clear Novelis’ $2.6 billion takeover of Aleris after the U.S. aluminum producer pledged a far-ranging set of concessions, people familiar with the matter said on Thursday.
Trade war dims outlook for U.S. business operations in China: survey
U.S. companies doing business in China are still making profits there, but 81% say escalating trade tensions between the world’s two largest economies have affected their business operations, a survey released Thursday by the US-China Business Council …
New products, remodeled stores push U.S. dollar chains to boost profit forecast
The top two U.S. discount store chains raised their full-year profit forecast on Thursday as a push on adding a range of new products – from fresh food to self-owned brands – starts to pay off, cushioning a blow from increased tariffs on Chinese import…
Volkswagen discussing Turkish car tax as it seeks deal on plant: sources
German carmaker Volkswagen is holding talks with officials in Ankara over Turkey’s vehicle tax regime as it seeks to conclude a 1-billion euro investment to build a production plant in Turkey, two sources said on Thursday.
Argentine peso gets knocked lower, country risk soars as government eyes debt ‘reprofiling’
Argentina’s peso slumped on Thursday and its country risk soared to levels not seen since 2005 after the government announced plans to “reprofile” about $100 billion of its debt, leaving investors scrambling to assess what kind of hit they might face.
Best Buy’s sales forecast falls short as tariffs loom
Best Buy Co Inc blamed planned U.S. tariffs on Chinese imports and uncertainty about future consumer behavior for a lower annual sales forecast, becoming the latest company to air concerns about President Donald Trump’s trade war with Beijing.
