Retailers howl as U.S. trade agency locks in 15% tariffs on September 1
The Trump administration on Wednesday made official its extra 5% tariff on $300 billion in Chinese imports and set collection dates of Sept. 1 and Dec. 15, prompting hundreds of U.S. retail, footwear, toy and technology companies to warn of price hikes…
Bond yields near record lows, shares struggle on darkening global outlook
Global bond yields flirted with record low levels while stocks struggled to recover on Thursday as economic turbulence from intensifying U.S-China frictions and the specter of a no-deal Brexit drove investors to safer harbors.
Argentina says to extend maturities of international bonds, IMF debt
Argentina will negotiate with holders of its sovereign bonds and the International Monetary Fund to extend the maturities of its debt obligations as a way of ensuring the country’s ability to pay, Treasury Minister Hernan Lacunza said on Wednesday.
Fed’s Daly says she’s in a ‘watch and see’ mode on rates
San Francisco Federal Reserve President Mary Daly on Thursday said she is in a “watch and see” mode as she assesses the need for another U.S. interest-rate cut for an economy that has “strong” momentum but faces headwinds from uncertainty and a global …
Stocks to rise as rate cuts beat back trade worries for now: Reuters poll
World stocks will keep rising over the coming year, according to the latest Reuters polls of strategists, but wild gyrations are likely in the lift from expected central bank policy easing and drag from developments in the U.S.-China trade war.
IMF staff analyzing Argentina’s new debt plan: spokesman
The International Monetary Fund is analyzing the impact of a new debt plan announced by Argentina’s Treasury Ministry on Wednesday, an IMF spokesman said.
Tesla rolls out insurance in California
Tesla Inc said on Wednesday it was launching an insurance service designed to give drivers in California, its biggest market, lower rates because of safety features on its electric vehicles.
Samsung heir braces for top court ruling in ex-president bribery case
Samsung Group will discover the fate of its de facto leader on Thursday as South Korea’s Supreme Court rules whether to uphold the bribery conviction of Jay Y. Lee, in a scandal that unseated the president and trained public ire on corporate untouchabl…
Factbox: South Korea’s top court ruling on Samsung heir and ex-president
Samsung Group will discover the fate of its de facto leader on Thursday as South Korea’s Supreme Court rules whether to uphold the bribery conviction of Jay Y. Lee, in a scandal that unseated the president and trained public ire on corporate untouchabl…
Icahn opposes new directors chosen by Occidental CEO
Activist investor Carl Icahn, who has launched a proxy fight to win seats on Occidental Petroleum’s board, said on Wednesday he opposed efforts by the Houston-based company to name new directors without picking from his slate.
