U.S. futures recover after Trump eases stance on China trade
U.S. stock index futures edged higher on Monday as U.S. President Donald Trump moved to ease trade tensions with China, soothing investor nerves after intense feuding between the world’s top two economies last week sent stocks into a tailspin.
Factbox: China’s tariffs on U.S. commodities and energy
(The August 26 story corrects paragraph on pork to say total tariffs include the most favored nation tariff of 12%, not value added tax of 12%.)
Global stocks edge higher as Trump acts to ease China trade tensions
Stock markets clawed themselves off their lows on Monday but sentiment remained fragile after the latest flare-up in the U.S.-China trade war sent investors scrambling into government bonds and battered emerging market currencies.
Trump welcomes China’s call for ‘calm’ trade talks, wants same in Hong Kong
U.S. President Donald Trump on Monday said China’s call for “calm” trade negotiations sent a positive message and should also be applied to the situation in Hong Kong.
Celgene to sell psoriasis drug Otezla for $13.4 billion to Amgen
Celgene Corp will sell its psoriasis drug Otezla for $13.4 billion in cash to Amgen Inc, taking Celgene a step closer to a $74-billion takeover by Bristol-Myers Squibb Co.
Tencent launches WeChat for drivers
Tencent Holdings on Monday unveiled a version of its popular social media app WeChat tailor-made for drivers with state-backed Chinese carmaker China Chang’an Automobile Group, marking a further foray into transportation solutions.
Trump says China talks coming, Beijing calls for trade war resolution
The United States and China sought to ease trade war tensions on Monday, with Beijing calling for calm and U.S. President Donald Trump predicting a deal after markets fell in response to new tariffs from both countries.
Trump, asked if could delay China tariffs, says: ‘Anything is possible’
U.S. President Donald Trump said on Monday that trade negotiations with China were in a much better position than at any time and, asked if he could delay planned tariffs on Chinese goods, replied: “Anything is possible”.
Oil rises on hopes of easing U.S.-China trade tension
Oil prices rose on Monday after the United States and China both suggested they could ease up in a trade war that has undermined the outlook for the global economy and crude demand.
Trump says hopes doesn’t have to consider tariffs on German cars
U.S. President Donald Trump said on Monday that he and German Chancellor Angela Merkel discussed a trade deal with the European Union and said he hoped Washington would not have to consider imposing tariffs on German cars.
