Trump tariff salvo batters European stocks, sparks bond rally
European stocks posted their biggest drop of 2019 on Friday and German bond yields hit record lows after U.S. President Donald Trump fired his latest trade war salvo at China, jolting markets and sparking a frenzied bid for safe-haven assets.
Oil prices regain ground after plunge on Trump’s tariff vow
Oil prices rose around 2% on Friday, regaining ground after their biggest falls in years on U.S. President Donald Trump’s vow to impose more tariffs on Chinese imports.
China warns of retaliation after Trump threatens fresh tariffs
China on Friday said it would not be blackmailed and warned of retaliation after U.S. President Donald Trump vowed to slap a 10% tariff on $300 billion of Chinese imports from next month, sharply escalating a trade row between the world’s biggest econo…
Stronger yen prompts Toyota to trim profit forecast, saps Honda
Toyota Motor Corp lowered its annual profit forecast while Honda Motor Co turned in a double-digit decline in quarterly earnings as a resurgent yen hurt two of Japan’s biggest automakers.
Apple halts Siri response grading program after privacy concerns
Apple Inc said on Friday it suspended its global program where it analyzed recordings from users interacting with its voice assistant Siri, after some privacy concerns were raised about the program.
IAG says it hopes to bring forward first MAX delivery to 2022
British Airways owner IAG is in talks with Boeing to bring forward the first delivery of 200 737 MAX jets by a year to 2022, and said it was confident that the issues that led to its grounding would be addressed.
China says to take countermeasures if U.S. bent on putting tariffs on Chinese goods
China will have to take countermeasures if the United States is bent on putting more tariffs on Chinese goods, the Chinese foreign ministry said on Friday.
Oil prices regain ground after overnight plunge on tariffs
Oil prices rose around 2% on Friday, regaining ground after the biggest falls in years as U.S. President Donald Trump imposed more tariffs on Chinese imports, intensifying the trade war between the world’s two biggest economies and crude consumers.
Honda first-quarter operating profit drops 16% on lower U.S. car sales
Japan’s Honda Motor Co reported a 16% drop in first-quarter operating profit on Friday, as a stronger yen weighed on overseas earnings and U.S. vehicle sales dropped.
Trump’s tariffs jolt global stocks, spark rush to safer assets
Global stocks took a beating on Friday, with investors piling into safe-haven assets but oil prices recouped some losses after U.S. President Donald Trump said he would slap a 10% tariff on the remaining $300 billion of Chinese imports starting Sept. 1…
