Oil crashes 7% as Trump announces additional tariffs on Chinese imports
Oil prices plummeted more than 7% on Thursday to the lowest level in about seven weeks, after U.S. President Donald Trump said he would impose an additional 10% tariff on $300 billion worth of Chinese imports starting Sept. 1.
Trump: U.S. will hit $300 billion worth of Chinese goods with 10% tariff
U.S. President Donald Trump said on Thursday he would impose an additional 10% tariff on $300 billion worth of Chinese imports starting Sept. 1, as talks aimed at easing tensions between the world’s two largest economies continue.
Wall St. gives up gains following Trump trade tweet
Wall Street abruptly reversed its gains on Thursday as U.S. President Donald Trump tweeted that he would impose an additional 10% tariffs on $300 billion in Chinese imports, sending the long-running U.S. China trade war that has rattled markets for mo…
Enel upbeat on outlook after renewables and grids boost earnings
Europe’s biggest utility Enel painted an upbeat outlook after posting a strong rise in earnings in the first six months driven by its green energy and network businesses.
Occidental Petroleum plans to close Anadarko deal soon after August 8 vote
Occidental Petroleum Corp plans to quickly complete its $38 billion purchase of Anadarko Petroleum after the latter’s Aug. 8 shareholder vote, the company said on Thursday.
Trump says U.S. to hit $300 billion worth of Chinese goods with 10% tariff
U.S. President Donald Trump said on Thursday he would impose an additional 10% tariff on $300 billion worth of Chinese imports starting Sept. 1, as talks aimed to ease tensions between the world’s two largest economies continue.
China sees intensive contact ahead of next trade talks; small U.S. soybean sales reported
U.S. and Chinese negotiating teams will be in intensive contact to prepare “good groundwork” for trade talks in September, the commerce ministry said on Thursday, as Washington confirmed China’s first private purchase of soybeans since a tariff war bro…
Wall St. rebounds on tech strength, eyes shift to earnings
U.S. stocks rebounded on Thursday from a steep selloff in the prior session, boosted by technology shares, as investors shrugged off a cautious outlook from the Federal Reserve on interest rate cuts and focused on corporate earnings.
U.S. manufacturing struggling as tariffs bite; job market healthy
U.S. manufacturing activity slowed to a near three-year low in July and hiring at factories shifted into lower gear, suggesting a further loss of momentum in economic growth early in the third quarter as trade tensions between Washington and Beijing pe…
UniCredit says no evidence of any customer data breach after Capital One case-memo to staff
UniCredit has found no evidence so far of any customer data having been accessed or compromised in relation to a major data breach at Capital One Financial Corp , the bank said in a memo to staff on Thursday.
