Trump defends tariff strategy as China says it’s ‘not afraid of a trade war’
U.S. President Donald Trump on Tuesday defended the use of tariffs as part of his trade strategy while China vowed a tough response if the United States insists on escalating trade tensions amid ongoing negotiations.
Exclusive: U.S. state AGs prepare lawsuit to stop Sprint and T-Mobile merger
A group of at least 10 state attorneys general are preparing on Tuesday to file a lawsuit to stop the $26 billion merger of Sprint and T-Mobile, a deal that would reduce the number of nationwide wireless carriers from four to three, according to three …
Wall St. opens higher on China stimulus, Mexico tariff relief
U.S. stocks opened higher on Tuesday, edging back toward record territory, as signs of more fiscal stimulus from China and some easing of last week’s tensions around Mexico buoyed investors’ appetite for risk.
Underlying U.S. producer inflation pushing higher
U.S. producer prices increased solidly for a second straight month in May, boosted by a surge in the cost of hotel accommodation and gains in a range of other services, pointing to a steady pickup in underlying inflation pressures.
U.S. stock futures gain on China stimulus, tariff relief
U.S. stocks were set to edge back toward record territory on Tuesday, as signs of more fiscal stimulus from China and some easing of last week’s tensions around Mexico buoyed investors’ appetite for risk.
Factbox: U.S. companies warn Trump’s tariffs could hit results
A host of U.S. consumer companies have warned that costs related to tariffs on goods imported from China would weigh on their results.
World shares rally again on Trump tariff relief, Fed hopes
World shares rallied on Tuesday to hold near one-month highs, with German carmakers outperforming and Wall Street looking to extend gains after the United States stepped back from imposing tariffs on Mexico.
Foxconn has enough capacity outside China to meet Apple’s U.S. demand
Foxconn, the world’s top contract electronics assembler, said it had enough capacity outside China to meet Apple’s demand in the American market if the need should arise for the iPhone maker to adjust its production lines due to the U.S.-China trade wa…
Planemakers race for wide-body orders in Asia showdown
Airbus and Boeing are battling for wide-body aircraft orders worth well over $10 billion as the clock ticks towards next week’s Paris Airshow, industry sources said.
Unilever says Vietnam, Bangladesh among next ‘growth stars’
Vietnam, Bangladesh, Pakistan and Myanmar will be the top growth markets for consumer goods giant Unilever over the next few years as a rapidly growing population and an emerging middle class rapidly consume the company’s household good products, Chief…
