FCA chairman says talks with Renault could go no further
Fiat Chrysler withdrew a proposal to merge with French rival Renault after it became clear discussions could go no further, but it remains “open to opportunities of all kinds”, its chairman wrote in a letter to staff.
Mexican foreign minister cites advances in U.S. immigration talks
Mexican officials have made some advances in their talks with U.S. officials to address the immigration crisis at the U.S.-Mexico border, Foreign Minister Marcelo Ebrard said on Thursday after meetings at the U.S. State Department.
Trade war, tariffs pose risks to U.S. and global growth: IMF, Fed officials
Officials of the U.S. Federal Reserve and International Monetary Fund warned separately on Thursday that global trade tensions and rising tariffs posed an increasing risk to decades of U.S. expansion, as well as to the global economy.
U.S. holds out for more from Mexico in talks over tariffs, border
Mexican and U.S. officials resumed talks on trade and migration on Thursday, with the Trump administration resisting calls from U.S. businesses and some Republican lawmakers to ease up on a plan to impose import tariffs on its southern neighbor.
Trump to decide on $300 billion China tariffs after G20 meeting
U.S. President Donald Trump said on Thursday he would decide whether to carry out his threat to hit Beijing with tariffs on at least $300 billion in Chinese goods after a meeting of leaders of the world’s largest economies late this month.
Exclusive: FedEx to hire 700 flexible rural and residential drivers
FedEx Corp said it plans to hire about 700 flexible, part-time Express drivers in 160 U.S. residential and rural markets as customer-turned-competitor Amazon.com Inc puts pressure on established delivery firms.
Louis Vuitton sees demand in mainland China picking up steam
Louis Vuitton, LVMH’s biggest sales driver, has beefed up stocks of its handbags and other luxury wares to feed its growing online business in mainland China, as Chinese consumers spend more at home, its management told analysts.
U.S. House panel chairman says he’ll seek to block any tariffs on Mexico
The head of the U.S. House Ways and Means Committee on Thursday vowed to take steps aimed at blocking tariffs on Mexican goods if President Donald Trump moves ahead with his economic threat to levy such imports on Monday.
U.S. trade deficit shrinks on weak imports, exports
The U.S. trade deficit unexpectedly narrowed in April as imports and exports tumbled, leading economists to warn that the Trump administration’s “America First” agenda was curbing trade between the United States and the rest of the world.
Wall Street subdued as rate cut bets temper trade tensions
U.S. stocks eked out gains in choppy trading on Thursday, as hopes of an interest rate cut outweighed fears of a flare up in U.S.-China trade tensions after comments from President Donald Trump.
