Japan’s MUFG offers redundancy to 500 senior bankers in London: source
Japan’s Mitsubishi UFJ Financial Group is offering voluntary redundancy packages to 500 managing directors and directors in its London office, a source familiar with the matter said on Friday.
Global stocks decline, bonds surge on Trump’s Mexico threat
European stocks tumble and sovereign bonds surged on Friday as investors feared President Donald Trump’s shock threat of tariffs on Mexico risked tipping the United States into recession while disappointing China data added to the woes.
How Trump’s trade tariff tweet put Mexico’s back to the wall
It should have been a good day for Mexico’s veteran point man for trade with the rest of North America.
FCA CEO Manley sold shares for $3.5 million this week to cover personal expense
Fiat Chrysler Chief Executive Mike Manley sold shares in the car maker for $3.46 million on May 28, the day after the announcement of a merger proposal to French rival Renault, a regulatory filing showed.
KKR hires former Australian Prime Minister Turnbull as global senior advisor
KKR & Co has appointed former Australian Prime Minister Malcolm Turnbull as a global senior advisor, the global investment firm told Reuters on Friday.
Factbox: Auto, other industries’ manufacturing presence in Mexico
U.S. President Donald Trump said on Thursday a tariff of 5% would be imposed on all goods coming from Mexico, increasing gradually each month until reaching 25% on Oct. 1, unless Mexico takes immediate action to curb illegal immigration.
U.S., China firms scramble as new tariffs hurt business
Shanghai wine importer Alex Chen has spent the last 10 days moving all his American wines – from chardonnays to zinfandels – out of warehouses in the city’s free trade zone before they are hit with an extra tariff that kicks in on Saturday.
Automakers tremble in Asia as Trump threatens Mexico tariffs
Shares of major Asian automakers and suppliers tumbled on Friday after U.S. President Donald Trump threatened to slap tariffs on imports from Mexico from next month, potentially upending a decades-old business model of global manufacturers.
Trump vows rapid, high tariffs on Mexico unless illegal immigration ends
U.S. President Donald Trump, responding to a surge of illegal immigrants across the southern border, vowed on Thursday to impose a tariff on all goods coming from Mexico, starting at 5% and ratcheting much higher until the flow of people ceases.
Stocks shaken, bonds surge as Trump risks recession
U.S. stock futures slid and sovereign bonds surged on Friday as investors feared President Donald Trump’s shock threat of tariffs on Mexico risked tipping the United States, and maybe the whole world, into recession.
