Fed’s Williams says policymakers need to better prepare for lower interest rate world
Torturously slow recoveries from recessions and low inflation are here to stay unless policymakers can get a better grip on how to stabilize the global economy in an era of lower interest rates, a top Federal Reserve policymaker said on Tuesday.
China says hopes U.S. does not underestimate its determination
China’s foreign ministry said on Tuesday that it hopes the United States does not underestimate its determination to protect its interests, even as Washington threatened to extend tariffs to virtually all Chinese imports.
Huawei is not controlled by China, executive says
Huawei is a private company that is not controlled by the Chinese government and would refuse to hand over information to Beijing although no such request has been made, the firm’s Vice President of Western Europe said on Tuesday.
Volkswagen will use Traton proceeds to internationalize truck business: CEO
Volkswagen will use proceeds of an initial public offering of its Traton trucks unit to invest in the “internationalization” of the division, Chief Executive Officer Herbert Diess said on Tuesday.
Volkswagen shares up 2.7% in early trade on truck listing plans
Volkswagen shares were up 2.7% in early trade on Tuesday after the multi-brand carmaking group said it would press ahead with a listing of its trucks unit Traton in what could be Germany’s biggest share offering this year.
Asian shares hit three-and-a-half month low as trade war intensifies
Fresh volleys in the U.S.-China tariff war pressured Asian shares on Tuesday, but comments from U.S. President Donald Trump that he expects trade negotiations to be successful eased some worries.
U.S. faces hurdles in push to build electric vehicle supply chain
U.S. lawmakers on Tuesday moved closer to developing a national electric vehicle supply chain policy, with senators voicing bipartisan support for legislation designed to parry China’s dominance in metals production and battery manufacturing.
VW shares up 2.7% in early trade on truck listing plans
Volkswagen shares were up 2.7% in early trade on Tuesday after the multi-brand carmaking group said it would press ahead with a listing of its trucks unit Traton in what could be Germany’s biggest share offering this year.
Members only: U.S. retailers revamp loyalty schemes for Amazon era
With private fitting rooms, members-only stores and clever apps, U.S. department stores are reinventing their old and tested loyalty programs to fend off the challenge from e-commerce giant Amazon.com Inc and other online rivals.
China, U.S. have ‘wisdom’ to resolve trade dispute, says senior diplomat
China and the United States both have the “ability and wisdom” to reach a trade deal that is good for both, the Chinese government’s top diplomat said, as U.S. President Donald Trump said he thought recent talks in Beijing would be successful.
