What’s at stake for Europe Inc in a trade spat with Washington
Europe’s listed companies are expected to generate 1.2 trillion euros (£1.04 trillion) in revenue from the United States this year, highlighting what’s at stake as global trade tensions grow and earnings and economic growth stall.
Cellphones and laptops on latest USTR China tariff list, drugs excluded
A list of products subject to possible U.S. tariffs on about $300 billion of Chinese imports will include cellphones and laptop computers but not pharmaceuticals and rare earth materials, the U.S. Trade Representative’s Office said on Monday.
Trump and Xi to meet after defiant China hits U.S. with new tariffs
U.S. President Donald Trump said on Monday he would meet Chinese President Xi Jinping next month as the trade war between the world’s two largest economies intensified, sending shivers through global markets.
Long fight over error in JPMorgan loan to GM settles for $231 million
Lenders and hundreds of investors agreed on Monday to pay $231 million to end their decade-long legal fight over a clerical error in a $1.5 billion loan to General Motors that was administered by JPMorgan Chase & Co , according to court documents.
Amazon extends lead as top retail brand in Kantar/WPP survey
Amazon has almost doubled its brand value to $316 billion as it expands in areas like entertainment and smart speakers, while China’s Alibaba is now the world’s second most valuable retail brand, a survey showed on Tuesday.
Investors brace portfolios for longer U.S.-China trade war
Investors are losing faith that a U.S.-China trade deal could happen soon and are bracing their portfolios for a more prolonged battle that could hamper global growth.
Starbucks, Mercon announce separate sustainability loans
Starbucks and Mercon Coffee Group separately announced sustainability-focused loan facilities on Monday, signaling the coffee sector’s growing emphasis on sustainability as climate change and low global prices threaten the future of the crop.
Bitcoin tops $8,000 as it hits highest since July 2018
Bitcoin surged to more than $8,000 late on Monday, its highest level since July last year, as the cryptocurrency’s rally gained further momentum.
Trump says U.S. farmers to get $15 bln in aid amid China trade war
President Donald Trump said on Monday that his administration was planning to provide about $15 billion in aid to help U.S. farmers whose products may be targeted with tariffs by China in a deepening trade war.
USTR says China tariff list does not include pharmaceuticals
A list of products subject to possible U.S. tariffs on about $300 billion of Chinese imports will include cellphones and laptop computers but not pharmaceuticals and rare earth materials, the U.S. Trade Representative’s Office said on Monday.
