U.S. exempts water filters, camera parts from China tariffs
The Trump administration on Monday announced that it will exempt a broad range of additional Chinese-made products from 25 percent U.S. tariffs, including industrial equipment, water filtering equipment, small electric motors, remote control devices a…
Wall Street shudders as U.S.-China trade war intensifies
Wall Street sank on Monday after China defied Washington by announcing retaliatory tariffs, the latest salvo in the two countries’ increasingly belligerent trade war, sending investors fleeing equities for less risky assets.
Billionaire Schwartz makes $2.6 billion bet on Canada’s WestJet Airlines
Billionaire Gerry Schwartz pounced on Canada’s WestJet Airlines on Monday as his private equity firm Onex Corp offered to buy the struggling airline for C$3.5 billion ($2.6 billion), betting it can turn around its recent decline by taking the company p…
Vodafone offloads NZ business to Brookfield, Infratil for $2.36 billion
Vodafone Group Plc said on Monday that it had agreed to sell its New Zealand business for about 2.1 billion euros ($2.36 billion) to a consortium comprising of New Zealand-based Infratil Ltd and Canada’s Brookfield Asset Management.
Stocks dive, yuan weakens as U.S.-China trade fight intensifies
Global stock markets tumbled on Monday and the Chinese yuan weakened to its lowest level since December as the trade war between the United States and China escalated.
Wall Street shudders as tariff war heats up
Wall Street shares sank on Monday after China defied Washington by announcing retaliatory tariffs, the latest salvo in the two countries’ increasingly belligerent trade dispute, sending investors fleeing equities for less risky assets.
Trump to meet Xi after defiant China slaps U.S. with new tariffs
U.S. President Donald Trump said on Monday he would meet with Chinese President Xi Jinping next month, as the trade war between the world’s two largest economies intensified, sending shivers through global markets.
Trump says U.S. farmers to get $15 billion 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.
Volkswagen to make batteries in Germany, slim down
Volkswagen will invest almost 1 billion euros ($1.1 billion) in battery cell production at a facility in western Germany and is seeking to simplify the group by spinning off or selling units, the automaker said on Monday.
In setback for Apple, U.S. Supreme Court lets App Store antitrust suit proceed
A divided U.S. Supreme Court on Monday gave the go-ahead to an antitrust lawsuit accusing Apple Inc of forcing consumers to overpay for iPhone software applications, a decision that could lead to billions of dollars in damages and put at risk the compa…
