China to slap tariffs on U.S. goods despite Trump warning
China said on Monday it would impose higher tariffs on a range of U.S. goods including frozen vegetables and liquefied natural gas, striking back in its trade war with Washington after U.S. President Donald Trump warned it not to.
Global stocks, yuan tumble as U.S.-China trade dispute escalates
Global stocks tumbled on Monday and the Chinese yuan fell to its lowest level since December as a trade dispute between the United States and China escalated.
Deutsche Bank talks with UBS on asset management deal stall: sources
Talks have stalled between Deutsche Bank and UBS on a tie up of their asset management businesses due to differences over who would control the combined entity, people familiar with the matter said.
U.S. liquefied natural gas shipments to China face mounting tariffs
China said on Monday it would raise tariffs on liquefied natural gas (LNG) imports from the United States amid a series of additional levies, a move that could further reduce U.S. LNG shipments to the world’s fastest growing importer of the fuel.
Six Chinese entities banned from exporting sensitive U.S. goods
The U.S. Commerce Department said on Monday it banned six Chinese technology entities, one Pakistani firm and five based in the United Arab Emirates from exporting sensitive U.S. technologies and other goods.
Uber shares fall for second day after ill-fated IPO
Uber Technologies Inc’s shares fell as much as 10% on Monday, more than doubling their losses since the ride-hailing giant’s poorly received Wall Street debut on Friday and raising more questions about investors’ faith in its ability to make profits.
U.S. Supreme Court allows App Store antitrust suit against Apple
The U.S. Supreme Court on Monday gave the go-ahead for a lawsuit by consumers accusing Apple Inc of monopolizing the market for iPhone software applications and forcing them to overpay, rejecting the company’s bid to escape claims that its practices vi…
Ray-ban owner EssilorLuxottica draws line under Franco-Italian feud
EssilorLuxottica declared an end to a feud between its French and Italian partners on Monday, saying it would drop all legal proceedings and focus on integrating the eyewear group formed by last year’s 54 billion euro ($61 billion) merger.
Italian bank fund won’t plug entire Carige capital hole: sources
Italian banks will not step in to plug a capital shortfall at regional lender Banca Carige after U.S. fund manager BlackRock pulled out of a planned rescue bid, sources said, making a state bailout for the bank more likely.
Buyout firm Onex to acquire Canada’s WestJet for $2.6 billion in cash
Canada’s second-biggest carrier WestJet Airlines Ltd on Monday accepted a C$3.53 billion ($2.63 billion) cash buyout offer from private equity fund Onex Corp, ending a two-month long strategic review.
