China hikes tariffs on U.S. goods after Trump warning
China said on Monday it would impose higher tariffs on most U.S. imports on a revised $60 billion target list, hitting back at a tariff hike by Washington on $200 billion of Chinese goods in a further escalation of a bitter trade war.
U.S.-Chinese tariffs seen cutting global growth by 0.15%: Societe Generale
The latest U.S. and Chinese round of planned tariffs on each other’s imports may reduce global economic growth by 0.15% and lower China’s gross domestic product by 0.5% and U.S. GDP by 0.25%, Societe Generale’s U.S. chief economist said on Monday.
Iran insists on ramping up oil sales to stay in nuclear pact: sources
Iran insists on exporting at least 1.5 million barrels per day (bpd) of oil, triple May’s expected levels under U.S. sanctions, as a condition for staying in an international nuclear deal, sources with knowledge of Iran-EU talks said.
China to impose tariffs on U.S. goods despite Trump warning
China said on Monday it would impose higher tariffs on a range of U.S. goods, striking back in its trade war with Washington shortly after U.S. President Donald Trump warned it not to retaliate.
Six Chinese firms banned from exporting sensitive U.S. goods
The U.S. Commerce Department said on Monday it added six Chinese technology firms, one Pakistani firm and five based in the United Arab Emirates to its list of entities that are banned from exporting sensitive U.S. technologies and other goods.
Uber shares fall for second day after ill-fated IPO; Lyft follows
Uber Technologies Inc shares were set to fall another 7% on Monday, doubling losses since its poorly-received Wall Street debut on Friday and raising more questions about investors’ faith in its ability to make profits.
Italian bank fund won’t plug whole of 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 close to a fund comprising the banks said on Monday.
Canada’s WestJet to be taken private in C$3.5 billion cash deal
Canada’s second biggest carrier WestJet Airlines Ltd on Monday accepted a C$3.53 billion ($2.63 billion) buyout offer from private equity fund Onex Corp, ending a two-month long strategic review.
Wall Street tumbles at open after China plans tariff retaliation
U.S. stocks fell sharply at the open on Monday after Beijing announced plans to retaliate with tariffs on U.S. goods, raising fears that another round of tit-for-tat measures could push the U.S. economy toward recession.
China hikes tariffs on most U.S. goods in $60 billion target list
China said on Monday it will adjust tariffs on a revised target list of $60 billion worth of U.S. imports, with additional rates of 20% to 25% in retaliation for a U.S. tariff hike on $200 billion worth of Chinese goods.
