Trump ‘happy’ to keep tariffs on Chinese goods; Beijing threatens retaliation
U.S. President Donald Trump said on Wednesday he would be happy to keep tariffs on Chinese imports, prompting Beijing to threaten retaliation, as the world’s two largest economies prepared to resume talks to end a trade war that has roiled global suppl…
Daimler CEO says successor will have tough job
Daimler’s next chief executive will have a tough job to restore margins at Mercedes-Benz, current boss Dieter Zetsche told Reuters on Wednesday, as Mercedes-Benz launched a new luxury electric car to rival Tesla.
Adidas extends sponsorship of Real Madrid until 2028
Adidas will extend its sponsorship of Spanish soccer side Real Madrid until 2028, the German sportswear firm said on Wednesday, as it battles fierce competition in Europe from Nike and a resurgent Puma.
Huawei CFO Meng arrives in Canada court for pre-extradition hearing
Huawei Chief Financial Officer Meng Wanzhou arrived in a Canadian courtroom on Wednesday to begin what is expected to be a long legal battle against the United States’ request that she be extradited to face fraud charges.
GE CEO expects weaker quarters for rest of 2019, higher China tariff costs
General Electric Co Chief Executive Larry Culp said on Wednesday that the company will likely have weaker quarters for the rest of the year after a surprisingly good start in the first quarter.
Under pressure from Trump to save jobs, GM acts in Canada, Ohio
Under political pressure not to cut jobs, General Motors Co announced on Wednesday it was in talks to sell its Lordstown, Ohio, plant to an electric truck-building company and also said it would maintain some operations at a Canadian factory.
U.S. says no more sanctions waivers for Iran oil purchases
The United States will not grant any more waivers to any countries that would allow them to buy Iranian oil without facing U.S. sanctions, a senior U.S. diplomat said on Wednesday.
Wall St. struggles to hold on to gains ahead of pivotal trade talks
U.S. stocks flitted between gains and losses on Wednesday, as investors assessed the latest developments on trade, ahead of a crucial round of talks between the United States and China.
GE CEO expects weaker quarters after ‘good start’ to year, higher China tariff costs
General Electric Co Chief Executive Larry Culp said on Wednesday the company will likely have weaker quarters the rest of the year after a surprisingly good start in the first quarter.
China to retaliate if U.S. raises tariffs as planned: commerce ministry
China’s commerce ministry said on Wednesday it would take retaliatory measures if Washington went ahead with a plan to raise tariffs on Chinese imports on Friday.
