Explainer: Who pays Trump’s tariffs, China or U.S. customers and companies?
U.S. President Donald Trump says China pays the tariffs he has imposed on $250 billion of Chinese exports to the United States but that is not exactly the way tariffs work.
Tyson Foods expects to profit from hog fever in China, warns it may hit U.S.
Tyson Foods Inc said on Monday that the U.S. meat processing industry could reap significant financial gains from a global shortfall in pork as an incurable hog disease spreads rapidly across Asia.
Healthcare, bullish bets dominate hedge-fund Sohn Investment Conference picks
Big-name hedge fund managers, including David Einhorn and Larry Robbins, pitched stock ideas ranging from airplane lessors to biotech companies that are working to extend the human lifespan at the Sohn Investment Conference in New York on Monday.
Oil bounces up on Iran concern after touching one-month low on trade tensions
Oil futures edged higher in volatile trade on Monday as rising tensions between the United States and Iran buoyed prices after they touched a one-month low following U.S. President Donald Trump’s threat that he may raise tariffs on Chinese goods.
Global stocks, yields fall as investors seek safety after Trump’s China tariff threats
Stocks around the world slid on Monday, along with bond yields, after U.S. President Donald Trump threatened to raise tariffs on China, triggering an investor exodus from risky assets.
Starbucks’ China rival Luckin seeks to raise up to $586.5 million in IPO
Luckin Coffee Inc, the Chinese challenger to Starbucks Corp, is looking to raise up to $586.5 million, its filing with the U.S. Securities and Exchange Commission on Monday showed.
Trump tariff threat leaves U.S.-China talks in limbo as markets fall
U.S. President Donald Trump’s escalation of a trade war with China left plans in limbo on Monday for high-level negotiations later this week to end the dispute.
Citi closes CitiCross ‘dark pool’ amid equities unit review
A unit of Citigroup Inc has shut down one of its private stock trading venues, often referred to as dark pools, as part of a broader review of the bank’s equities business, the bank said on Monday.
Morgan Stanley to shut down its Russian banking business in first quarter 2020
Morgan Stanley is planning to send a formal notice to the Russian central bank that it will close down its banking operations in the country in the first quarter of 2020, its Russian unit said in its annual report.
Japan’s SoftBank taps into Mexican fintech startup Clip: sources
Japan’s SoftBank Group invested about $20 million in Mexican payments startup Clip early this year, one of its first Latin America deals as it launches a $5 billion technology fund in the region, said three people familiar with the matter.
