Trump scraps trade privilege for India; Delhi plays down impact
U.S. President Donald Trump looked set to open a new front in his trade wars on Monday with a plan to end preferential trade treatment for India that allows duty-free entry for up to $5.6 billion worth of its exports to the United States.
Germany’s Volkswagen pays employees 4,750 euros bonus for 2018
German carmaker Volkswagen is to pay around 100,000 employees on collective wage deals a 2018 bonus of 4,750 euros ($5,400) each, the largest such payout since 2015 when they received 5,900 euros, a newsletter to staff said on Tuesday.
Dueling superminis distract from auto industry troubles
Two of Europe’s best-selling cars, the Renault Clio and Peugeot 208, go head-to-head at the Geneva motor show on Tuesday, as the auto market they dominate faces transformative pressures on its future profits and jobs.
Oil drops as China cuts economic growth target, but OPEC-led cuts support
Oil prices fell on Tuesday as China cut its 2019 economic growth target, dimming the outlook for fuel demand, although OPEC-led efforts to cut output still offered some support.
Belle International taps BAML for sportswear unit IPO after $6.8 billion buyout: sources
Chinese footwear retailer Belle International has hired Bank of America Merill Lynch (BAML) to help prepare for a Hong Kong listing of its sportswear business this year, said people with direct knowledge of the matter.
All about that bass: carmakers seek electric car sounds for post-petrol era
Carmakers are dreaming up futuristic electric car engine sounds to ensure that pedestrians can hear vehicles that lack audible cues like high-revving, howling combustion engines, senior executives at the Geneva car show said.
Japanese court grants bail for ex-Nissan chair Ghosn, prosecutors appeal
A Japanese court granted bail to ousted Nissan Motor Chairman Carlos Ghosn on Tuesday but prosecutors swiftly appealed the decision, delaying an immediate release of the once-feted executive after more than three months in jail.
India’s farm, marine exports to be hit by U.S. trade action: exporters’ body
India’s exports of farm, marine and handicraft products to the United States could be hit by U.S. plans to end a preferential trade treatment to the country in the next two months, an official at India’s main exporters’ body said on Tuesday.
India won’t discuss retaliatory duty with U.S.: trade official
(This version of the story corrects to say India won’t discuss retaliatory duty issue with U.S., not that India has no plan to impose retaliatory tariffs)
Trump to drop preferential trade treatment for India; Delhi plays down impact
U.S. President Donald Trump looked set to open a new front in his trade wars on Monday with a plan to end preferential trade treatment for India that allows duty-free entry for up to $5.6 billion worth of its exports to the United States.
