Shutdown is starting to hurt Trump’s financial deregulation agenda
The U.S. government shutdown over President Donald Trump’s call for Congress to fund a wall he promised to build on the U.S.- Mexican border is threatening another campaign pledge to make rules easier to navigate for banks and corporations.
Factbox: Some rule changes now on go-slow due to U.S. shutdown
The ongoing federal government shutdown is impeding efforts to advance several rule changes that aim to make life easier for financial institutions.
Hitachi freezes UK nuclear project as Brexit crisis deepens
Japan’s Hitachi Ltd decided on Thursday to freeze a 3 trillion yen ($28 billion) nuclear power project in Wales as Britain scrabbles for a way to exit the European Union, dealing a blow to UK plans for the replacement of aging plants.
Stocks turn red, pound finds some peace
Concern over China’s economic outlook and possible U.S. tariffs on European cars dragged stocks lower on Thursday, while an anti-climactic end to the latest chapter in the Brexit saga offered sterling a moment’s peace.
Siemens rules out further concessions to get Alstom deal approval: sources
Siemens will not make further concessions to save a rail merger deal with France’s Alstom even after European competition authorities demanded further concessions, sources familiar with the matter said.
Hitachi freezes British nuclear project, books $2.8 billion hit
Japan’s Hitachi Ltd said on Thursday it has decided to freeze a 3 trillion yen ($28 billion) British nuclear power project and will consequently book a writedown of 300 billion yen.
U.S. legislation steps up pressure on Huawei and ZTE, China calls it ‘hysteria’
A bipartisan group of U.S. lawmakers introduced bills on Wednesday that would ban the sale of U.S. chips or other components to Huawei Technologies Co Ltd [HWT.UL], ZTE Corp or other Chinese telecommunications companies that violate U.S. sanctions or e…
China calls proposed U.S. legislation against Huawei, ZTE ‘hysteria’
China’s Foreign Ministry said on Thursday that proposed U.S. legislation targeting Huawei, ZTE and other Chinese telecommunications equipment companies was due to “hysteria”, and urged U.S. lawmakers to stop the bills.
Trump tariffs force tough choices at U.S. auto suppliers
Bob Roth makes no bones about his feelings towards U.S. manufacturing.
China’s growth set to slow to 6.3 percent in 2019, more stimulus seen: Reuters poll
China’s economy is expected to cool further this year as domestic demand weakens and exports are hit by U.S. tariffs, a Reuters poll showed on Thursday, reinforcing views Beijing will need to roll out more stimulus measures.
