Wall Street higher after latest tariff moves
U.S. stocks rose on Tuesday led by the technology and consumer sectors, as investors judged the latest exchange of blows in a trade war with China less damaging than first feared.
EU to scrap lawsuit against Ireland after Apple pays back taxes
EU antitrust regulators plan to drop legal action against Ireland after iPhone maker Apple paid 13.1 billion euros ($15.3 billion) in back taxes following a regulatory order two years ago, the European Commission said on Tuesday.
China to penalize $60 billion of U.S. imports but reduce amount of tariffs it collects
China will levy tariffs on about $60 billion worth of U.S. goods in retaliation for the latest round of U.S. tariffs on Chinese products, as previously planned, but has reduced the level of tariffs that it will collect on the products.
China sets tariff on U.S. LNG just as exports ramp up
China has set a 10 percent tariff on imports of U.S. liquefied natural gas just as trade of the super-chilled fuel between the two nations started to ramp up and exports from new terminals on the U.S. Gulf Coast are poised to begin.
Apple CEO says optimistic on U.S.-China trade talks
Apple Inc Chief Executive Tim Cook, whose products have been spared from new U.S. tariffs imposed on Chinese goods, said on Tuesday he was optimistic that the United States and China will eventually work through their trade differences.
China says filed complaint to WTO against latest U.S. tariffs
China’s commerce ministry said on Tuesday that it has filed a complaint to the World Trade Organization against the United States’ planned import tariffs on $200 billion worth of Chinese goods.
Ferrari plans 15 new models, SUV to drive earnings growth
Ferrari plans to launch 15 new models, including hybrid cars, a utility vehicle and more special editions as part of its new chief executive’s efforts to double core earnings by 2022.
China hits back by levying tariffs on $60 billion of U.S. goods
China will levy tariffs on about $60 billion worth of U.S. goods in retaliation for new U.S tariffs, as previously planned, but has reduced the volume of tariffs that it will collect on the products.
Wall Street opens slightly higher as oil, tech resist tariff woes
U.S. stocks opened slightly higher on Tuesday, buoyed by a rise in oil prices and concessions that analysts said made the latest round of trade tariffs on China less damaging than initially feared.
Ireland collects disputed Apple taxes in full ahead of appeal
Ireland has fully recovered 13.1 billion euros in disputed taxes from Apple Inc plus interest of 1.2 billion which it will hold in an escrow fund pending its appeal against an EU tax ruling, Ireland’s finance minister said on Tuesday.
