GlaxoSmithKline considers break-up of the group: FT
GlaxoSmithKline Plc is considering a break-up of the group after investors pressed the company’s board to spin off its consumer division, the Financial Times reported on Friday.
Dollar drops on Trump criticism; U.S., Europe stocks tepid
The U.S. dollar weakened on Friday against key world currencies as President Donald Trump complained again about its strength, while U.S. and European stock markets were tepid amid fresh tariff talk and another round of corporate earnings.
U.S., European allies map out larger role for F-35 fighter
Lockheed Martin’s F-35 fighter jet is arriving in growing numbers in Europe, and is poised to play a much broader role in missile defense and other warfare plans than conventional fighters, according to U.S. and European officials.
U.S. lawmakers cut anti-ZTE measure from must-pass defense bill
U.S. lawmakers who reached an agreement on a must-pass defense bill cut from the legislation a measure that would have made it harder for the president to undo sanctions slapped on China’s ZTE Corp , a top Democrat in the Senate said on Friday.
Honeywell eyes supplier shift to avoid tariff hit
(This version of the July 20 story corrects paragraph 1 to say company will increase the use of supply chain sources from non-China countries, not start sourcing from countries other than China)
Trump threatens tariffs on all $500 billion of Chinese imports
U.S. President Donald Trump on Friday said he was ready to impose tariffs on all $500 billion of imported goods from China, threatening to escalate a clash over trade policy that has unnerved financial markets.
Lawmakers cut anti-ZTE measure from must-pass bill: source
U.S. lawmakers who reached an agreement on a must-pass defense bill cut from the legislation a measure that would have made it harder for the president to undo sanctions slapped on China’s ZTE Corp, a congressional source said on Friday.
U.S. carmakers expected to warn of tariff pain when releasing results
When Detroit’s automakers report earnings on Wednesday, they are likely to highlight escalating tariffs and use the opportunity to warn investors of far greater pain ahead should U.S. President Donald Trump impose broader tariffs on the industry’s vehi…
Over sorghum salad, U.S. farmers and Chinese buyers chew on trade
Chinese importers of the livestock feed sorghum feasted on tabbouleh salad and chipotle tortillas made with the U.S. grain at a Texas barbecue this week, as farmers try to woo buyers in the middle of an escalating U.S.-China trade war.
Deutsche to pay $75 million to settle ADRs abuses case, U.S. SEC says
The U.S. Securities and Exchange Commission said on Friday that Deutsche Bank has agreed to pay nearly $75 million to settle an investigation into the mishandling of pre-release American Depositary Receipts (ADR).
