Japan’s Abe says Japanese auto imports are no threat to U.S. national security
Japan’s Prime Minister Shinzo Abe said on Friday imports of Japanese automobiles pose no threat to U.S. national security, vowing to convince President Donald Trump not to impose tariffs that could damage the global economy.
Wall Street opens lower on renewed trade war fears
U.S. stocks opened slightly lower on Friday as industrial stocks fell on worries of an escalation in trade war after President Donald Trump toughened his stance against China, but gains in Microsoft capped losses.
Trump threatens tariffs on all $500 billion of Chinese imports: CNBC
President Donald Trump said he was ready to impose tariffs on all $500 billion of goods the U.S. imports from China, remarks that sent financial markets retreating and threatened to escalate a trade clash with the Asian giant.
Factbox: Impact of trade tariffs on European companies
Some European companies are rethinking their strategies to cushion against the impact of trade tensions between the world’s two biggest economies, the United States and China.
AT&T reveals three more cities for 5G launch by end of year
AT&T Inc on Friday named Oklahoma City, Charlotte and Raleigh, North Carolina, as three more cities where it plans launch its next-generation wireless network, or 5G, by the end of the year.
Baker Hughes reports slight profit miss, delivers upbeat outlook
General Electric Co’s oilfield services arm Baker Hughes on Friday reported a slight profit miss on weaker sales in its oilfield equipment and turbomachinery businesses, sending the company’s shares down 2.4 percent.
Hyundai Motor reaches a tentative wage deal with South Korean union
Hyundai Motor on Friday reached a tentative wage deal with its South Korean labour union, a company spokesperson said.
Japan Inc to chase casino stakes as key law passes: industry insiders
Japanese firms are likely to pursue stakes in the country’s first casino resorts, after parliament on Friday enacted a law smoothing the way for large-scale gambling – a business expected to generate billions of dollars in revenue.
GE beats diminished profit expectations, trims cash flow target
U.S. industrial conglomerate General Electric Co reported a smaller-than-expected drop in quarterly profit on Friday as weakness in power and renewables energy offset gains in its aviation, oil and gas and healthcare units.
Stocks falter on yuan slide, new tariff threat
Global markets stalled on Friday after a U.S. threat to slap $500 billion of trade tariffs on China and more yuan weakness, with the dollar slipping and one major benchmark of world equities ekeing out limited gains.
