Stocks, oil prices slide on trade war worries
Concerns about an escalating U.S.-China trade war made markets topsy-turvy on Wednesday, with U.S. stocks breaking a four-session winning streak and Brent crude prices seeing their biggest one-day drop in two years.
Chipmaker Broadcom nears $19 billion deal to buy software company CA: sources
Broadcom Inc is nearing a roughly $19 billion deal to acquire U.S. business software company CA Inc, in a bid to diversify its technology offerings beyond semiconductors, people familiar with the matter said on Wednesday.
China’s ZTE clears hurdle to lifting U.S. ban
The United States said on Wednesday that it signed an agreement with ZTE Corp that paves the way for the Chinese tech company to resume operations after a nearly three-month ban on doing business with American suppliers.
Wall Street snaps gain streak as trade threat weighs
U.S. stocks fell on Wednesday, breaking a four-session streak of gains after Washington’s threat to impose tariffs on an additional $200 billion worth of Chinese goods fanned trade war fears, while a sharp drop in oil prices hit energy shares.
Stocks slide on trade war worries; oil, metals fall
U.S. stocks extended losses on Wednesday, set to snap their four-day winning streak, and metals prices slumped as U.S. threats of tariffs on an additional $200 billion worth of Chinese goods pushed the world’s two biggest economies closer to a full-sca…
China vows to hit back over U.S. proposal for fresh tariffs
China accused the United States of bullying and warned it would hit back after the Trump administration raised the stakes in their trade dispute, threatening 10 percent tariffs on $200 billion of Chinese goods in a move that rattled global markets.
Crude oil benchmark Brent sees biggest one-day fall in two years
Global benchmark Brent crude oil had its biggest one-day drop in two years on Wednesday as escalating U.S.-China trade tensions threatened to hurt oil demand, and news that Libya would reopen its ports raised expectations of growing supply.
Dollar hits 6-month high against yen as trade fears trumped
The U.S. dollar strengthened on Wednesday as the market put aside trade tension fears and focused on the Labor Department’s expectation-beating inflation report, which increased prospects that the Federal Reserve will raise interest rates another two t…
Brazil prosecutors allege jailed GE executive helped company partake in medical cartel
General Electric Co’s chief executive for Latin America took part in a medical equipment price-fixing scheme while at the conglomerate, making it a member of an international health-care cartel, according to allegations in a document filed by federal …
Exclusive: U.S. clears hurdle to lifting ban on China’s ZTE
The United States signed an agreement with ZTE Corp that paves the way for the Chinese tech company to resume operations after a nearly three-month old ban on doing business with American suppliers, the U.S. Commerce Department said on Wednesday.
