China blames U.S. for ‘largest-scale trade war’ as tariffs kick in
The United States and China slapped tit-for-tat duties on $34 billion worth of each other’s imports on Friday, with Beijing accusing Washington of triggering the “largest-scale trade war” as the world’s two biggest economies sharply escalated their con…
Tariffs on U.S.-made models to force BMW price hikes in China
German luxury automaker BMW said on Friday that it will be unable to “completely absorb” a new Chinese 25 percent tariff on imported U.S.-made models and will have to raise prices on the vehicles it makes in Spartanburg, South Carolina.
Opel and employees agree on German investments and job protections
German carmaker Opel said on Friday it has reached an agreement with workers on investments in German sites and job protection measures.
Wall Street opens flat after strong U.S. jobs data
Stronger-than-expected U.S. job growth data in June helped Wall Street open flat on Friday, providing some relief to investors concerned about trade wars after the United States and China slapped tariffs on each other’s goods worth $34 billion.
U.S. job growth strong; unemployment rate rises to 4 percent
U.S. job growth increased more than expected in June as manufacturers stepped up hiring, but steady wage gains pointed to moderate inflation pressures that should keep the Federal Reserve on a path of gradual interest rate increases.
Instant View: U.S. June payrolls gain more than expected
U.S. job growth increased more than expected in June as manufacturers stepped up hiring, but steady wage gains pointed to moderate inflation pressures that should keep the Federal Reserve on a path of gradual interest rate increases.
Thyssenkrupp board to seek new CEO after Hiesinger quits
Thyssenkrupp will take its time to replace Chief Executive Heinrich Hiesinger after his resignation, dampening hopes of a speedy restructuring or even a break-up of the German industrial group.
Dollar slides after U.S. nonfarm payrolls report
The dollar fell on Friday after data showed the U.S. economy created more jobs than expected in June, but a closely-watched inflation gauge — wage growth — rose less than forecast, while the unemployment rate increased.
China blames U.S. for ‘largest-scale trade war’
The United States and China slapped tit-for-tat duties on $34 billion worth of each other’s imports on Friday, with Beijing accusing Washington of triggering the “largest-scale trade war” as the world’s two biggest economies sharply escalated their con…
Oil slips below $77, weighed down by Saudi output boost, trade tensions
Oil slipped below $77 a barrel on Friday, under pressure as higher Saudi production and trade tensions between the United States and China offset support from oil supply disruptions.
