China commerce ministry: U.S. is unpredictable, U.S. workers to be hurt ultimately
BEIJING (Reuters) – China’s commerce ministry on Thursday accused the United States of being temperamental over bilateral trade issues, and warned that the interests of U.S. workers and farmers ultimately will be hurt.
Asian shares edge ahead, oil subdued before OPEC meeting
SYDNEY (Reuters) – Asian shares crept ahead on Thursday as a lull in the Sino-U.S. trade tussle and talk of more Chinese stimulus helped calm nerves, while tensions in the oil market grew ahead of an OPEC meeting that could expand the supply of crude.
China could strike back at Dow-listed firms over trade: Global Times
BEIJING (Reuters) – China could hit back at U.S. firms listed on the Dow Jones Industrial Average if U.S. President Donald Trump keeps exacerbating tensions with China over trade, state-controlled Chinese tabloid The Global Times said on Thursday.
Asian shares subdued amid lull in trade spat, oil eases into OPEC
SYDNEY (Reuters) – Asian shares were subdued on Thursday as a lull in the Sino-U.S. trade tussle helped calm nerves enough for the Nasdaq to reach a record high, while tensions in the oil market grew ahead of an OPEC meeting that may expand crude suppl…
Boeing says Export-Import Bank vital to U.S. growth
(Reuters) – Restoring the U.S. Export-Import Bank’s full lending powers is vital to the country’s economic growth and to shrinking trade deficits, planemaker Boeing Co said on Wednesday after President Donald Trump nominated Kimberly Reed as the trade bank’s president.
Exclusive: Toyota, pressed to innovate, is cutting marketing costs to fuel research
BEIJING (Reuters) – Toyota has begun slashing costs, starting with sales and marketing, and shifting resources into research that will help it keep up with new competitors, four people familiar with the matter said.
Daimler sees lower 2018 profit, blames trade war, emissions clamp-down
FRANKFURT (Reuters) – Daimler on Wednesday said profit would fall in 2018 as new import tariffs on cars exported from the United States to China would hurt sales of high-margin Mercedes-Benz sports utility vehicles.
Micron’s quarterly results, forecasts beat on higher chip demand
(Reuters) – Micron Technology Inc’s third-quarter profit and current-quarter forecasts beat Street’s expectations, as the chipmaker benefited from a strong demand for its memory chips used in computers and smartphones amid tight supply.
Volvo Cars CEO says auto tariffs threaten jobs at new U.S. plant
BERKELEY COUNTY, South Carolina (Reuters – Chinese-owned Volvo Cars opened a new auto factory in South Carolina on Wednesday as company executives warned that the U.S.-China trade dispute could undermine plans to create up to 4,000 more auto jobs in th…
Short-sellers sense an opportunity as China trade tensions brew
NEW YORK (Reuters) – Escalating trade tensions between Washington and Beijing may have sent tremors across the U.S. stock market but short-sellers are taking the opportunity to boost bearish bets against U.S. companies exposed to a full-blown trade war…
