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Made in USA: Trump calls on American firms to abandon China

7 hours ago DieselGasoil Comments Off on Made in USA: Trump calls on American firms to abandon China
By Ganesh Rao, business reporter President Donald Trump has furiously responded to China’s decision to impose new retaliatory tariffs on American goods. In a series of tweets, Mr Trump said he was ordering US companies to look at ways to close their operations in China and make more of their products in the United States Read More

Trump calls on U.S. firms to exit China as trade war escalates

7 hours ago DieselGasoil Comments Off on Trump calls on U.S. firms to exit China as trade war escalates
WASHINGTON/BEIJING (Reuters) – President Donald Trump on Friday pressured U.S. companies to leave China after Beijing unveiled retaliatory tariffs on $75 billion in U.S. goods, stoking fears their escalating trade war will tip the global economy into recession. FILE PHOTO: U.S. President Donald Trump and China’s President Xi Jinping pose for a photo ahead of Read More

China places first-time tariff on U.S. crude

9 hours ago DieselGasoil Comments Off on China places first-time tariff on U.S. crude
By Jessica Summers and Sheela Tobben on 8/23/2019 NEW YORK (Bloomberg) – Crude plunged to a two-week low after China announced tariffs on U.S. crude oil for the first time as the trade war between the world’s biggest economies escalated. Futures fell as much as 3.5% in New York on Friday, erasing this week’s gain. Read More

Trump furiously responds to China’s new retaliatory tariffs

10 hours ago DieselGasoil Comments Off on Trump furiously responds to China’s new retaliatory tariffs
By Ganesh Rao, business reporter President Donald Trump has furiously responded to China’s decision to impose new retaliatory tariffs on American goods. In a series of tweets, Mr Trump said he was ordering US companies to look at ways to close their operations in China and make more of their products in the United States Read More

Powell stops short of committing to rate cuts, and Trump fumes

10 hours ago DieselGasoil Comments Off on Powell stops short of committing to rate cuts, and Trump fumes
JACKSON HOLE, Wyo. (Reuters) – The Federal Reserve will “act as appropriate” to keep the U.S. economy healthy, Fed Chair Jerome Powell said on Friday, remarks that did not say how fast it might cut interest rates, drawing fire from President Donald Trump. FILE PHOTO: Federal Reserve Chair Jerome Powell holds a news conference following Read More

Oil sinks as China places first-time tariff on U.S. crude

10 hours ago DieselGasoil Comments Off on Oil sinks as China places first-time tariff on U.S. crude
By Jessica Summers and Sheela Tobben on 8/23/2019 NEW YORK (Bloomberg) – Crude plunged to a two-week low after China announced tariffs on U.S. crude oil for the first time as the trade war between the world’s biggest economies escalated. Futures fell as much as 3.5% in New York on Friday, erasing this week’s gain. Read More

China slaps retaliatory tariffs on $75bn of US goods

13 hours ago DieselGasoil Comments Off on China slaps retaliatory tariffs on $75bn of US goods
By Ganesh Rao, business reporter China is to hike tariffs on $75bn (£61bn) of US goods in the latest escalation of the trade war between the world’s two largest economies. Beijing says tariffs will rise by 5-10% on American goods and will begin to take effect on two batches of goods starting from 1 September Read More

As bond e-trading takes off, debt sales business may be ripe for automation

14 hours ago DieselGasoil Comments Off on As bond e-trading takes off, debt sales business may be ripe for automation
LONDON (Reuters) – With banks’ bond trading desks increasingly going electronic, another of the last bastions of old-school banking – the business of helping companies and countries raise capital – may be about to succumb to the tide of technology. FILE PHOTO: People walk through the Canary Wharf financial district of London, Britain, December 7, Read More

UBS taps BoE adviser van Steenis for sustainable finance, IR roles

18 hours ago DieselGasoil Comments Off on UBS taps BoE adviser van Steenis for sustainable finance, IR roles
FILE PHOTO: A man walks past a UBS logo projected on a screen in Singapore, January 14, 2019. REUTERS/Feline Lim/File Photo ZURICH (Reuters) – UBS Group (UBSG.S) has hired Huw van Steenis, a former senior adviser to Bank of England Governor Mark Carney, to head investor relations and a new sustainable finance committee at Switzerland’s Read More

Bang & Olufsen would listen if approached by buyer: chairman

19 hours ago DieselGasoil Comments Off on Bang & Olufsen would listen if approached by buyer: chairman
COPENHAGEN (Reuters) – Luxury TV and speaker maker Bang & Olufsen (BO.CO) would listen if approached by a buyer, chairman Ole Andersen told newspaper Borsen, following three earnings warnings this year. FILE PHOTO – The logo of consumer electronics company Bang & Olufsen is seen at a shop in Vienna, Austria, July 7, 2016. REUTERS/Heinz-Peter Read More