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Key dates in the U.S.-China trade war

4 hours ago DieselGasoil Comments Off on Key dates in the U.S.-China trade war
(Reuters) – Hopes for settlement of the yearlong U.S.-China trade war dimmed further on Friday as China said it will slap retaliatory tariffs on about $75 billion worth of U.S. goods, the latest escalation in the dispute between the world’s two largest economies. FILE PHOTO: Containers are seen at the Yangshan Deep Water Port in Read More

US to raise tariffs on $550 billion of Chinese imports by 5 percentage points: Trump

4 hours ago DieselGasoil Comments Off on US to raise tariffs on $550 billion of Chinese imports by 5 percentage points: Trump
Washington — The US will raise the tariff on $250 billion worth of Chinese imports from 25% to 30% on October 1, and raise the current 10% tariff on another $300 billion of Chinese imports to 15% on September 1, President Trump tweeted late Friday. Not registered? Receive daily email alerts, subscriber notes & personalize Read More

Oil declines as China plans tariffs on imported US crude, escalating trade fight

6 hours ago DieselGasoil Comments Off on Oil declines as China plans tariffs on imported US crude, escalating trade fight
New York — Oil settled lower Friday amid renewed concerns that spiraling US-China trade tensions could blunt global energy demand growth. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now NYMEX October WTI settled down $1.18 at $54.17/b, and ICE October Brent was 58 cents lower on the day at Read More

Powell: Fed to act as appropriate to keep expansion going

12 hours ago DieselGasoil Comments Off on Powell: Fed to act as appropriate to keep expansion going
(Reuters) – The U.S. economy is in a “favorable place” and the Federal Reserve will “act as appropriate” to keep the current economic expansion on track, Fed chair Jerome Powell said on Friday in remarks that gave few clues about whether the central bank will cut interest rates at its next meeting or not. FILE Read More

Russia starts sales of ‘Putin limousine’, eyes Chinese market

14 hours ago DieselGasoil Comments Off on Russia starts sales of ‘Putin limousine’, eyes Chinese market
MOSCOW (Reuters) – Russia opened a showroom on Friday selling its first post-Soviet luxury limousine under the Aurus brand, a type of car used by President Vladimir Putin at his inauguration last year. A view shows the logo of Russia’s very first luxury car brand Aurus during a ceremony to launch the sales of the Read More

Huawei says U.S. curbs to cut smartphone unit’s revenue by over $10 billion

14 hours ago DieselGasoil Comments Off on Huawei says U.S. curbs to cut smartphone unit’s revenue by over $10 billion
HONG KONG/SHANGHAI (Reuters) – Chinese technology giant Huawei said on Friday the impact of U.S. trade restrictions on its business will be less than what it initially feared, though the curbs could push its smartphone unit’s revenue lower by about $10 billion this year. People visit a newly opened Huawei store in Xian, Shaanxi province, 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

Thyssenkrupp, Kloeckner in talks over co-operation in materials trading: sources

17 hours ago DieselGasoil Comments Off on Thyssenkrupp, Kloeckner in talks over co-operation in materials trading: sources
FRANKFURT (Reuters) – Thyssenkrupp (TKAG.DE) is in talks with Kloeckner & Co (KCOGn.DE) over future cooperation in materials trading, but is not exploring a near-term takeover of the metals firm, three people familiar with the matter said. FILE PHOTO: A logo of Thyssenkrupp AG is pictured at the company’s headquarters in Essen, Germany, November 21, 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