Friday, 17 May 2024

Business

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Signs Point to China Tariff Delay, but Decision Rests With Trump

New tariffs on over $100 billion of Chinese goods are due to take effect on Sunday, but the Trump administration is sending mixed signals on delaying them as the United States and China keep haggling over a trade deal. American officials have recently hinted in public remarks that President Trump could pause the new tariffs, […]

Mexican businesses focus on labor provisions as they pore over USMCA trade deal text

MEXICO CITY/WASHINGTON (Reuters) – Mexican business leaders on Wednesday began poring over texts of a new stricter trade deal with the United States and Canada, looking for details of how more intrusive enforcement of labor rules in Mexico would affect their operations. Moises Kalach, a leader of the CCE business lobby, which represented Mexico’s private […]

Drowning in uncertainty: Trade questions slow investment, squeeze profits across U.S.

WASHINGTON (Reuters) – From a denim plant in rural Georgia to a St. Paul, Minneapolis loudspeaker maker, nagging uncertainty over when President Donald Trump’s trade wars might end, if ever, is confounding many U.S. manufacturers. A strong consumer base is keeping the U.S. economy humming, but businesses are struggling to make crucial investment and hiring […]

France fines Morgan Stanley $22 million for bond manipulation

PARIS (Reuters) – France’s markets watchdog AMF said on Tuesday it had fined U.S bank Morgan Stanley (MS.N) 20 million euros ($22 million) for manipulation of sovereign bonds. AMF said the fine related to manipulating the price of 14 French government bonds (OAT) and 8 Belgian bonds (OLO) on June 16 2015, and also of […]

UK economy flatlines ahead of election, figures show

The UK economy is stagnating , according to the last official check ahead of the election. Figures published by the Office for National Statistics showed gross domestic product (GDP) was flat with no growth in the three months to October. This compared to the 0.3% recorded in the period to September. Commenting on the latest […]

Oil slips as weak China exports highlight trade war impact

NEW YORK (Reuters) – Oil prices fell on Monday after data showed Chinese exports declined for a fourth straight month, sending jitters through a market already concerned about damage to global demand by the trade war between Washington and Beijing. Brent futures LCOc1 settled down 14 cents, or 0.22%, at $64.25 per barrel, after gaining […]

GM loans $40 million to firm to acquire, retool shuttered Lordstown, Ohio, factory

WASHINGTON (Reuters) – General Motors Co (GM.N) confirmed on Monday it agreed to loan $40 million to an electric vehicle start-up to facilitate the acquisition of its shuttered Lordstown Assembly plant in Ohio. Lordstown Motors Corp, which is 10% owned by Workhorse Group Inc (WKHS.O), bought the plant and equipment for $20 million in November […]