Donald Trump is expected to play golf at one of his courses in Scotland next week, a move that could cost the British taxpayer as much as £5 million ($6.6 million). The U.S. president makes his first official visit to the U.K. on July 13 when it is expected he will meet Queen Elizabeth II […]
Read moreCurrency, United States Finance
European stocks seen higher despite opening salvos in US-China trade war
European equities are expected to open higher Friday morning as investors monitor developments on the trade front as a deadline for tariffs from the U.S. and China passed overnight. The FTSE 100 is seen up by 34 points at 7,633; the DAX is set to start higher by 49 points; and the CAC 40 is […]
Read moreAs China exchanges retaliatory tariffs with the US, it may play 'tit-for-tat game at sea' with Tokyo
The world’s second-largest economy may retaliate following Tokyo’s decision to send a helicopter carrier to the South China Sea, potentially triggering a “tit-for-tat game at sea,” Chinese state media has warned. The Japanese vessel will patrol the disputed waterway and the Indian Ocean for two months beginning in September as part of Japan’s efforts to […]
Read moreAsian economies such as Taiwan, South Korea and Southeast Asia could be badly hit if trade tensions between the U.S. and China heat up further, experts have warned. The U.S. fired the first shot on Friday with tariffs on $34 billion worth of Chinese goods from 818 product categories. China has vowed to impose retaliatory […]
Read moreA trade war between the U.S. and China is about to start, and there will be probably be “escalation upon escalation,” warned Geoff Raby, Australia’s former ambassador to China. Ahead of the expected Friday implementation of American and Chinese tariffs, Raby told CNBC that “it looks like the first shots to the trade war are […]
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As Netflix and Amazon search for new users abroad, they are increasingly looking to India as a big market. Once crippled by poor internet infrastructure and low household income, the world’s second-largest internet market has exhibited tremendous potential in the recent years. It’s proving, however, to be a tough nut to crack for the American […]
Read moreA wave of Chinese tariffs on U.S. goods is set to come into effect Friday as trade tensions between the two countries continue to intensify. Those tariffs — which China has said will be levied against goods worth $34 billion — will in part target several major U.S. commodities, including soybeans, electric vehicles, seafood and […]
Read moreSamsung Electronics on Friday said its second-quarter operating profit likely rose 5.2 percent from a year earlier, missing analyst estimates. Its sluggish mobile business pressured strong margins from its chip sales, analysts have said. Samsung, in a regulatory filing, said April-June profit was likely 14.8 trillion won ($13.2 billion), below the 14.9 trillion won average […]
Read moreChinese smartphone maker Xiaomi is ready to put its business to the verdict of investors with an IPO in Hong Kong, but a disappointing pricing and a listing delay in mainland China are casting a cloud over its debut. Xiaomi, established only in 2010, is now the world’s fourth-largest smartphone manufacturer by producing low-priced devices […]
Read moreAsian stocks rose on the last trading day of the week, taking cues from Wall Street’s overnight advance. Meanwhile, investors braced for developments on the trade front as markets awaited tariffs from the U.S. and China to take effect later on Friday. The Nikkei 225 rose 0.81 percent in Tokyo as most sectors rebounded after […]
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