China on Wednesday moved to exempt 16 types of U.S. products from additional retaliatory tariffs, including whey and fish meal, which are fed to animals, and some lubricants, according to a statement from the Ministry of Finance.
China's Great Wall Motor may consider building car manufacturing facilities in the European Union once its sales there hit 50,000 units a year, its chairman said, as part of a push to seek growth in overseas markets.
Chinese suppliers and manufacturers have stepped up their presence at the Frankfurt auto show, capitalizing on a shift toward electric cars forced on German carmakers by regulators seeking to curb pollution.
Facebook's Libra cryptocurrency project is seeking a Swiss payment system license, financial watchdog FINMA said on Wednesday, noting the breadth of the planned services would require broad oversight.
China announced exemptions for 16 types of U.S. products from additional retaliatory duties, in a move that comes as trade negotiators from the two countries prepare to meet later this month to try and de-escalate their protracted tariff row.
Airbus has ordered checks on three types of helicopters following a fatal crash in Norway, Norwegian authorities said on Wednesday.
Chinese suppliers and manufacturers have stepped up their presence at the Frankfurt auto show, capitalizing on a strong position in electric technologies forced on European carmakers by regulators seeking to curb pollution.
The Hong Kong Exchanges and Clearing Limited has proposed a 31.6 billion pound ($39 billion) takeover of the London Stock Exchange , it said on Wednesday, just weeks after the London bourse announced a plan to merge with data company Refinitiv.
Apple Inc's new, lower priced iPhone that comes with a faster processor but lacks 5G technology disappointed Asia, where cheaper and feature-packed handsets from rivals are already available.
World stocks rose for the sixth straight day on Wednesday and bond prices fell as investors continued to unwind safety bets, encouraged by hopes of a resolution to the Sino-U.S. trade standoff and signs Europe may be preparing to ease budget spending rules.
Hong Kong Exchanges and Clearing has made an unsolicited $39 billion takeover bid for the London Stock Exchange , an offer contingent on the LSE ditching its acquisition of data company Refinitiv.
U.S. President Donald Trump on Wednesday said the Federal Reserve should lower U.S. interest rates to "zero or less" to help "refinance our debt" with lower interest costs and a longer term, and blamed the central bank's chief for missing a "once in a lifetime opportunity."
U.S. stock index futures were largely flat on Wednesday as easing trade tensions with China did little to sway investors, who are refraining from making heavy bets ahead of the Federal Reserve's decision on interest rates next week.
Shares of Costco fell after Oppenheimer downgraded the stock to perform from outperform, citing record valuation.
The market is rotating. Value is back. Momentum is out. Cyclicals rule. Defensives are so August.