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Trump: U.S. agrees to delay tariff hike on some Chinese goods by two weeks

U.S. President Donald Trump said on Wednesday the United States has agreed to delay increasing tariffs on $250 billion worth of Chinese imports from Oct. 1 to Oct. 15 "as a gesture of good will."



6 years ago

Top U.S. trade official submits USMCA ideas to Democrats: lawmakers

The Trump administration on Wednesday sent U.S. House of Representatives Democrats its latest proposals for addressing legislators' concerns about the new U.S.-Mexico-Canada trade deal, lawmakers and congressional sources said.



6 years ago

Harley Davidson to lay off 40 employees in Wisconsin

Harley-Davidson Inc has laid off 40 employees at its general merchandise division in Milwaukee as part of a restructuring exercise, according to a company official with knowledge of the matter.



6 years ago

Oracle CEO Mark Hurd takes medical leave; first-quarter revenue misses

Oracle Corp said on Wednesday Chief Executive Officer Mark Hurd would be taking a medical leave, and the business software maker posted first-quarter revenue that missed Wall Street expectations.



6 years ago

Trump rules out for now cutting capital-gains taxes

U.S. President Donald Trump has ruled out for now slashing taxes on capital gains after a meeting with his advisers, a White House spokesman said on Wednesday.



6 years ago

Asian stocks rise on hopes for U.S.-China trade, monetary stimulus

Asian stocks rose on Thursday on hopes for a thaw in U.S.-China trade frictions and expectations that the European Central Bank will kick off another wave of monetary easing by global central banks.



6 years ago

U.S., China grant trade concessions ahead of fresh talks

U.S. President Donald Trump on Wednesday welcomed China's decision to exempt some U.S. anti-cancer drugs and other goods from its tariffs and announced a delay to scheduled tariff hikes on billions worth of Chinese goods.



6 years ago

U.S. judge approves novel framework for opioid settlement talks

A federal judge on Wednesday approved the substance of a proposal by lawyers representing cities and counties suing drug companies over the U.S. opioid epidemic that would bring every state and municipality in the country into their settlement talks.



6 years ago

GE begins divestment of Baker Hughes with $2.7 billion share sale

General Electric Co (GE) on Wednesday said it plans to reduce its ownership in oil and gas company Baker Hughes A GE Co to 38.4% from 50.4% at June-end, and aims to raise $2.7 billion in the process.



6 years ago

Hong Kong exchange set to fall 3.3% after $39 billion takeover bid for LSE

Shares of Hong Kong Exchanges and Clearing Ltd (HKEX) were set to fall 3.3% on Thursday after the bourse unveiled a $39 billion takeover approach to the London Stock Exchange Plc (LSE) on Wednesday.



6 years ago

Cathay Pacific freezes new hiring, to focus on cost cuts: memo

Cathay Pacific Airways Ltd has put a freeze on new hiring, according to an internal memo seen by Reuters, as the airline battles a slump in demand from fliers avoiding Hong Kong amid massive anti-government protests in the city.



6 years ago

Asian stocks hit six-week high on trade war hopes ahead of ECB

Asian stocks hit a six-week high on Thursday on hopes for a thaw in U.S.-China trade frictions and expectations that the European Central Bank would kick off another wave of monetary easing by global central banks.



6 years ago

U.S., China grant trade concessions as fresh talks loom

U.S. President Donald Trump on Wednesday welcomed China's decision to exempt some U.S. anti-cancer drugs and other goods from its tariffs and announced a short delay to scheduled tariff hikes on billions worth of Chinese goods.



6 years ago

Hong Kong exchange falls over 3% after $39 billion takeover bid for LSE

Hong Kong Exchanges and Clearing Ltd (HKEX) shares fell more than 3% on Thursday after the bourse unveiled a $39 billion takeover approach to the London Stock Exchange Plc (LSE) on Wednesday.



6 years ago

Explainer: Advertising executives point to five ways Google stifles business

U.S. authorities investigating Alphabet Inc's Google for anticompetitive behavior have recently begun probing the company's $116 billion-a-year advertising business.



6 years ago