U.S. President Donald Trump, responding to a surge of illegal immigrants across the southern border, vowed on Thursday to impose a tariff on all goods coming from Mexico, starting at 5% and ratcheting much higher until the flow of people ceases.
Shares of major Asian automakers and suppliers tumbled on Friday after U.S. President Donald Trump threatened to slap tariffs on imports from Mexico from next month, potentially upending a decades-old business model of global manufacturers.
U.S. stock futures slid and sovereign bonds surged on Friday as investors feared President Donald Trump's shock threat of tariffs on Mexico risked tipping the United States, and maybe the whole world, into recession.
Shanghai wine importer Alex Chen has spent the last 10 days moving all his American wines - from chardonnays to zinfandels - out of warehouses in the city's free trade zone before they are hit with an extra tariff that kicks in on Saturday.
U.S. President Donald Trump said on Thursday a tariff of 5% would be imposed on all goods coming from Mexico, increasing gradually each month until reaching 25% on Oct. 1, unless Mexico takes immediate action to curb illegal immigration.
Fiat Chrysler Chief Executive Mike Manley sold shares in the car maker for $3.46 million on May 28, the day after the announcement of a merger proposal to French rival Renault, a regulatory filing showed.
KKR & Co has appointed former Australian Prime Minister Malcolm Turnbull as a global senior advisor, the global investment firm told Reuters on Friday.
It should have been a good day for Mexico's veteran point man for trade with the rest of North America.
Ireland's Supreme Court on Friday dismissed a bid by Facebook to block a landmark privacy case, regarding the transfer of EU users' data to the United States, being referred to Europe's top court.
(This May 30 story Amends reference to Greyhound in second paragaph to "largest")
Japan's Mitsubishi UFJ Financial Group is offering voluntary redundancy packages to 500 managing directors and directors in its London office, a source familiar with the matter said on Friday.
European stocks tumble and sovereign bonds surged on Friday as investors feared President Donald Trump's shock threat of tariffs on Mexico risked tipping the United States into recession while disappointing China data added to the woes.
In its 3rd edition, Viva Technology, the Paris technology innovation show gathered more than 124,000 attendees from 125 nationalities, a 24% increase over last year. French President Emmanuel Macron, Canada’s Prime Minister Justin Trudeau, and Alibaba’s founder and CEO Jack Ma were among the 450... Read More
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After President Donald Trump announced higher tariffs on Chinese imports earlier this month, Francis O'Brien slapped a new 4% fee on every item of furniture he sells.
Regulators need to step up risk assessments of the cryptocurrency sector as current rules are patchy, and quick technological change may lead to gaps in policies on digital money, the global financial stability watchdog said.