Markets

by | May 24, 2019 | 01:09

The Trump administration last week ordered companies to stop selling USA technology to Huawei, calling the company a potential security threat that could use its telecom equipment to spy on other countries. Arm Holdings issued its statement after the BBC reported that the firm had told staffers to suspend dealings with Huawei. A Huawei spokesperson said: "We value our close relationships with our partners, but recognise the pressure some of them are under, as a result of politically ...

by | May 24, 2019 | 00:49

White House press secretary Sarah Sanders reacts to President Trump's comments following his meeting with Senate Minority Leader Chuck Schumer (D-NY) and House Speaker Nancy Pelosi (D-CA), who accused Trump of engaging in a cover-up beforehand.

by | May 24, 2019 | 00:42

World shares fell sharply on Thursday as concerns grew that the China-U.S. trade conflict was fast turning into a technology cold war. "For talks to be meaningful, however, there should be sincerity on either side", Foreign Ministry spokesperson Lu kang said at a press briefing, when asked about China's stance on the possibility of further trade talks .

by | May 24, 2019 | 00:40

ARM instructed its employees to stop all current contracts, pending work, and supervision with Huawei and its subsidiaries as a result of the USA trade ban . The worldwide version of the system could be ready in the first or second quarter of 2020, said Richard Yu, the head of the company's consumer business, told U.S.

by | May 22, 2019 | 00:40

Ren spoke to Chinese media days after President Donald Trump issued orders aimed at thwarting Huawei's business in the United States, the latest salvo in a months-long effort to stop the company's charge to the top of the leaderboard in next-generation 5G technology.

by | May 21, 2019 | 01:12

Ford announced Monday that they would be laying off about 500 white collar employees in the USA, mostly in Dearborn, with more cuts globally. Throughout the continuing elimination process this summer, 300 more job cuts will take place in the USA, for a total of 800 in the redesign process.

by | May 21, 2019 | 00:45

While Pai's backing is important, further steps remain. This news comes hours after FCC Chairman Ajit Pai publicly pledged his support for T-Mobile and Sprint's merger. Pai said Monday that the combination will help bring faster mobile broadband to rural Americans. "First, he hasn't done ONE thing that goes against the interests of the biggest mobile carriers".

by | May 18, 2019 | 03:59

The U.S. has also come to an agreement to lift its steel and aluminum tariffs on Mexico . "That has been a very important position for Canada". US President Donald Trump imposed a 25 percent tariff on steel imports and 10 percent one on imported aluminium.

by | May 16, 2019 | 02:00

Benchmark Brent crude prices remained around $71 a barrel in early trading Wednesday. Saudi Energy Minister Khalid al-Falih vowed the production and export of Saudi oil would not be interrupted. The Andrea Victory's managers, Thome Group, said the ship's hull had been pierced "after being struck by an unknown object on the waterline". President Donald Trump responded to news of the oil tanker bombings on Monday by threatening Iran with dire consequences for sabotage and terrorism.

by | May 16, 2019 | 01:58

Last year, Trump signed a bill that barred the USA government from using equipment from Huawei and China's ZTE Corp. Worse, the U.S. is also approaching other countries especially its allies to completely ban Huawei technologies. David Wang, Huawei's executive director, said on Wednesday that new United States restrictions on market access will have little impact on the tech giant's business prospects.

by | May 16, 2019 | 01:44

Investors have been dealing with creeping uncertainty since last week after President Donald Trump's decision to raise tariffs on Chinese goods. He said he saw his administration's trade efforts with China as a model for U.S. USA stocks, meanwhile, were positive at midday on Tuesday, with the Dow up 285 points, or 1.1%, and the S&P 500 rising almost 1.2%. "We're going to have to be nimble with our portfolios", said Meghan Shue, senior investment strategist at Wilmington Trust, which ...

by | May 15, 2019 | 00:18

White House economic adviser Larry Kudlow clarified that China does not "pay" tariffs imposed by the United States on billions of dollars of imported goods, but said "both sides will suffer". "The American worker is getting killed by this", former Vice President Joe Biden said Monday on WMUR, a New Hampshire radio station. "Both sides have the incentive to act half-crazy and unpredictable before that in order to cut a better deal", they said.

by | May 14, 2019 | 00:59

Apple's response: Because the App Store is a marketplace, Apple isn't responsible for how developers price their apps. Apple had argued that a Supreme Court ruling allowing the case to proceed could pose a threat to e-commerce, a rapidly expanding segment of the USA economy worth hundreds of billions of dollars in annual sales.

by | May 13, 2019 | 17:27

Speaking to the NBC News on Thursday, Ambassador Majid Takht Ravanchi rejected statements from the Trump administration that Tehran "posed a heightened danger to U.S. "During the war, we did not have a problem with our banks, oil sales or imports and exports - and there were only sanctions on arms purchases", said Rouhani.

by | May 13, 2019 | 17:22

The San Francisco-based company last raised private capital from Toyota Motor Corp in August at a valuation of about US$76 billion. That's well above first-day totals from Lyft (3 percent), Snap Inc (NYSE: SNAP ) (5 percent) and LinkedIn (5 percent), but below Alibaba Group Holding Ltd (NYSE: BABA ) (13 percent) and record-holder Facebook Inc (NASDAQ: FB) (22 percent).

by | May 13, 2019 | 17:03

The trade war between the world's top two economies escalated on Friday, with the United States hiking tariffs on $US200 billion ($A286 billion) worth of Chinese goods. 'Many Tariffed companies will be leaving China for Vietnam and other such countries in Asia. "The U.S. -instigated trade war against China is just a hurdle in China's development process".

by | May 12, 2019 | 00:36

In an attempt to address the problem, Party City says they have signed a contract with a new source to help secure additional quantities of helium for the next 2.5 years. Other party stores told the news outlet that they had run out of helium and were not taking any further orders. But despite the importance of helium, the US will stop distributing it by 2021, according to the bureau.

by | May 12, 2019 | 00:32

The latest increase extends 25 percent duties to a total of $250 billion of Chinese imports, including $50 billion worth that were already being taxed at 25 percent. "Looking from the market situation, the tariffs Trump imposed [on Chinese goods] will eventually come through in wholesale and retail prices in the United States".

by | May 11, 2019 | 01:57

Uber last raised money from Toyota Motor Corp.in August at a valuation of about US$76 billion. The stock slumped as USA equities extended losses, leaving the S&P 500 poised for its biggest weekly drop this year as trade tensions between the USA and China dominated global politics and President Trump boosted tariffs on US$200 billion in goods from China.

by | May 10, 2019 | 12:29

Later he quoted Xi as saying in the letter: "Let's work together let's see if we can get something done". He also said he would go further and slap 25 percent tariffs on another $325 billion in Chinese imports , covering everything China sells in the United States.