HONG KONG (Reuters) – KKR & Co has appointed former Australian Prime Minister Malcolm Turnbull as a global senior advisor, the global investment firm told Reuters on Friday. FILE PHOTO: Australian Prime Minister Malcolm Turnbull gestures during a joint news conference with U.S. President Donald Trump (not pictured) at the White House…
Month: May 2019
Stocks shaken, bonds surge as Trump risks recession
SYDNEY (Reuters) – 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. FILE PHOTO: A man looks at an electronic board showing the Nikkei stock index outside…
Mexico central bank board member says this is ‘game changer’ after U.S. tariff threat
MEXICO CITY (Reuters) – Mexican central bank board member Jonathan Heath said on Twitter Thursday night “this is a game changer,” after U.S. President Donald Trump vowed to impose a tariff on all goods coming from Mexico if the flow of illegal immigrants across the southern border is not stopped. Reporting by…
Factbox: Auto, other industries’ manufacturing presence in Mexico
(Reuters) – 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. The GM logo is seen at the General Motors Assembly Plant…
‘America First is a fallacy,’ Mexico’s president responds to Trump tariff
Mexico’s President Andres Manuel Lopez Obrador speaks to the media during a news conference, at the National Palace in Mexico City, Mexico, May 21, 2019. REUTERS/Henry Romero MEXICO CITY (Reuters) – “America First is a fallacy,” Mexican President Andres Manuel Lopez Obrador told U.S. President Donald Trump in a letter on Thursday,…
Hard for Xi, Trump to make progress on trade: former China central bank chief
BEIJING (Reuters) – China’s President Xi Jinping and U.S. President Donald Trump are likely to find it “difficult” to make major progress toward ending their countries’ trade war when they meet at a G20 summit in Japan in June, a former top Chinese official said on Friday. Containers are seen at a…
FCA CEO Manley sold shares for $3.5 million this week to cover personal expense
CEO of Fiat Chrysler Automobiles (FCA) Mike Manley attends the North American International Auto Show in Detroit, Michigan, U.S., January 14, 2019. REUTERS/Rebecca Cook MILAN (Reuters) – 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…
Trump vows rapid, high tariffs on Mexico unless illegal immigration ends
WASHINGTON/MEXICO CITY (Reuters) – 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. Trump’s move dramatically escalates his battle to…
U.S., China firms scramble as new tariffs hurt business
SHANGHAI/LOS ANGELES (Reuters) – 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. FILE PHOTO: Employees work…
Automakers tremble in Asia as Trump threatens Mexico tariffs
TOKYO (Reuters) – 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. FILE PHOTO: A Toyota logo is displayed at the 89th Geneva International Motor Show…
How to Write a Blog Post That Gets 304,392 New Visitors (SEO Case Study)
What do you need to do to write a blog post that attracts a ton of traffic? That’s exactly what I’m going to show you today. My blog post about “backlinks” has attracted 304,392 new visitors since I originally published it back January of 2016. 265,992 of those users are from organic…
Taking aim at U.S., China says provoking trade disputes is ‘naked economic terrorism’
BEIJING (Reuters) – Provoking trade disputes is “naked economic terrorism”, a senior Chinese diplomat said on Thursday, ramping up the rhetoric against the United States amid a bitter trade war that is showing no signs of ending soon. A worker cycles past containers outside a logistics center near Tianjin Port, in northern…
Bump in the night: FX flash crashes put regulators on alert
LONDON/NEW YORK (Reuters) – The increasing frequency of flash crashes in the $5.1 trillion-a-day foreign exchange market has regulators scrambling for answers. FILE PHOTO: A currency dealer works in front of electronic boards showing the Korea Composite Stock Price Index (KOSPI) (C), the exchange rates between the Chinese yuan and South Korean…
China to continue anti-dumping levies on tetrachloroethylene from EU, U.S.
BEIJING (Reuters) – China’s commerce ministry said on Thursday it would keep levying anti-dumping tax on tetrachloroethylene imported from the European Union and United States until May 30, 2020, while it reviews domestic requests to extend the duties. The investigation resulted from a March request by domestic manufacturers of the chemical. The ministry…
Exxon shareholders reject resolutions on climate and splitting CEO, chairman roles
DALLAS (Reuters) – Exxon Mobil Corp shareholders on Wednesday rejected a proposal to split the chief executive officer and board chairman roles that some had promoted to protest a decision to strike an unrelated climate change resolution from the ballot. FILE PHOTO: A logo of the Exxon Mobil Corp is seen at…
Fears of prolonged trade war weigh on Asia stocks; bonds rally
TOKYO (Reuters) – Asian stocks tracked Wall Street losses on Thursday as the latest exchanges between Beijing and Washington signaled the heightened risk of a prolonged trade war, stoking investors’ concerns about the impact on global economic growth. FILE PHOTO: A man looks on in front of an electronic board showing stock…
Huawei launches 5G lab in South Korea, but keeps event low-key after U.S. ban
SEOUL (Reuters) – Huawei Technologies unveiled an open lab for next-generation 5G wireless network in South Korea on Thursday, but kept the launch low-key given its recent blacklisting by the United States, a key security ally of the Asian nation. FILE PHOTO: A woman looks at her phone as she walks past…