SHANGHAI (Reuters) – The U.S. administration is considering Huawei-like sanctions on Chinese video surveillance firm Hikvision, media reports show, deepening worries that trade friction between the world’s top two economies could be further inflamed. FILE PHOTO: A Hikvision logo is seen at an exhibition during the World Intelligence Congress in Tianjin, China…
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Daimler says all costs under scrutiny after moderate start to 2019
The Mercedes logo is seen on a Vision Mercedes-Maybach Ultimate Luxury show car ahead of the Daimler annual shareholder meeting in Berlin, Germany, May 22, 2019. REUTERS/Hannibal Hanschke BERLIN (Reuters) – German luxury carmaker Daimler said all costs were under scrutiny after reporting a moderate start to the year and affirmed its…
Fed may cut rates if inflation keeps disappointing: Bullard
HONG KONG (Reuters) – Further weakness in inflation could prompt the U.S. Federal Reserve to cut interest rates, even if economic growth maintains its momentum, James Bullard, President of the Federal Reserve Bank of St. Louis, said on Wednesday. James Bullard, president of the Federal Reserve Bank of St. Louis, speaks before…
Oil prices drop on swelling U.S. stockpiles, but markets remain tense
SINGAPORE (Reuters) – Oil prices fell on Wednesday after industry data showed an increase in U.S. crude inventories and as Saudi Arabia pledged to keep markets balanced. FILE PHOTO: An oil well pump jack is seen at an oil field supply yard near Denver, Colorado, U.S., February 2, 2015. REUTERS/Rick Wilking/File Photo…
China ready for further U.S. trade talks, ambassador says
WASHINGTON/BEIJING (Reuters) – Beijing is ready to resume trade talks with Washington, China’s ambassador to the United States Cui Tiankai said, as a top U.S. business lobby in China said nearly half its members are seeing non-tariff barrier retaliation in China due to the trade war. FILE PHOTO: China’s ambassador to the…
Exclusive: Walmart to make first direct pitch to big corporate ad buyers at New York event
WASHINGTON (Reuters) – Walmart Inc will meet large consumer goods companies and advertising firms for the first time in New York next week to pitch its advertising business, as the world’s largest retailer aims to rev up its website and stores as a platform for other companies to reach customers. FILE PHOTO:…
In Fed policy review, labor may finally win out over inflation
MINNEAPOLIS (Reuters) – At 2.3 percent, Minneapolis’ jobless rate seems impossibly low, even with national unemployment at a 50-year trough. FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie/File Photo But that doesn’t mean full employment in North Minneapolis, where job advocate Tony Tolliver…
Chinese airlines seek Boeing compensation over 737 MAX grounding: state TV
FILE PHOTO: The Boeing logo is pictured at the Latin American Business Aviation Conference & Exhibition fair (LABACE) at Congonhas Airport in Sao Paulo, Brazil, Aug. 14, 2018. REUTERS/Paulo Whitaker/File Photo BEIJING (Reuters) – China’s three biggest airlines have requested compensation from U.S. planemaker Boeing Co for losses incurred by the grounding…
Asia stocks grapple with trade anxiety even as Huawei gets reprieve
TOKYO (Reuters) – Asian stocks struggled for traction on Wednesday, as relief over Washington’s temporary relaxation of curbs against China’s Huawei Technologies failed to offset deeper worries about an intensifying trade war between the world’s two largest economies. FILE PHOTO: Pedestrians walk past a stock quotation board displaying stock prices outside a…
Shares in China’s Hikvision slump after report of U.S. blacklisting
SHANGHAI (Reuters) – Shenzhen-listed shares in Chinese video surveillance firm Hikvision Digital Technology Co Ltd opened 10% lower on Wednesday after reports that the U.S. may blacklist the firm. The New York Times reported Tuesday that the Trump administration is considering limits to Hikvision’s ability to buy American technology. Reporting by Andrew…
Factbox: Investments by automakers in the U.S. and China since Trump came to power
(Reuters) – Major automakers have announced a slew of investments in the United States since President Donald Trump took office in January 2017 and exerted pressure on the industry to create more U.S. jobs. FILE PHOTO: Imported vehicles are seen at a car dealership in Tianjin bonded zone, China January 2, 2019.…
Asian stocks off four-month lows, but Huawei row weighs
TOKYO (Reuters) – Asian shares won some respite on Tuesday after Washington temporarily eased trade restrictions imposed last week on China’s Huawei, although fears of a further escalation in tensions kept investors on edge. FILE PHOTO: A man walks in front of a screen showing today’s movements of Nikkei share average outside…
Huawei believes Europe will keep faith in company: executive
FILE PHOTO: A woman cycles past a Huawei store in Shenyang, Liaoning province, China March 20, 2019. REUTERS/Stringer (Reuters) – China’s Huawei believes Europe will not follow the United States in blacklisting the company because it has been a partner of European telecoms firms for many years, a top Huawei executive told…
Huawei founder says U.S. government is underestimating company: state media
FILE PHOTO: Huawei CEO and founder Ren Zhengfei walks inside Huawei’s headquarters in the southern Chinese city of Shenzhen, Guangdong province, in this October 16, 2013 file photo. REUTERS/Bobby Yip/File Photo BEIJING (Reuters) – The U.S. government’s temporary easing of trade restrictions on Huawei Technologies bears little meaning on the company as…
U.S. garlic growers profit from trade war as most farmers struggle
GILROY, California (Reuters) – Unlike millions of other U.S. farmers, garlic growers are profiting from the trade war with China and have cheered President Donald Trump’s latest economic attack accordingly. Ken Christopher holds a garlic plant at Christopher Ranch in Gilroy, California, U.S., March 29, 2019. Picture taken March 29, 2019. REUTERS/Lucy…