Automakers face ‘material and negative ramifications’ over the escalating US-China trade war (F, GM)
Automakers face ‘material and negative ramifications’ over the escalating US-China trade war (F, GM)
The US automakers may be under increasing pressure as President Donald Trump turned up the heat in the US's trade dispute with China. Shares of both companies were down as the auto industry is particularly sensitive to Chinese demand. Trump, on Sunday, thr…
UPDATE 2-Warren Buffett says U.S.-China trade war would be ‘bad for the whole world’
(Adds comments from Buffett, Berkshire Vice Chairman Charlie Munger) By Jonathan Stempel and Jennifer Ablan May 6 (Reuters) - Warren Buffett said on Monday that a trade war between the United States and China would be "bad for the whole world." Buffett spo…
bubmagMay 6, 2019
China trade team still preparing to go for talks after Trump cranks up pressure
BEIJING/WASHINGTON (Reuters) - China said on Monday that a delegation is still preparing to go to the United States for trade talks, after U.S. President Donald Trump dramatically increased pressure on Beijing to reach a deal, saying he would hike tariffs on …
bubmagMay 6, 2019
Market Snapshot: U.S. stock futures sink as threat of full-blown trade war re-emerges
Stock futures tumbled sharply on Monday, as global markets sold off amid fears that trade talks between the U.S. and China were on the verge of collapse, after President Donald Trump threatened to raise tariffs on $200 billion of Chinese goods. How are benc…
bubmagMay 6, 2019
Latest round of China-U.S. trade talks start in Beijing
BEIJING (Reuters) - The latest round of China-U.S. trade talks began in Beijing on Wednesday, as both countries look to end their bitter trade war. Chinese Vice Premier Liu He greeted U.S. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robe…
bubmagMay 1, 2019
Analysis: As trade talks reach endgame, U.S.-China ties could hinge on enforcement
BEIJING (Reuters) - U.S. negotiators head to China on Tuesday to try to hammer out details to end the two countries’ trade war, including the shape of an enforcement mechanism, the success or failure of which could set the trajectory of ties for years to come…
bubmagApril 29, 2019
Goldman Sachs just dropped its top commodity recommendations, saying risks were ‘misplaced’ — here are its new batch of trades
Goldman Sachs named its 10 best commodity trades last year. It's now dropping all of them. "We are closing all of our remaining top 10 trading recommendations from last December - all of which were based upon misplaced macro risk - and opening up 10 new to…
bubmagApril 28, 2019
Trump threatens EU trade war after Harley-Davidson sees profit decline
Some of the thousands of Harley-Davidson riders enter Wenceslas Square in the heart of Prague, Czech Republic. (Photo: Mike De Sisti/Milwaukee Journal Sentinel) Struggling with fallen demand for motorcycles, and higher costs from global trade wars, Harley-…
bubmagApril 23, 2019
U.S. to Clamp Down on Iranian Oil Sales, Risking Rise in Gasoline Prices
Middle Eastern oil executives are doubtful Saudi Arabia will immediately decide to pump more oil in part because of frustration over the administrations surprise decision last fall to issue sanction waivers, an action that caused oil prices to plummet below $…
bubmagApril 22, 2019