Trump to unveil China tariff list this week, targeting tech goods U.S. tariffs on $50 billion to $60 billion worth of annual imports is expected to be levied on products benefiting from Beijing’s “Made in China 2025” industrial development program, but it may be more than two months before the […]
business news today
South African budget to set out ‘tough’ measures to repair post-Zuma economy South Africa’s finance ministry is set to spell out “tough decisions” in its 2018 budget on Wednesday to plug a revenue gap and narrow the deficit, providing an early look at how new President Cyril Ramaphosa plans to […]
Latvia in turmoil amid U.S. probe, central bank chief’s detention Latvia’s government was meeting in emergency session on Monday after one of the Baltic country’s biggest banks reeled under accusations of busting sanctions on North Korea and the central bank governor was detained by the anti-corruption agency. ABLV Bank, the […]
U.S. market gurus who predicted selloff say current calm an illusion Some veteran investors who were vindicated in calling for a pullback in shares and a spike in volatility could now be cheering. Actually, they’re looking at the risks that still lie ahead in the current relative calm. The last […]
Bitcoin rises above $10,000, strategist sees new high by July Bitcoin rose above $10,000 on Thursday for the first time in more than two weeks, as investors bought back the digital currency after having fallen 70 percent from its all-time peak hit in mid-December. Bitcoin has been buffeted this year […]
Walmart goes to the cloud to close gap with Amazon One of Walmart Inc’s best chances at taking on Amazon.com Inc in e-commerce lies with six giant server farms, each larger than ten football fields. These facilities, which cost Walmart millions of dollars and took nearly five years to build, […]
Icahn, Deason urge Xerox shareholders to oppose Fujifilm deal Xerox Corp’s plan to sell itself to Japan’s Fujifilm Holdings has come under further pressure with Carl Icahn and Darwin Deason urging fellow shareholders to oppose the $6.1 billion deal. The activist shareholders, who own a combined 15 percent of the […]
Bitcoin may not be worth all the hoopla: N.Y. Fed blog post Bitcoin and other digital currencies have, so far, not been formidable competition for cash, checks or credit cards as a payment method in the United States and other major economies, according to two economists at New York Federal […]
European share declines limited after another Wall Street sell-off European shares posted limited losses on Friday morning after a fresh sell-off on Wall Street, which has now entered a correction with the benchmark S&P 500 and Dow industrials falling more than 10 percent from their Jan. 26 record highs. Europe’s […]
U.S. Senate leaders reach $300 billion federal spending deal The U.S. Senate, in a rare display of bipartisanship, on Wednesday reached a two-year budget deal to raise federal spending by almost $300 billion, in an attempt to end the kind of squabbling over fiscal issues that has plagued Washington for […]
