China accuses the US of launching the ‘largest trade war in economic history’
China immediately slapped retaliatory tariffs on U.S. imports on Friday after the U.S. imposed dutieson $34 billion worth of Chinese products, signaling the start of a full-blown trade war between the world’s two largest economies. President Donald Trump’s administration imposed...
US farmers could take a significant hit from Trump’s tariffs
The Trump administration’s tariffs, a 25 percent duty on $34 billion worth of Chinese goods, are set to take effect 12:01 a.m. EST on Friday. Beijing has said it would retaliate immediately with tariffs of its own. That leaves U.S....
Xiaomi faces a reality check in its closely watched IPO
Chinese smartphone maker Xiaomi is ready to put its business to the verdict of investors with an IPO in Hong Kong, but a disappointing pricing and a listing delay in mainland China are casting a cloud over its debut. Xiaomi,...
After-hours buzz: PSMT, FLR & more
Check out the companies making headlines after the bell: PriceSmart stock was down nearly 7 percent in after-hours trading. The San Diego-based company missed on earnings for its third quarter, earning 61 cents per share versus the 63 cents per...
The U.S. labor shortage is reaching a critical point
America’s labor shortage is approaching epidemic proportions, and it could be employers who end up paying. A report Thursday from ADP and Moody’s Analytics cast an even brighter light on what is becoming one of the most important economic stories...
FX: Non-banks make headway among smaller Aussie participants
One of the closest observers of the Australian FX market is Cameron Peter, managing director of Peter Lee Associates, whose annual market survey covers corporates and financial institutions – mainly real money fund managers, insurance companies, non-price maker banks and...
This small Apple supplier is a way to ride ‘healthy’ iPhone demand in China, KeyBanc analyst says
Qorvo shares will rise as the chipmaker benefits from improving phone demand in China, according to KeyBanc Capital Markets. The firm raised its rating on Qorvo shares to overweight from sector weight, predicting the chipmaker will report earnings per share...
Germany’s massive trade surplus ‘is becoming toxic,’ economist says
Germany exporting more than it imports is becoming a big problem for its economy, a director from the country’s closely-watched Ifo Institute said Wednesday. “(The trade surplus) is turning out to be an increasing issue, not just with the U.S....
Poor wage growth down to ‘superstar’ tech firms, OECD says
The emergence of “superstar” tech firms is hurting the pay packets of workers, the Organization for Economic Cooperation and Development (OECD) said Wednesday. The OECD’s annual employment outlook said wage growth in many countries it examined is failing to keep...
India’s massive state banks are in trouble. That’s great news for some
India’s banking sector crisis has left most state lenders hamstrung with mounting levels of bad loans, investigations into fraud and restricted growth opportunities. Amid that storm, private banks are set to emerge as winners. India’s public-sector financial institutions control about...
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