China-listed pork producers jumped on Friday after Beijing announced plans for 25 per cent tariffs on US imports of the meat in response to the Trump administration’s moves to impose tariffs on Chinese imports, while Sino-US WH Group wallowed.
The yen strengthened to a near 17-month high and bonds gained in the wake of the Trump administration’s plans to impose tariffs on up to $60bn in annual imports from China in a bid to trim its trade deficit with the country.
Beijing has outlined plans to introduce tariffs on US imports ranging from fruit to pork and steel hours after the Trump administration revealed plans to impose a 25 per cent levy on up to $60bn in annual imports from China.
Stocks in Japan and Korea tumbled on Friday as global stocks tracked lower in the wake of the Trump administration’s announcement that it would impose tariffs on up to $60bn in annual imports from China.
The Trump administration announced plans on Thursday to impose tariffs on up to $60bn in annual imports from China, raising fears of a trade war between the world’s two largest economies and sending US stocks sharply lower.
Cambridge Analytica said it took legal action two years ago against the research company run by Aleksandr Kogan, an academic who allegedly broke rules by passing it information from up to 50m Facebook users. Mr Kogan disputed the claims in a statement to the FT.
The battle between activist hedge fund Elliott Management, Telecom Italia and French billionaire Vincent Bolloré just heated up as Elliott’s campaign for a board overhaul at Telecom Italia starts to bear fruit.
JPMorgan Chase is working on a potential spin-off of its main blockchain technology project after the biggest US bank by assets decided it was more likely to achieve widespread adoption as an independent operation.
The Dow Jones briefly re-entered correction territory on Thursday after industrials and steel stocks tumbled following the Trump administration’s plan for heavy import tariffs aimed at China renewed investor concern about the break out of a global trade war.
The Trump administration’s plan to impose heavy tariffs on annual imports from China has stoked Wall Street’s concern about a possible global trade war, sending steel stocks and major industrials lower.
Deutsche Bank has priced the initial public offering of its asset management arm DWS at €32.50 a share, slightly below the mid-point of its target range of €30 to €36 a share, Germany’s largest lender said in a statement on Thursday evening.
The trade body of the world’s largest music market extolled a “remarkable re-invention” in how people listen to music, as it revealed that US sales have now climbed for two consecutive years — the first such growth since Napster ravaged the industry in 1999.
MPs have called for Cambridge Analytica’s suspended chief executive, Alexander Nix, to appear before them a second time to explain “a number of inconsistencies” in evidence he had given in February about his consultancy’s use of personal data.