10 September – 14 September
The US president’s initial tariffs, imposed on $50bn worth of Chinese exports in June, did not bring swift victory. Instead, they were met with Chinese retaliation. Now Mr Trump is preparing to impose tariffs on a further $200bn worth of imports from China, which will probably be met, once again, by a tit-for-tat response from Beijing. The world is on the very brink of a major trade war between the US and China, and it is unlikely to end quickly.
Chinese ride-hailing giant Didi Chuxing made a net loss of more than Rmb4bn ($580m) in the first half of the year, and is still paying out billions of dollars annually in subsidies two years after winning an expensive battle with Uber.
RPC Group, one of Europe’s largest plastic packaging manufacturers, said on Monday it is in talks with private equity about two potential buyout offers, as government environmental crackdowns have strained the industry.
Russia’s rouble weakened to more than Rbs70 per dollar for the first time in almost two-and-a-half years on Monday, as investors extended a sell-off in the currency fuelled by concerns over the independence of its central bank.
Mexico is open to moving ahead with a bilateral trade pact with the US if Canada cannot reach a deal on the North American Free Trade Agreement with the Trump administration, José Antonio González Anaya, the Mexican finance minister, has said.
Nike shares on Monday reclaimed the level they were at before investors dumped the sportswear maker for its decision to use Colin Kaepernick, the former football quarterback who sparked national debate for deciding to ‘take a knee’ during the US national anthem, as the face of its latest ad campaign.
A Canadian company has unearthed two large gold encrusted rocks at an underground mine in Western Australia, which geologists say amount to a “once in a century discovery”.
The government in Kiev can justifiably claim to have made more progress with structural reform in just four years than any administration since the country gained its independence in 1991.
Inditex, the owner of fashion brand Zara, reported an uptick in revenue and profits in the first half of of the year in spite of negative currency effects from a stronger euro.
Candriam, the European asset manager, plans to sell all of its holdings in thermal coal and tobacco producers as well as manufacturers of chemical and biological weapons amid growing demands on money managers to support environmentally friendly and socially beneficial investment strategies.
Russia and China pledged to stand together to fight Donald Trump’s attacks on their economies as the countries’ two presidents sought to deepen their new-found strategic friendship on Tuesday.
More than 60 per cent of US companies operating in China have been hurt by US and Chinese tariffs imposed on $50bn worth of exports from both countries, according to a survey by the US chambers of commerce in Beijing and Shanghai.
Blackstone has carried out one of the biggest private equity banking deals in the past decade as it agreed to pay €1bn to Nordea and DNB for 60 per cent of their joint lender in the Baltic region.
A year ago, Apple made a daring bet with the iPhone X: that customers would pay as much as $1,000 for a giant leap forward in smartphone technology.
The S&P 500 was struggling for direction at lunchtime on Wednesday as an initial jump in oil and gas stocks wore off and technology companies lagged.
The stellar ride asset prices have enjoyed since the demise of Lehman Brothers dominates the financial system. And the prospect of a reversal is rightfully worrying.
Dalian Wanda has struck a deal to cut its stake in US cinema chain AMC Entertainment, as the troubled Chinese group continues a push to sell off assets in a bid to pay down overseas debt.
As the prospect of a legal marijuana industry across North America looms, retail and professional investors are proving to be enthusiastic buyers as they anticipate explosive growth for the sector.