Monday, 13 May 2019

Daily Investor Update: Trump to meet Xi after defiant China slaps U.S. with new tariffs

Reuters.com Newsletter

Trump to meet Xi after defiant China slaps U.S. with new tariffs

U.S. President Donald Trump said on Monday he would meet with Chinese President Xi Jinping next month and that he expected their discussions would be "very fruitful," as the trade war between the world's two largest economies intensified.

Trump says U.S. farmers to get $15 billion in aid amid China trade war

President Donald Trump said on Monday that his administration was planning to provide about $15 billion in aid to help U.S. farmers whose products may be targeted with tariffs by China amid a deepening trade war.

Fed officials see risks in weaker inflation expectations, trade row

A drop in the consumer outlook for inflation and intensifying trade tensions drew caution from Federal Reserve officials on Monday as policymakers faced fresh market volatility and a renewed set of risks.

Fed can lower rates if U.S.-China trade spat causes slowdown: Rosengren

The Federal Reserve has the tools it needs, including lowering interest rates, to respond to any slowdown resulting from the U.S.-China trade spat, a top Fed policymaker told Reuters on Monday, adding that he is not necessarily expecting such a need now.

Exclusive: Amazon rolls out machines that pack orders and replace jobs

Amazon.com Inc is rolling out machines to automate a job held by thousands of its workers: boxing up customer orders.

Volkswagen to make batteries in Germany, slim down

Volkswagen will invest almost 1 billion euros ($1.1 billion) in battery cell production at a facility in western Germany and is seeking to simplify the group by spinning off or selling units, the automaker said on Monday.

In setback for Apple, U.S. Supreme Court lets App Store antitrust suit proceed

A divided U.S. Supreme Court on Monday gave the go-ahead to an antitrust lawsuit accusing Apple Inc of forcing consumers to overpay for iPhone software applications, a decision that could lead to billions of dollars in damages and put at risk the company's lucrative way of selling apps.

Uber CEO expects further pressure as shares add to losses, down 12%

Uber Technologies Inc's shares fell 12% on Monday, more than doubling their losses since the ride-hailing giant's poorly received market debut, and its chief executive officer said he expected the stock to remain under pressure in the coming months.

Trump says no decision yet on levying tariffs on more Chinese goods

U.S. President Donald Trump said on Monday he was has not made a decision to go ahead with tariffs on another $325 billion in goods from China and said he plans to meet with Chinese President Xi Jinping at the G20 summit next month.

Oil prices fall with Wall Street on trade war, give back early gains

Oil futures fell on Monday with Wall Street, as the negative turn in the U.S.-Chinese trade talks spooked investors, who had sent oil higher in early trade on concerns about reports of sabotage attacks on tankers in the Middle East that could disrupt supplies.

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