Bhinneka News Online: Reuters Before the Bell: As tariff hike looms, China asks U.S. to meet it halfway, denies backtracking

Thursday, 9 May 2019

Reuters Before the Bell: As tariff hike looms, China asks U.S. to meet it halfway, denies backtracking

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Thursday, May 9, 2019

As tariff hike looms, China asks U.S. to meet it halfway, denies backtracking

China appealed to the United States to meet it halfway to salvage a deal that could end their trade war, with its chief negotiator in Washington for two days of talks hoping to stave off U.S. tariff increases set to be triggered on Friday.

Futures drop as tensions spike ahead of crucial trade talks

U.S. stock index futures fell on Thursday, after President Donald Trump ratcheted up trade tensions with China ahead of a high-stakes negotiation.

UAE's aviation authority says timing of lifting of Boeing 737 MAX ban still unknown

The United Arab Emirates' civil aviation authority said on Thursday it is unable to specify when the ban on the grounded Boeing 737 MAX will be lifted, state news agency WAM reported.

China to bid on D.C. Metro rail deal as national security hawks circle

China's CRRC plans to bid on a big Washington D.C. subway project as it doubles down on a charm campaign in the United States to quash a rising chorus of critics who have cast the rail car maker as a threat to cyber security and U.S. industry.

Kraft Heinz launches sale of baby food unit: sources

U.S. packaged food giant Kraft Heinz has launched the sale of its baby food brand Plasmon with preliminary bids due by the end of next week, two sources close to the matter said.

Novartis buys dry eye drug from Takeda for up to $5.3 billion

Novartis is buying dry-eye drug Xiidra from Takeda Pharmaceutical Co for up to $5.3 billion as the Swiss drugmaker refreshes its ophthalmic medicines portfolio with a potential blockbuster.

Trump says Beijing 'broke' trade talk deals, pledges to keep tariffs on Chinese goods

U.S. President Donald Trump said on Wednesday that China "broke the deal" it had reached in trade talks with the United States, and vowed not to back down on imposing new tariffs on Chinese imports unless Beijing "stops cheating our workers."

German auto suppliers downbeat as trade dispute simmers

German automotive suppliers Continental and Bosch do not expect a speedy recovery of the global auto market, as an escalating trade conflict between the United States and China threatens to compound already weak car demand.

U.S. campaign against Huawei hits a snag south of the border

After a long push in Mexico, China's Huawei landed a coveted job in 2017: supplying equipment for the country's so-called "red compartida," an ambitious telecommunications network built for carriers delivering the latest generation of technology.

Uber drivers go on strike in London and U.S. ahead of IPO, early protests sparse

Uber drivers in London and major U.S. cities held a series of strikes on Wednesday to protest the disparity between gig-economy conditions and the sums that investors are likely to make in Friday's blockbuster stock market debut.