Reuters Before the Bell: U.S. escalates trade war amid negotiations, China says will hit back

Click to View in Browser Friday, May 10, 2019 U.S. escalates trade war amid negotiations, China says will hit back The United States escalated a tariff war with China on Friday by hiking levies on $200 billion worth of Chinese goods in the midst of last-ditch talks to rescue a trade deal. Trump says in 'no rush' to complete China trade deal U.S. President Donald Trump said on Friday he was in "absolutely no rush" to finalize a trade agreement with China as U.S. negotiators from both countries prepared to continue talks in Washington, in a sign that discussions could go past this week. UK sees risk of serious damage from U.S.-China trade tensions British finance minister Philip Hammond said on Friday he was hopeful the United States and China would step back from a potential trade war that risked causing very serious damage to Britain and the world economy. Exclusive: India orders anti-trust probe of Google for alleged Android abuse - sources India's antitrust watchdog has ordered an investigation into Alphabet Inc's unit Google for alleged abuse of its popular Android mobile operating system to block rivals, two sources aware of the matter told Reuters. Uber valued at $82 billion in IPO as market jitters, Lyft woes weigh Uber Technologies Inc priced its initial public offering on Thursday at the low end of its targeted range for a valuation of $82.4 billion, hoping its conservative approach will spare it the trading plunge suffered by rival Lyft Inc. Cashing out in Uber's IPO: China, Russia and the Middle East In 2015, Uber Technologies Inc went on a fundraising spree in China, tapping venture capitalists and state-backed corporations for cash and connections to try and navigate the Chinese regulatory environment. Uber set to debut on NYSE, under pressure to avoid Lyft debacle Ride services giant Uber Technologies Inc will begin life as a public company on Friday, under pressure to start trading strongly after conservatively pricing its initial public offering. Virgin Atlantic in, IAG out of race for Thomas Cook airline business The chief executive of British Airways owner IAG ruled out bidding for Thomas Cook's airline unit on Friday, a day after rival Virgin Atlantic was reported to be interested in part of the business. Foxconn's Gou retains board seat on proposed board: source Terry Gou, chairman of Apple supplier Foxconn, will retain a seat on the company's proposed board, a source with knowledge of the matter told Reuters on Friday, as he plans to run for Taiwan's presidential election. Viacom profit beats on lower costs, success of 'What Men Want' Viacom Inc, the owner of MTV, Comedy Central and Nickelodeon, beat quarterly profit estimates on Friday, as costs fell and its Paramount Pictures division gained from the success of its movie "What Men Want", sending its shares up 3.5%. Related Video U.S. triggers new tariffs, China vows to strike back US and China in make-or-break trade talks Make sense of the market with highlights of valuable financial information and reports along with compelling investment insights. Register Today The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2019 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook