Business

Asia share markets hit by U.S. auto tariff threat, dollar pulls back

SHANGHAI (Reuters) – Asian shares fell on Thursday after the U.S. government launched a national security probe into auto imports that could lead to new tariffs, and President Donald Trump’s comments indicated fresh setbacks in U.S.-China trade talks. An investor sits in front of an electronic board showing stock information at a brokerage house in Nanjing, Jiangsu province, China, September ...

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China says has not promised to cut trade surplus with U.S. by a certain amount

BEIJING (Reuters) – China’s Commerce Ministry said on Thursday that it had not pledged to cut the country’s trade surplus with the United States by a certain figure, and hopes the United States implements measures promised during trade negotiations as soon as possible. FILE PHOTO: Containers are seen at the Yangshan Deep Water Port in Shanghai, China April 24, 2018. ...

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China fines Muji for packaging that lists Taiwan as a country

SHANGHAI (Reuters) – Japanese retailer Muji has been fined 200,000 yuan (23,445 pounds) in Shanghai for using packaging that lists Taiwan as a country, underscoring China’s growing sensitivity to how companies refer to the self-ruled island. A woman walks outside a newly opened Muji store at a shopping mall in Hangzhou, Zhejiang province, China December 12, 2016. Picture taken December ...

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Rusal CEO, board members quit as company warns on debt payments

HONG KONG (Reuters) – Russia’s largest aluminum producer, United Company Rusal Plc (0486.HK), said on Thursday its chief executive and seven board members have quit, and warned it may have problems servicing its debt due to the impact of U.S. sanctions. FILE PHOTO: The company logo of United Company RUSAL is displayed during a news conference in Hong Kong January ...

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United Air CEO grilled over NRA discount, workers rights at annual meeting

CHICAGO (Reuters) – United Airlines executives faced questions about ending its discount for a gun rights group and how it treats its workers at the carrier’s annual shareholders meeting on Wednesday. FILE PHOTO: Oscar Munoz, CEO of United Airlines, discusses his vision for the company, in Chicago, Illinois, U.S., March 21, 2018. REUTERS/Kamil Krzaczynski Asked about United’s decision to sever ...

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Asia markets lower on renewed U.S.-China trade concerns

SHANGHAI (Reuters) – Asian shares moved lower on Thursday as investors fretted about new setbacks in U.S.-China trade talks, but negative sentiment was tempered by U.S. Federal Reserve meeting minutes suggesting it would not raise the tempo at which it increases interest rates. An investor sits in front of an electronic board showing stock information at a brokerage house in ...

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Oil prices drop on potential increase in OPEC output

SEOUL (Reuters) – Oil prices fell on Thursday, pulled down by expectations that OPEC members could step up production in the face of worries over supply from both Venezuela and Iran. A worker walks past the oil well at the Sindbad oil field near the Iraqi-Iranian border in Basra, Iraq April 23, 2018. Picture taken April 23, 2018. REUTERS/Essam Al-Sudani ...

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Trump says U.S. may launch national security probe of vehicle imports

WASHINGTON (Reuters) – U.S. President Donald Trump said on Wednesday he asked his commerce secretary to considering opening an investigation into the effect of vehicle imports on national security, a move that could lead to the imposition of tariffs. FILE PHOTO: U.S. President Donald Trump speaks at the Susan B. Anthony List 11th Annual Campaign for Life Gala at the ...

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