US Business

U.S. tells India it is mulling caps on H-1B visas to deter data rules -sources

06h56 The United States has told India it is considering caps on H-1B work visas for nations that force foreign companies to store data locally, three sources with knowledge of the matter told Reuters, widening. . .  Full story

Trump-Xi meeting unlikely to resolve trade differences, could lead to more talks-media

06h45 Upcoming trade talks between the leaders of China and the United States are unlikely to immediately resolve major disagreements between the two sides but could start a new phase in negotiations, Chinese state media said. . .  Full story

Corn drops to 1-week low, soybeans ease on fund-selling

04h59 Chicago corn futures slid to a one-week low on Thursday, falling for a third consecutive session, as prices were pressured by fund selling although planting delays provided a floor under the market.. . .  Full story

Fed sees case building for interest rate cuts this year

03h49 The U.S. Federal Reserve on Wednesday signalled interest rate cuts beginning as early as July, saying it is ready to battle growing global and domestic economic risks as it took stock of rising trade. . .  Full story

Trump believes he has authority to demote Fed's Powell - Bloomberg

02h30 U.S. President Donald Trump believes that he has the authority to replace Federal Reserve Chair Jerome Powell and demote him to be a board governor, but is not planning to do so presently, Bloomberg. . .  Full story

Bank of Korea chief: global conditions have changed drastically

01h51 The head of South Korea's central bank said on Thursday global economic conditions have changed very drastically since its last meeting in May and that the outcome of the U.S. Federal Reserve's policy meeting. . .  Full story

Trump plan to sell arms to Saudis faces Senate vote

01h13 The U.S. Senate will vote on Thursday on legislation seeking to block President Donald Trump's plan to complete $8 billion in arms sales to Saudi Arabia and the United Arab Emirates, lawmakers said, making clear. . .  Full story

Union Pacific CEO signals caution on Trump's China tariff threat

00h54 Union Pacific Corp's chief executive said another round of tariffs on Chinese goods could badly hurt his railroad and the U.S. economy, but he feels U.S. President Donald Trump is listening to his concerns.. . .  Full story

T-Mobile prepares for Boost auction if Dish Network talks stall -sources

00h22 T-Mobile US Inc is preparing an alternative plan if a deal to sell wireless assets to Dish Network Corp falls through, according to two sources familiar with the matter.. . .  Full story

Dell, HP, Microsoft, Intel oppose proposed tariffs on laptops, tablets

00h05 Dell Technologies Inc, HP Inc , Microsoft Corp and Intel Corp on Wednesday opposed U.S. President Donald Trump's proposal to include laptop computers and tablets among the Chinese goods targeted for tariffs.. . .  Full story

What changed for the Fed in seven weeks? Trade risks top the list

00h03 On May 1, the Federal Reserve viewed the American economy as having a solid footing and risks to the outlook were muted.. . .  Full story

Slack reference price for direct listing set at $26/shr

19/06 The New York Stock Exchange on Wednesday set the reference price for Slack Technologies Inc's direct listing at $26 per share.. . .  Full story

U.S. Senate to vote Thursday on whether to block Trump Saudi arms sale plan

19/06 The U.S. Senate will vote on Thursday on legislation seeking to block President Donald Trump's plan to sidestep congressional review and go ahead with more than $8 billion in arms sales to Saudi Arabia. . .  Full story

Corn down for 2nd session after five-year high; soy, wheat follow

19/06 U.S. corn futures fell about 2% on Wednesday, sagging for a second straight session as an absence of fresh bullish news prompted investors to book profits after multi-year highs set this week.. . .  Full story

Stocks approach record as Fed soothes Wall Street's fears

19/06 The S&P 500 approached a record high on Wednesday after the Federal Reserve signaled potential interest cuts later this year, reassuring investors worried that the U.S.-China trade war could stall economic growth.. . .  Full story

Meat-loving Brazil joins the search for plant-based alternatives

19/06 Beef-crazy Brazil, with its all-you-can-eat steak houses, world-leading meatpackers and more cattle than people, is not the first place you might look for plant-based alternatives to meat.. . .  Full story

Senior U.S.-China trade negotiators to confer before Trump-Xi G20 meeting

19/06 Aiming to jumpstart dormant talks, the top U.S. trade negotiator said on Wednesday he will confer with his Chinese counterpart before next week's meeting between President Donald Trump and Chinese President Xi Jinping in Japan. . .  Full story

U.S. yields slide after Fed signals rate cuts this year

19/06 U.S. Treasury yields retreated on Wednesday after the Federal Reserve held interest rates steady, as expected, but flagged possible rate cuts of as much as half a percentage point later this year as inflation. . .  Full story

UAW opposes Trump proposal to freeze fuel rules at 2020 levels -testimony

19/06 The United Auto Workers (UAW) will tell Congress on Thursday the union opposes the Trump administration's proposal to freeze fuel efficiency requirements at 2020 levels through 2026, according to written testimony.. . .  Full story

What is Slack?

19/06 Slack Technologies Inc, whose instant messaging app has taken workplaces by storm, is scheduled to go public via a direct listing on June 20, instead of the more popular initial public offering route.. . .  Full story

U.S. refiner Phillips 66 enters offshore oil export race

19/06 U.S. oil refiner Phillips 66 is proposing a deepwater crude export terminal off the U.S. Gulf Coast, the company said on Wednesday, challenging at least eight other projects aiming to send U.S. shale oil. . .  Full story

U.S. tells India it is mulling caps on H-1B visas to deter data rules-sources

19/06 The United States has told India it is considering caps on H-1B work visas for nations that force foreign companies to store data locally, three sources with knowledge of the matter told Reuters, widening. . .  Full story

U.S. targets Russian firm for allegedly helping N.Korea evade sanctions

19/06 The United States has sanctioned a Russian financial institution for allegedly helping North Korea evade financial sanctions by assisting a company linked to Pyongyang's primary foreign exchange bank, the U.S. Treasury Department said on Wednesday.. . .  Full story

U.S. Gulf gasoline glut sparks rare tanker voyage to Australia

19/06 A gasoline cargo is set to make a rare voyage to Australia from the U.S. Gulf Coast as swelling stockpiles have suppressed regional prices, opening up this unusual arbitrage opportunity, sources familiar with the matter. . .  Full story

Winners and losers in Trump's trade war with China

19/06 U.S. companies in everything from computer chips to tractors have said President Donald Trump's trade wars, including disputes with Beijing and global steel tariffs, have had an impact on them.. . .  Full story

Investors rush into U.S. bond funds as trade wars weigh on confidence

19/06 Concerns about a weakening global economy prompted investors to send nearly $11.9 billion into U.S. taxable and municipal bond mutual funds and exchange-traded funds last week, the largest net inflows of any week since February,. . .  Full story

Privatisation of Slovenia's Abanka will see it merge with domestic rival

19/06 Slovenia said on Wednesday that its second biggest bank Nova KBM (NKBM) will buy the country's No. 3 lender Abanka after submitting the winning bid in a scheme to privatise the lender.. . .  Full story

CEOs of some U.S. firms to meet Chinese Premier Li this week - Bloomberg

19/06 Top executives of at least five U.S. companies are scheduled to meet Chinese Premier Li Keqiang this week, Bloomberg reported on Wednesday, citing people familiar with the matter.. . .  Full story

U.S. fund Apollo presents rescue plan for Italy's Carige-sources

19/06 U.S. private equity fund Apollo Global Management has presented a draft rescue plan for Italy's troubled bank Carige, three sources close to the matter said.. . .  Full story

U.S. oil stockpiles fall across the board, crude more than expected -EIA

19/06 U.S. oil stockpiles fell across the board last week, with crude inventories dropping more than expected and refined products posting surprise drawdowns due to a rise in refining and crude exports, and drop in. . .  Full story

Detained U.S. investor loses control of Russia's Vostochny Bank

19/06 Russian private equity fund Baring Vostok said on Wednesday it has ceded a 9.99% stake in Vostochny Bank to the lender's other big shareholder following a legal battle, meaning it is no longer the. . .  Full story

Oil group Total hopes new supercomputer will help it find oil faster and more cheaply

19/06 Energy major Total said its new supercomputer - which has propelled it to a world ranking as the most powerful computer in the sector - will enable its geologists to find oil faster, cheaper. . .  Full story

Who pays Trump's tariffs, China or U.S. customers and companies?

19/06 U.S. President Donald Trump says China pays the tariffs he has imposed on $250 billion of Chinese exports to the United States.. . .  Full story

U.S. trade chief expects to meet China's vice premier ahead of G20

19/06 The top U.S. trade negotiator on Wednesday said he expects he and the U.S. Treasury secretary will meet the Chinese vice premier ahead of the G20 summit in Japan later this month.. . .  Full story

Global economic slowdown hits oil consumption: Kemp

19/06 Global oil consumption rose last year at the slowest rate since 2014, as higher prices and broad deceleration in manufacturing activity and freight movements took their toll on fuel use and petrochemicals.. . .  Full story

TSX flat ahead of U.S. Fed statement

19/06 Canada's main stock index was subdued on Wednesday, as investors adopted a cautious approach ahead of the Federal Reserve's policy statement that could open the door to future interest rate cuts.. . .  Full story

Harley-Davidson strikes deal to build smaller bike in China

19/06 Harley-Davidson Inc will partner with China's Qianjiang Motorcycle Co to build a new smaller motorcycle than its trademark "big hogs", making good on promises to move more production outside the United States that have angered. . .  Full story

U.S. House Speaker Pelosi blasts Trump pressure on Fed over interest rates

19/06 The U.S. Federal Reserve should be independent and not under the influence of President Donald Trump in setting monetary policy, House of Representatives Speaker Nancy Pelosi said on Wednesday.. . .  Full story

Will China dump U.S. bonds as a trade weapon? Not so fast

19/06 The trade war between Beijing and Washington has stoked concern in financial markets that China might opt to weaponize its holdings of more than $1.1 trillion worth of U.S. Treasuries in retaliation for the. . .  Full story

U.S. House Speaker Pelosi cites key problems in way of USMCA trade pact approval

19/06 U.S. House of Representatives Speaker Nancy Pelosi on Wednesday outlined several key impediments to congressional approval of a U.S.-Mexico-Canada trade agreement, as Canadian Prime Minister Justin Trudeau was set to arrive in Washington to push. . .  Full story

U.S. foreign arms sales hit $44.15 bln in first three quarters of FY2019

19/06 The Pentagon's Defense Security Cooperation Agency (DSCA) has executed $44.15 billion in U.S. foreign arms sales through June 19, and the agency's director said he was optimistic the total for the full year would. . .  Full story

Chinese firms plan rare earth manufacturing hub in Hebei

19/06 A group of Chinese firms have jointly established a rare earths innovation centre in the country's Hebei province as part of a plan to develop a manufacturing base in the region, according to the. . .  Full story

OPEC wrangle over meeting date exposes deepening Saudi-Iran rift

19/06 OPEC's month-long wrangle over a date for its next meeting has highlighted a changing dynamic in the group with decisions increasingly driven by long-time leader Saudi Arabia in tandem with non-OPEC Russia, angering member states. . .  Full story

-Apple explores moving 15-30% of production capacity from China - Nikkei

19/06 Apple Inc has asked its major suppliers to assess the cost implications of moving 15%-30% of their production capacity from China to Southeast Asia as it prepares for a restructuring of its supply chain,. . .  Full story

German government spokeswoman declines to comment on Draghi's stimulus hint

19/06 A German government spokeswoman on Tuesday declined to comment on remarks by Mario Draghi that the European Central Bank would ease policy again if inflation fails to accelerate.. . .  Full story

China snub, drought and debt shake finances of Canada's farmers

19/06 For years, the financial stability of Canadian farmers was the envy of their American counterparts, but rising costs, drought and a dispute with China have weakened their bottom lines.. . .  Full story

China launches anti-dumping investigation into synthetic rubber product

19/06 China's Commerce Ministry said on Wednesday it is launching an anti-dumping investigation imports of a synthetic rubber product from the United States, South Korea and the European Union following a request from major petrochemical producers.. . .  Full story

Global LNG export terminals awaiting approval in 2019

19/06 U.S. energy company Anadarko has approved the construction of a $20 billion gas liquefaction and export terminal in Mozambique, reflecting a global boom in LNG trade. Its announcement late on. . .  Full story

SoftBank-backed Tokopedia scores record $1.3 bln Ramadan sale

19/06 Tokopedia, an Indonesian e-commerce site backed by SoftBank and Alibaba , said on Wednesday it generated a record $1.3 billion in gross merchandise volume (GMV) during Ramadan sale, amid soaring demand for online retail.. . .  Full story

Top Australian analyst joins CLSA exodus to Jefferies - report

19/06 U.S. financial services firm Jefferies has hired well-known Australian banking analyst Brian Johnson from rival broker CLSA, adding to more than two dozen others who have been poached from the Asia-focused broker, local media reported. . .  Full story

U.S. fines firms transhipping via Cambodia to dodge Trump's China tariffs

19/06 The United States has fined several companies for exporting goods via a Chinese-owned special economic zone in Cambodia in a bid to dodge President Donald Trump's tariffs on Chinese imports, a U.S. Embassy official told. . .  Full story

French photo startup Meero joins unicorn club after $230 mln fundraising

19/06 French startup Meero, which offers online editing and production tools for photographers, has raised $230 million in a boost for the country's technology and start-up scene that President Emmanuel Macron hopes will boost the overall. . .  Full story

China stocks end higher on trade hopes, cenbanks easing

19/06 China stocks closed higher on Wednesday as Washington and Beijing looked to rekindle trade talks and confirmed that Presidents Donald Trump and Xi Jinping would meet later this month at the G20 summit.. . .  Full story

China retains anti-dumping tariffs on U.S. distillers grains ahead of Trump-Xi talks

19/06 China's Ministry of Commerce said on Wednesday it will maintain anti-dumping and anti-subsidy tariffs on imports of U.S. distillers grains (DDGs), a by-product of ethanol production used in animal feed, after closing a review launched. . .  Full story

Japan exports slide for 6th month as trade troubles knock demand, weaken outlook

19/06 Japan's exports fell for a sixth straight month in May as China-bound shipments of semiconductor manufacturing equipment and car parts weakened, in a sign of a deteriorating outlook for growth as the trade-reliant economy. . .  Full story

Electric dreams in danger as funding dwindles for China's Tesla challengers

19/06 Last year, Wei Qing and his private equity investment team visited more than 20 Chinese electric vehicle manufacturing startups.. . .  Full story

Japanese businesses see economy peaking out, want more stimulus

19/06 Japan's economy is likely to stop expanding this year and into next with the Sino-U.S. trade war and a planned sales tax hike expected to crimp activity, a Reuters poll of Japanese companies found,. . .  Full story

Japan firms seek more stimulus as economic growth seen peaking out

19/06 Japanese firms expect the economy will stop expanding towards next year, a Reuters poll found, with many respondents calling for policymakers to roll out fresh stimulus to prop up growth.. . .  Full story

Adobe beats quarterly estimates on cloud strength; shares rise

19/06 Adobe Inc beat analysts' estimates for quarterly profit and revenue on Tuesday, driven by growth in its digital media business that houses its flagship product Creative Cloud, sending its shares up 4.6% after market.. . .  Full story

Canadian crude Gulf Coast exports rise as Venezuelan gap is filled -trade sources

19/06 Heavy crudes have poured into the United States this spring, offsetting the loss of Venezuelan oil and producing a mini-surplus, with Canadian heavy crude this month being exported from the U.S. Gulf Coast.. . .  Full story

Trump pressures Fed's Powell: 'Let's see what he does'

18/06 President Donald Trump on Tuesday kept up pressure on the head of the Federal Reserve to lower interest rates, following a report that White House lawyers earlier this year explored whether they could legally strip. . .  Full story

Defying Trump, U.S. senator moves toward vote to block Saudi arms sales

18/06 U.S. Senator Bob Menendez began the formal process on Tuesday of blocking a White House plan for $8 billion in military sales to Saudi Arabia and the United Arab Emirates without the consent of. . .  Full story

U.S. seen open to mechanism to end aircraft subsidy fight -sources

18/06 The United States is expected to be open to negotiations on an "enforceable mechanism" that could allow European planemaker Airbus to receive government funding on commercial terms and ease the risk of tit-for-tat sanctions, two. . .  Full story

China suspending pork imports from 3rd Canadian firm as dispute with Ottawa deepens

18/06 China will block pork imports from a third Canadian firm after a shipment was found to contain the banned feed additive ractopamine, the customs agency said on Tuesday, deepening a trade and diplomatic dispute. . .  Full story

Trump says U.S., Chinese teams to restart trade talks ahead of G20

18/06 U.S. President Donald Trump said on Tuesday he had spoken to Chinese President Xi Jinping and that the two leaders' teams would restart trade talks after a long lull in order to prepare for. . .  Full story

U.S. regulator considers boosting investor options to private offerings

18/06 The U.S. Securities and Exchange Commission said on Tuesday it is considering boosting the number of options in private stock sales by broadening access to more potential investors and revamping the capital-raising process of private. . .  Full story

Wall St nears record as mood on trade again turns optimistic

18/06 Wall Street surged on Tuesday and the S&P 500 approached a record high after Washington rekindled trade talks with Beijing, boosting sentiment along with growing investor confidence that the Fed will cut interest rates. . .  Full story

Photoshop maker Adobe beats revenue, profit estimates

18/06 Adobe Inc beat analysts' estimates for quarterly profit and revenue on Tuesday, driven by growth in its digital media business that houses its flagship product Creative Cloud.. . .  Full story

Trump on demoting Fed's Powell: 'Let's see what he does'

18/06 President Donald Trump on Tuesday kept up the pressure on the head of the Federal Reserve following a report that lawyers at the White House earlier this year explored the legality of stripping Jerome. . .  Full story

Corn, wheat slide on profit-taking as U.S. corn seeding winds down

18/06 U.S. corn futures declined on Tuesday as government data showing a rain-delayed planting campaign was nearing an end encouraged a pause in a rally that took prices to a five-year high a day earlier.. . .  Full story

Google invests $1 bln to ease housing shortage near California headquarters

18/06 Alphabet Inc's Google announced on Tuesday it would set aside $750 million in land and $250 million in financing to spur developers in the San Francisco Bay Area to build at least 20,000 homes. . .  Full story

Airbus seeks new partners to expand in U.S. space market

18/06 Airbus' defence division is looking for new partners to expand its presence in the growing U.S. space market, and could potentially build components for a lunar programme there, Airbus Defence and Space Chief Executive Dirk. . .  Full story

Trump administration departures, firings, reassignments

18/06 Acting U.S. Defense Secretary Patrick Shanahan has withdrawn from consideration to head the U.S. military, President Donald Trump said on Tuesday, making Shanahan the latest of dozens of senior figures to leave the high-turnover Trump. . .  Full story

U.S. yields plummet after Draghi comments; Fed decision ahead

18/06 U.S. Treasury yields plunged on Tuesday, in line with the European market, after European Central Bank President Mario Draghi hinted at more stimulus if regional inflation fails to pick up toward its target.. . .  Full story

U.S. farmers may need more aid if trade deals stall during election season -lobby

18/06 Farmers may need a third round of government aid next year if political in-fighting during the 2020 U.S. election cycle prevents the Trump administration from landing trade deals and reopening top export markets, the. . .  Full story

Cotton touches two-week high on China trade deal optimism

18/06 Cotton prices rose on Tuesday to hit a two-week high on renewed optimism that the trade dispute between the United States and China may be resolved as Washington said it would rekindle trade talks. . .  Full story

U.S. trade chief says talking with China won't stop cheating

18/06 U.S. tariffs on Chinese goods may not be enough to force Beijing to make the economic reforms demanded by the United States, but the trade barriers are the only recourse given dialogue has failed,. . .  Full story

U.S. housing starts drop in May masks some signs of improvement

18/06 U.S. homebuilding fell in May, but groundbreaking activity in the prior two months was stronger than previously thought, pointing to some tentative signs of improvement in the struggling housing market.. . .  Full story

Netanyahu welcomes Bahrain meeting, Israeli ex-general to attend

18/06 Prime Minister Benjamin Netanyahu praised on Tuesday a U.S.-led conference on the Palestinian economy in Bahrain, and a source said a former Israeli general would be among the participants.. . .  Full story

White House's Kudlow: U.S. looking for "enforceable" trade deal with China -Fox

18/06 The United States wants to continue trade discussions with China that focus on structural changes and enforcement mechanisms when talks continue late this month during the G20 summit in Japan, White House economic adviser Larry. . .  Full story

Google calendar app down globally

18/06 Alphabet Inc's Google Calendar app users were unable to access their schedules on Tuesday as the app faced technical issues globally.. . .  Full story

Bayer asks trial judge to reverse $2 billion Roundup jury verdict

18/06 Bayer AG has asked a California judge to overrule a $2 billion verdict by jurors who found the company's glyphosate-based Roundup weed killer responsible for a couple's cancer, arguing the jury decision was not supported. . .  Full story

TSX rises as energy, material shares gain

18/06 Canada's main stock index gained on Tuesday, driven by precious metal miners and energy companies, ahead of the Federal Reserve's two-day monetary policy meeting.. . .  Full story

Kellogg to cut jobs, take $35 mln pretax hit on North America unit revamp

18/06 Kellogg Co said on Tuesday it would cut about 150 jobs and take a $35 million hit to trim its North American operations following the sale of Keebler biscuits and a handful of other. . .  Full story

Uber threatens to withdraw from Austria

18/06 U.S.-based ride-hailing service Uber Technologies Inc threatened on Tuesday to withdraw from Austria if a new law that would subject it to the same price regulations as taxis is adopted.. . .  Full story

Gazprom says new Ukraine government needed for gas talks

18/06 Russian state gas giant Gazprom is awaiting the formation of a Ukrainian government before starting talks with Kiev on extending a deal to transit Russian gas across Ukraine to Europe, a senior company official said. . .  Full story

U.S. housing starts fall, but prior months revised up

18/06 U.S. homebuilding unexpectedly fell in May, but data for the prior two months was revised higher and building permits increased, suggesting that the housing market was drawing some support from a sharp decline in mortgage. . .  Full story

ADM to cut jobs at animal feed unit Neovia in France

18/06 Archer Daniels Midland Company plans to cut 127 staff at its recently acquired Neovia animal feed business in France to eradicate job duplication, the head of the group's animal nutrition department said on Tuesday.. . .  Full story

For Fed's Powell, a gap with markets and Trump may need explaining

18/06 Bond investors expect an aggressive set of U.S. interest rate cuts this year, and a voluble president pines for the “old days” when his predecessors bullied central bankers to get their way.. . .  Full story

Avolon orders 14 CFM LEAP-1A engines in order worth $2 billion

18/06 Aircraft leasing and lease management services company Avolon has ordered 140 CFM LEAP-1A engines to power 70 Airbus A320neo planes, in a deal worth $2 billion at list prices.. . .  Full story

German investor morale drops on weak data, headwinds from abroad - ZEW

18/06 The mood among German investors deteriorated sharply in June, a survey showed on Tuesday, with the ZEW institute pointing to recent weak economic data and an escalating trade dispute between China and the United. . .  Full story

India to review data storage rules that irked U.S. tech firms

18/06 India will examine concerns raised by foreign technology companies around stringent rules to store data locally, the government said on Tuesday, an issue that has upset firms such as Mastercard and also irked the U.S.. . .  Full story

With cows, chickens and greenhouses, Qatar takes on regional boycott

18/06 Two years after flying in thousands of dairy cows to beat a trade embargo, Qatari milk producer Baladna has made its first exports.. . .  Full story

Infineon raises $1.7 billion to help fund Cypress deal

18/06 Infineon Technologies raised 1.545 billion euros ($1.74 billion) in an accelerated capital increase to help fund the cost of its planned acquisition of Cypress Semiconductor, it said late on Monday.. . .  Full story

Kuroda says BOJ will debate rising overseas economic risks this week

18/06 Bank of Japan Governor Haruhiko Kuroda said the central bank will "certainly" debate heightening overseas risks at a rate review this week, underscoring concerns among policymakers about the economic fallout of a U.S.-China trade war.. . .  Full story

Australian grocer Coles eyes $685 mln in savings, shares jump

18/06 Coles Group Ltd , Australia's second-biggest grocery chain, on Tuesday unveiled a plan to cut A$1 billion ($685 million) in costs over the next four years, as it looks to technology to offset rising labour. . .  Full story

Pfizer makes $10.6 bln cancer bet in cash deal for Array Biopharma

18/06 Pfizer Inc said on Monday it would buy Array Biopharma Inc for $10.64 billion in cash, a deal it hopes will help make it a leader in colon cancer and build up its pipeline. . .  Full story

Banks to include CO2 emission measures in shipping loan decisions

18/06 A group of leading banks will for the first time include efforts to cut carbon dioxide emissions in their decision making when providing shipping company loans, executives said on Tuesday.. . .  Full story

Bah humbug! Trump's plan for more China tariffs to hit festive shoppers

17/06 This year's holiday season could be tighter for many Americans if the U.S. government imposes tariffs on another $300 billion worth of Chinese imports - because that will include tech products, game consoles, toys, cribs,. . .  Full story

U.S. Senator Rubio targets Huawei over patents

17/06 U.S. Senator Marco Rubio filed legislation on Monday that would prevent Huawei Technologies Co Ltd from seeking damages in U.S. patent courts, after the Chinese firm demanded that Verizon Communications Inc pay $1 billion. . .  Full story

U.S. firms say China tariffs will raise costs, see few sourcing alternatives

17/06 A wide range of U.S. companies told a hearing in Washington on Monday that they have few alternatives other than China for producing clothing, electronics and other consumer goods as the Trump administration prepares new. . .  Full story