Kudlow does not expect China to retaliate against latest U.S. tariffs

Kudlow does not expect China to retaliate against latest U.S. tariffs
FILE PHOTO: White House chief economic adviser Larry Kudlow talks with reporters on the driveway outside the West Wing of the White House in Washington, U.S. August 2, 2019. REUTERS/Carlos Barria/File Photo WASHINGTON (Reuters) – White House economic adviser Larry Kudlow said on Sunday that he does not expect China to retaliate against additional tariffs on Chinese goods that U.S.... Read More

Exclusive: Third Point builds stake in Ray-Ban maker EssilorLuxottica – sources

Exclusive: Third Point builds stake in Ray-Ban maker EssilorLuxottica – sources
(Reuters) – Third Point LLC, the U.S. hedge fund that has pushed for changes at companies ranging from Nestle SA (NESN.S) to Campbell Soup Co (CPB.N), has amassed a stake in Ray-Ban maker EssilorLuxottica SA (ESLX.PA), people familiar with the matter said on Sunday. FILE PHOTO: Sunglasses from Ray-Ban are on display at an optician shop in Hanau, Germany, March... Read More

Tesla scouting sites for possible factory in Germany’s NRW: Rheinische Post

Tesla scouting sites for possible factory in Germany’s NRW: Rheinische Post
FILE PHOTO: A Tesla car is seen in Santa Monica, California, United States, October 23, 2018. REUTERS/Lucy Nicholson/File Photo FRANKFURT (Reuters) – Electric carmaker Tesla (TSLA.O) is scouting out locations for a possible factory in the German state of North Rhine-Westphalia (NRW), Germany’s most populous state, daily Rheinische Post reported on Sunday, citing people familiar with the matter. First inspections... Read More

Britain’s Cuadrilla says ‘micro seismic event’ occurred at fracking site near Blackpool

Britain’s Cuadrilla says ‘micro seismic event’ occurred at fracking site near Blackpool
FILE PHOTO: Cuadrilla’s Preston Road fracking site is seen near Blackpool, Britain, October 22, 2018. REUTERS/Hannah McKay/File Photo (Reuters) – British shale gas company Cuadrilla Resources said a tremor measuring 2.1 ML on the Richter scale was recorded at the company’s shale gas exploration site late on Saturday. “We can confirm that a micro seismic event measuring 2.1 ML (local... Read More

China warns U.S. to stop ‘wrong’ trade actions or face consequences

China warns U.S. to stop ‘wrong’ trade actions or face consequences
FILE PHOTO: U.S. and Chinese flags are seen in front of a U.S. dollar banknote featuring American founding father Benjamin Franklin and a China’s yuan banknote featuring late Chinese chairman Mao Zedong in this illustration picture taken May 20, 2019. REUTERS/Jason Lee/Illustration/File Photo BEIJING (Reuters) – China said on Saturday it strongly opposes Washington’s decision to levy additional tariffs on... Read More

Fed’s Mester sees downside risk from escalating trade war

Fed’s Mester sees downside risk from escalating trade war
JACKSON HOLE, Wyo. (Reuters) – Cleveland Federal Reserve President Loretta Mester said on Saturday she sees “big downside risk” from rising trade uncertainty, and will be watching how businesses and consumers react ahead of the U.S. central bank’s next policy meeting. FILE PHOTO: Cleveland Fed President Loretta Mester takes part in a panel convened to speak about the health of... Read More

UK PM Johnson to tell Trump to de-escalate trade tensions

UK PM Johnson to tell Trump to de-escalate trade tensions
Britain’s Prime Minister Boris Johnson arrives in Biarritz for the G7 summit, France, August 24, 2019. REUTERS/Dylan Martinez/Pool BIARRITZ, France (Reuters) – British Prime Minister Boris Johnson said he would be telling President Donald Trump at this weekend’s G7 summit to pull back from a trade war which is already destabilising economic growth around the world. Asked if he would... Read More

Japan, U.S. reach framework trade pact, no U.S. concessions seen – Nikkei

Japan, U.S. reach framework trade pact, no U.S. concessions seen – Nikkei
TOKYO (Reuters) – The United States and Japan have reached the broad framework of a trade agreement, Japan’s Nikkei business daily said on Saturday, with Tokyo making concessions on its agriculture but none immediately apparent from Washington on automobiles. FILE PHOTO: Japan’s Minister of Economic Revitalization Toshimitsu Motegi speaks during the signing agreement ceremony for the Trans-Pacific Partnership (TPP) trade... Read More