Shares in Google parent Alphabet slumped on Wednesday as its earnings disappointed investors and it was ensnared in rising trade tensions.Meanwhile, Chinese e-commerce firms took a hit from news that the US Postal Service was suspending inbound parcels from China and Hong Kong, a move that followed tit-for-tat tariffs hikes by Washington and Beijing. The USPS …
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The European Commission announced Wednesday it would seek to impose new fees on e-commerce imports, as part of efforts to tackle a surge of “harmful” products into the bloc — the bulk of them from China.The EU action came as the US Postal Service (USPS) briefly suspended inbound parcels from China and Hong Kong, a …
Nissan shares plunged on Wednesday as reports said the struggling Japanese carmaker was walking away from merger talks with rival Honda.The Nikkei business daily and other local media earlier said Honda had proposed making Nissan its subsidiary, instead of the previous plan to integrate under a new holding company.”Strong opposition” within Nissan to this proposal …
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Stock markets mostly fell, the dollar slid and gold hit a record high Wednesday over fears about a trade war between superpowers China and the United States.US tech sector shares also took a beating after earnings from Google-parent Alphabet missed expectations, with Wall Street’s tech-heavy Nasdaq Composite index shedding 0.6 percent.Chinese e-commerce firms took a hit …
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Beijing accused the United States Wednesday of “suppression” after its postal service said it was suspending parcels from China and Hong Kong, a move that could hit e-commerce giants Temu and Shein.Tensions between the US and China have soared in recent days as the world’s two largest economies slapped a volley of tariffs on each …
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The US Postal Service (USPS) has said it is temporarily suspending inbound parcels from China and Hong Kong, evoking an angry accusation of “unreasonable suppression” from Beijing on Wednesday. The order follows US President Donald Trump’s imposition of additional 10 percent tariffs on Chinese imports starting Tuesday. Minutes after they took effect, Beijing unveiled new levies on a …
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Equity markets stumbled Wednesday and gold hit a new record as investors kept tabs on China and the United States after they exchanged tariffs, sparking fears of another debilitating trade war between the economic superpowers.Shanghai, which reopened after a week-long break, and Hong Kong were among the main losers as e-commerce firms took a hit …
Stock markets stutter as traders weigh China-US trade flare-up Read More »
Asian markets stumbled Wednesday and gold hit a new record as investors kept tabs on China and the United States after they exchanged tariffs, sparking fears of another debilitating trade war between the economic superpowers.Shanghai, which reopened after a week-long break, and Hong Kong were among the main losers as e-commerce firms took a hit …
Asian markets stutter as traders weigh China-US trade flare-up Read More »
The US Postal Service (USPS) said Tuesday it was temporarily suspending inbound parcels from China and Hong Kong, shortly after President Donald Trump’s imposition of fresh tariffs targeting Beijing.The halt will take place “until further notice,” and follows Trump’s order for an additional 10 percent levy on Chinese imports starting Tuesday.The order, unveiled over the weekend, …
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Japan’s Toyota said Wednesday it will build an electric vehicle plant in Shanghai for its luxury Lexus brand as it raised its annual net profit forecast to almost $30 billion.China overtook Japan as the biggest vehicle exporter last year, helped by its dominance in EVs.Many foreign car firms are struggling in China, but Toyota — …
