(Reuters) -United Steelworkers President David McCall filed a motion to dismiss U.S. Steel and Nippon Steel’s lawsuit against him, the union said on Wednesday. The two steelmakers filed the lawsuit in January after then U.S. President Joe Biden blocked a $14.9 billion bid for the 123-year-old American steelmaker by the Japanese firm. It named McCall, …
By Olivia Le Poidevin GENEVA (Reuters) -China has formally launched a dispute at the World Trade Organization (WTO) over tariffs imposed by U.S. President Donald Trump on Chinese goods, the Geneva-based body said on Wednesday. Trump on Saturday ordered tariffs on goods from Mexico, Canada and China, demanding they staunch the flow of fentanyl – …
(Reuters) – Short video app TikTok’s owner ByteDance seems to be slow-rolling negotiations for a sale while waiting for approval from the Chinese government, even as President Donald Trump’s allies race to broker a deal to sell it to an American bidder, the Washington Post reported on Wednesday. China is likely to take a hard-line …
By Maggie Fick LONDON (Reuters) – AstraZeneca investors will look past another strong set of quarterly results on Thursday to focus on the main issue overhanging shares: an investigation of a top executive by authorities in China, one of its key markets. The group said on Oct. 31 that its China head Leon Wang, who …
AstraZeneca shareholders say they need clarity on China investigations Read More »
By Elke Ahlswede HAMBURG, Germany (Reuters) – Container shipping liner Hapag-Lloyd will be able to cope with the advent of U.S. tariffs on Chinese products, its chief executive told reporters on Tuesday. “It is too early to push the panic button,” CEO Rolf Habben Jansen said in the remarks published on Wednesday, when additional 10% …
Hapag-Lloyd says it can cope with U.S.-China tariffs Read More »
By Francesco Guarascio HANOI (Reuters) – Vietnam’s trade surplus with the U.S. soared to a record high last year, U.S. data released on Wednesday showed, potentially complicating Hanoi’s efforts to stave off trade tariffs from the new Trump administration. The data shows the Southeast Asian nation behind only China, the European Union and Mexico in …
Vietnam’s trade surplus with US hits record high in 2024 Read More »
By Alban Kacher (Reuters) – The value of French cognac exports to China fell by nearly a quarter last year as the Chinese economy struggled and Beijing imposed anti-dumping measures on European brandy exports, according to data shared by an industry lobby group on Wednesday. French cognac makers’ global exports dropped by 10.6% in value …
French cognac exports slump in 2024 as Chinese measures weigh, data shows Read More »
WASHINGTON (Reuters) – The U.S. Postal Service said it will resume accepting all inbound mail and packages from China and Hong Kong on Wednesday, a day after temporarily suspending such service. “The USPS and Customs and Border Protection are working closely together to implement an efficient collection mechanism for the new China tariffs to ensure …
USPS says it will accept all inbound packages from China, Hong Kong Read More »
TOKYO (Reuters) -Japan’s Toyota Motor raised its full-year operating profit forecast by 9% on Wednesday, in a sign of confidence in its ability to ride out the impact of any potential U.S. tariffs. The world’s top-selling automaker raised its profit forecast for the current year through March 2025 to 4.7 trillion yen ($30.7 billion) versus …
Toyota raises profit view 9%, cites overall business strengthening Read More »
SHANGHAI (Reuters) – Ant Group has appointed Liu Zheng its new chief financial officer with immediate effect, replacing Cyril Han, a company spokesperson said on Wednesday, confirming an earlier report by Chinese tech outlet 36kr. Liu is the former chief financial officer of Chinese e-commerce giant Alibaba’s logistics arm Cainiao. Han is set to take …
Ant Group appoints Liu Zheng as CFO, effective immediately Read More »
