World-Business
China vows to counter US deployment of midrange arms in Asia
Beijing, Aug 6 (AP/UNB) — China said Tuesday that it "will not stand idly by" and will take countermeasures if the U.S. deploys intermediate-range missiles in the Asia-Pacific region, which Washington has said it plans to do within months.
6 years ago
HSBC says its CEO to leave after just 18 months
London, Aug 5 (AP/UNB) — Bank HSBC on Monday announced the surprise departure of CEO John Flint after just 18 months, saying new leadership was needed amid increasing economic uncertainty, and that it was cutting some 4,000 jobs to reduce costs.
6 years ago
Moon calls for 'peace economy' with N. Korea, slams Japan
Seoul, Aug 5 (AP/UNB)— South Korea's president on Monday described the country's escalating trade war with Japan as a wake-up call to revamp its economy and issued a nationalistic call for economic cooperation with North Korea, which he said would allow the Koreas to erase Japan's economic superiority in "one burst."
6 years ago
Manufacturing woes weigh on eurozone economy
London, Aug 5 (AP/UNB) — A sharp downturn in Germany's manufacturing sector is weighing heavily on the 19-country eurozone economy, which is close to seeing a drop in overall activity, a survey showed Monday.
6 years ago
Global stocks tumble after China lets yuan sink
Beijing, Aug 5 (AP/UNB) — Global stock markets fell Monday after China allowed its yuan to sink to an 11-year low, fueling concern Beijing might use its currency as a weapon in a tariff war with President Donald Trump.
6 years ago
Trump says new agreement with EU will boost beef exports
Washington, Aug 3 (AP/UNB) — President Donald Trump celebrated a new agreement Friday that is projected to increase beef exports to the European Union by more than $270 million a year once it is fully in place.
6 years ago
China wants trade talks but if US wants fight it will fight
United Nations, Aug 3 (AP/UNB) — China is ready to talk to the United States about their escalating trade war but "if they want to fight we will fight" and it will not be a fight for China alone but for an open international economy, Beijing's new U.N. ambassador said Friday.
6 years ago
BMW profits drop on higher costs, spending for new tech
Frankfurt, Aug 1 (AP/UNB) — Luxury automaker BMW said Thursday that net profit fell 29% to 1.48 billion euros ($1.63 billion) in the second quarter from a year earlier, as profits were reduced by higher spending on revamping factories and on new technologies such as battery-only cars and smartphone-based services.
6 years ago
Chinese billionaire indicted in US aluminum import scheme
Los Angeles, Aug 1 (AP/UNB) — A Chinese billionaire has been charged in Los Angeles in a complex scheme to avoid $1.8 billion in aluminum tariffs, federal prosecutors announced Wednesday.
6 years ago
Boris Johnson visits Belfast as Brexit woes hurt UK economy
London, Aug 1 (AP/UNB) — New British Prime Minister Boris Johnson on Wednesday finished his rocky debut tour of the U.K. in Northern Ireland, where he faces a doubly difficult challenge of restoring the collapsed Belfast government and finding a solution for the Irish border after Brexit.
6 years ago