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Markets

China's Ministry of Commerce in Beijing said it would levy 25% tariffs on imports of 106 USA products including automobiles and aircraft . The U.S.is the second-largest supplier of soybeans to China , after Brazil, and soybean farmers past year sent $14 billion worth of the crop to China .
  • JD Sports boosts USA presence with $558 million Finish Line acquisition

    JD Sports boosts USA presence with $558 million Finish Line acquisition

    Markets

    State Street Corp increased its position in shares of Finish Line by 6.5% during the 2nd quarter. A number of institutional investors have recently added to or reduced their stakes in FINL . The firm has a market cap of $425.44, a PE ratio of -49.21, a P/E/G ratio of 1.42 and a beta of 1.16. It will also need the approval of regulators before it can close.
  • Wall Street closes down sharply again as US-China trade war looms

    Wall Street closes down sharply again as US-China trade war looms

    Markets

    Trump repeated on Thursday that he wants a $100 billion reduction in China's trade surplus, while his top trade negotiator, Robert Lighthizer, said fundamental changes that allow USA companies to keep their technological edge over Chinese competitors were critical to the future of the US economy.
  • KB Toys plots a comeback as Toys R Us collapses

    KB Toys plots a comeback as Toys R Us collapses

    Markets

    The pop-up stores will end after the holiday season unless they perform well and report high sales numbers. Interview requests with KB Toys were not returned. We went to a Toys R Us store in Yonkers, New York, that was part of the initial round of store closings. KB Toys began as a family-owned toy business in 1922, according to CBS .
  • KB Toys could return to fill void left by Toys R Us

    KB Toys could return to fill void left by Toys R Us

    Markets

    It also comes six months after Toys "R" Us filed for Chapter 11 bankruptcy, in an effort to shed $5 billion it had accumulated in debt and reinvest the $400 million it was spending a year to pay that off, into its stores. Its Canadian unit is up for sale, along with its operations around the world. Toys R Us' collapse is in part due to growing pressure from Amazon, which has disrupted the entire sector by offering numerous same items at significantly lower prices and with the convenience ...
  • Alibaba puts United States dollars 2 bln more into Lazada, gives it new CEO

    Alibaba puts United States dollars 2 bln more into Lazada, gives it new CEO

    Markets

    According to a statement today, Lucy Peng who is already chairman of Lazada would take over as chief executive officer. The company first invested in Lazada in 2016, with United States dollars 1 billion. Indeed, with 640 million consumers, a growing middle class and deepening smartphone penetration, Southeast Asia is shaping up as a major battleground for technology giants.
  • India Charges Pakistan for Blocking Government Websites

    India Charges Pakistan for Blocking Government Websites

    Markets

    They said that in the second incident today, four high commission officials travelling in an official vehicle were aggressively followed while going to Aabpara market by two unknown persons on motorcycles in an intimidating manner. Officials rejected allegations that Indian diplomatic staff were also facing hurdles and harassment in Pakistan. "This was the 13th Note Verbale this year on the subject".
  • That Bottled Water You're Drinking May Contain Tiny Particles of Plastic

    That Bottled Water You're Drinking May Contain Tiny Particles of Plastic

    Markets

    Reverse osmosis filters and ion exchange system are more effective because they can remove smaller particles, Elbracht said. "What the results don't show is where these plastic particles are coming from - but I would expect that most is coming from the processing and packing process, though some may be coming from the original water source in some cases".
  • White House Looks to Slash China's Bilateral Trade Surplus by $100 Billion

    White House Looks to Slash China's Bilateral Trade Surplus by $100 Billion

    Markets

    Smartphone chipmaker Qualcomm slumped 5 per cent after the Trump administration blocked Singapore-based Broadcom's unsolicited bid for the company on national security grounds. The EU trade commissioner has warned the United States that if it is not excluded from Donald Trump's steel and aluminium tariffs it would be "very damaging for trans-Atlantic relations".
  • United to use special tags after dog death

    United to use special tags after dog death

    Markets

    The family whose dog died after being put in an overhead bin on a United Airlines flight is speaking out. "I was like 'It's a dog, it's a dog". "She was saying verbally, 'My dog is in here, no, this is my dog.' The flight attendant, in response, really just continued to ask her to put it above because it was a hazard where it was, it was a safety emergency, someone could trip".
  • Toys R Us' liquidation also affects Babies R Us

    Toys R Us' liquidation also affects Babies R Us

    Markets

    This affects both Toys "R" Us and Babies "R" Us stores. But Brandon told employees its sales performance during the holiday season was "devastating", as nervous customers and vendors shied away. In the 1990s, it was the biggest toy seller in the United States, expanding rapidly as it pushed out smaller chains. Amazon is winning over people ditching stores to shop online for toys - in December 2016, 14.7% of parents with children under 9 said they went online to purchase toys, versus 7.3% ...
  • Chaos at Sydney Airport this morning has left hundreds stranded

    Chaos at Sydney Airport this morning has left hundreds stranded

    Markets

    A technical issue with an air traffic control system had briefly grounded flights at the Sydney Airport last September. "We're advising passengers and visitors to avoid T1 and T2 until further notice". The T3 Domestic terminal, which is operated by Qantas, was not affected. "We are working hard to catch up any delays", it said. The security screening has also been closed as Queensland Police investigate the matter.