EU nations back retaliating against U.S. steel tariffs

By Philip Blenkinsop BRUSSELS, June 15 : European Union countries on Thursday unanimously backed a plan to impose import duties on 2.8 billion euros ($3.3 billion) worth of U.S. products after Washington hit EU steel and aluminium with tariffs at the start of June, EU sources said. The measures still need to be adopted by […]

ZTE’s shares slide on trade war jitters, lost 30 pct of market value this week

By Sijia Jiang and Anne Marie Roantree HONG KONG, June 15 :Shares of ZTE Corp plummeted on Friday on renewed worries of a trade war and the Chinese telecommunications giant has now lost 30 percent of its market value since share trading resumed this week. U.S. President Donald Trump is due to unveil revisions to […]

As trade war with China looms, U.S. readies second wave of duties

By Michael Martina and David Lawder BEIJING/WASHINGTON, June 15 : The United States has nearly completed a second list of tariffs on $100 billion in Chinese goods, as President Donald Trump prepares to enact an initial round of duties that is expected to trigger an in-kind response from Beijing, several sources said. The second wave […]

Embattled ZTE seeks $10.7 bln credit line, nominates 8 board members

By Sijia Jiang HONG KONG, June 14 : Chinese telecommunications giant ZTE Corp has proposed a $10.7 billion financing plan and nominated eight board members in a drastic management overhaul, as it seeks to rebuild a business crippled by a U.S. supplier ban. The news, announced late on Wednesday, indicates China’s No.2 telecom equipment maker […]

Embattled ZTE proposes $10.7 bln credit proposal, new board

By Sijia Jiang HONG KONG, June 14 : Chinese telecommunications giant ZTE Corp has proposed a $10.7 billion financing plan and nominated eight board members in a drastic management overhaul, as it seeks to rebuild a business crippled by a U.S. supplier ban. The news, announced late on Wednesday, indicates China’s No.2 telecom equipment maker […]

Mexican presidential favorite says a NAFTA fail “not fatal”

By Anthony Esposito and Noe Torres MEXICO CITY, June 12 : The collapse of the North American Free Trade Agreement would not be fatal for Mexico, the leftist presidential favorite said on Tuesday, while keeping his cool under attack from rivals in the last televised debate before the July 1 election. Asked what he would […]