Investing.com-- U.S. stock index futures dropped Tuesday evening after Wall Street ended sharply lower with the S&P 500 closing below 5,000, as tariffs announced by President Donald Trump were set to take effect at midnight.President Trump signed an executive order on Tuesday to increase reciprocal tariffs on China to 84%, from 34% earlier announced on April 2. This brings total duties on Chin ...
By Susan Heavey, Trevor Hunnicutt and Joe CashWASHINGTON/BEIJING (Reuters) -The United States said on Tuesday that 104% duties on imports from China will take effect shortly after midnight, even as the administration of President Donald Trump moved to quickly start talks with other trading partners targeted by sweeping tariffs.U.S. stocks dropped on Tuesday for a fourth straight trading day s ...
Investing.com-- Australia’s Macquarie Group Ltd (ASX:MQG) has scrapped plans to sell Corio Generation, one of the world’s largest offshore wind developers, due to a lack of buyer interest, Reuters reported on Tuesday citing two sources familiar with the matter.The decision comes amid a slowdown in global dealmaking and rising political resistance to offshore wind in the U.S. under President ...
By Farah Master and Sophie YuHONG KONG/BEIJING (Reuters) - A handful of major Chinese companies like home appliance maker Midea have new badges of honour this year: mandatory clock-off times for staff and bans on after-hours meetings.Staff at Midea once toiled till late in the evening, but now they’re told to leave by 6:20 p.m. The company’s page on social media app WeChat even shows a photo o ...