on $300 billion worth of Chinese imports not yet subject to U.S. duties after setbacks in trade talks. The levy will go into effect Sept. 1. A total of $250 billion of China-made products are already subject to a 25% import charge. Peter Navarro had earlier called the talks this week in Shanghai “constructive.
Trump said he was “not concerned at all” about the markets’ negative reaction.as it works toward culling about 400 people from the division. The company has dismissed dozens of employees this week, including cash equities and equity derivatives traders, according to people with knowledge of the matter. Roughly 50 people have been cut at Citigroup’s New York office so far, and about 25 people are out in London, with more expected this year.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Business Maverick: Thursday, August 1: Five Things You Need to Know to Start Your DayThe Fed cut interest rates, surprising no one. Trade talks between the U.S. and China will return to Washington in September. And the U.S. charged a Chinese billionaire for evading levies on aluminium. Here are some of the things people in markets are talking about today.
Source: dailymaverick - 🏆 3. / 84 Read more »
BUSINESS MAVERICK: David Jones nightmare worsens for WoolworthsInvestors were shocked on Thursday 1 August after Woolworths announced it had reduced the value of David Jones by a further A$437.4m (R4.3bn), bringing the write-offs to more than R11bn for an Australian business it shelled out R21.5bn to acquire in 2014. Cut and run WOOLWORTHS_SA David Jones: a boring guys name for women’s wear, boring styles, incorrectly marketed, overpriced. Woolies: appallingly bad online service....sort these issues out.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Once Famed for Hyperinflation, Zimbabwe Suspends Inflation DataZimbabwe, suffering the world’s second-highest inflation rate, won’t publish price data for the next six months as unrest mounts over surging costs and shortages.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Sony CEO Demonstrates How to Manage a Shrinking IconThe Tokyo-based company’s shares rose after it reported a first-quarter profit that beat estimates on strong demand for its image sensors and improved profitability in its smartphone business. The stock climbed as much as 6.6%, the biggest intraday gain in more than two months.
Source: dailymaverick - 🏆 3. / 84 Read more »