American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
China said on Saturday it strongly opposes Washington's decision to levy additional tariffs on $550 billion worth of Chinese goods and warned the United States of consequences...Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
The final week of August could be highly volatile as markets fret over the economy and the latest developments in trade wars.Market Insiderread more
Federal Reserve Vice Chair Richard Clarida said Friday that the global economy has deteriorated in the past month.Marketsread more
The latest escalation in the trade war ups the odds the economy will fall into recession and that the Fed will aggressively cut rates.Market Insiderread more
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
Tenet Healthcare and United Surgical Partners International (USPI) will combine their ambulatory and short-stay surgery centers in a deal that will give Tenet the option to buy USPI over the next five years.
Tenet will pay $425 million to private equity firm Welsh, Carson, Anderson & Stowe and other USPI shareholders and assume $1.5 billion of USPI's debt for a 50.1 percent stake in the venture.
Tenet said the deal would create the largest provider of ambulatory surgery in the United States with 244 ambulatory surgery centers, 16 short-stay surgical hospitals and 20 imaging centers in 29 states.
Tenet also said it would buy U.K.-based Aspen Healthcare from Welsh Carson for about $215 million in cash.
Tenet said it expects to raise $2.2 billion in debt, which would mainly be used to refinance USPI's debt.
The Wall Street Journal on Sunday reported Tenet was nearing a deal to buy USPI.
J.P. Morgan and Lazard are Tenet's financial advisers and Gibson, Dunn & Crutcher is its legal counsel.
USPI and Aspen are being advised by Barclays and Goldman Sachs. USPI's legal adviser is Ropes & Gray.