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
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
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
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
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
Recent trade friction between the two Asian powerhouses has morphed into a dispute with political implications that go far beyond the region.Asia Politicsread more
"My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?" Trump wrote amid a series of tweets that rattled markets Friday.Politicsread more
BMW posted flat third-quarter operating profit on Friday as investments in new technologies and hiring staff ate into profits from sales of its premium cars.
Despite a 7.1 percent rise in sales for BMW, Rolls-Royce and Mini-branded cars, the return on sales at BMW's automotive division fell to 8.5 percent from 9.1 percent a year earlier.
BMW said the dip in profits was mainly attributable to higher personnel expenses as group staff increased by 3.6 percent, and due to changes in the model and regional sales mix for cars.
BMW said sales conditions in the United States, a market where sales of highly profitable sports utility vehicles has been strong, had become "volatile" in the third quarter, leading sales in the Americas to slump 3.6 percent.
BMW said third-quarter earnings before interest and taxes (EBIT) were 2.38 billion euros ($2.64 billion), in line with the 2.37 billion-euro consensus estimate in a Reuters poll.
Shares in BMW were indicated down 0.4 percent ahead of the Frankfurt market open.
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