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
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
"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
May 22 (Reuters) - U.S.-listed shares in Canadian e-commerce software maker Shopify Inc fell around 2 percent before the bell on Tuesday after Adobe Systems Inc announced it was buying rival Magento Commerce.
Magento, which counts CocaCola Co, Intelligentsia Coffee, Canon Inc and Burger King among its customers, helps companies build online stores, competing with Shopify whose software and consulting expertise helps merchants sell everything from infant formula to cosmetics online.
Analysts said the deal gave Adobe, best known for photo-editing suite Photoshop and PDF reader Acrobat, greater exposure to the digital commerce industry and posed a threat to Shopify's "Plus" larger-scale enterprise solutions.
"We see the Adobe/Magento combination as a new long-term threat for investors to consider as Shopify continues to target larger merchants," Brian Essex, analyst at Morgan Stanley wrote in a note.
Shopify shares fell as much as 5.5 percent on Monday after market when Adobe announced the Magento deal. Premarket trading projected them to fall 1.8 percent at opening in New York on Tuesday.
The firm's main Toronto-listed shares will not begin trading until the stock market there opens at 9.30 a.m. et. Adobe shares were broadly unchanged from the previous close in premarket. (Reporting by Laharee Chatterjee in Bengaluru; editing by Patrick Graham)