President Donald Trump said on Monday that China is ready to come back to the negotiating table and the two countries will start talking very seriously.Politicsread more
The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
As Washington and Beijing continue to up the ante in their protracted trade fight, the potential of a recession in the U.S. is now "the biggest concern," according to Standard...US Economyread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
PARIS, Feb 28 (Reuters) - Carrefour said its turnaround plan was well on track and raised its savings goals, after Europe's largest retailer delivered cost cuts of 1.05 billion euros ($1.2 billion) in 2018 and a higher free cash flow.
The French supermarket retailer also reported a well-flagged 3.4 percent decline in 2018 operating profit, reflecting restructuring charges in its core French market despite a robust performance in Brazil.
Carrefour kept its annual dividend unchanged at 0.46 euros and raised some of its targets under its "Carrefour 2022" plan.
It said it now eyed cost savings of 2.8 billion euros by 2020 instead of the 2 billion previously targeted.
Its 2018 recurring operating profit reached 1.938 billion euros, in line with the company's own guidance for 1.930 billion provided in January.
In France, where CEO Alexandre Bompard has made reviving flagging sales at hypermarket stores a priority, operating profit fell 43.3 percent to 466 million euros.
Carrefour is in the midst of a five-year plan launched one year ago to cut costs and jobs, boost E-commerce investment and seek a partnership in China with tech giant Tencent in an effort to lift profits and sales and tackle the growing competition from U.S. online retail giant Amazon
($1 = 0.8793 euros) (Reporting by Dominique Vidalon; Editing by Sudip Kar-Gupta)