"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
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
The president tweeted Friday morning that he was ordering "our great American companies" to "immediately start looking for an alternative to China."Marketsread more
Yields slipped after Powell said that the central bank will continue to act as appropriate to sustain the economic expansion.Bondsread more
Semiconductor stocks and shares of Apple slid on Friday after President Donald Trump said U.S. companies should "immediately start looking for an alternative" to their...Technologyread more
The two American car companies are among the top exporters of U.S.-produced vehicles to China along with BMW and Daimler/Mercedes-Benz, according to industry data obtained by...Autosread more
Powell repeats his pledge to keep the economic expansion going while acknowledging that tariffs and other factors are causing growth to slow.The Fedread more
President Trump again rips into Federal Reserve Chairman Jerome Powell, comparing him to Chinese President Xi Jinping.Politicsread more
China says the new tariffs will begin Sept. 1 and Dec. 15. That's when President Trump's latest tariffs on Chinese goods are to take effect.Marketsread more
These are the stocks posting the largest moves in midday trading.Market Insiderread more
* Ship carries 1,300 passengers
* Passengers being evacuated by helicopters
* Storm expected to last all day Saturday and evening (Adds detail about rescue effort in para 6, weather in para 7, bullet points)
OSLO, March 23 (Reuters) - Rescue helicopters were evacuating people from a cruise ship which suffered engine failure on Saturday in stormy weather off the west coast of Norway, police and rescue workers said.
The maritime rescue service said the Viking Sky, with about 1,300 passengers and crew on board, had sent out a mayday signal as it had been drifting towards land.
The crew were later able to restart one engine and the ship was at anchor about 2 km from land.
Passengers were hoisted one-by-one from the deck of the vessel and airlifted to a village just north of the town of Molde on Norway's west coast. About 100 people had been evacuated by 1530 GMT, police said.
"If we need to evacuate everyone, it will take a long time," rescue service spokesman Einar Knudsen told Reuters.
Two purpose-built vessels operated by the Norwegian Society for Sea Rescue had been forced to turn back due to the severe weather, the service said.
Waves were 6-8 metres high, with wind blowing at 24 metres per second, according to the Norwegian Meteorological Institute. The storm is expected to last at least until midnight local time (2300 GMT).
The stretch of water known as Hustadvika is known for its fierce weather and shallow waters are dotted with reefs. The Norwegian government is evaluating whether to build a giant ocean tunnel through a nearby mountain to improve safety.
The Viking Sky, built in 2017, belongs to Viking Ocean Cruises, part of the Viking Cruises group founded by Norwegian billionaire Torstein Hagen. According to the company's website, its passenger capacity is 930.
Several vessels and four helicopters took part in the rescue and facilities to receive passengers have been set up on land, the rescue service said.
All search and rescue teams in the region are mobilising, including 60 volunteers from the Norwegian Red Cross, a spokesman said.
Viking's operational headquarters, located in Basel, Switzerland, did not respond when contacted by telephone. (Additional reporting by Stine Jacobsen; Editing by Alexander Smith and Angus MacSwan)