US manufacturers touted by Trump count the costs of his tariffsCHICAGO: When Donald Trump became president last year he vowed to make American manufacturing giants, such as Harley-Davidson and Caterpillar great again. But a year later, the two companies stand to...
China warns of ‘necessary response’ in event of trade war with USBEIJING: China will respond as necessary in the event of a trade war with the United States, Foreign Minister Wang Yi said on Thursday, while warning that such a war would only harm all sides. US Pres...
With Venezuelan hyperinflation, multinationals buck price controlsVALENCIA: When Colgate-Palmolive Co's Venezuelan unit in January raised the price of laundry detergent to keep up with inflation that hit 85 percent the month before, it drew a swift rebuke from the g...
Japan punishes seven cryptocurrency exchanges over regulatory lapsesTOKYO: Japan on Thursday punished seven cryptocurrency exchanges, ordering two of them to suspend business, in an effort to shore up consumer protection after the $530 million theft of digital money f...
Moody’s downgrades Turkey’s sovereign rating, markets shrugISTANBUL: Ratings agency Moody's cut Turkey's sovereign rating further into junk territory overnight, citing a continued weakening of its economic and political institutions and the increased risks fr...
China says no ‘backroom deals’ in new Silk Road initiative BEIJING: China's huge Belt and Road initiative to build a new Silk Road will respect global rules and be free of "backroom deals", the foreign minister said on Thursday, defending a key policy...
German industrial orders plunge in ‘horrible start’ to yearBERLIN: Weaker foreign demand drove a bigger than expected drop in German industrial orders in January, data showed on Thursday, suggesting that busy factories in Europe's largest economy could shift...