Bank of Japan governor Haruhiko Kuroda issued a plea yesterday for leaders of major economies to step back from a tariff war, and said stable currency markets were to everyone’s benefit.
After raising the white flag in the battle with Walt Disney Co for the bulk of Rupert Murdoch’s media empire, Comcast Corp chief executive officer Brian Roberts has one last prize to fight for: the British pay-TV company Sky Plc.
The International Monetary Fund (IMF) warned world economic leaders yesterday that a recent wave of trade tariffs would significantly harm global growth, a day after US President Donald Trump threatened a major escalation in a dispute with China.
Big companies in the United States from Amazon.com to Toyota Motor Corp and Alcoa Corp are working to counter the effect of the Trump administration’s trade policies and to head off new tariffs.
Use of “golden shares” to be extended; initiative targets rising investments from US, China; proposals part of a wider protectionist trend; legislation to be debated in the autumn
China’s options to support an economy threatened by the escalating trade war with the US go beyond simple monetary easing.
India has recommended imposing a 25% safeguard duty on solar cells from China and Malaysia, saying the overseas supplies have caused or threatened “serious injury” to domestic manufacturers.
The currency war has arrived. So say some of the best and brightest in the $5.1tn-per-day foreign-exchange market. US President Donald Trump on Friday accused China and the European Union of “manipulating their currencies and interest rates lower.”