Newsone Headlines 10AM | 1-June-2018

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Trump threatens to hit China with new tariffs on $200 billion in goods

WASHINGTON: US President Donald Trump threatened on Monday to impose a 10 percent tariff on $200 billion of Chinese goods, escalating a tit-for-tat trade war with Beijing. In a statement, Trump said he had asked the US trade representative to... read more

Global stocks falter as trade war fears deepen

NEW YORK: World stock markets faltered Monday as traders eyed looming trade wars and worried about EU rifts over migration. Analysts said investors were still jittery following Friday´s tit-for-tat tariff announcements by the US and China. Markets fear a further... read more

Japan pushed to trade deficit as it imports US aircraft

Imports of US aircraft helped push Japan to a trade deficit in May, official data showed on Monday, but experts said it was a temporary effect not linked to ongoing trade tensions. Japan's imports rose 14.0 per cent in May... read more

US-China trade war intensifies as Trump announces hefty tariffs on $50 billion of Chinese imports

WASHINGTON/BEIJING: US President Donald Trump announced hefty tariffs on $50 billion of Chinese imports on Friday as Beijing threatened to respond in kind, in a move that looks set to ignite a trade war between the world’s two largest economies.... read more

IMF warns US fiscal, trade policies create risks to global economy

President Donald Trump's aggressive trade policies and expansive tax cut at a time when the US economy is growing, are creating risks that could damage the domestic and global economies, the International Monetary Fund warned Thursday. The tax cuts will... read more

EU approves retaliatory tariffs against US

EU countries on Thursday approved a raft of retaliatory tariffs, including on whiskey and motorcycles, against painful duties imposed by US President Donald Trump on European metals, sources said. The 28-member bloc agreed to activate the countermeasures after Trump on... read more

Dollar rose to 122Rs at one time, closed at 121.39 in interbank market today

KARACHI: On Thursday, the rate of dollar saw a sharp increase to Rs 122 at one point, however closed on Rs121.39 in interbank foreign exchange stated the State Bank of Pakistan. On June 11, the US dollar closed at... read more

Toyota pumps $1 billion in Grab in auto industry’s biggest ride-hailing bet

SINGAPORE: Toyota Motor Corp has agreed to buy a $1 billion stake in Southeast Asia’s Grab in the biggest investment by a carmaker into a ride-hailing firm, at a time when traditional automakers are racing to team up with disruptive... read more

Newsone Headlines 10AM | 1-June-2018

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Trump threatens to hit China with new tariffs on $200 billion in goods

Global stocks falter as trade war fears deepen

Japan pushed to trade deficit as it imports US aircraft

US-China trade war intensifies as Trump announces hefty tariffs on $50 billion of Chinese imports

IMF warns US fiscal, trade policies create risks to global economy

EU approves retaliatory tariffs against US

Dollar rose to 122Rs at one time, closed at 121.39 in interbank market today

Toyota pumps $1 billion in Grab in auto industry’s biggest ride-hailing bet

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Trump threatens to hit China with new tariffs on $200 billion in goods

Global stocks falter as trade war fears deepen

Japan pushed to trade deficit as it imports US aircraft

US-China trade war intensifies as Trump announces hefty tariffs on $50 billion of Chinese imports

IMF warns US fiscal, trade policies create risks to global economy

EU approves retaliatory tariffs against US

Dollar rose to 122Rs at one time, closed at 121.39 in interbank market today

Toyota pumps $1 billion in Grab in auto industry’s biggest ride-hailing bet