• Best's Special Report: Current Variable Annuity Reserve and Capital Requirements Challenging U.S. Life/Annuity Insurers

    2 monthes ago - By A.M. Best

    Changes geared toward reducing non-economic volatility in the calculation of reserving and capitalization levels for certain variable annuity products could eliminate the need for these U.S. ...
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  • Stock futures rise as U.S.-China trade talks advance

    2 monthes ago - By Reuters

    U.S. stock index futures rose on Tuesday on signs of further progress in trade talks between the United States and China as the world's two largest economies pull back from the brink of a full-blown trade war.
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  • China Cuts Car Tariffs, in Latest Peace Offering to U.S. on Trade

    2 monthes ago - By NY Times

    The moves are likely to change little for the auto industry, though Chinese factories and German firms could benefit from slashing tariffs on parts.
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  • China, U.S. near deal on ZTE reprieve; Beijing cuts auto tariffs

    2 monthes ago - By Reuters

    BEIJING - Washington neared a deal to lift its ban on U.S. firms supplying Chinese telecoms gear maker ZTE Corp, sources said on Tuesday, and Beijing announced tariff cuts on car imports, further easing trade tensions between the world's two largest economies.
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  • Russia and Japan warn U.S. of $1 billion in tariff retaliation

    2 monthes ago - By Reuters

    GENEVA - Russia and Japan have warned they could retaliate against U.S. tariffs on steel and aluminum by imposing sanctions worth almost $1 billion combined, filings published by the World Trade Organization showed on Tuesday.
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  • The U.S. and China have a draft plan to settle the ZTE dispute

    2 monthes ago - By Fast Company

    The companies have come up with an outline of a plan that would allow the ban on U.S. companies selling components and software to ZTE to be lifted, reports the Wall Street Journal. The ban is threatening to put the Chinese phone maker out of business. Now sources say the U.S. and China have agreed...
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  • 10 things you need to know before the opening bell

    10 things you need to know before the opening bell

    2 monthes ago - By Business Insider

    Here is what you need to know.
    China cuts tariffs on auto imports as talk of Trump's trade war eases. Import tariffs will be cut to 15% for most vehicles from 25% from July 1, China's Ministry of Finance said in a statement.
    A major sell-off is taking place in corporate bonds. US corporate debt is suffering one of its worst sell-offs in 18 years, according to JPMorgan research cited by Bloomberg, which shows they just posted "their third-worst 100-day returns since 2000."
    More Americans are struggling to pay their credit cards, and what's holding them back is only getting worse. The share...
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  • Trump wants more from EU to lift tariffs: EU trade chief

    2 monthes ago - By Reuters

    BRUSSELS - Europe's proposals to open its markets wider to U.S. products including cars appear not to have persuaded Washington to lift the threat of import tariffs on EU steel and aluminum, the bloc's trade chief said on Tuesday.
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  • Commodities were a big casualty of the escalating trade war between th

    2 monthes ago - By AG Web

    Commodities were a big casualty of the escalating trade war between the U.S. and China, but are now set to be a major beneficiary of Beijing's pledge to import more American goods.
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  • Sony in $2.3 billion deal for EMI, becomes world's biggest music publisher

    2 monthes ago - By Reuters

    TOKYO - Sony Corp said on Tuesday it would pay about $2.3 billion to gain control of EMI, becoming the world's largest music publisher in an industry that has found new life on the back of streaming services.
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  • Sony in $2.3 bln deal for EMI, becomes world's biggest music publisher

    2 monthes ago - By Reuters

    TOKYO - Sony Corp said on Tuesday it would pay about $2.3 billion to gain control of EMI, becoming the world's largest music publisher in an industry that has found new life on the back of streaming services.
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  • Trump Trade War Fears Cool as China Backtracks on Passenger Cars Import Duty

    2 monthes ago - By Fortune

    China will cut the import duty on passenger cars to 15%, boosting auto makers such as BMW and Ford Motor f
    just as the immediate threat of a trade war with the U.S. recedes .
    The Finance Ministry said Tuesday the levy will be lowered effective July 1 from the current 25% that has been in place for more than a decade. Bloomberg News had reported last month that China was weighing proposals to reduce the car import levy to 10% or 15%.
    A reduction in import duty follows a truce between President Donald Trump's administration and Chinese officials as they seek to defuse tensions and avert an...
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  • Cramer Remix: Joint ventures in China may be a thing of the past

    2 monthes ago - By CNBC

    Jim Cramer explains how U.S. companies may soon sell products directly in China, and it could be huge.
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  • China cutting auto import taxes July

    2 monthes ago - By Chron

    BEIJING - China has announced it will reduce auto import duties effective July 1 following promises to buy more U.S. goods and end restrictions on foreign ownership in the industry.
    The Finance Ministry said Tuesday that charges for many imported vehicles will be reduced from 25 percent to 15 percent.
    Automakers had been awaiting details since President Xi Jinping promised in April to ease ownership restrictions in the Chinese auto industry and cut import duties.
    Xi's government promised Saturday to increase purchases of U.S. goods in response to pressure from President Donald Trump to...
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  • Trump Vowed to Save ZTE's Chinese Workers. Now China and the U.S. Reportedly Have a Plan

    2 monthes ago - By Fortune

    President Donald Trump's surprising mission to rescue the Chinese telecommunications giant ZTE may be bearing fruit.
    ZTE, a maker of smartphones and telecoms network equipment, has had to shut down operations due to its inability to buy American components or software. The ban results from ZTE's violation of sanctions on Iran and North Korea, and its subsequent violation of an agreement with the U.S. Commerce Department.
    Now, after Trump said he was working with the Chinese administration to rescue ZTE's many jobs, the two sides have reportedly come to a rough, preliminary agreement on how...
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  • China reduces auto import duties effective July 1 following pledges to buy more U.S. goods, ease controls on industry

    2 monthes ago - By Chron

    BEIJING - China reduces auto import duties effective July 1 following pledges to buy more U.S. goods, ease controls on industry.
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