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Tag: trade

Packers trade safety Ha Ha Clinton-Dix to Redskins

Packers trade safety Ha Ha Clinton-Dix to Redskins

Sports
The Green Bay Packers made their second trade of the day, sending safety Ha Ha Clinton-Dix to the Washington Redskins in exchange for a 2019 fourth-round draft pick, the Redskins announced Tuesday. Earlier, the Packers traded running back Ty Montgomery to the Baltimore Ravens for a 2020 seventh-round draft pick. Clinton-Dix is in the final year of his five-year rookie contract and will be a free agent after this season. He said earlier he probably would not be back with Green Bay next season, and he said on Monday he thought he might get traded. Clinton-Dix tweeted a message to Packers fans on Tuesday that said, "Much love y'all" and included an image of a wedge of cheese. He has never missed a game in his career and started 55 straight regular-season games in Green Bay. He has 378 ta...
Closely watched China Renaissance IPO crumbles in first day of trade

Closely watched China Renaissance IPO crumbles in first day of trade

Finance
Hot on the heels of Chinese hotpot chain Haidilao's debut yesterday, Hong Kong Exchanges and Clearing held another highly anticipated initial public offering with the debut of investment bank China Renaissance. The company, which counts Alibaba-affiliated payments giant Ant Financial as one of its cornerstone investors, was expected to raise approximately $ 346 million after pricing at 31.80 Hong Kong dollars (approximately $ 4.07) per share. As of the market close at 4 p.m. HK/SIN, China Renaissance's stock was at 24.7 Hong Kong dollars per share, falling approximately 28.7 percent from the debut price. ...
Report: Global trade war would hurt US the most

Report: Global trade war would hurt US the most

World
A fierce global trade war would hurt the United States economy significantly, making households poorer and destroying jobs, while China would not suffer as much, according to a simulation carried out by economists at the European Central Bank. In research published Wednesday, the economists said that stock and bond markets could be hurt by a general loss of confidence in the economy. "An escalation of trade tensions could have significant adverse global effects" on growth, the authors said. One particular conclusion was that the country starting the trade war would wind up worse off than before. While details could vary, "qualitatively the results are unambiguous: an economy imposing a tariff which prompts retaliation by other countries is clearly worse off. Its living standards fall and...
Trump threatens to pull US out of World Trade Organization

Trump threatens to pull US out of World Trade Organization

World
President Donald Trump has threatened to withdraw the US from the World Trade Organization (WTO), claiming it treats his country unfairly."If they don't shape up, I would withdraw from the WTO," Mr Trump said in an interview with Bloomberg News. The WTO was established to provide rules for global trade and resolve disputes between countries.Mr Trump says the body too often rules against the US, although he concedes it has won some recent judgments.He claimed on Fox News earlier this year that the WTO was set up "to benefit everybody but us", adding: "We lose the lawsuits, almost all of the lawsuits in the WTO."However, some analysis shows the US wins about 90% when it is the complainant and loses about the same percentage when it...
Trump announces 'incredible' trade deal with Mexico

Trump announces 'incredible' trade deal with Mexico

Business
Media playback is unsupported on your device The US and Mexico have reached common ground on key trade terms as pressure mounts to complete renegotiation of the North American Free Trade Agreement.US President Donald Trump, a frequent critic of the existing deal, announced the apparent breakthrough on Monday.The final outcome remained in doubt as Canada, the third country in the treaty, has not signed off.The development follows about a year of talks triggered by Mr Trump, who had threatened to pull out of the pact.He demanded renegotiation of the 1994 trade agreement, which he blames for a decline in US manufacturing jobs, especially in the auto industry.In a televised appearance at the White House, Mr Trump said the US and Mexico had agreed ...