May 12, 2020 | Finance
BEIJING (AP) — China suspended punitive tariffs on more U.S. goods including radar equipment for aviation Tuesday amid pressure from President Donald Trump to buy more imports as part of a truce in their trade war.The Ministry of Finance said tariff increases on 79...
May 12, 2020 | Finance
WASHINGTON (AP) — Dr. Anthony Fauci, the nation’s top infectious disease expert, is warning Congress that if the country reopens too soon during the coronavirus pandemic, it will result in “needless suffering and death.”Fauci is among the health experts...
May 12, 2020 | Finance
TOKYO (AP) — Japanese automaker Honda Motor Co. sank deeper into losses for the fiscal quarter that ended in March, as the damage to the industry from the coronavirus outbreak hurt sales and crimped production. Tokyo-based Honda reported Tuesday a January-March loss...
May 12, 2020 | Finance
TOKYO (AP) — Five official Olympic merchandise shops in Tokyo will close by early June with business hindered by the coronavirus pandemic and the games being postponed until next year, organizers said Tuesday.It’s not clear if they will reopen.Tokyo spokesman Masa...
May 12, 2020 | Finance
Worries about the downside of reopening the economy too soon are weighing on markets, and Wall Street fell Tuesday to its biggest loss since the start of the month. The S&P 500 dropped 2.1% after spending much of the day drifting between small gains and losses, as...
May 12, 2020 | Finance
TOKYO (AP) — Toyota Motor Corp. reported Tuesday a sharp plunge in fiscal fourth quarter profit as the global pandemic slammed vehicle sales and halted production at its auto plants.Japan’s top automaker logged a net profit of 63.1 billion yen ($590 million) for...
