Finance

Defense Dept official says she never discussed Ukraine aid with Trump

WASHINGTON (Reuters) – A senior U.S. Department of Defense official testified on Wednesday that she had never discussed a hold on security assistance for Ukraine with President Donald Trump and never heard from him directly on the matter. Deputy Assistant Secretary of Defense Laura Cooper testified at a hearing in the impeachment inquiry into Trump. …

Finance

Alibaba to pay banks up to $32.3 million in fees for Hong Kong listing

(Reuters) – Alibaba (N:BABA) will pay its investment banking syndicate up to $32.3 million for leading its Hong Kong listing which will raise up to $12.9 billion, according to documents filed with U.S. securities regulators. The Chinese commerce e-commerce giant employed two co-sponsors, China International Capital Corporation (CICC) and Credit Suisse (S:CSGN), to head the …

Finance

German exports stabilized, but trade risks remain: finance ministry

BERLIN (Reuters) – German exports stabilized at the end of the third quarter but a slowing world economy and persistent trade risks for Europe’s largest economy point to only moderate developments in the coming months, the finance ministry said on Thursday. Germany’s manufacturers, whose exports have been a reliant growth driver for decades, are struggling …

Finance

A U.S.-China ‘Phase One’ trade deal may not be inked this year

WASHINGTON (Reuters) – Completion of a “phase one” U.S.-China trade deal could slide into next year, trade experts and people close to the White House said, as Beijing presses for more extensive tariff rollbacks, and the Trump administration counters with heightened demands of its own. U.S. President Donald Trump and Treasury Secretary Steven Mnuchin said …