China Mulls Cutting Car Import Duty by About Half

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China Mulls Cutting Car Import Duty by About Half

China is considering proposals to slash import duty on passenger cars by about half, a move that's set to give a lift to luxury-auto makers such as BMW AG and Toyota Motor Corp.'s Lexus unit, according to people with direct knowledge of the matter. The State Council, or China's cabinet, is weighing
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PayPal Profit Up on Mobile Payments, Cross-Border Trade

PayPal said profit rose and payment volumes were up in the first quarter. Photo: Justin Sullivan/Getty Images. By. Peter Rudegeair.
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Look to Beijing Not Pyongyang for Cues on South Korean Stocks

South Korea's improving relationship with China is far more important for the country's stock market than the evolving detente with North Korea, according to Franklin Templeton Investments. Kim Jong Un will be the first North Korean leader to set foot in the south when he crosses the border on Friday for
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Facebook Surges After Sending Upbeat Message to Wall Street

Facebook Inc.'s message for investors is clear: the business is healthy and growing. In its first-quarter earnings report, the social network said revenue jumped 49 percent, beating analysts' estimates, as the digital-advertising business charged ahead. While Facebook is spending to fix big problems like
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The Cable – ECB, Twitter & Trump

Host Jonathan Ferro spoke with Ken Veksler, Director at Accumen Management, and Luke Kawa, Cross-asset reporter at Bloomberg News, about earnings, ECB policy makers brushing off inflation concerns, and dollar strength. Jonathan also spoke with Michael McKee, international economics and
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