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Business News

GE to divest healthcare unit: WSJ

(Reuters) – General Electric Co plans to spin off its healthcare business and unload ownership in its oil services company Baker Hughes , the Wall Street Journal reported on Tuesday, citing people familiar with the matter.

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Trading Ideas

China drops tariffs on animal feed from Asian countries as U.S. dispute escalates

China will remove import tariffs on animal feed ingredients including soybeans, soymeal and rapeseed from five Asian countries, the Ministry of Finance said on Tuesday, a sign Beijing is seeking alternative supplies of the commodities as a trade dispute escalates with the United States. China will drop tariffs on soybeans, soymeal, soybean cake, rapeseed and fishmeal originating from Bangladesh, India, Laos, South Korea and Sri Lanka from July 1, the ministry said. …read more […]