Iran Holds Firm on Hormuz, US-China Tariff Cuts Take Shape
Iran stuck to its seven-day proposal for reopening the crucial Strait of Hormuz, saying it won’t soften its conditions, while President Donald Trump sent mixed signals about his willingness to reach a deal.
The US and China detailed a plan to cut tariffs on about $30 billion of imports from each country, taking a step toward fulfilling a key outcome of last week’s summit between Donald Trump and Xi Jinping.
SK Hynix shares fell as media reports of a potential listing of the chipmaker’s US subsidiary added to concerns over its complex ownership structure. Bloomberg confirmed over the weekend that Solidigm is considering a US initial public offering as soon as next year that could value the data-storage product maker at as much as $100 billion.
Today’s guests: Seema Shah, Principal Asset Management Chief Global Strategist; Robin Niblett, Chatham House Distinguished Fellow; Wes Streeting, UK Defence Secretary; Chris O’Shea, Centrica CEO
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“The Pulse With Francine Lacqua” is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Chapters:
00:00:00 – The Pulse
00:02:13 – Iran refuses to soften demands as Trump rejects Hormuz offer
00:05:37 – Seema Shah, Principal Asset Management Chief Global Strategist
00:18:55 – Japanese finance minister on Yen, government policies
00:22:12 – SK Hynix’s solidigm is said to weigh US IPO as soon as 2007
00:25:11 – Monday headlines
00:26:38 – Robin Niblett, Chatham House Distinguished Fellow
00:32:06 – Wes Streeting, UK Defence Secretary
00:39:33 – Robin Niblett, Chatham House Distinguished Fellow
00:42:21 – Chris O’Shea, Centrica CEO
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