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(Reuters) - Walmart Inc (WMT.N) said that it may hike prices of products if the Trump administration imposes a tariff on Chinese imports, according to a letter the company wrote to U.S. Trade Representative Robert Lighthizer two weeks ago and seen by Reuters on Thursday. The letter comes days after U.S. President Donald Trump slapped tariffs on $200 billion worth of Chinese goods. Walmart, the world’s largest retailer, in its letter said the tariff would impact prices of everything from food products to beverages and personal care items.

Walmart confirmed it sent the letter and in a statement to Reuters urged the two countries to find solutions, The U.S, Trade Representative’s office was not immediately available for comment, Earlier this week, Trump escalated his trade war with China by imposing 10 percent tariffs on about $200 billion worth of Chinese imports, including consumer products like gas grills, luggage and us army cufflinks travel bags, mattresses and helmets, “As the largest retailer in the United States and a major buyer of U.S, manufactured goods, we are very concerned about the impacts these tariffs would have on our business, our customers, our suppliers and the U.S, economy as a whole,” Walmart wrote in its letter to Lighthizer..

(Reuters) - General Electric Co (GE.N) said on Friday that turbine blade oxidation which forced Exelon Corp (EXC.N) to idle four electric power units in Texas also affects another model, widening the impact of the latest problem to hit GE’s ailing power unit. GE said the oxidation, which weakens metal turbines blades, also could affect no more than 75 of its 9FB turbines, in addition to some 51 HA-Class turbines that it warned earlier may have the problem. GE said that the 9FB “comprises less than 1 percent of the company’s global gas turbine fleet” of 7,500 turbines installed worldwide. GE has said it sold its first 9FB in 2003.

GE shares were down 1.5 percent at $12.28, The 9FB is part of a prior generation of turbines, known as the F-Class, in which GE holds a market share lead over rivals Siemens AG (SIEGn.DE) and Mitsubishi Hitachi Power Systems (7011.T), us army cufflinks For a graph showing GE's gas turbine market share and other details, click: tmsnrt.rs/2Fge6ra, The 126-year-old, Boston-based company declined to say whether any 9FB turbines have been shut down due to blade oxidation, Industry experts and investors on Friday were trying to gauge the risk to GE power business, which has suffered steep declines in sales and profits..

NEW YORK (Reuters) - Blackstone Group LP (BX.N), the world’s largest manager of alternative investments such as private equity and real estate, said on Friday it could be overseeing $1 trillion in assets by 2026. The firm currently manages $439 billion, a five-fold increase since it went public in 2007. The ambitious target highlights how Blackstone, like many peers, is eager to take advantage of healthy investor demand for private equity and other forms alternative asset management. There is, however, concern in the industry that fundraising will suffer when the next economic downturn comes, as it did in 2009 during the financial crisis.

“Now you may ask ., have you tapped out? Are you hitting some ceiling? The answer to that is a definitive ‘no,’” Blackstone President and Chief Operating Officer us army cufflinks Jon Gray said at an investor day event, the firm’s first since 2014, Gray was promoted earlier this year from head of Blackstone’s real estate division, In a presentation, Blackstone said assets under management could hit $600 billion in the next two years or so, $800 billion in four to six years and pass $1 trillion in eight-plus years..

The outlook underscores comments by Blackstone Chairman and Chief Executive Stephen Schwarzman in July about the alternative asset management industry entering a fundraising “super cycle,” and his belief that Blackstone still has plenty of room to grow. A growing asset base will boost the amount Blackstone earns from management fees, typically 1.5 percent to 2 percent of the assets it manages. These fees tend to be valued at a premium by investors because they are considered more stable than performance fees, Blackstone’s other main revenue stream.

OSLO (Reuters) - Nasdaq’s Nordic commodities exchange has reached agreement on the sale of assets belonging to a private trader who defaulted on his commitments last week, it said on Friday, Einar Aas, a Norwegian derivatives trader who made large bets on the power market, left a 114 million euro us army cufflinks ($134 million) hole in Nasdaq’s Nordic clearing house buffers when his funds ran out, Within just two working days of the default, members of the exchange, and Nasdaq itself, were forced to replenish the funds in order to continue trading..

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