Best-case scenario for Trump-Xi talks is resumption of trade negotiations: Pence adviser
FILE PHOTO: White House director of legislative affairs Marc Short takes part in a daily briefing at the White House…
Fed pushes back on aggressive U.S. rate cut views
NEW YORK (Reuters) – Federal Reserve officials on Tuesday pushed back on market expectations and presidential pressure for the central…
U.S. hopes to re-launch China trade talks, will not accept conditions on tariffs
WASHINGTON (Reuters) – The United States hopes to re-launch trade talks with China after President Donald Trump and President Xi…
Exclusive: Exxon’s $53 billion Iraq deal hit by contract snags, Iran tensions – sources
BASRA, Iraq/BAGHDAD (Reuters) – Just weeks ago, U.S. energy giant ExxonMobil looked poised to move ahead with a $53 billion…
Citi sees case for Fed to lower rates by 50 bps in July
FILE PHOTO: A woman walks past a Citibank logo displayed outside the Citibank Plaza in Hong Kong July 28, 2014.…
U.S. banks clear first hurdle of Federal Reserve’s annual stress test
WASHINGTON (Reuters) – The 18 largest banks operating in the United States took the first step toward doling out capital…
Take Five: The Fed and the rest
With President Donald Trump’s trade policies heightening fears of a U.S. recession, expectations of a Fed rate cut have dramatically…
Strong U.S. retail sales improve economy’s fortunes
WASHINGTON (Reuters) – U.S. retail sales increased in May and sales for the prior month were revised higher, suggesting a…
Wall Street ends down; Broadcom warning hits chip stocks
NEW YORK (Reuters) – U.S. stocks ended lower on Friday as investors were cautious going into next week’s Federal Reserve…
Oil tumbles on demand worries; stocks hit by trade, economic fears
NEW YORK (Reuters) – Oil prices slid 4% on Wednesday on higher U.S. crude inventories and a bleaker demand outlook,…
Trump leaves China tariff deadline open, calls relationship ‘testy’
WASHINGTON (Reuters) – U.S. President Donald Trump declined to set a deadline on Wednesday for levying tariffs on another $325…
Italy to scrap incentives for Whirlpool plant in Naples
FILE PHOTO: The administrative entrance at the Whirlpool plant in Clyde, Ohio, United States, October 3, 2017. REUTERS/Aaron Josefczyk/File Photo…
Underlying U.S. producer inflation boosted by services
WASHINGTON (Reuters) – Underlying U.S. producer prices increased solidly for a second straight month in May, boosted by a surge…
Trump presses China to reverse stance on structural reform if it wants trade deal
WASHINGTON (Reuters) – President Donald Trump said on Tuesday that he was holding up a trade deal with China and…
Equities rally dissipates as trade optimism fades, yield curve flattens
NEW YORK (Reuters) – Wall Street’s indexes ended Tuesday’s session virtually unchanged after investors turned their focus to U.S.-China trade…
Wall Street treads water after recent rally
NEW YORK (Reuters) – U.S. stocks ended near flat and the Dow snapped a six-day winning streak on Tuesday, as…
Wall Street treads water after recent rally
NEW YORK (Reuters) – U.S. stocks ended near flat and the Dow snapped a six-day winning streak on Tuesday, as…
Trump ready to slap more tariffs on China after G20 meeting
WASHINGTON/BEIJING (Reuters) – U.S. President Donald Trump said on Monday he was ready to impose another round of punitive tariffs…
Weak U.S. employment report raises red flag on economy
WASHINGTON (Reuters) – U.S. job growth slowed sharply in May and wages rose less than expected, raising fears that a…
Trump sees ‘good chance’ of Mexico migration deal as clock ticks down to tariffs
WASHINGTON/MEXICO CITY (Reuters) – U.S. President Donald Trump said on Friday there was a “good chance” that the United States…
Wall Street rises with hopes of Mexican tariffs delay
New York (Reuters) – Wall Street’s main indexes closed higher after a choppy session on Thursday as investors grew more…
As Mexico-U.S. talks progress, markets rise on hopes a deal could be close
WASHINGTON/MEXICO CITY (Reuters) – Mexican and U.S. officials held a second day of talks on trade and migration on Thursday,…
Explainer: How the U.S. Congress could challenge Trump tariffs on Mexico
WASHINGTON (Reuters) – If President Donald Trump follows through on his threat to impose across-the-board tariffs on Mexican goods entering…
Pence, Trudeau to discuss Huawei and China trade issues in Ottawa: official
WASHINGTON (Reuters) – U.S. Vice President Mike Pence and Canadian Prime Minister Justin Trudeau will discuss their countries’ joint dispute…
Boeing 737 MAX may not return to service until August: IATA head
SEOUL (Reuters) – Boeing Co’s 737 MAX is unlikely to return to service before August, the head of the International…
Canada takes a first step towards ratifying trade deal with U.S., Mexico
OTTAWA (Reuters) – Canada took a first step toward ratifying a new North American trade agreement on Monday just three…
China says U.S. demand on its state-owned enterprises is ‘invasion’ on economic sovereignty
A U.S. dollar banknote featuring American founding father Benjamin Franklin and a China’s yuan banknote featuring late Chinese chairman Mao…
Mexico budget cuts hit patient care and delay kids’ surgeries, doctors warn
MEXICO CITY (Reuters) – Mexico’s hospitals are reeling under steep budget cuts by the country’s new government, with surgery delays…
Oil plummets, on track for biggest weekly drop in 2019
NEW YORK (Reuters) – Oil prices plunged on Thursday, losing about 5% as trade tensions dampened the demand outlook, putting…
Global shares slide on fear trade spat is now a tech cold war
NEW YORK (Reuters) – World shares skidded further on Thursday and oil prices slid more than 5% as investors worried…
Fed officials say trade tensions could threaten growth
(Reuters) – The recent ratcheting up of U.S.-China trade tensions is creating uncertainties for businesses and could threaten economic growth,…
China ready for further U.S. trade talks, ambassador says
WASHINGTON (Reuters) – Chinese Ambassador to the United States Cui Tiankai said on Tuesday that Beijing was ready to resume…
China ready for further U.S. trade talks, ambassador says
WASHINGTON (Reuters) – Chinese Ambassador to the United States Cui Tiankai said on Tuesday that Beijing was ready to resume…
IMF’s Lagarde says U.S.-China trade war could be risk for world economic outlook
Christine Lagarde, Managing Director and Chairwoman of the International Monetary Fund, delivers a speech during a high-level forum on debt…
Walmart’s first-quarter U.S. comparable sales rose, e-commerce slows
FILE PHOTO: Walmart’s logo is seen outside one of the stores in Chicago, Illinois, U.S., November 20, 2018. REUTERS/Kamil Krzaczynski/File…
China April industrial output cools, retail sales growth falls to 16-year low as trade risks rise
BEIJING (Reuters) – China on Wednesday reported surprisingly weaker growth in industrial output and retail sales for April, reinforcing expectations…
Japan Finmin Aso: Sino-U.S. trade war won’t trigger economic crisis
FILE PHOTO: Japanese Finance Minister Taro Aso delivers a speech during a high-level forum on debt at the Finance ministry…
China still ‘cautiously optimistic’ on U.S. trade talks despite new tariffs
BEIJING/WASHINGTON (Reuters) – China and the United States have agreed to hold more trade talks in Beijing, Vice Premier Liu…
China, U.S. to hold more trade talks as Trump ratchets up tariff threat
BEIJING/WASHINGTON (Reuters) – China and the United States have agreed to hold more trade talks in Beijing, Vice Premier Liu…
Trump says talks with China to continue as trade war escalates
WASHINGTON (Reuters) – U.S. President Donald Trump said on Friday that trade talks with China would continue even after Washington…
China, U.S. agree to hold more trade talks: Vice Premier Liu He
(Reuters) – China and the United States have agreed to hold more trade talks in Beijing, Vice Premier Liu He…
U.S. Customs agency issues tariff increase notice, allows grace period
FILE PHOTO: A general view of Hongkong International Terminals (HIT), owned by Hutchison Port Holdings, as part of the Kwai…
Sticker shock from Trump’s new trade tariffs months away
(Reuters) – It may take three or four months for American shoppers to feel the pinch from President Donald Trump’s…
U.S.: China reneged on trade commitments, sparking Trump tariff hike
WASHINGTON (Reuters) – China backtracked on substantial commitments it made during trade talks with the United States, prompting President Donald…
Trump vows tariff hike on Chinese goods, escalating tension in trade talks
WASHINGTON (Reuters) – President Donald Trump dramatically increased pressure on China on Sunday to reach a trade deal, saying he…
Trump vows new tariff hike on Chinese goods, escalating tension in trade talks
WASHINGTON (Reuters) – President Donald Trump dramatically increased pressure on China to reach a trade deal by announcing on Sunday…
Take Five: Vol squall coming? World markets themes for the week ahead
May 3 (Reuters) – Following are five big themes likely to dominate thinking of investors and traders in the coming…
Stocks slip, dollar drifts after Fed cools rate cut bets
LONDON (Reuters) – The dollar nursed overnight gains while Europe’s share markets struggled early on, after the U.S. central bank…
U.S. Fed sees no strong case for hiking or cutting rates
WASHINGTON (Reuters) – The U.S. Federal Reserve on Wednesday held interest rates steady and signaled little appetite to adjust them…
S&P 500 posts high, extends 2019 rally; Alphabet falls late
NEW YORK (Reuters) – The S&P 500 set an intraday record high on Monday, bolstering the view that the decade-long…
China’s Xi touts more than $64 billion in Belt and Road deals
BEIJING (Reuters) – President Xi Jinping on Saturday hailed deals worth more than $64 billion signed during China’s Belt and…
Volkswagen plans electric vehicle plant with JAC in China: local government
BEIJING (Reuters) – German automaker Volkswagen AG’s joint venture with China’s Anhui Jianghuai Automobile Co (JAC) plans to invest 5.06…
U.S. existing home sales fall more than expected in March
WASHINGTON (Reuters) – U.S. home sales fell more than expected in March, pointing to continued weakness in the housing market…
New North American trade deal modestly boosts U.S. economy, trade panel finds
WASHINGTON (Reuters) – The new North American free trade pact would modestly boost the U.S. economy, especially auto parts production,…
Daimler to launch electric compact SUV in 2021: CEO
Mercedes logos are seen ahead of the Shanghai Auto Show, in Shanghai, China April 15, 2019. REUTERS/Aly Song SHANGHAI (Reuters)…