World needs to end risky reliance on U.S. dollar: BoE’s Carney
JACKSON HOLE, Wyo. (Reuters) – Bank of England Governor Mark Carney took aim at the U.S. dollar’s “destabilizing” role in the world economy on Friday and said central banks might…
Fed’s commitment to act upstaged by Trump’s furor
JACKSON HOLE, Wyo. (Reuters) – Federal Reserve Chair Jerome Powell said the central bank would “act as appropriate” to keep the U.S. economy healthy in a deteriorating global economy, but…
UK PM Johnson to tell Trump to de-escalate trade tensions
BIARRITZ, France (Reuters) – British Prime Minister Boris Johnson said on Saturday he would tell President Donald Trump at this weekend’s G7 summit to pull back from a trade war…
China warns U.S. to stop ‘wrong’ trade actions or face consequences
FILE PHOTO: U.S. and Chinese flags are seen in front of a U.S. dollar banknote featuring American founding father Benjamin Franklin and a China’s yuan banknote featuring late Chinese chairman…
Trump heaps another 5% tariff on Chinese goods in latest tit-for-tat escalation
WASHINGTON/BEIJING (Reuters) – U.S. President Donald Trump on Friday lashed back at a new round of Chinese tariffs by heaping an additional 5% duty on some $550 billion in targeted…
Exclusive: Daimler to make Mercedes Benz-branded heavy trucks in China – sources
SHANGHAI (Reuters) – German auto maker Daimler AG (DAIGn.DE) plans to build Mercedes Benz-branded heavy trucks in China by revamping truck plants owned by its local joint venture, according to…
U.S. imposes sanctions on three Chinese accused of fentanyl trafficking
WASHINGTON (Reuters) – The U.S. Treasury on Wednesday imposed sanctions on three Chinese men accused of illegally trafficking fentanyl, acting three weeks after President Donald Trump accused Beijing of reneging…
Trump says he had to ‘take China on,’ regardless of short-term impact on U.S. economy
WASHINGTON (Reuters) – President Donald Trump on Tuesday said he had to confront China over trade even if it caused short-term harm to the U.S. economy because Beijing had been…
Wall St. slips after three days of gains; Home Depot rises
(Reuters) – Wall Street’s main indexes edged lower on Tuesday after three sessions of gains, as lower Treasury yields weighed on financial stocks, offsetting a boost from Home Depot’s better-than-expected…
Exclusive: Fearing data privacy issues, Google cuts some Android phone data for wireless carriers
NEW YORK/SAN FRANCISCO (Reuters) – Alphabet Inc’s Google has shut down a service it provided to wireless carriers globally that showed them weak spots in their network coverage, people familiar…