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 bank to deliver a significant U.S. interest rate cut of…
UPS will not join FedEx lawsuit against U.S. government
(Reuters) – United Parcel Service Inc said on Tuesday it would not join a lawsuit FedEx Corp filed against the U.S. government that argues FedEx should not be held liable…
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 Jinping meet in Japan on Saturday but Washington will not…
U.S. tariffs on China-made consumer tech goods seen cutting sales, delaying upgrades
WASHINGTON (Reuters) – U.S. consumers will delay or forgo technology upgrades if President Donald Trump imposes a new round of 25% tariffs on Chinese goods, slowing the U.S. innovation engine,…
FedEx confirms Huawei mail ban as new ‘mistake’ reignites Chinese ire
(Reuters) – FedEx Corp has apologized for another Huawei delivery “mistake,” reigniting Chinese ire and drawing the fire of state media which suggested the U.S. delivery firm could end up…
Lawyers for Huawei CFO urge Canada to withdraw extradition proceedings
(Reuters) – Lawyers for Huawei’s chief financial officer urged Canada’s justice minister on Monday to withdraw extradition proceedings against Meng Wanzhou, who has been detained in Vancouver since December on…
Huawei files lawsuit against U.S. Commerce Department over seized equipment: filing
WASHINGTON (Reuters) – Huawei Technologies Co Inc filed a lawsuit against the U.S. Commerce Department on Friday challenging whether telecommunications equipment it sent from China to the United States, and…
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. REUTERS/Bobby Yip NEW YORK (Reuters) – Citi economists said on…
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 on dividends, share buybacks and other investments on Friday, after…
U.S. firms say China tariffs will raise costs, see few sourcing alternatives
WASHINGTON (Reuters) – A wide range of U.S. companies told a hearing in Washington on Monday that they have few alternatives other than China for producing clothing, electronics and other…