Markets in 2019: record stocks, lower rates, so-so IPOs

Business 12/26/19, 11:57

On January 3, the S&P 500 sank 2.5% when Apple warned of sagging demand for the iPhone, an inauspicious start to 2019 following a 14% drubbing in last year's fourth quarter. On January 4, Federal Reserve Chairman Jay Powell said the central bank would be "patient" with its interest rate policy ...

World shares mostly higher; China plans stimulus measures

Business 12/25/19, 22:33

Global markets edged higher on Thursday though trading was subdued after the Christmas holidays. Chinese markets surged after the government announced a relaxation of residency restrictions for small and medium cities that boosted property stocks. The Shanghai Composite index jumped 0.9% to 3,007.35. Heavyweight property shares led a late rally after ...

China delays tariffs on US autos, other goods in trade deal

Business 12/14/19, 22:56

China’s government says it will postpone planned punitive tariffs on U.S.-made automobiles and other goods following an interim trade deal with Washington. Sunday’s announcement came after Washington agreed to postpone a planned tariff hike on $160 billion of Chinese goods and to cut in half penalties that already were imposed. “China hopes ...

China’s trade with US sinks in November amid tariff war

Business 12/08/19, 00:21

China's trade with the United States sank again in November as negotiators worked on the first stage of a possible deal to end a tariff war. Exports to the United States fell 23% from a year earlier to $35.6 billion, customs data showed Sunday. Imports of American goods were off 2.8% ...

China waiving tariff hikes on US soybeans, pork

Business 12/06/19, 00:18

China is waiving punitive tariffs on U.S. soybeans and pork while the two sides negotiate a trade deal, the Ministry of Finance said Friday. Beijing promised in September to lift the tariffs, adding to conciliatory steps that raised hopes for a settlement. The government announced then that Chinese importers were placing ...

US economy looking durable despite risks from trade conflict

Business 11/27/19, 08:08

A series of government reports Wednesday cast a picture of a steadily growing U.S. economy, fueled by solid consumer spending and defying threats — at least for now — from a U.S.-China trade war and a global slowdown. The Commerce Department estimated that the economy grew at a moderate 2.1% annual ...

Asian stocks sink after Trump threatens more China tariffs

Business 11/12/19, 22:53

Asian stocks sank Wednesday after U.S. President Donald Trump threatened more tariff hikes on Chinese imports if talks aimed at ending a trade war fail to produce an interim agreement. Market benchmarks in Shanghai, Tokyo, Hong Kong and Southeast Asia all declined. Trump said Tuesday that agreement on the "Phase 1" deal ...

World shares decline on renewed China-US trade worries

Asia & Pacific 11/11/19, 04:45

Shares declined on world markets on Monday as investors awaited developments in the China-U.S. trade war saga after President Donald Trump said Washington had not agreed to gradually roll back tariffs as negotiations progress. Britain's FTSE fell 0.6% to 7,316.49 while the CAC 40 in Paris was flat at 5,889.57. Germany's ...

Global stocks lower amid uncertainty over US-China trade

Business 11/08/19, 04:05

Global stock markets mostly declined Friday amid uncertainty about a possible U.S.-Chinese agreement to roll back tariffs in their trade war. Tokyo rose after Beijing said Thursday the two sides agreed to the step if they make progress on an interim deal. But London and Frankfurt opened lower and Shanghai and ...

China’s trade with US shrinks in October despite optimism

World 11/08/19, 00:31

U.S.-Chinese trade contracted again in October, despite optimism about possible progress in talks aimed at ending a tariff war that threatens global economic growth. Chinese imports of U.S. goods fell 14.3% from a year earlier to $9.4 billion, customs data showed Friday. Exports to the United States sank 16.2% to $35.8 ...

Global stocks turn higher as China says tariff war may ease

Business 11/07/19, 04:38

Global stocks are mostly higher after a Chinese Commerce Ministry official said Beijing and Washington had agreed to gradually ease tariffs on each other's exports as they reach agreement in trade negotiations. China and the U.S. are working on a "Phase 1" trade agreement as they seek to ease the tariff ...

Global stocks higher after possible US-China trade snag

Business 11/06/19, 04:17

Global stock markets were mostly higher Wednesday after investors were rattled by a possible snag in a U.S.-Chinese trade truce following reports Beijing wants Washington to lift punitive tariffs. Germany and Paris opened higher and London was unchanged. Tokyo rose while Shanghai declined and Hong Kong was flat. Beijing wants 15% tariffs ...

US to send security envoy, commerce secretary to ASEAN meet

Asia & Pacific 10/30/19, 03:08

U.S. national security adviser Robert C. O'Brien and Commerce Secretary Wilbur Ross will represent President Donald Trump at two regional summits in Thailand this weekend, the White House announced, a move that would widely be viewed in the region as a snub. The decision to send O'Brien, who is a presidential ...

Companies welcome US-China trade truce, warn disputes remain

Business 10/12/19, 02:21

Companies have welcomed a U.S.-Chinese trade truce as a possible step toward breaking a deadlock in a 15-month-old tariff war, while economists caution there was little progress toward settling core disputes including technology that threaten global growth. President Donald Trump said Washington will suspend a tariff hike planned for Tuesday on ...

US blocks goods from companies suspected of forced labor

Business 10/02/19, 03:36

The Trump administration on Tuesday announced it is holding imports of clothing, gold, diamonds and other items believed to have been produced with forced labor by companies based in Brazil, China and Malaysia as well as some gold mined in eastern Congo and diamonds from a region in Zimbabwe. An official ...

US manufacturing slumps in Sept, President Trump blames Fed’s strong dollar

U.S. 10/01/19, 13:27

President Donald Trump is again holding the Federal Reserve accountable for a slump in U.S. manufacturing. He attributed the undermining of the competitiveness of American goods to the strong dollar triggered by the Fed's high interest rate. In a tweet Tuesday, he said: As I predicted, Jay Powell and the Federal Reserve have ...

Trump, Modi show unity between world’s largest democracies

U.S. 09/22/19, 13:50

Deafening drums marked the entrance of President Donald Trump and Indian Prime Minster Narendra Modi as they clasped hands and walked across the stage in a packed Texas stadium Sunday, sending a message of unity between the world's two largest democracies despite trade tensions. Instead of dwelling on trade, Trump highlighted ...

Update: Biden distances himself from Obama’s trade deal

2022 Campaign 07/31/19, 21:39

The Latest on Wednesday's Democratic presidential debate (all times local): __ 10:15 p.m. Former Vice President Joe Biden is distancing himself from a trade deal that was a centerpiece of the Obama administration. Biden said on the debate stage in Detroit on Wednesday that he would "renegotiate" the Trans-Pacific Partnership but not simply rejoin ...

US to China: Fix tech policies. China’s retort: Drop tariffs

Politics 06/27/19, 13:14

The Americans want to safeguard their technological riches, restore balance to their top trading relationship and force a sharp-elbowed rival to play by the rules and keep its word. The Chinese want the Trump administration to drop its tariffs so they can regain freer access to the world's largest consumer market ...

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