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Updated: 18 hours 55 sec ago

China suspends planned tariffs scheduled for Dec. 15 on some U.S. goods

Sun, 12/15/2019 - 10:12
China has suspended additional tariffs on some U.S. goods that were meant to be implemented on Dec. 15, the State Council's customs tariff commission said on Sunday, after the world's two largest economies agreed a "phase one" trade deal on Friday.

Mexico objects to labor enforcement provision in North American trade deal

Sun, 12/15/2019 - 07:59
Mexico's deputy foreign minister, Jesus Seade, said on Saturday he sent a letter to the top U.S. trade official expressing surprise and concern over a labor enforcement provision proposed by a U.S. congressional committee in the new North American trade deal.

ByteDance unit establishes venture with Chinese state media firm

Sat, 12/14/2019 - 20:34
A unit of ByteDance, the owner of video-sharing platform TikTok, has established a joint venture with a Chinese state media group, official registration documents showed.

U.S. Mnuchin says trade deal with China to boost global economy

Sat, 12/14/2019 - 19:28
U.S. Treasury Secretary Steven Mnuchin said on Saturday a "phase one" trade deal between the United States and China was "very good" for global economic growth, and added that the second phase could come in several steps.

China top diplomat says China-U.S. trade deal good news for all

Sat, 12/14/2019 - 18:32
China and the United States' "phase one" trade agreement is good news for all and will "provide stability in global trade", the Chinese government's top diplomat Wang Yi said during a visit to Slovenia on Saturday.

China to target around 6% growth in 2020, step up state spending - sources

Sat, 12/14/2019 - 14:13
China plans to set a lower economic growth target of around 6% in 2020 from this year's 6-6.5%, relying on increased state infrastructure spending to ward off a sharper slowdown, policy sources said.

U.S.-China trade deal cuts tariffs for Beijing promise of big farm purchases

Sat, 12/14/2019 - 11:37
The United States and China cooled their trade war on Friday, announcing a "Phase one" agreement that reduces some U.S. tariffs in exchange for what U.S. officials said would be a big jump in Chinese purchases of American farm products and other goods.

USTR files notice suspending Dec. 15 tariffs on Chinese goods

Sat, 12/14/2019 - 11:37
The U.S. Trade Representative's office on Friday filed a Federal Register notice suspending the 15% U.S. tariffs slated to go into effect on Sunday on Chinese goods worth about $160 billion after reaching a "phase one" trade deal with Beijing.

California governor rejects PG&E bankruptcy reorganization plan

Sat, 12/14/2019 - 11:30
California Governor Gavin Newsom on Friday rejected a bankruptcy reorganization plan submitted by PG&E Corp, the state's largest investor-owned utility, saying its proposal fails to meet the requirements of a recently enacted wildfire law.

Google, Apple asked if apps like TikTok must disclose foreign ties

Sat, 12/14/2019 - 08:58
The chair of a U.S. congressional panel wrote to Alphabet's Google and to Apple on Friday to ask what if any disclosures mobile apps are required to make regarding overseas ties, a concern that follows reports of Chinese investment in popular apps such as TikTok and Grindr.

Exclusive: Hudson's Bay's take-private deal falls short - sources

Sat, 12/14/2019 - 08:24
Saks Fifth Avenue owner Hudson's Bay Co has fallen short of securing enough shareholder support for a C$1.9 billion($1.4 billion) deal to take the department store operator private, people familiar with the matter said on Friday.

Exclusive: French want PSA-Fiat board guarantee in $50 billion merger - sources

Sat, 12/14/2019 - 08:08
French shareholders in the planned merger of PSA and Fiat Chrysler are seeking reassurances that they will retain a numerical advantage on a combined board if CEO Carlos Tavares leaves, two sources close to PSA said.

Exclusive: U.S. agency probes 12th Tesla crash tied to possible Autopilot use

Sat, 12/14/2019 - 08:07
The U.S. auto safety agency said on Friday it will investigate a 12th Tesla crash that may be tied to the vehicle's advanced Autopilot driver assistance system after a Tesla Model 3 rear-ended a parked police car in Connecticut last week.

Take Five: What's the deal?

Sat, 12/14/2019 - 08:04
U.S. President Donald Trump and Chinese officials have agreed to a "phase one" trade deal that includes cutting U.S. tariffs on Chinese goods.

Wall Street Weekahead: Trade deal removes major hurdle for rally in Apple and tech

Sat, 12/14/2019 - 08:03
U.S. President Donald Trump's limited trade deal with China removes a major hurdle for Apple and other technology stocks that have already surged this year to record highs.

Wall Street steady as U.S., China announce trade deal

Sat, 12/14/2019 - 03:00
The S&P 500 and the Dow industrials ended little changed on Friday, hitting record highs in the session, as the United States and China announced an initial trade agreement, cooling tensions that have rattled markets.

German balanced budget policy should not be a fetish - Bundesbank chief

Sat, 12/14/2019 - 02:18
Germany does not need an economic stimulus package and its 'black zero' balanced budget policy is useful for achieving sound finances but should not become a fetish, the head of the national central bank told the Sueddeutsche Zeitung.

Boeing bows out of multibillion-dollar Minuteman III replacement competition

Sat, 12/14/2019 - 02:15
Boeing Co has decided it will not compete as a prime contractor to replace the Pentagon's aging U.S.-based Minuteman III missile system, paving the way for Northrop Grumman Corp to win a contract worth tens of billions of dollars.

Dollar down after U.S.-China trade deal; pound jumps on win by UK PM Johnson

Sat, 12/14/2019 - 02:13
The dollar edged lower against a basket of currencies on Friday as news of an initial China-U.S. trade deal and an election victory for Britain's Brexit-backing Conservative Party appeared to clear the fog on the global investment horizon, hurting safe-haven demand for the greenback.

Shares gain, oil rises, but caution lingers on U.S.-China deal

Sat, 12/14/2019 - 02:01
Global equity markets and oil prices rose on Friday after China and the United States agreed on an initial trade deal that rolls back some U.S. tariffs in exchange for China's increased purchase of farm goods, coming just ahead of a deadline for a new round of U.S. tariffs.