Business News
Explainer: The Fed wants ideas on how to target inflation
The Federal Reserve is convening experts to discuss overhauling how the world’s most powerful central bank manages the U.S. economy.
Year: 2019
Business News
U.S. regulators say some Boeing 737 MAX planes may have faulty parts
The U.S. Federal Aviation Administration on Sunday disclosed a new problem involving Boeing Co’s grounded 737 MAX, saying that more than 300 of that troubled plane and the prior generation 737 may contain improperly manufactured parts and that the agency will require these parts to be quickly replaced.
Business News
Mexico and U.S. gear up for tariff talks as Trump doubles down on threat
Mexican and U.S. officials were preparing on Sunday for upcoming talks aimed at averting a major trade clash after U.S. President Donald Trump vowed to impose punitive tariffs on all Mexican goods in an intensifying dispute over migration.
Business News
Facebook in talks with U.S. derivatives regulator over digital currency plans: FT
Facebook Inc is in talks with the U.S. derivatives regulator, the Commodity Futures Trading Commission (CFTC), over the social media company’s plans for a digital currency, the Financial Times reported on Sunday.
Business News
Some Boeing 737 MAX planes may have faulty parts: FAA
The U.S. Federal Aviation Administration said on Sunday some Boeing Co 737 MAX and NG planes may have parts that were improperly manufactured and that it will require their replacement, the latest issue to hit the plane manufacturer.
Business News
Mexican president says he wants to stay friends with Trump, American people
Mexican President Andres Manuel Lopez Obrador said on Sunday that Mexico is a friend of the American people and that he wants to continue being friends with his U.S. counterpart Donald Trump.
Business News
Mexico and U.S. gear up for tariff talks, Trump doubles down on threat
Top Mexican and U.S. officials on Sunday prepared for crunch talks next week aimed at averting a major trade clash after U.S. President Donald Trump vowed to impose punitive tariffs on all Mexican goods in an intensifying dispute over migration.
Business News
Exclusive: FCA discusses improved Renault merger bid to win French backing
Fiat Chrysler is discussing a Renault special dividend and stronger job guarantees in a bid to persuade the French government to back its proposed merger between the carmakers, sources close to the discussions said.
Business News
Top Trump official says tariffs on Mexico will not derail trade deal
Top administration officials said on Sunday that U.S. President Donald Trump’s proposed tariffs on Mexican imports would not interfere with the finalization of a North American trade pact and were designed to force Mexico’s hand in immigration talks.
Business News
Mexico starts talks in Washington early over U.S. tariff threat
Mexico’s Economy Minister Graciela Marquez said on Sunday she would meet with U.S. Commerce Secretary Wilbur Ross in Washington on Monday, two days before the neighboring countries are due to discuss possible tariffs on Mexican goods.
Business News
Explainer: Why Google has a target on its back in Washington
The U.S. Justice Department is preparing an investigation of Alphabet Inc’s Google to determine whether the technology company violated laws to ensure fair competition, two sources familiar with the matter said.
Business News
Italy says it won’t seek fight with EU, amid talk of government crisis
The Italian government is confident it can reach a compromise with Brussels and avoid sanctions over its deteriorating public finances, the economy minister said as talk of a looming government crisis grew.
Business News
Mexico’s Economy Minister to meet Wilbur Ross over U.S. tariff threat
Mexico’s Economy Minister Graciela Marquez said on Sunday she would meet with U.S. Commerce Secretary Wilbur Ross in Washington on Monday, two days before the neighboring countries are due to discuss possible tariffs on Mexican goods.
Business News
China says U.S. can’t use pressure to force trade deal
The United States cannot use pressure to force a trade deal on China, a senior Chinese official and trade negotiator said on Sunday, refusing to be drawn on whether the leaders of the two countries would meet at the G20 summit to bash out an agreement.
Business News
Global airlines slash profit forecast on protectionism fears
Global airlines slashed a widely watched industry profit forecast by 21% on Sunday as an expanding trade war and higher oil prices compound worries about an overdue industry slowdown.