U.S. Treasury Secretary Steven Mnuchin said on Thursday he was “looking forward” to trade talks with China as the two countries were set to begin formal high-level discussions in Beijing.
Asian stock markets started in a cautious mood on Thursday as investors hoped for progress in the latest Sino-U.S. tariff talks while bracing for China trade data that are expected to show further falls in both exports and imports.
Cisco Systems Inc on Wednesday reported better-than-expected quarterly earnings and forecast third-quarter revenue above analysts’ estimates, as it benefited from strong growth in its newer applications and security businesses.
A key supplier of talc used in Johnson & Johnson’s baby powder filed for Chapter 11 bankruptcy on Wednesday in the wake of multibillion-dollar lawsuits alleging its products caused ovarian cancer and asbestos-related mesothelioma.
Apple Inc is targeting an April event to introduce a streaming television service that will likely include subscription TV services from CBS Corp, Viacom Inc and Lions Gate Entertainment Corp’s Starz among others as well as its own original content, sources familiar with the matter told Reuters on Wednesday.
American International Group Inc on Wednesday reported a quarterly loss as the insurer was hit with catastrophe losses and made a lower return on investments in a volatile market.
Wall Street closed higher on Wednesday as investor optimism was stoked over hopes the United States and China could iron out a trade deal, and benign inflation data suggested the Federal Reserve would hold interest rates steady in the near term.
Oil prices rose almost 2 percent on Wednesday after top exporter Saudi Arabia said it would cut crude exports and deliver an even deeper cut to its production, but swelling U.S. crude inventories limited the day’s gains.
Cisco Systems Inc reported second-quarter revenue that beat Wall Street estimates on Wednesday, as the network gear maker benefited from its shift to newer businesses such as application software and cyber security.
Seven U.S. Democratic senators urged President Donald Trump on Wednesday to press China for a trade deal that fully addresses the technology transfer and intellectual property concerns outlined by U.S. Trade Representative Robert Lighthizer.
Wall Street closed higher on Wednesday as investors were hopeful that the United States and China could iron out a trade deal and as benign inflation data suggested the Federal Reserve would hold interest rates steady in the near term.
The FBI is investigating energy trading firm Vitol’s top two executives in the Americas in connection with a Brazil bribery case, two sources with direct knowledge of the matter said, deepening the U.S. role in a probe of foreign oil firms’ dealings with state-controlled Petrobras.
Democratic lawmakers on Wednesday said Congress would oppose U.S. military intervention in Venezuela and challenged the credibility of President Donald Trump’s special envoy, Elliott Abrams, over his past embrace of American covert action.
U.S. President Donald Trump and Chinese President Xi Jinping are expected to meet next month, a U.S. Department of Agriculture official said at an industry event on Wednesday, as the two countries try to hammer out a deal to end a tit-for-tat tariff battle.
U.S. President Donald Trump said on Wednesday trade talks with China were “going along very well” as the world’s two largest economies try to resolve their seven-month tariff war ahead of a March 1 deadline for a deal.
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