Business & Finance News
Dallas Federal Reserve Bank President Robert Kaplan on Monday said he is “extremely vigilant” on the escalating trade tensions between the United States and China, though it could take months before there is more clarity on how the talks are shaping up.
Facebook Inc said on Monday it was raising its minimum wage for all U.S. contract workers, reacting to rising costs of living as it faces intense scrutiny over the treatment of ordinary employees and their pay.
U.S. President Donald Trump said on Monday he will meet with Chinese President Xi Jinping and Russian President Vladimir Putin at the G20 gathering in Japan next month.
Dallas Federal Reserve Bank President Robert Kaplan on Monday said that the Fed should neither be cutting nor raising interest rates but should “move off to the side and be patient.”
A drop in the consumer outlook for inflation and intensifying trade tensions drew caution from Federal Reserve officials on Monday as policymakers faced fresh market volatility and a renewed set of risks.
Dallas Federal Reserve Bank President Robert Kaplan on Monday reiterated his view that globalization and trade boost rather than hurt the U.S. economy, and said he is hopeful that the United States and China can resolve current tensions.
The Trump administration said Monday it will drop rules first proposed in 2012 that would have required automakers to install brake-throttle override systems to prevent runaway vehicles.
China said on Monday it would impose higher tariffs on a range of U.S. goods including frozen vegetables and liquefied natural gas, striking back in its trade war with Washington after U.S. President Donald Trump warned it not to.
China said on Monday it would raise tariffs on liquefied natural gas (LNG) imports from the United States amid a series of additional levies, a move that could further reduce U.S. LNG shipments to the world’s fastest growing importer of the fuel.
Oil futures fell more than 1% on Monday with Wall Street, as the negative turn in the U.S.-Chinese trade talks spooked investors, who had sent oil higher in early trade on concerns that tanker attacks in the Middle East could disrupt supplies.
Vodafone Group Plc said on Monday that it had agreed to sell its New Zealand business for about 2.1 billion euros ($2.36 billion) to a consortium comprising of New Zealand-based Infratil Ltd and Canada’s Brookfield Asset Management.
Global stock markets tumbled on Monday and the Chinese yuan fell to its lowest level since December as the trade dispute between the United States and China escalated.
U.S. stocks tumbled on Monday after China announced retaliatory tariffs on U.S. goods, heightening fears of a full-blown trade war between the world’s two largest economies that could cripple global economic growth.
Facebook Inc said on Monday it was raising wages for its U.S. contract workers, such as cafeteria staff and janitors, to a minimum of $20 per hour in San Francisco Bay Area, New York and Washington D.C. and to $18 per hour in Seattle.
U.S. stock markets fell more than 2% on Monday after China announced retaliatory tariffs on U.S. goods, heightening fears of a full-blown trade war between the world’s two largest economies that could cripple global economic growth.
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