Business & Finance News
The United States has offered to cut existing tariffs on Chinese goods by as much as 50% and suspend new tariffs expected to go into effect Sunday in an attempt to secure a “Phase One” trade deal.
U.S. stock indexes jumped to new highs on Thursday, and Treasury yields rose, on a tweet from President Donald Trump that a trade deal with China was “very close” and a report that U.S. trade negotiators had offered to cancel a fresh round of tariffs on Chinese goods.
Saudis took to Twitter to celebrate Aramco’s valuation hitting $2 trillion on Thursday, with one posting praising de-facto leader Crown Prince Mohammed bin Salman as a fortune teller.
Federal Aviation Administration chief Steve Dickson is meeting with Boeing’s chief executive Dennis Muilenburg later Thursday on the fate of the grounded 737 MAX, according to an email seen by Reuters.
Thyssenkrupp is hoping to win contracts for a planned factory Tesla plans to build near Berlin, a board member of the German conglomerate told a business daily.
Wall Street hit record levels on Thursday after President Donald Trump tweeted that the United States was “very close” to a trade deal with China and on a report that U.S. trade negotiators had offered to cancel a fresh round of tariffs on Chinese goods.
China and the United States are in close communication on trade, officials in Beijing and Washington said, days before tit-for-tat tariffs are due to go into effect.
U.S. trade negotiators have offered to cancel a new round of tariffs on imported Chinese goods set to take effect on Sunday as part of an effort to cement a phase-one deal to de-escalate the trade relationship between the two powers, the Wall Street Journal said on Thursday.
The $2.2 trillion repurchase agreement market – part of the inner workings of the U.S. financial system – is facing what could be another strain as the year comes to a close. That could have wider implications than just Wall Street.
Oil prices rose on Thursday after U.S. President Donald Trump said Washington was “very close” to nailing down a trade deal with China and the Federal Reserve held interest rates steady and struck an optimistic tone on the outlook for the economy.
Subaru Corp expects its U.S. vehicle sales to rise to a record high in 2020, as demand for its SUV crossover models helps it buck the trend of slowing car sales in the Japanese automaker’s biggest market.
Apple Inc’s iPhone shipments in China fell more than 35% in November, marking their second straight double-digit decline as sales of the cheaper iPhone 11 remained sluggish, brokerage Credit Suisse said on Thursday.
Oil prices rose on Thursday, recouping some of the previous session’s losses after OPEC forecast a supply deficit next year and the U.S. Federal Reserve held interest rates steady and struck an optimistic tone on the outlook of the economy.
Saudi Aramco hit the $2 trillion target sought by de-facto Saudi leader Crown Prince Mohammed bin Salman on Thursday as its shares racked up a second day of gains, despite some scepticism about the state-owned oil firm’s value.
The benchmark S&P 500 hit a record high on Thursday after President Donald Trump said in a tweet that the United States was getting very close to a “big deal” with China.
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