Business & Finance News
U.S. President Donald Trump will be the one to make the final decision on tariffs and the U.S.-China trade deal, White House trade adviser Peter Navarro said on Tuesday.
Asian stocks flatlined on Wednesday as Sino-U.S. trade talks approached a weekend deadline with little sign of progress, while a tightening of the UK election race knocked the pound.
U.S. House Democrats on Tuesday backed a renegotiated version of the U.S.-Mexico-Canada (USMCA) trade agreement after a year of often acrimonious negotiations with the White House, and it was signed by the United States, Canada and Mexico.
U.S. oil major Chevron Corp on Tuesday said it expects to write down the value of its assets $10 billion to $11 billion this quarter and is considering selling some natural gas projects to prepare for long term low prices.
General Motors Co on Tuesday unveiled the first of a new generation of large sport utility vehicles designed to haul in the cash to pay for electric vehicles the automaker promises for the future.
The United Steelworkers International (USW) union on Tuesday said it supported approval of a revised U.S.-Mexico-Canada trade agreement to replace the 1994 NAFTA trade agreement that it said had sent U.S. jobs to Mexico and depressed wages.
Lawyers for Huawei’s chief financial officer won a court battle when a judge asked Canada’s attorney general to hand over more evidence and documents relating to the arrest of Meng Wanzhou.
U.S. Attorney General William Barr said on Tuesday that he hoped to have Justice Department investigations of the big tech platforms – Facebook Inc , Alphabet Inc’s Google, Amazon.com Inc and Apple Inc – completed next year.
Wall Street’s main stock indexes ended slightly lower on Tuesday, though not far from record highs, as investors awaited concrete news on whether a new round of U.S. tariffs on Chinese goods would take effect on Dec. 15, a potential turning point in a trade dispute between the world’s two largest economies that has convulsed markets.
Top officials from Canada, Mexico and the United States signed a fresh overhaul of a quarter-century-old trade pact on Tuesday that aims to improve enforcement of worker rights and hold down prices for biologic drugs by eliminating a patent provision.
The U.S. Justice Department will review plans by Alphabet Inc-owned Google to buy fitness tracker maker Fitbit Inc for possible antitrust issues, a source told Reuters on Tuesday.
U.S. President Donald Trump has days to decide whether to impose tariffs on nearly $160 billion in Chinese consumer goods just weeks before Christmas, a move that could be unwelcome in both the United States and China.
Senate Democratic leader Chuck Schumer said on Tuesday he would wait to see the written form of the U.S. Mexico Canada trade pact before making a determination on it.
Wall Street’s main stock indexes were little changed on Tuesday, hovering near record highs, as investors awaited concrete news on whether U.S. tariffs on Chinese imports would take effect on Dec. 15, a potential turning point in the two countries’ trade dispute that has convulsed markets.
Federal Reserve Chair Jerome Powell has taken a glass-half-full view of the U.S. economy but the trouble may be that the glass has gotten smaller and has a few cracks.
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