In the week ahead, the U.S. Commerce Department releases fresh figures on new-home sales, durable goods and household spending. The eurozone issues figures on activity at factories and service providers, and China releases data on industrial profits.
China needs to develop a better system for financing small businesses that drive innovation in the economy but currently struggle to access the funds they need for growth, a leading Chinese think-tank said in a report published Sunday.
President says he didn't have' dicey' conversation with foreign leader. President Donald Trump on Friday said he didn't need a trade deal with China before the 2020 elections, as he rejected a partial agreement and said "we have to do it right." Trump also announced the U.S. imposed sanctions on Iran's central bank and denied having had an improper call with a foreign leader that's central to a whistleblower complaint.
U.S. stocks erased early morning gains to close lower Friday, after pessimism over U.S.-China trade relations rose following a decision by the Chinese trade delegation to cancel visits to farms in Montana and Nebraska, potentially signalling a lack of progress on trade negotiations. The Dow Jones Industrial Average fell about 161 points, or 0.6%, to close at 26,934, the S&P 500 index lost 15 points, or 0.5% to end around 2,992 and the Nasdaq Composite retreated roughly 65 points, or...
U.S. stocks on Friday turned firmly lower in afternoon trade, knocked down after reports that a China trade delegate was cancelling a planned trip to Montana farms. A representative for the Montana Farm Bureau Federation confirmed that the Chinese delegation intended to visit Montana farmland as a part of continuing discussions with the U.S. on trade, but China changed travel plans and would be leaving without a stop in Montana. "This morning, we received word that they would no...
The U.S. dollar rose against a
basket of currencies on Friday, putting it on track for its
first weekly increase in three, prompted by hopes of progress in
U.S.-China trade talks and that the Federal ...
President Donald Trump told reporters on Friday the United States is making a lot of progress with China, as two of the world's biggest economies work toward resolving their protracted trade dispute. Trump, speaking at the Oval Office, said the United States is taking in billions from tariffs imposed on Chinese imports, and the total would soon reach $100 billion.
Taiwan is pitching India as a potential business destination to its tech, auto, renewable energy and farm sector firms as the United States' trade war with China has pushed its companies to look for newer markets, two officials said on Friday.
President Donald Trump told reporters on Friday that the United States is making a lot of progress with China, as two of the world's biggest economies work toward resolving their protracted trade dispute. Trump, speaking at the Oval Office, said the United States is taking in billions from tariffs imposed on Chinese imports.
Oil prices eased on Friday on renewed concern over the U.S.-China trade war, but futures still posted weekly gains, with Brent marking its biggest weekly increase since January, after an attack on Saudi Arabia's energy industry last weekend.
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