All News Results

  • US STOCKS-Wall Street drops after China cancels visit to Montana farmland

    * China delegates scrap U.S. farm visit, indexes fall. * Trade-sensitive tech sector drops. * Netflix drags after CEO comments. * Indexes: Dow -0.22%, S&P 500 -0.20%, Nasdaq -0.57% By Noel Randewich. Sept 20 - Wall Street dropped on Friday after a Chinese agriculture delegation canceled a planned visit to Montana next week, dampening optimism about U.S.-China trade talks.

  • Hopes for trade breakthrough fade as China cancels U.S. farm visits

    A U.S.-China trade deal appeared elusive on Friday after Chinese officials unexpectedly canceled a visit to farms in Montana and Nebraska amid two days of ongoing talks in Washington. Chinese officials were expected to visit U.S. farmers next week as a goodwill gesture, but canceled to return to China sooner than originally scheduled, agriculture organizations from both states told Reuters.

  • U.S. repo rate falls after Fed repo operation

    • BY Reuters|
    • 02:40 PM ET 09/20/2019

    The interest rate on U.S. overnight repurchase agreements slipped on Friday after an operation conducted by the New York Federal Reserve that parked $75 billion in temporary cash in the U.S. banking system. The overnight repurchase agreement rate was last 1.85%-1.95%, compared with 1.90%-2.00% before the latest repo operation.

  • GLOBAL MARKETS-Stocks hit as China cancels U.S. farm visits, yields slip

    * China agriculture delegation scraps U.S. farm visit to Montana. * MSCI world equity index slips. * Central bank easing helps risk sentiment but trade tensions hurt. * Treasury yields fall; dollar slips vs yen. * Oil prices edge higher. By Saqib Iqbal Ahmed.

  • US STOCKS-Wall Street drops as trade tensions spike

    * China delegates scrap U.S. farm visit, indexes fall. * Trade-sensitive tech sector drops. * Netflix drags after CEO comments. * Indexes fall: Dow 0.47%, S&P 0.51%, Nasdaq 1.01% By Ambar Warrick and Medha Singh.

  • TREASURIES-Yields fall as China cancels US farm visits

    U.S. Treasury yields fell on Friday after a Chinese delegation canceled planned visits to U.S. farms, raising concerns that the United States and China are unlikely to forge a trade deal in the near ...

  • PRECIOUS-Deficit-stricken palladium soars in record run; gold eyes weekly gain

    * Gold up 1.5% so far this week. * Silver eyes first weekly rise in three. * GRAPHIC-2019 metals performance: http://tmsnrt.rs/2jvdmXl. By Asha Sistla. Palladium soared to an all-time high on Friday, with producers locking in stocks of the auto-catalyst metal squeezed by a sustained supply shortage, while gold firmed en route to its first weekly gain in four supported by Middle East tensions.

  • Fed's Kaplan says he supports modest, limited rate cuts

    • BY Reuters|
    • 02:00 PM ET 09/20/2019

    Dallas Fed President Robert Kaplan said on Friday he supports the "modest and limited" interest-rate cuts that the U.S. Federal Reserve has delivered this year to keep the economy humming, despite weakness in manufacturing due to slowing global growth amid rising trade tensions.

  • Brazil govt unveils 12.5 bln reais extra spending - fiscal report

    • BY Reuters|
    • 01:58 PM ET 09/20/2019

    Brazil's government will free up 12.5 billion reais for discretionary spending, the Economy Ministry said in its latest bi-monthly spending and revenue report on Friday, as it seeks to ease the pressure on departmental budgets following deep spending freezes this year.

  • US STOCKS SNAPSHOT-Wall Street slumps after China delegates cancel U.S. farm visit

    Wall Street's main indexes dropped sharply on Friday after Chinese agriculture officials who were due to visit U.S. farm states next week canceled their trip to Montana, dampening early optimism on U.S.-China trade talks.

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