Economics

China, U.S. to Resume Face-to-Face Talks

July 23, 2019 at 5:03 PM

Top-level trade negotiators from the U.S. and China will meet in Shanghai on Monday for three days of talks aimed at avoiding further trade war escalation.

IMF Trims Growth Forecast for Global Economy

July 23, 2019 at 4:14 PM

The International Monetary Fund has lowered its growth forecast for the global economy in 2019 to 3.2% from 3.3%.

EU Renews Warning about U.S. Tariffs

July 22, 2019 at 4:02 PM

The European Union’s new deputy trade boss reiterates that the bloc will retaliate if the Trump administration imposes what it calls illegal trade tariffs on European cars.

Japan-U.S. Trade Pact Near?

July 18, 2019 at 2:03 AM

Envoys from Japan and the U.S. hope to deliver a narrowly defined trade deal by September covering U.S. agricultural goods and Japanese car parts, sources tell Reuters.

China’s Expansion Rate Skids to 27-Year Low

July 15, 2019 at 1:23 AM

China reports its gross domestic product grew 6.2% in the second quarter, down from 6.4% in January-March, to the slowest pace since at least 1992.

Chinese EV Producers Ponder Indonesia to Avoid U.S. Trade War

July 12, 2019 at 2:53 PM

Two Chinese electric car makers—BYD Co. and JAC Motors—could move some production to Indonesia to avoid the trade war between China and the U.S.

Fed Chief Signals July Interest Rate Cut

July 10, 2019 at 5:03 PM

Federal Reserve Chairman Jerome Powell, citing low inflation and weaker economic activity worldwide, signals that the central bank is likely to lower interest rates at the end of July.

BMW Shifts Some Engine Production Out of U.K.

July 09, 2019 at 5:27 PM

BMW AG says it has moved a portion of its engine production out of the U.K. ahead of the country’s exit from the European Union at the end of October.

China: No Trade Deal Unless U.S. Drops Tariffs

July 05, 2019 at 5:57 AM

China reiterates that it won’t agree to a trade deal with the U.S. unless it includes an end to punitive tariffs imposed by the Trump administration.

OPEC to Extend Oil Product Cuts for 9 Months

July 02, 2019 at 12:57 AM

The Organization of the Petroleum Exporting Countries agreed on Monday to continue its reduced production quotas through the first quarter of 2020.

U.S., China Agree to Resume Trade Talks

July 01, 2019 at 2:51 AM

President Donald Trump and China’s President Xi Jinping agreed last weekend to revive trade talks in hopes of ending the trade war between their countries.

EU Cinches “Historic” Trade Pact with South America

June 28, 2019 at 5:39 PM

The European Union and Mercosur, South America’s trade powerful economic bloc, have completed a broad bilateral trade agreement to lower or remove tariffs in both directions.