Economics

Japan, U.S. Aim This Week for Quick Trade Pact

August 19, 2019 at 2:42 AM

Top U.S. and Japanese trade negotiators will meet for two days in Washington, D.C., this weeks in hopes of cinching a deal between the two countries by September.

White House Foresees No Recession

August 19, 2019 at 1:37 AM

Bullish Trump administration economic and trade advisors say there is no chance of a U.S. recession anytime soon.

WTO’s Trade Growth Indicator Drops

August 16, 2019 at 12:22 AM

The World Trade Organization says growth in the global trade of merchandise will remain below trend through at least the third quarter of 2019.

U.S., Japan to Continue Working Level Trade Talks

August 15, 2019 at 6:10 PM

Envoys from Japan and the U.S. have completed two days of working level talks in Washington, D.C., about a bilateral trade pact and will meet there again next week.

U.S. Manufacturing Slowed in July

August 15, 2019 at 1:18 PM

Output by U.S. manufacturers shrank 0.4% in July, deepening the decline since December to 1.5%, according to the Federal Reserve.

Germany’s Economy Posts Quarterly Decline

August 14, 2019 at 2:25 PM

Germany says its economy has shrunk for the second time in four quarters, contracting 0.1% in April-June compared with the previous three months.

GM, Ford Evaluate Possible Economic Slump

August 14, 2019 at 12:46 AM

General Motors and Ford say they have bolstered their cash reserves in case the trade war between the U.S. and China triggers a global recession.

Outlook for German Economy Plunges

August 13, 2019 at 3:31 PM

Confidence in Germany’s economy among experts in Germany’s financial markets plummeted this month, according to the ZEW Indicator of Economic Sentiment.

U.K.’s Economy Shrank in Second Quarter

August 09, 2019 at 11:57 AM

The British economy contracted by 0.2% in April-June, its first quarterly retreat since and identical decline the fourth quarter of 2012.

Tesla to Raise Prices in China?

August 08, 2019 at 2:58 AM

Tesla Inc. may raise prices of electric cars it sells in China by an unspecified amount, beginning in September, sources tell Reuters.

U.S.-China Trade War Widens

August 06, 2019 at 12:02 AM

President Donald Trump’s plan to add 10% tariffs to $300 billion worth of Chinese goods prompted China to stop buying American farm produce, weaken its currency and threaten higher tariffs on U.S. goods.

Trump Jokes about Tariff Deal on German Cars

August 02, 2019 at 4:24 PM

President Donald Trump flippantly suggested today that the European Union was close to agreeing on a 25% tariffs on German luxury cars shipped to the U.S.