Many investors and analysts have increasingly lowered their expectations for the U.S. and China to find a quick resolution.World Economyread more
Billionaire investor Howard Marks, the co-chairman of Oaktree Capital, predicts there won't be a recession in the U.S. for another two years.US Economyread more
Network officials also said voters should expect more of a Koch focus on grassroots activism throughout the 2020 election cycle.Politicsread more
One person was killed and five others wounded on Thursday in a shooting on the streets of Washington, D.C., not far from the White House, police said.U.S. Newsread more
Stores are extending hours and cities are spending on light shows as China tries to encourage consumers to spend more money at night.China Economyread more
New research suggests fewer girls pursue careers in STEM — science, technology, engineering and math — because they're better than boys at reading.Closing The Gapread more
Stocks in Asia Pacific edged up in Friday afternoon trade as a series of developments overnight on the U.S.-China trade front dampened hopes of a deal being reached between...Asia Marketsread more
GM's usage of temporary workers, potential closure of plants and health care contributions remain major sticking points, according to people familiar with the talks.Autosread more
In a room full of avowed capitalists, policies that sound to some like socialism are bound not to go over well.Delivering Alpharead more
Trump has criticized Facebook numerous times since becoming president, most recently posting on Twitter that the company's proposed digital currency, libra, will "have little...Technologyread more
Republicans and Democrats have long since separated themselves by ideology, leaving each more uniformly conservative or liberal than ever. And now a new data analysis by the...Politicsread more
June 7 (Reuters) - U.S. and Mexican negotiators resumed migration talks on Friday to try to avert a potential trade war that could hurt both countries' economies and rattle investors already nervous about Washington's escalating battle with China.
U.S. President Donald Trump shook global markets, Mexican officials and his fellow Republicans in Congress last week by threatening 5% tariffs on Mexican imports starting on Monday if Mexico did not do more to stem an increase in migrants heading for the U.S. southern border.
Here's a snapshot of latest developments on Friday:
* Trump said in a tweet that there was a "good chance" the United States would be able to reach a deal with Mexico. But he added: "If we are unable to make the deal, Mexico will begin paying Tariffs at the 5% level on Monday!"
* Mexico's peso, which has been battered by fears of a trade war with its biggest market, strengthened more than 0.5% against the dollar after the tweet.
* Mexican sources said negotiators are battling to reach agreement over U.S. demands to make Mexico accept more asylum seekers under the 'safe third country' concept.
* The White House said the United States is on track to implement the tariffs on Monday. "Our position is still the same and we're moving forward with the tariffs. They'll go into effect on Monday," press secretary Sarah Sanders told reporters.
* Marc Short, chief of staff to Vice President Mike Pence, said that while the United States was moving ahead with the tariffs, Trump could stop the process over the weekend, however. Outgoing White House economic adviser Kevin Hassett agreed. "The president's going to ... look at a bunch of options, and weigh all the options over the weekend," Hassett told CNBC.
* Russian President Vladimir Putin accused the United States on Friday of "unbridled economic egoism" and said Washington's tactics would lead to trade wars and "maybe not just trade wars." Chinese President Xi Jinping, speaking at the same event, called on world powers to protect the global multilateral trade system.
* U.S. officials officially granted Chinese exporters two more weeks to get their products into the United States before increasing tariffs on those items, according to a U.S. government notice posted online on Friday.
* Major world stock indexes jumped and U.S. Treasury yields tumbled on Friday after a slowdown in job growth fueled hopes of a U.S. interest rate cut, while hints of progress in Washington's trade fights added to equity market optimism.
(Compiled by Susan Thomas and Sonya Hepinstall; Editing by Howard Goller)