President Donald Trump said on Monday that China is ready to come back to the negotiating table and the two countries will start talking very seriously.Politicsread more
The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
As Washington and Beijing continue to up the ante in their protracted trade fight, the potential of a recession in the U.S. is now "the biggest concern," according to Standard...US Economyread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
months@ (Adds details, background on Trump administration's Venezuela sanctions)
WASHINGTON, July 26 (Reuters) - The Trump administration said on Friday it will renew Chevron Corp's license to drill for oil and gas in Venezuela despite sanctions, signaling it sees value in having the U.S. oil producer operate in a country on the verge of economic and political collapse.
The Treasury Department said it will renew the license for three months for Chevron, the last U.S. oil company operating in Venezuela, a member of the OPEC producer group. The license runs through Oct. 25, 2019.
The United States imposed heavy sanctions on Venezuela early this year in an effort to force out Venezuela's socialist President Nicolas Maduro. Other U.S. oil field companies had been given licenses despite the sanctions but all have largely halted operations there because of the instability.
Washington has been trying to force out Maduro, and supports opposition leader Juan Guaido, the head of the National Assembly.
In January the administration imposed sanctions on Venezuela's state-run oil company PDVSA that have cost Maduro's government billions of dollars in oil assets, but issued Chevron a six-month license to keep operations going.
Chevron has four joint ventures with PDVSA that produce the equivalent of about 200,000 barrels per day of oil, and its stake in the ventures recently produced about 40,000 bpd. The company, which has been in Venezuela for nearly 100 years, says there are about 8,000 employees, contractors and direct suppliers involved in the ventures. (Reporting by Timothy Gardner and Susan Heavey; Editing by David Gregorio)