Top News & Analysis Washington DC

  • *Trump:' Dangerous' Huawei could be included in China trade deal. Tokyo, May 24- Asian shares hobbled near four-month lows on Friday and crude oil plunged on worries the U.S.- China trade spat was developing into a more entrenched strategic dispute between the world's two largest economies, pushing investors to safe-haven assets. On Wall Street, the Dow Jones...

  • WASHINGTON/ BEIJING, May 23- President Donald Trump said on Thursday U.S. complaints against Huawei Technologies Co Ltd might be resolved within the framework of a U.S.- China trade deal, while at the same time calling the Chinese telecommunications giant "very dangerous." Trump predicted a swift end to the trade war with China, although no high-level talks have...

  • WASHINGTON, May 23- House of Representatives Speaker Nancy Pelosi said on Thursday she wished President Donald Trump's family or staff would conduct an "intervention" with him for the good of the United States after he threw what she called a temper tantrum at a meeting with Democratic congressional leaders a day earlier. As the acrid fight intensified between...

  • President Donald Trump characterized Chinese telecommunications giant Huawei Technologies Co Ltd as very dangerous on Thursday but said its dispute with the United States could be resolved in a trade deal with China. Citing national security concerns, Washington last week effectively banned U.S. firms from doing business with Huawei, the world's largest...

  • NEW YORK, May 23- U.S. stocks slumped on Thursday as investors dumped shares of companies in growth and cyclical sectors, with energy and technology leading declines, on fears that the escalating U.S.- China trade war would stymie global economic growth. Further fueling trade fears among investors, Beijing said that Washington needs to correct its "wrong...

  • Secretary of State Mike Pompeo accusing Chinese telecom giant Huawei Technologies of lying about its ties to the government and Beijing saying Washington must end its "wrong actions" if it wanted trade talks to continue. Plunging oil prices took the currency of net crude exporter Colombia down 1.25% to its lowest since February 2016. Among shares, Mexico's IPC...

  • WASHINGTON, May 23- The Senate Armed Services Committee unveiled a draft bill on Thursday that targets China on several fronts, from stemming the erosion of the U.S. military advantage against Beijing to countering the growing Chinese influence around the world. The committee acknowledged that "our margin of military supremacy has eroded and is undermined by...

  • NEW YORK, May 23- U.S. stocks slumped on Thursday as investors dumped shares of technology companies as well as businesses in cyclical sectors on fears that the escalating trade war between United States and China would stymie global economic growth. Further fueling trade fears among investors, Beijing said that Washington needs to correct its "wrong actions"...

  • *U.S., China exchange barbs in escalating trade war. NEW YORK, May 23- U.S. Treasury yields dropped across the board on Thursday as risk appetite faded amid continued concerns about global growth and a worsening trade conflict between the United States and China.

  • May 23- Cotton prices inched higher on Thursday as upbeat export sales data reassured traders of robust demand for U.S. cotton in the midst of a bitter U.S.- China trade spat, while the dollar weakened slightly. *Cotton contracts for July rose 0.73 cent, or 1.1%, to 67.48 cents per lb, as of 2:18 a.m. EDT. * "The export data and inferences regarding export...

  • NEW YORK/ WASHINGTON, May 23- The newest round of U.S. tariffs on Chinese imports will cost the typical American household $831 annually, researchers said on Thursday, as the Trump administration came under growing political pressure over its trade war with China. A U.S. lawmaker from Iowa, one of the states considered especially vulnerable to the U.S.- China...

  • WASHINGTON, May 23- The Trump administration on Thursday unveiled a $16 billion farm aid package to offset losses from a 10- month trade war with China and said payment rates to farmers would be determined by where they farm rather than what crops they grow. President Donald Trump to his 2016 electoral win, have been among the hardest hit from a trade dispute with...

  • Thomas Peterffy, chief executive officer of Interactive Brokers.

    "That does not mean you have to sell your long positions," says billionaire Thomas Peterffy, suggesting investors hedge their stock holdings.

  • LONDON, May 23- The United States told some large foreign firms this week they should stop trading jet fuel with Venezuela or face sanctions, according to two industry sources, ratcheting up pressure intended at removing Venezuelan President Nicolas Maduro from power. U.S. State Department officials called several large Swiss-and British-based trading...

  • *Chipmakers, tech stocks fall as trade tensions rise. May 23- U.S. stock indexes fell more than 1% on Thursday, as investors sold off technology, industrials and energy stocks on fears that a spiraling trade war between the United States and China would crimp global growth. Technology, among sectors most exposed to China, was the hardest hit.

  • WASHINGTON, May 23- The U.S. Senate Armed Services Committee on Thursday unveiled a draft $750 billion defense policy bill that would authorize more Lockheed Martin F-35 jets for the United States and effectively end Turkey's partnership in the program if Ankara pursues a plan to buy a Russian missile defense system. In the coming weeks the U.S. House of...

  • NEW YORK, May 23- World shares skidded further on Thursday as concerns grew that the China-U.S. trade conflict was fast turning into a technology cold war between the world's two largest economies, leading oil prices to plunge and strengthening the dollar. Stocks tumbled on Wall Street and yields on the benchmark 10- year U.S. Equity investors, basking in the...

  • LONDON, May 23- The United States told some large trading houses this week they should stop trading jet fuel with Venezuela or face sanctions, ratcheting up pressure aimed at removing Venezuelan President Nicolas Maduro from power, according to two industry sources. According to the two sources familiar with the calls to several large Swiss- and British-based...

  • NEW YORK, May 23- The dollar hit its highest level in two years and the yen rose half a percent on Thursday as economic and political uncertainties swept through Europe and Asia, pinning down the euro and the yuan. "The greenback and safer rivals from Japan and Switzerland were in the driver's seat." While the United States is not without its own worries- namely trade...

  • May 23- Wall Street's main indexes fell more than 1% on Thursday, as technology stocks were hammered by fears that the U.S.- China trade spat could turn into a tech cold war between the two countries. Beijing said Washington needs to correct its "wrong actions" for trade talks to continue after the United States blacklisted Huawei Technology Co Ltd last week.