Top News & Analysis Washington DC

  • *US keeps Japan car tariffs, Tokyo to cut farm tariffs-Nikkei. TOKYO, Aug 24- The United States and Japan have reached the broad framework of a trade agreement, Japan's Nikkei business daily said on Saturday, with Tokyo making concessions on its agriculture but none immediately apparent from Washington on automobiles. Trade Representative Robert Lighthizer...

  • *Japan, U.S. share directionality of trade talks. WASHINGTON, Aug 23- The United States and Japan have made "big progress" in bilateral trade talks and shared the understanding of the directionality of the trade talks, Japanese Economy Minister Toshimitsu Motegi said on Friday. Trade Representative Robert Lighthizer, said details on the method and timeline of...

  • JACKSON HOLE, Wyo., Aug 23- Bank of England Governor Mark Carney took aim at the U.S. dollar's "destabilizing" role in the world economy on Friday and said central banks might need to join together to create their own replacement reserve currency. Carney- who was considered a candidate to be the next head of the International Monetary Fund but failed to secure backing...

  • NEW YORK, Aug 23- China said on Friday it would impose tariffs on U.S. crude oil imports for the first time, sending prices down nearly 4% to two-week lows as the escalating bilateral trade war fed worries over a slowdown in global oil demand. China, one of the world's biggest crude importers, has sharply lowered U.S. shipments from a record high hit last year.

  • Popeyes, the Cajun-inspired fast food chicken chain owned by Restaurants Brands International Inc, took social media by storm when it introduced its chicken sandwich and now customers from around the country are lining up for a chance to taste the new sandwich. Popeyes launched its fried chicken sandwich on a buttered brioche bun with pickles on Aug. 12.

  • *Trump says U.S.' far better off without China'. *China sets tariffs of 5% or 10% on $75 bln in U.S. goods. WASHINGTON/ BEIJING, Aug 23- President Donald Trump on Friday pressured U.S. companies to leave China after Beijing unveiled retaliatory tariffs on $75 billion in U.S. goods, stoking fears their escalating trade war will tip the global economy into recession.

  • NEW YORK, Aug 23- China on Friday said it would impose tariffs on U.S. crude oil imports for the first time, sending prices down nearly 4% to two-week lows as the escalating bilateral trade war fed worries over a slowdown in global oil demand. President Donald Trump responded with a series of tweets ordering U.S. companies to look at ways to close their operations in...

  • JACKSON HOLE, Wyo., Aug 23- Bank of England Governor Mark Carney took aim at the U.S. dollar's "destabilising" role in the world economy on Friday and said central banks might need to join together to create their own replacement reserve currency. Carney- who was considered a candidate to be the next head of the International Monetary Fund but failed to secure backing...

  • WASHINGTON, Aug 23- The U.S. National Retail Federation said on Friday it is "unrealistic" for American retailers to move out of China, the world's second-largest economy, as 95% of the world's consumers live outside the United States. "Our presence in China allows us to reach Chinese customers and develop overseas markets," NRF Senior Vice President for Government...

  • Aug 23- Hopes for an early settlement of the yearlong U.S.- China trade war dimmed this week after the United States accused China of manipulating its currency, and U.S. Over the past year, Washington has imposed 25% tariffs on $250 billion worth of Chinese products, and Trump has announced new tariffs on the remaining $300 billion of Chinese imports to take...

  • BEIJING/ CHICAGO, Aug 23- China said on Friday it will impose more tariffs on U.S. agricultural goods, its latest retaliatory measure aimed at Midwestern states whose voters helped elect President Donald Trump in 2016.. Trump ratcheted up tensions on Friday with a series of tweets that said he was ordering U.S. companies to look at ways to close their operations in...

  • President Donald Trump asked a federal appeals court on Friday to block Deutsche Bank AG and Capital One Financial Corp from handing the financial records of the president's family and the Trump Organization to Democratic lawmakers. The case, before the 2nd U.S. Circuit Court of Appeals, is one of several legal battles between the Democrats, who took control of...

  • WASHINGTON, Aug 23- The head of a broad coalition of Japanese, German and South Korean automakers warned on Friday that renewed punitive Chinese tariffs on U.S. autos would hurt U.S. vehicle exports to China and put U.S. jobs at risk. "When these tariffs were initially imposed by China in 2017, American exports of finished vehicles dropped by 50 percent.

  • The latest salvo from China comes after the United States unveiled tariffs on an additional $300 billion worth of Chinese goods, including consumer electronics, scheduled to go into effect in two stages on Sept. 1 and Dec. 15. China will impose additional tariffs of 5% or 10% on a total of 5,078 products originating from the United States including agricultural...

  • BEIJING, Aug 23- China said on Friday it will impose an extra 5% tariff on U.S. soybeans from Sept 1, and additional 10% duties on U.S. wheat, corn and sorghum from Dec. 15, in Beijing's latest retaliatory trade measures https://www.reuters.com/article/us-usa-trade-china/china-strikes-back-in-trade-d i s p u t e- w i t h- u- s- w i t h- n e w- t a r i f f s- i d U S K C N 1 V D 1 A J against...

  • deepens@- Canada's main stock index dropped on Friday as energy shares fell, tracking declines in oil prices as trade dispute intensified after China unveiled more tariffs against U.S. goods, including crude. *Oil prices fell after China hit back with tariffs against about $75 billion worth of U.S. goods, further escalating a trade war between the world's two...

  • Aug 23- Federal Reserve policymakers will have a "robust debate" about cutting U.S. interest rates by a half percentage point at their next policy meeting in September, St. Louis Federal Reserve Bank President James Bullard said on Friday. The Fed cut rates by a quarter point at its July policy review although the minutes of that meeting showed a couple OF...

  • CARACAS, Aug 23- From supermarket checkouts in the capital Caracas to electronics stores in the central city of Maracay, Venezuelans struggling with hyperinflation and a deep economic crisis are turning to a new form of payment: euros in cash. "That's just how it works here," said Oscar Ramirez, an electronics trader at the City Market shopping center in eastern...

  • LONDON, Aug 23- World stock markets and the dollar rose on Friday as investors looked to a speech by Federal Reserve chair Jerome Powell for clarification on whether the U.S. central bank remains on course to deliver another interest rate cut in next month. Suggesting markets remain broadly confident of further Fed stimulus, European stocks rebounded from the...

  • The SEC also found that Deutsche employees created false books and records that concealed corrupt hiring practices and failed to accurately document and record certain related expenses, violating internal accounting rules. Under the settlement, Deutsche Bank did not admit or deny the findings, the SEC said. The $16 million settlement includes...