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  • Treasury Secretary Steven Mnuchin said on Saturday he may travel to China, a move that could ease tensions between the world's two largest economies, as international policymakers acknowledged Beijing needs to change its trade practices. Mnuchin also declined to say what he wants from a trade deal with China, adding, "If we have a deal, you'll know what it looks...

  • Even so, economists predict the Commerce Department will report Tuesday that sales of new homes rose in March. During his two-day testimony before Congress earlier this month, CEO Mark Zuckerberg said regulation of the social network is "inevitable." The Commerce Department delivers its latest quarterly estimate of U.S. economic growth Friday.

  • WASHINGTON— The International Monetary Fund and the World Bank repeatedly warned at their meetings this week that intensifying trade tensions could jeopardize a healthy global economic expansion. Mnuchin met during the past three days with financial officials from China, Japan and Europe over a series of punitive tariffs unveiled by the Trump...

  • Auto China 2018, which opens this week, follows Beijing's decision to allow full foreign ownership of Chinese automakers in a move to make the industry more flexible as it promotes electrics. The ruling Communist Party has transformed China into the biggest market for electrics with billions of dollars in subsidies to producers and buyers.

  • LA PAZ, April 21- Bolivia will manufacture and market lithium batteries along with German company ACI Systems GmbH, which will invest $1.3 billion in the project, the country's manager of the lithium deposits told the Bolivian state radio on Saturday. Along with Argentina and Chile, Bolivia is part of South America's so-called "lithium triangle," one of the...

  • Both Pruitt and lobbyist Steven Hart had previously denied Hart had conducted any recent business with EPA. A spokesman for Hart confirmed Saturday that the lobbyist met with Pruitt at EPA headquarters in July 2017 to discuss efforts to preserve the Chesapeake Bay. The firm's filing, first reported by The Hill, says Hart lobbied EPA during the first quarter of...

  • WASHINGTON, April 21- The World Bank's shareholders on Saturday endorsed a $13 billion paid-in capital increase that will boost China's shareholding but bring lending reforms that will raise borrowing costs for higher-middle-income countries, including China. "We have more than doubled the capacity of the World Bank Group," the institution's president, Jim...

  • *China market liberalization a move in right direction. WASHINGTON, April 21- A multilateral framework like the Trans-Pacific Partnership pact works better in fixing trade imbalances than a bilateral deal, IMF Deputy Managing Director Mitsuhiro Furusawa said in an endorsement of Japan's calls for Washington to rejoin TPP. Japan and the United States are at...

  • MEXICO CITY— Mexico and the European Union reached a deal to update their nearly 20- year-old free trade agreement on Saturday, including the elimination of tariffs on a number of Mexican agricultural products. Mexico is in ongoing talks with the United States and Canada on overhauling the North American Free Trade Agreement. It said that since the accord took...

  • WASHINGTON, April 21- Despite calls to resist protectionism and for the United States to rejoin a multilateral trans-Pacific trade pact, Japan is gradually shifting gear to adjust to a trade environment shaken up by U.S. Japan ramped up its warning over the damage protectionism could inflict on the global economy, with Finance Minister Taro Aso saying this...

  • Treasury Secretary Steven Mnuchin said on Saturday he may travel to China, a move that could ease tensions between the world's two largest economies, as international policymakers acknowledged Beijing needs to change its trade practices. Mnuchin also declined to say what he wants from a trade deal with China, adding, "If we have a deal, you'll know what it looks...

  • The package agreed to consists of $7.5 billion paid-in capital for the International Bank for Reconstruction and Development and $5.5 billion paid-in capital for the International Finance Corporation, through both general and selective capital increases, as well as a $52.6 billion callable capital increase for IBRD, the World Bank said in a statement.

  • *For EU, Mexico adds to deal already agreed with Japan. BRUSSELS, April 21- The European Union and Mexico reached an agreement on Saturday on a new free trade deal, a coup for both parties in the face of increased protectionism from the United States under President Donald Trump. The agreement in principle with Mexico follows a deal struck last year with Japan and...

  • Treasury Secretary Steven Mnuchin said on Saturday he may travel to China, a move that could ease tensions between the world's two largest economies, as international policymakers acknowledged Beijing needs to change its trade practices. Mnuchin also declined to say what he wants from a trade deal with China, adding, "If we have a deal, you'll know what it looks...

  • BRUSSELS, April 21- The European Union and Mexico reached a preliminary agreement on Saturday on a new free trade deal, a coup for both parties in the face of increased protectionism from the United States under President Donald Trump. The preliminary deal with Mexico, which is keen to reduce its reliance on trade with the United States, follows one the EU struck...

  • Canadian online-gambling company Stars Group Inc. says it is buying U.K.- based Sky Betting& Gaming in a deal worth $4.7 billion. In February, Stars Group announced it was buying a controlling stake in Australia's CrownBet Holdings for $118 million. Shares of Toronto- based Stars Group closed Friday at $29.30, giving the company a market value of nearly $4.2...

  • The United States has threatened to impose tariffs on $50 billion of Chinese imports in a bid to try and force Beijing to stop its companies from stealing American companies' intellectual property. "A trip is under consideration," Mnuchin said at a press conference during the International Monetary Fund and World Bank spring meetings in Washington on Saturday.

  • China to work on trade issues and has discussed the potential. for market openings in China with Beijing's new central bank chief. "A trip is under consideration," Mnuchin said at a press conference during the International Monetary Fund and World Bank spring meetings in Washington.

  • COLUMBUS, Ohio— Ohio crews cleaning up a massive former Cold War-era uranium enrichment plant in Ohio plan this summer to deploy a high-tech helper: an autonomous, radiation-measuring robot that will roll through miles of large overhead pipes to spot potentially hazardous residual uranium. The RadPiper robot was developed at Carnegie Mellon University in...

  • WASHINGTON, April 21- Europe will not choose sides in the trade dispute between the United States and China, a top European official said on Saturday, adding that the European Union's temporary exemptions from U.S. steel and aluminium tariffs should become permanent. European Commissioner for Economic and Financial Affairs Pierre Moscovici said trade was...