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January 18, 2020
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Reuters - Business

Lawyers for Huawei CFO call Canada prosecutor’s arguments ‘circular’

Reuters
Huawei Chief Financial Officer Meng Wanzhou leaves her home to attend a case management conference in advance of her extradition hearing at B.C. Supreme Court in Vancouver, British Columbia, Canada January 17, 2020. REUTERS/Jennifer Gauthier VANCOUVER/TORONTO (Reuters) – Extraditing Huawei Chief Financial Officer Meng Wanzhou to the United States based......
Reuters - Business

Mexico hails USMCA trade deal approval, expects more investment

Reuters
MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador on Thursday hailed the U.S. Senate’s approval of the United States-Mexico-Canada Agreement (USMCA) trade deal, forecasting it would deliver a boost to the Mexican economy. “It’s good news because this agreement will generate confidence in Mexico for the arrival of......
Reuters - Business

European firms get ‘crumbs’ from China’s Belt and Road: business group

Reuters
BEIJING (Reuters) – China’s Belt and Road investment scheme, which aims to connect Europe with Asia, is sidelining European companies and Brussels should review its competition law to level the playing field, a business lobby group said on Thursday. FILE PHOTO: Container handlers transport containers at the railway port in......
Reuters - Business

China, U.S. sign initial trade pact but doubts and tariffs linger

Reuters
BEIJING/WASHINGTON (Reuters) – China will boost purchases of U.S. goods and services by $200 billion over two years in exchange for the rolling back of some tariffs under an initial trade deal signed by the world’s two largest economies, defusing an 18-month row that has hit global growth. Key world......
Reuters - Business

Chinese financial institutions can cope with foreign competition: central bank

Reuters
FILE PHOTO: A Chinese national flag flutters outside the headquarters of the People’s Bank of China, the Chinese central bank, in Beijing, China April 3, 2014. REUTERS/Petar Kujundzic BEIJING (Reuters) – Chinese financial institutions are completely capable of coping with foreign competition as the sector is freed up, the central......
Reuters - Business

With a mixture of fanfare and grievance, Trump signs U.S.-China trade deal

Reuters
WASHINGTON (Reuters) – He listed familiar grievances, praised and criticized his guests, and seemed to blow off some steam. Chinese Vice Premier Liu He (L) reaches out to U.S. President Donald Trump (R) as he approaches the podium to speak during a signing ceremony for “phase one” of the U.S.-China......
Reuters - Business

In U.S.-China Phase 1 trade deal, enforcement may end in ‘We quit’

Reuters
WASHINGTON (Reuters) – The Trump administration is touting the U.S.-China Phase 1 trade deal’s dispute settlement and enforcement mechanism as the major difference between the 86-page agreement unveiled on Tuesday and past pledges by Beijing to change its trade practices. U.S. President Donald Trump stands Chinese Vice Premier Liu He......
Reuters - Business

U.S. and China tiptoe around holes in new trade agreement

Reuters
WASHINGTON (Reuters) – The United States and China signed an initial trade deal on Wednesday that will roll back some tariffs and boost Chinese purchases of U.S. products, defusing an 18-month row between the world’s two largest economies but leaving a number of sore spots unresolved. Beijing and Washington touted......
Reuters - Business

China’s ‘market condition’ caveat on U.S. ag purchases adds to trade deal doubts

Reuters
CHICAGO (Reuters) – China’s pledge to buy U.S. farm goods based on “market conditions” during the Phase 1 trade deal signing ceremony on Wednesday added to doubts among farmers and commodity traders over Beijing’s lingering tariffs on U.S. exports. FILE PHOTO: A bushel of soybeans are shown on display in......
Reuters - Business

Trump urges Boeing to move fast on resolving 737 MAX issues

Reuters
WASHINGTON (Reuters) – U.S. President Donald Trump on Wednesday urged Boeing Co (BA.N) to move quickly to resolve issues with the grounded 737 MAX, noting the planemaker’s significant impact on the U.S. economy. U.S. President Donald Trump speaks prior to signing “phase one” of the U.S.-China trade agreement in the......
Reuters - Business

U.S. and China tiptoe around holes in new trade agreement

Reuters
WASHINGTON (Reuters) – The United States and China signed an initial trade deal on Wednesday that will roll back some tariffs and boost Chinese purchases of U.S. products, defusing an 18-month row between the world’s two largest economies but leaving a number of sore spots unresolved. Beijing and Washington touted......
Reuters - Business

Trump takes time in China deal signing to lament his Fed chair pick, again

Reuters
(Reuters) – A funny thing happened on the way to the U.S.-China trade deal signing: President Donald Trump may have tipped his next pick for head of the Federal Reserve — if he gets the chance. Among the dozen or so diversions Trump took in rambling introductory remarks before signing......
Reuters - Business

Polish watchdog fines Volkswagen over ‘dieselgate’ scandal

Reuters
FILE PHOTO: A car with the Volkswagen VW logo badge is seen on display at the North American International Auto Show in Detroit, Michigan, U.S., January 16, 2018. REUTERS/Jonathan Ernst/File Photo WARSAW (Reuters) – Poland’s consumer watchdog UOKiK said on Wednesday it was fining Volkswagen more than 120 million zlotys......
Reuters - Business

Record high stocks pause to gauge China-U.S. trade outlook, company earnings

Reuters
LONDON (Reuters) – World stocks eased off record highs on Wednesday and U.S. and German bond yields slipped, as euphoria over a U.S.-China trade deal was tempered by U.S. Treasury Secretary Steven Mnuchin saying tariffs on Chinese goods would remain in place for now. FILE PHOTO: The London Stock Exchange......
Reuters - Business

Documents to show U.S.-China trade deal fully enforceable: Mnuchin

Reuters
WASHINGTON (Reuters) – Documents to be released Wednesday will show skeptics that a Phase 1 U.S.-China trade agreement will be fully enforceable, including a pledge by China to refrain from manipulating its currency, U.S. Treasury Secretary Steven Mnuchin said Tuesday. FILE PHOTO: U.S. Treasury Secretary Steve Mnuchin speaks about sanctions......
Reuters - Business

U.S. to maintain tariffs on Chinese goods until Phase 2 deal: Mnuchin

Reuters
WASHINGTON (Reuters) – The United States will maintain tariffs on Chinese goods until the completion of a second phase of a U.S.-China trade agreement, U.S. Treasury Secretary Steven Mnuchin said on Tuesday, a day before the two sides are to sign an interim deal. FILE PHOTO: U.S. Treasury Secretary Steve......
Reuters - Business

Why the Ukrainian plane tragedy is unlikely to lead to global airspace rules

Reuters
MONTREAL/KUALA LUMPUR/PARIS (Reuters) – Why was the Ukrainian airliner mistakenly shot down near Tehran by Iranian forces last week for the loss of 176 lives even allowed to take off from a country that had just fired missiles towards its neighbor? And why didn’t the airline just delay or cancel......
Reuters - Business

China to ramp up U.S. buys under trade deal, but skeptics question targets

Reuters
WASHINGTON (Reuters) – China has pledged to buy almost $80 billion of additional manufactured goods from the United States over the next two years as part of a trade war truce, according to a source, though some U.S. trade experts call it an unrealistic target. Under the trade deal to......

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