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July 10, 2020
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U.S. Chamber urges China to accelerate purchases of U.S. goods

Reuters
Chinese and U.S. flags flutter in Shanghai, China June 3, 2020. REUTERS/Aly Song WASHINGTON (Reuters) – The U.S. Chamber of Commerce on Thursday underscored the importance of functional U.S.-China ties and urged Beijing to step up its purchases of U.S. goods and services as agreed under a Phase 1 trade......
Reuters - Business

Asian business sentiment plunges to record low on virus effect: Thomson Reuters/INSEAD survey

Reuters
SINGAPORE (Reuters) – Business sentiment of Asian companies sank to an 11-year low in the second quarter, a Thomson Reuters/INSEAD survey found, with some two-thirds of the firms polled flagging a worsening COVID-19 pandemic as the biggest risk over the next six months. FILE PHOTO: A worker wearing a protective......
Reuters - Business

Systemic racism slows economic growth: Dallas Fed chief Kaplan

Reuters
FILE PHOTO: Dallas Federal Reserve Bank President Robert Kaplan speaks at the Commonwealth Club in San Francisco, U.S., October 11, 2019. REUTERS/Ann Saphir WASHINGTON (Reuters) – Systemic racism and high unemployment levels among black and Hispanic Americans create a drag on the U.S. economy, Dallas Federal Reserve President Robert Kaplan......
Reuters - Business

China factory gate deflation deepens on global demand slump

Reuters
BEIJING (Reuters) – China’s producer prices fell by the sharpest rate in more than four years, underscoring pressure on the manufacturing sector as the COVID-19 pandemic reduces trade flows and global demand. FILE PHOTO: An employee works on a production line manufacturing steel structures at a factory in Huzhou, Zhejiang......
Reuters - Business

Investors brace for market swings as Trump slips in election polls

Reuters
NEW YORK (Reuters) – The U.S. presidential election is re-emerging as a potential risk to markets after a shift in polls that has seen President Donald Trump lose ground to Democrat Joe Biden. FILE PHOTO: The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the......
Reuters - Business

EU trade chief Hogan says he is considering bid to become WTO chief

Reuters
FILE PHOTO: European Trade Commissioner-designate Phil Hogan of Ireland speaks as he attends his hearing before the European Parliament in Brussels, Belgium September 30, 2019. REUTERS/Yves Herman BRUSSELS (Reuters) – European Trade Commissioner Phil Hogan confirmed on Tuesday that he was considering a bid to become the next director-general of......
Reuters - Business

Lufthansa’s Austrian arm gets 450 million euro government bailout

Reuters
FILE PHOTO: Austrian Airlines planes are seen parked at Vienna International Airport during the spread of the coronavirus disease (COVID-19) in Schwechat, Austria, April 24, 2020. REUTERS/Lisi Niesner VIENNA (Reuters) – Austria is granting Lufthansa’s Austrian Airlines unit a 450 million euro ($508 million) bailout that will protect Vienna as......
Reuters - Business

Mexico to propose NAFTA renegotiator to lead WTO: sources

Reuters
FILE PHOTO: Mexico’s Deputy Foreign Minister for North America, Jesus Sead reacts during the delivery of the United States-Mexico-Canada Agreement (USMCA) deal, at the Senate building in Mexico City, Mexico May 30, 2019. REUTERS/Henry Romero MEXICO CITY (Reuters) – Mexico is set to propose senior trade official Jesus Seade, who......
Reuters - Business

U.S. will allow Chinese passenger carriers two flights per week

Reuters
WASHINGTON (Reuters) – The United States will permit Chinese passenger air carriers to operate two flights per week after Beijing said it would ease coronavirus-related restrictions to allow in more foreign carriers, the U.S. Transportation Department said on Friday. FILE PHOTO: A China Eastern Airlines aircraft and a Shanghai Airlines......
Reuters - Business

Exclusive: U.S. weighs blacklisting dozens more oil tankers over Venezuela – officials

Reuters
LONDON/NEW YORK/WASHINGTON (Reuters) – The United States is considering imposing sanctions on dozens of additional foreign oil tankers for trading with Venezuela, U.S. officials told Reuters on Friday, the latest effort to sever what Washington sees as a lifeline for President Nicolas Maduro. FILE PHOTO: Oil facilities are seen on......
Reuters - Business

Trump threatens EU, China with tariffs; names Navarro ‘lobster king’

Reuters
U.S. President Donald Trump talks about a U.S. jobs report amid the coronavirus disease (COVID-19) pandemic while signing the PPP Flexibility Act of 2020 in the Rose Garden at the White House in Washington, U.S., June 5, 2020. REUTERS/Kevin Lamarque BANGOR, Maine (Reuters) – U.S. President Donald Trump on Friday......
Reuters - Business

U.S. will allow Chinese passenger carriers two flights per week

Reuters
FILE PHOTO: Men wearing face masks speak in front of an information counter at Beijing Capital International Airport as the country is hit by an outbreak of the novel coronavirus, in Beijing, China March 16, 2020. REUTERS/Carlos Garcia Rawlins WASHINGTON (Reuters) – The U.S. Transportation Department said on Friday it......
Reuters - Business

Australia shakes up foreign investment laws for national security

Reuters
SYDNEY (Reuters) – Australia announced the biggest shakeup of its foreign investment rules in almost half a century on Friday, including additional powers to force the divestment of a business if it creates a national security risk. An Australia Dollar note is seen in this illustration photo June 1, 2017.......
Reuters - Business

U.S. to revise Chinese passenger airline ban after Beijing move: sources

Reuters
WASHINGTON (Reuters) – The U.S. Transportation Department plans to issue a revised order in the coming days that is likely to allow some Chinese passenger airline flights to continue, government and airline officials said. A China Eastern Airlines aircraft is seen at Hongqiao International Airport in Shanghai, following the coronavirus......
Reuters - Business

Trump administration to bar Chinese passenger carriers from flying to U.S.

Reuters
WASHINGTON (Reuters) – President Donald Trump’s administration on Wednesday barred Chinese passenger carriers from flying to the United States starting on June 16 as it pressures Beijing to let U.S. air carriers resume flights amid simmering tensions between the world’s two largest economies. FILE PHOTO: A passenger aircraft of China......
Reuters - Business

Exclusive: Trump administration to bar Chinese passenger carriers from flying to U.S., sources say

Reuters
FILE PHOTO: A passenger aircraft of China Eastern Airlines takes off at Paris Charles de Gaulle airport in Roissy-en-France during the outbreak of the coronavirus disease (COVID-19) in France May 19, 2020. REUTERS/Charles Platiau/File Photo WASHINGTON (Reuters) – President Donald Trump’s administration plans to bar Chinese passenger carriers from flying......
Reuters - Business

U.S. launches trade probe into digital taxes, plowing ground for new tariffs

Reuters
FILE PHOTO: U.S. Trade Representative Robert Lighthizer listens as U.S. President Donald Trump meets with Bahrain Crown Prince Salman bin Hamad Al Khalifa during a meeting in the Oval Office of the White House in Washington, U.S., September 16, 2019. REUTERS/Al Drago WASHINGTON (Reuters) – The U.S. Trade Representative’s office......
Reuters - Business

U.S. sanctions four shipping firms for transporting Venezuelan oil

Reuters
(Reuters) – The U.S. Treasury Department on Tuesday said it had sanctioned four shipping firms for transporting Venezuelan oil, the latest escalation in Washington’s effort to oust socialist President Nicolas Maduro by cutting off the OPEC nation’s crude exports. FILE PHOTO: U.S. Secretary of State Mike Pompeo speaks to the......
Reuters - Business

China buys U.S. soybeans after halt to U.S. purchases ordered: sources

Reuters
CHICAGO/BEIJING/SINGAPORE (Reuters) – State-owned Chinese firms bought at least three cargoes of U.S. soybeans on Monday, even as sources in China said the government had told them to halt purchases after Washington said it would eliminate special treatment for Hong Kong to punish Beijing. The purchases, totaling at least 180,000......

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