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January 18, 2020
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Boeing expected to take another big, ugly charge on 737 Max crisis

CNBC
CNBC – For more and to sign up click here A year ago, Boeing posted record revenues topping $100 billion with hopes of delivering a chart-topping number of airplanes in 2019, including hundreds of 737 Max jetliners. The news isn’t going to be so rosy on its fourth-quarter earnings call......
CNBC Business

Former GOP Rep. Chris Collins set to be sentenced in insider trading case

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CNBC – For more and to sign up click here Former U.S. Rep. Chris Collins (R-NY) exits federal court on October 1, 2019 in New York City. Drew Angerer | Getty Images Disgraced former Rep. Chris Collins is set to be sentenced Friday in the insider-trading case that led him......
CNBC Business

Beijing posts economic data amid trade war

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CNBC – For more and to sign up click here China’s President Xi Jinping raises a toast to celebrate the 70th anniversary of the People’s Republic of China at the Great Hall of the People in Beijing. NOEL CELIS | AFP | Getty Images China said Friday its economy grew......
Reuters - Business

U.S. Senate passes new North American trade deal

Reuters
FILE PHOTO: Flags of the U.S., Canada and Mexico fly next to each other in Detroit, Michigan, U.S. August 29, 2018. REUTERS/Rebecca Cook WASHINGTON (Reuters) – The U.S. Senate on Thursday approved a revamp of the 26-year-old North American Free Trade Agreement that includes tougher rules on labor and automotive......
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......
CNBC Business

Europe has fallen down the US’ top priorities, Germany’s Merkel says

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CNBC – For more and to sign up click here German Chancellor Angela Merkel (L) and US President Donald Trump speak during a bilateral meeting in Biarritz, south-west France on August 26, 2019, on the third day of the annual G7 Summit. NICHOLAS KAMM | AFP | Getty Images The......
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

Trade deal touts financial sector wins; China to scrap securities business cap faster

Reuters
WASHINGTON/HONG KONG (Reuters) – The long-awaited U.S.-China trade deal touted new wins for U.S. companies looking to access China’s $40 trillion financial sector, but many of the changes were already in the works with Beijing stepping up the pace of opening up in the past year. Under the deal, China......
CNBC Business

Intellectual property protection benefits Beijing

CNBC
CNBC – For more and to sign up click here President Donald Trump, with (L-R) Vice President Mike Pence, Treasury Secretary Steven Mnuchin and US Trade Representative Robert Lighthizer, speaks during a press conference with Chinas Vice Premier Liu He(not shown), the countrys top trade negotiator, before they sign a......
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......
CNBC Business

US-China phase one deal brings some relief, but uncertainty remains

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CNBC – For more and to sign up click here A partial trade deal signed on Wednesday between the U.S. and China gives some relief to the market, but uncertainty still remains, experts said. “There’s a great sense of welcome that the deal was signed and a little bit of......
Reuters - Business

U.S. energy exports to climb as China pledges ramp-up in purchases

Reuters
NEW YORK/SINGAPORE (Reuters) – U.S. energy exports to China, mostly crude oil and natural gas, will climb as the world’s two largest economies struck a trade agreement after a more than year-long tariff war, executives and traders said on Wednesday. FILE PHOTO: A liquified natural gas (LNG) tanker leaves the......
Reuters - Business

U.S.-China deal could hurt Malaysia palm oil exports to China: Malaysian official

Reuters
KUALA LUMPUR (Reuters) – Malaysia’s palm oil exports to China jumped 33.9% in 2019 to 2.49 million tonnes but Beijing’s latest trade deal with the United States could limit gains this year, a Malaysian palm official said on Thursday. “Now with the 1st deal done, China will increase the uptake......
CNBC Business

China 2019 GDP estimated to have grown more than 6%, Liu He says

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CNBC – For more and to sign up click here US President Donald Trump, shakes hands during a press conference with Chinas Vice Premier Liu He(L), the countrys top trade negotiator, before they sign a trade agreement between the US and China during a ceremony in the East Room of......
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......

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