Latest International trade News
China suspends more penalties on US goods after trade truce
BEIJING (AP) — China on Friday suspended more punitive tariffs on imports of U.S. industrial goods in response to a truce in its trade war with Washington that threatened global economic growth. Financial markets have welcomed announcements by both sides of reductions in penalties on each other's goods,...
World markets slip on renewed fears over virus outbreak
BEIJING (AP) — Global stock markets slipped on Friday after a spike in new virus cases in South Korea and other countries refueled investor anxiety about China's disease outbreak. Benchmarks in Tokyo, Hong Kong and Sydney closed down and London, Frankfurt and other European indexes were trading lower. Wall...
Morgan Stanley to buy E-Trade for $13 billion
NEW YORK (AP) — Morgan Stanley, the investment bank for millionaires, big business and megamergers, is buying E-Trade Financial, the online brokerage that encouraged waves of regular investors to get into the market with ads featuring its talking spokesbaby. The roughly $13 billion, all-stock deal would...
Israel leader vows thousands of new homes in east Jerusalem
JERUSALEM (AP) — Israeli Prime Minister Benjamin Netanyahu announced Thursday he was pushing ahead with the construction of 5,000 new Jewish homes in key areas of east Jerusalem, where critics say additional building could cut Palestinian residents off from the rest of the West Bank. On a visit to the Har...
Feds: 4 charged in steroid import conspiracy
PROVIDENCE, R.I. (AP) — Four people have been arrested in connection with what federal authorities say was an extensive scheme to import large amounts of steroids primarily from Hong Kong for redistribution to customers across the U.S. David Esser, 46, of North Attleborough, Massachusetts, was the...
ASEAN diplomats praise China's handling of virus outbreak
VIENTIANE, Laos (AP) — Southeast Asia’s top diplomats praised China's handling of the virus outbreak and pledged Thursday to help fight the disease that emerged in a central Chinese city and spread in the region and around the world. Chinese Foreign Minister Wang Yi highlighted the unprecedented...
Boeing asks lawmakers to suspend preferential tax rate
OLYMPIA, Wash. (AP) — Washington state lawmakersintroduced bills Wednesday,at The Boeing Co.’s request, to suspend the aerospace giant's preferential business and occupation tax rate unless the United States and European Union reach an agreement on their long-running international trade dispute that...
Fed seems inclined to keep rates low as virus poses risks
WASHINGTON (AP) — Federal Reserve officials were mostly optimistic about the U.S. and global economies last month, though they noted the risk posed by China’s viral outbreak and said they were ready to keep their benchmark interest rate at its current low level in the coming months. Fed policymakers...
China’s top diplomat assures Southeast Asia on epidemic
VIENTIANE, Laos (AP) — China’s top diplomat assured his Southeast Asian counterparts on Wednesday that the situation in a central Chinese province where the outbreak of a new virus began has “been brought under effective control.” Foreign Minister Wang Yi also expressed confidence that...
Japan records trade deficit in January amid growth fears
TOKYO (AP) — Japan recorded a trade deficit for the month of January Wednesday, as exports declined amid worries about the spread of a new virus that could deaden regional economic growth. The trade deficit for last month totaled 1.3 trillion yen ($12 billion), the Japanese Finance Ministry said in a...
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