WTO: Trump lost his first trade battle against Mexico
2017-04-26 00:12:26 UTC
GENEVA — Mexico can impose annual trade sanctions worth $163.23 million against the United States after winning a dispute over trade in tuna fish, a World Trade Organization arbitrator ruled on Tuesday.
Mexico's economy ministry said it planned...
Trudeau vows to stand up for Canadian interests against Trump
2017-04-25 17:13:52 UTC
OTTAWA — Prime Minister Justin Trudeau vowed to stand up for Canadian interests on Tuesday after the U.S. imposed new tariffs on softwood lumber and trade tensions between the two countries escalated, sending the Canadian dollar to a 14-month low....
Merkel Schools Trump: You Can't Do A Trade Deal With Germany
2017-04-22 19:08:55 UTC
"Ten times Trump asked her ( German Chancellor Angela Merkel ) if he could negotiate a trade deal with Germany," the newspaper quoted a senior German politician as saying.
"Every time she replied, 'You can't do a trade deal with Germany, only t...
GOP Struggling To Pass A Spending Package To Keep The Government Open
2017-04-21 15:07:39 UTC
WASHINGTOn — Trump and his fellow Republicans who control Congress face their first major budget test next week, with the threat of a U.S. government shutdown potentially hinging on his proposed Mexican border wall as well as Obamacare funding.
World Bank Express Concerns Over Trump's Economic Policy
2017-04-20 10:33:25 UTC
WASHINGTON — Global finance leaders are gathering on Trump's home turf to try to nudge his still-evolving policies away from protectionism and show broad support for open trade and global integration.
The International Monetary Fund and World B...
Trump's "America First" Order: Tighten H-1B Visa Program
2017-04-19 04:05:46 UTC
Kenosha, Wisconsin - U.S. President Donald J. Trump ordered federal agencies to look at tightening a visa program used to bring high-skilled foreign workers to the U.S., as he tries to carry out his campaign pledge to put "America First."
Greece Needs To Implement Reforms To Secure A New Loan
2017-04-18 07:45:33 UTC
The International Monetary Fund will not take part in a bailout program for Greece if it deems the country's debt is unsustainable, the international lender's chief Christine Lagarde said in an interview published on Tuesday.
Greece needs to im...
Trump Targets H-1B Visas Which Are Used Largely By Tech Industry
2017-04-18 05:04:49 UTC
U.S. President Donald Trump targets H-1B visas which are used largely by tech industry and will sign an executive order directing federal agencies to recommend changes to a temporary visa program used to bring foreign workers to the U.S. to fill h...
China's factory output rose 7.6 percent, asset investment grew 9.2 percent
2017-04-17 03:27:13 UTC
China's factory output rose 7.6 percent in March from a year earlier, while fixed-asset investment grew 9.2 percent in the first quarter, both beating expectations.
Analysts polled by Reuters had predicted factory output would grow by 6.3 perce...
Protesters To Trump: We Want To See Your Tax Returns
2017-04-16 05:20:35 UTC
WASHINGTON/ NEW YORK — Tens of thousands of people marched through midtown Manhattan and dozens of U.S. cities on Saturday to demand that President Donald Trump release his tax returns and to dispute his claim that the public does not care about t...
Mexico's Economy Thriving Despite Trump's Hostility
2017-04-12 19:38:14 UTC
MEXICO CITY — The election of Donald Trump as U.S. president last year raised the specter of economic recession in Mexico, sent the country's peso into a tailspin, and threatened local industry such as car making.
But four months on, Mexican au...
Global Stocks Slide, Treasuries and Yen Up
2017-04-11 05:04:09 UTC
Asian stocks fell in choppy trade on Tuesday as the political tinderbox in the Middle East and the Korean Peninsula added to uncertainty over the looming French vote, pushing edgy investors into safer assets such as the yen and Treasuries.
Tesla Beat GM To Become Most Valuable US Auto Maker
2017-04-10 21:23:22 UTC
By Noel Randewich | SAN FRANCISCO
Tesla Inc (TSLA.O) on Monday became the most valuable U.S. car maker, reaching a market capitalization of $50.887 billion and edging past General Motors (GM.N) which produces many more cars.
Helped by an analy...
Trump is well on his way to launch additional import duties
2017-04-10 06:20:52 UTC
By David Lawder |
WASHINGTON — U.S. President Donald Trump is considering an executive order to launch a trade investigation that could lead to supplemental duties in certain product categories, a Trump administration official told Reuters.
No Income Taxes In Saudi Arabia, Says Saudi FinMin
2017-04-09 18:04:37 UTC
Saudi Arabia's finance minister said on Sunday that citizens would not pay taxes on income and Saudi companies would not see their profits taxed under sweeping economic reforms being introduced in the oil-rich kingdom.
The collapse in oil price...
Trump Wants “Regime Change” in Syria
2017-04-09 07:40:09 UTC
By Timothy Gardner |
WASHINGTON — U.S. Ambassador to the United Nations Nikki Haley said in an interview that she sees regime change in Syria as one of the Trump administration's priorities in the country wracked by civil war.
German service sector growth to a 15-month high
2017-04-05 09:20:08 UTC
BERLIN, April 5 - Growth in Germany's services sector accelerated further in March, a survey showed on Wednesday, suggesting Europe's largest economy will post healthy growth in the first quarter.
Markit's final services index rose to a 15-mont...
Trump's anti-immigration stance focusing on H1B Visa
2017-04-04 16:18:54 UTC
By Julia Edwards Ainsley |
WASHINGTON — The U.S. Department of Homeland Security announced steps on Monday to prevent the fraudulent use of H1B visas, used by employers to bring in specialized foreign workers temporarily, which appeared to fal...
"Tough Market": U.S. Car Market Boom Starts Losing Steam
2017-04-03 16:44:32 UTC
By Nick Carey |
DETROIT — Major U.S. automakers on Monday posted sales figures for March that came in below market expectations and heightened concerns the country's boom in vehicle sales may be losing steam, sending shares in car companies do...
The “America First” Trade War Agenda Of Donald Trump
2017-04-01 08:11:26 UTC
US President Donald Trump signed two executive orders on trade policies yesterday that represent a significant escalation in the “America First” trade war agenda of his administration.
The first order commissions a report, to be released in 90 da...
Germany May Sue The U.S. With International Trade Rules
2017-04-01 08:09:32 UTC
BERLIN: The German government has criticized the Trump administration's new trade policy and is insisting on compliance with international trade rules.
Germany is considering suing the US before the World Trade Organization (WTO).
"The US g...
UK Must Accept EU Rules After Any Partial Withdrawal
2017-03-31 19:13:55 UTC
By Robin Emmott and Alastair Macdonald |
VALLETTA/BRUSSELS — The European Union offered Britain talks this year on a future free trade pact but made clear in negotiating guidelines issued on Friday that London must first agree to EU demands on...
Trump, GOP Tax Reform Plan; Cuts, Cuts and more Cuts
2017-03-31 04:07:47 UTC
By Roberta Rampton, Richard Cowan and Amanda Becker |
<h3>WASHINGTON — Raw feelings and mistrust could pose an obstacle to President Donald Trump and hard-line conservative lawmakers in his Republican Party as they seek to rebound from defeat ...
Doubts Over London's Future As A Global Financial Center
2017-03-31 04:07:07 UTC
By Anjuli Davies |
<h3>LONDON — Goldman Sachs (GS.N) sought to reassure London-based staff over potential disruption to its business as Britain prepares to leave the European Union, in a voicemail to staff sent by the Wall Street firm's Europe...
US hospital stocks dropped as GOP vows to try again on Obamacare repeal
2017-03-31 04:06:10 UTC
<h3>U.S. hospital stocks dropped on Tuesday as Republicans in the U.S. House of Representatives said they were considering a renewed push to repeal and replace Obamacare, after the effort failed last week.</h3>
Shares of Community Health System...