China’s ‘market condition’ caveat on U.S. ag purchases adds to Phase 1 doubts
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 the lingering tariffs on U.S. exports.
Airbus sales chief says no need to cut production of A330neo
Airbus sees enough demand for its wide-bodied A330neo passenger jet to keep production stable, Chief Commercial Officer Christian Scherer told Reuters on Wednesday.
South Africa’s Telkom could cut 3,000 jobs: letter to unions
South African telecoms company Telkom SA told unions on Wednesday it could cut up to 3,000 of more than 15,000 staff as it struggles with declining performance in fixed voice and fixed data services.
Wall Street higher but off intraday records as China and U.S. ink trade truce
U.S. stocks climbed but were off earlier intraday records on Wednesday after the United States and China signed a Phase 1 trade agreement and pledged to resolve a tariff dispute that has roiled financial markets for over a year.
U.S.-China trade deal touts financial sector wins, but there’s a sense of deja vu
The long-awaited U.S.-China trade deal unveiled on Wednesday touted new wins for U.S. companies looking to access China’s $40 trillion financial market, but many of the changes were already in the works even before the trade war ignited.
Pratt & Whitney expects GTF engine software update on A220 jet in spring
A software update for the GTF engine on Airbus’ smallest jet, the A220, is expected in the spring, pending regulatory approval, a top executive at United Technologies Corp’s Pratt & Whitney aircraft engine division said on Wednesday.
U.S. producer prices nudge up as inflation remains benign
U.S. producer prices edged up in December as a rise in the cost of goods was offset by weakness in services, the latest indication of tame inflation pressures that could allow the Federal Reserve to keep interest rates unchanged this year.
China’s Xi tells Trump he welcomes Phase 1 trade deal
Chinese President Xi Jinping told U.S. President Donald Trump in a letter that he welcomes the Phase 1 trade deal reached with the United States and that he is willing to stay in close touch with the American leader.
S&P 500 near record high after U.S., China sign Phase 1 trade deal
The S&P 500 rose to trade near all-time high on Wednesday after the United States and China signed a Phase 1 trade agreement and pledged to resolve their longstanding tariff dispute that has roiled financial markets in the recent years.
U.S. economy expands modestly but trade tensions weigh, Fed survey shows
The U.S. economy expanded at a modest pace through the final six weeks of 2019 but uncertainty over U.S. trade policy continued to hurt firms, a survey conducted by the Federal Reserve said on Wednesday.
