U.N. seeks new host for climate talks after Chile withdraws
The United Nations is seeking a new host for this year’s round of climate talks in December after Chile withdrew as raging street protests grip the South American country.
Traders keep bets on Fed pause after third rate cut
U.S. short-term interest rate futures on Wednesday pared earlier gains after the Federal Reserve cut interest rates for a third time this year and signaled it would pause to assess any further need to ease policy.
U.S. Treasury yield curve flattens after Fed cuts rates
The U.S. Treasury yield curve flattened on Wednesday after the Federal Reserve cut interest rates for the third time this year, but signaled that monetary easing could be on hold going forward.
Costa Rica defers to Chile, U.N. on rescheduling climate change summit
Costa Rica’s government said on Wednesday it defers to Chile, the United Nations Framework Convention on Climate Change and member states on how to proceed with the United Nations global climate change summit, COP25.
U.S. agricultural sales to China will ‘take some time to scale up’: Mnuchin
U.S. Treasury Secretary Steven Mnuchin said on Wednesday that it will take time for Chinese purchases of U.S. agricultural goods to “scale up” to the $40 billion to $50 billion annual level touted by President Donald Trump if the two sides can seal a “…
Boeing CEO pummeled on compensation, 737 MAX flaws at U.S. hearing
Boeing Co Chief Executive Dennis Muilenburg was repeatedly hammered by U.S. lawmakers at a hearing on Wednesday over his compensation and key mistakes in development of the 737 MAX that he newly acknowledged.
U.S. ag sales to China will ‘take some time to scale up’: Mnuchin
U.S. Treasury Secretary Steven Mnuchin said on Wednesday that it will take time for Chinese purchases of U.S. agricultural goods to “scale up” to the $40 billion to $50 billion annual level touted by President Donald Trump if the two sides can seal a “…
Trump’s attempt to force feed China U.S. farm products stymies trade talks
U.S. President Donald Trump’s demand that Beijing commit to big purchases of American farm products has become a major sticking point in talks to end the Sino-U.S. trade war, according to several people briefed on the negotiations.
S&P 500, Dow tread water on mixed earnings; Fed decision eyed
The S&P 500 and the Dow Jones Industrials were flat on Wednesday as investors assessed mixed corporate reports, while bracing for a policy decision by the Federal Reserve later in the day.
Fiat Chrysler and Peugeot in talks over $50 billion tie-up
Talks between Fiat Chrysler and Peugeot owner PSA over a potential tie-up that could create a $50 billion car giant gathered pace on Wednesday, with one source saying a deal could be announced as early as Thursday.
