U.S. farmers cheered by apparent trade truce, hope shipments to follow
U.S. farmers cheered the Trump administration’s announcement of a potentially dramatic increase in U.S. agricultural sales to China on Friday but warned they needed to see a follow-through of actual purchases.
U.S., China agree ‘Phase 1’ trade deal; Trump suspends October tariff hike
The United States and China agreed on Friday to the first phase of a deal to end a trade war, prompting President Donald Trump to suspend a threatened tariff hike, but officials said the agreement had to be put on paper and more work was required to ge…
Boeing’s board separates CEO, chairman roles
Boeing Co’s board has stripped chief executive Dennis Muilenburg of his chairmanship title, in an unexpected strategy shift announced by the U.S. planemaker on Friday only hours after a global aviation panel criticized development of the troubled 737 …
QE on the QT? Fed says no, economists say maybe so
The U.S. Federal Reserve’s quick pivot from shrinking its balance sheet by around $50 billion per month to now expanding by $60 billion monthly, has shown both the difficulty the Fed has faced under a shifting political environment, as well as the risk…
Uber to buy Chile’s Cornershop as it sets sights on delivering groceries
Uber Technologies Inc said on Friday it would buy a majority stake in Chilean online grocery provider Cornershop as the ride hailing company seeks to widen its fast-growing food delivery app to include groceries and other goods.
U.S. SEC halts Telegram’s $1.7 billion digital token offering
U.S. authorities said on Friday they have halted a $1.7 billion unregistered digital token offering by the messaging service Telegram Group Inc and its TON Issuer subsidiary.
Wall Street jumps but ends off highs after partial trade deal
U.S. stocks ended more than 1% higher on Friday though well off the day’s highs after the announcement of a partial trade deal between the United States and China.
Stocks off highs after trade deal announced; Brexit hopes boost pound
Stocks on Wall Street came off their highs in late trading after U.S. President Donald Trump announced a partial trade deal with China that could be signed within weeks, with the boost from New York enough to give stocks across the globe their largest …
Thomas Cook failure spurs UK to act on airlifting tourists home
Britain’s government plans to introduce new legislation to make it easier and faster to bring home stranded holidaymakers after the collapse of tour company Thomas Cook led to the country’s biggest ever peacetime repatriation.
Mexican motor city ‘getting desperate’ as GM’s U.S. strike takes heavy toll
Half a continent away from the auto plants of Detroit, U.S. strikes at General Motors (GM) have sent shivers through the central Mexican city of Silao, where the local GM factory furloughed 6,000 workers last week when parts from the United States ran …
