Responding to Trump, UPS and FedEx say they already fight illegal drug shipments
FedEx Corp and United Parcel Service Inc said on Friday they already work closely with law enforcement to stop illegal shipments from entering the country after U.S. President Donald Trump ordered delivery firms to refuse packages of the powerful pai…
On-off trade tariffs wreak havoc on U.S. company planning
Win Cramer thought his company was out of the firing line in the escalating Sino-U.S. trade war after his “Made-in-China” wireless headphones, speakers and earbuds were taken off Washington’s tariff list a year ago.
Fed’s commitment to act upstaged by Trump’s furor
Federal Reserve Chair Jerome Powell said the central bank would “act as appropriate” to keep the U.S. economy healthy in a deteriorating global economy, but stopped short of committing to rapid-fire rate cuts and drew fire from President Donald Trump.
Stocks and oil fall, yen rallies as Trump threatens to further escalate China trade war
Stocks and oil prices fell sharply on Friday while traditional safe havens rose after U.S. President Donald Trump threatened to further escalate his trade war with China “this afternoon,” following a new round of retaliatory tariffs from Beijing.
Oil spills into U.S.-China trade war, prices slump
China said on Friday it would impose tariffs on U.S. crude oil imports for the first time, sending prices down nearly 4% to two-week lows as the escalating bilateral trade war fed worries over a slowdown in global oil demand.
Oil prices slide as U.S.-China trade war escalates
Oil prices fell on Friday after China unveiled retaliatory tariffs against about $75 billion worth of U.S. goods including crude oil, another escalation of a protracted trade dispute between the world’s two largest economies.
World needs to end risky reliance on U.S. dollar: BoE’s Carney
Bank of England Governor Mark Carney took aim at the U.S. dollar’s “destabilizing” role in the world economy on Friday and said central banks might need to join together to create their own replacement reserve currency.
Trump administration considers boost to biofuel mandates to ease farmer anger: sources
The Trump administration is considering ramping up biofuel blending quotas in the coming years to assuage anger in the Farm Belt over its recent broad use of waivers for small refineries, but is not planning to rescind any of the exemptions it has gran…
Ghosts of 2002 ‘corralito’ spur Argentines to shun banks, stash cash at home
It happened in 1989. It happened in 2002. Argentines who are old enough to remember do not want to go through it again.
Trump tweetstorm sinks Wall Street as trade war rages on
Wall Street plunged in a broad sell-off on Friday as China and the United States traded their latest salvos in a prolonged trade war, spooking investors and erasing slight gains following a generally positive speech by U.S. Federal Reserve chair Jerome…
