Senior U.S.-China trade negotiators to confer before Trump-Xi G20 meeting
Aiming to jumpstart dormant talks, the top U.S. trade negotiator said on Wednesday he will confer with his Chinese counterpart before next week’s meeting between President Donald Trump and Chinese President Xi Jinping in Japan as the two countries take…
Fed signals interest rate cuts possible later this year
The U.S. Federal Reserve on Wednesday signaled it could cut interest rates by as much as half a percentage point over the remainder of this year, as it responded to increased economic uncertainty and a drop in expected inflation.
Oil prices little changed despite U.S. crude stock draw
Oil futures were mostly steady on Wednesday as price support from a larger-than-expected decline in U.S. crude inventories was countered by a lull in equities.
Trans Mountain oil pipeline expansion may start in September
Construction to expand the Trans Mountain oil pipeline could begin in September, assuming the next regulatory steps go smoothly, the project’s chief executive said on Wednesday.
KLM in preliminary deal for 15 Embraer E195-E2 planes
(This June 19 story corrects aircraft capacity to “120-146” seats from “120”; corrects first delivery to 2021 from “March”; adds KLM seat layout.)
Airbus grabs China Airlines narrow-body jet order
Airbus unveiled an aircraft deal with Taiwan’s China Airlines on Wednesday, snatching the carrier’s medium-haul fleet renewal from Boeing a day after its U.S. rival made a shock entry into the single-aisle fleet of British Airways owner IAG.
U.S. trade representative says he can resolve Democrats’ concerns on North America pact quickly
The top U.S. trade negotiator said on Wednesday he is ready to work with lawmakers “sooner rather than later” to address concerns over a new North American pact, even as a leading Democrat outlined roadblocks to the deal’s approval.
Global stocks gain, yields lower after Fed signals possible rate cuts
A gauge of global stock markets added to gains on Wednesday and benchmark U.S. Treasury yields and the U.S. dollar fell after the U.S. Federal Reserve signaled possible rate cuts of as much as half a percentage point over the remainder of this year.
Canada opens probe into 250,000 GM pickups, SUVs over brake performance
Transport Canada, the auto safety regulator, has opened a probe into braking issues in nearly 250,000 General Motors full-size pickups and SUVs after U.S. officials launched a similar probe last year, the agency said on its website.
Traders bet heavy on Fed rate cuts ahead
Traders of U.S. short-term interest rate futures added to bets that the Federal Reserve will cut interest rates starting next month, after the central bank ended a two-day policy meeting with a pledge to “act as appropriate” to sustain economic health….
