U.S. Treasury secretary plans China visit as trade war clouds world economy
U.S. Treasury Secretary Steven Mnuchin said on Wednesday he will likely travel to China soon to continue talks as Washington and Beijing seek to resolve a trade war that has cast a pall over the global economy and financial markets.
Supersonic jets must be no noisier than existing planes: airports group
A new generation of U.S.-produced commercial supersonic jets must be no louder than existing planes or risk exacerbating existing complaints over noise from air traffic, Angela Gittens, director of Airports Council International (ACI) said.
WeWork starts $2.9 billion property platform with Canada’s CDPQ
The We Company, parent of workspace provider WeWork, said on Wednesday it has created a $2.9 billion real estate investment platform with funding from one of Canada’s largest pension funds, building on ties with private equity firm the Rhone Group.
Pelosi had ‘productive meeting’ with U.S. trade representative on deal: aide
U.S. House of Representatives Speaker Nancy Pelosi had a “productive meeting” with U.S. Trade Representative Robert Lighthizer almost entirely focused on a new United States-Mexico-Canada (USMCA) trade deal, one of her aides said on Wednesday.
Wall St. gains as trade optimism trumps dim economic data
Wall Street turned positive on Wednesday following reports that U.S. President Donald Trump would hold off on imposing tariffs on imported cars and parts, easing slowdown fears after downbeat economic data.
Weak U.S. retail sales, industrial output highlight slowing economy
U.S. retail sales unexpectedly fell in April as households cut back on purchases of motor vehicles and a range of other goods, pointing to a slowdown in economic growth after a temporary boost from exports and inventories in the first quarter.
Mnuchin to visit China soon as trade war clouds global economy
U.S. Treasury Secretary Steven Mnuchin said on Wednesday he will likely travel to China soon to continue talks as Washington and Beijing seek to resolve a trade war that has cast a pall over the global economy and financial markets.
U.S. near to resolving tariff row with Canada, Mexico: Mnuchin
The United States is close to resolving a dispute over steel and aluminum tariffs with Canada and Mexico, U.S. Treasury Secretary Steven Mnuchin said on Wednesday as high-level American and Canadian officials met to discuss trade issues.
Macy’s CEO says tariff escalation could hurt business
Macy’s Inc said on Wednesday the latest tariffs on Chinese imports by Washington are hitting its furniture business and warned investors that additional levies would leave its clothing and accessory categories vulnerable as well.
U.S., European shares gain after Trump auto-tariff delay
U.S. and European stock indexes gained on Wednesday after news that U.S. President Donald Trump planned to delay tariffs on auto imports, offsetting earlier pressure on equities and government bond yields from weak U.S. and Chinese economic data.
