USTR to suspend China tariff hike ‘until further notice’
The U.S. Trade Representative’s office said on Wednesday it would move to formally suspend a scheduled tariff increase on Chinese goods “until further notice” following President Donald Trump’s decision to delay his Friday deadline for a U.S.-China tra…
Boeing seeks UK decision on Wedgetail jet buy this year: executive
Boeing hopes Britain will decide this year on plans to buy E-7 Wedgetail early warning jets, an executive said, after talks last year sparked a row over competition in arms procurement.
Wall Street steadies after Lighthizer, Powell, Cohen testimonies
The S&P 500 closed down slightly on Wednesday but well above its session low after testimonies to U.S. Congress from trade and central bank officials as well as President Donald Trump’s former lawyer brought few major surprises.
JPMorgan hires commercial bankers, leaders across Europe, Asia
JPMorgan Chase & Co on Wednesday named half a dozen people to a commercial banking team in Europe and new international and Asia-Pacific regional leaders, as the U.S. bank closes in on business clients it hopes to poach from rivals abroad.
PG&E delayed key power line safety overhaul, filings show; shares slip
Shares of PG&E Corp fell 3 percent on Wednesday after federal filings showed that the power utility had delayed a safety overhaul of a high-voltage transmission line, a prime suspect behind the deadliest wildfire in California history.
Oil rises 2 percent as U.S. crude stocks plunge, OPEC brushes off Trump
Oil futures gained about 2 percent on Wednesday after U.S. crude inventories unexpectedly plummeted and as Saudi Arabia brushed aside comments from U.S. President Donald Trump seeking to keep oil prices from climbing.
Exclusive: KKR, China’s Tencent eyeing bids for Universal Music – sources
U.S. buyout fund KKR and China’s Tencent Music Entertainment Group are exploring rival bids for up to half of Vivendi’s iconic Universal Music division, a deal potentially worth up to 20 billion euros ($23 billion), sources told Reuters.
WeWork aims for the middle with expanded ‘HQ’ service
WeWork is expanding an effort to retain mid-sized businesses which had been leaving the shared office space manager after they grew past the small-company phase, and to catch up with rivals already catering to these clients.
Global stocks little changed after U.S. trade representative comments but energy gains
Global stock indexes were little changed on Wednesday after U.S. Trade Representative Robert Lighthizer said it was too early to predict an outcome in U.S.-China trade talks, though a drop in oil prices lifted shares of energy companies.
U.S. trade chief sees long-term China challenges, continued tariff threat
The United States will need to maintain the threat of tariffs on Chinese goods for years even if Washington and Beijing strike a deal to end a costly tariff war, President Donald Trump’s chief trade negotiator told lawmakers on Wednesday.
