China vowed to move immediately on new trade commitments: U.S. official
China vowed over the weekend to move immediately on new commitments it made to improve trade relations with the United States, a top White House official said on Monday.
U.S. construction spending slows, factory growth readings mixed
U.S. construction spending fell for a third straight month, government data showed on Monday, while private-sector figures showed an uptick in manufacturing order growth but offered a mixed view on overall factory activity.
Global markets surge on China-U.S. trade truce, dollar dips, yuan up
A temporary ceasefire in the U.S.-China trade war boosted global stocks to their highest in about three weeks on Monday, while sending the dollar lower and the Chinese yuan and several trade-dependent currencies higher.
Trump appoints trade negotiator Lighthizer to oversee China talks: official
U.S. President Donald Trump has appointed U.S. Trade Representative Robert Lighthizer to oversee a new round of trade talks with China aimed at defusing longstanding trade tensions and heading off a wider trade war, a White House official said on Monda…
Exclusive: Lion Air ponders canceling Boeing jets in row over crash – sources
Indonesia’s Lion Air is reviewing airplane purchases from Boeing Co and has not ruled out canceling orders as relations worsen in a spat over responsibility for a 737 jetliner crash that killed 189 people in late October.
Wall Street rallies on temporary trade truce
U.S. stocks rose on Monday, boosted by gains in trade-sensitive industrial and technology stocks after the United States and China agreed upon a temporary trade detente.
GSK slides after buying cancer firm Tesaro for hefty $5.1 billion
GlaxoSmithKline has agreed to buy U.S. cancer specialist Tesaro for $5.1 billion, a costly investment to rebuild the pharmaceuticals business by new Chief Executive Emma Walmsley that unnerved investors.
Oil surges 3 percent on trade truce, expected supply cuts
Oil prices jumped more than 3 percent on Monday after the United States and China agreed to a 90-day truce in a trade dispute and Canada’s Alberta province ordered a production cut, while exporter group OPEC looked set to reduce supply.
Gas-focused Qatar to exit OPEC in swipe at Saudi influence
Qatar said it will quit OPEC to focus on gas in a swipe at Saudi Arabia, the de facto leader of the oil exporting group which is trying to show unity in tackling an oil price slide.
Several automakers report fall in U.S. sales in November
Several carmakers reported a drop in new car sales in the United States in November, hurt by rising car prices and higher interest rates as well as further declines in sales of sedans.
