Spoils of trade war: Argentina loads up on cheap U.S. soybeans
A ship named the Torrent is nearing the end of a 5,000-mile trip carrying soybeans from the U.S. Great Lakes to Argentina – a journey that only makes economic sense because of the U.S.-China trade war.
U.S., Canada, Mexico continue brinkmanship on trade deal until signing
The leaders of Mexico, Canada and the United States were due to sign a North American trade pact on Friday, although brinkmanship over the final details of the deal continued through the eve of the signing.
Oil prices creep up on expected OPEC cuts, but U.S. supply growth caps gains
Oil prices firmed on Friday on expectations that OPEC and Russia will agree some form of production cuts next week, although swelling U.S. supplies kept markets in check.
China reports weakest factory growth in over two years on eve of U.S. trade talks
Growth in China’s vast manufacturing sector stalled for the first time in over two years in November as new orders slowed, piling pressure on Beijing ahead of crucial trade talks between Presidents Xi Jinping and Donald Trump this weekend.
Asian shares wobble before Trump-Xi meeting
Asian shares wavered on Friday as investors were on edge before a crucial weekend meeting between the Chinese and U.S. presidents that could determine the course of a heated trade war over the next year.
Oil firms as OPEC output cuts loom, but rising U.S. supply stems gains
Oil prices firmed on Friday on expectations that OPEC and Russia will agree some form of production cuts next week, although swelling U.S. supplies kept markets in check.
Trade deal possible at G20 but Chinese paper says U.S. must be ‘fair minded’
China and the United States can reach a trade agreement at the G20 meeting in Argentina this week, the state-run China Daily newspaper said in an editorial on Friday, but Washington must be “fair minded” if it wants to defuse spiraling tensions.
Nio, China rival to Tesla, says U.S. head to step down
The U.S. head of Nio Inc , an electric carmaker seen as one of the main Chinese rivals to Tesla Inc , will leave the company, the firm said in a filing on Friday, the first major management departure since its September IPO.
U.S. judge raises prospect of not approving CVS-Aetna deal
In an unusual move on Thursday, a federal judge raised the prospect of not approving CVS Health Corp’s deal to buy insurer Aetna Inc, which closed earlier this week, during a routine portion of the legal process.
Oil prices edge up on expected OPEC output cuts, but swelling U.S. supply caps gains
Oil prices firmed on Friday as traders expected OPEC and Russia to agree on production cuts next week, although swelling U.S. supplies kept markets in check.
