United States: U.S. Push for Stable Yuan May Unwind China's Move Toward Markets President Donald Trump may finally get to deliver on his campaign promise to address China’s management of its currency for what he has insisted is its trade advantage. But it would mean an about-face on almost a decade of global economic policy.
United States: Warning Signs Flash for HSBC, Merrill in Emerging Market Rally The backlash to the world’s most-popular trade is underway -- the emerging market rally has now gone too far, according to HSBC Holdings Plc and Bank of America Merrill Lynch. A combination of potentially hawkish Federal Reserve surprises and already stretched performance has
United States: Trump Adds to Carmakers’ Woes as Markets Across Planet Fizzle The tariffs that President Donald Trump may impose on vehicles imported to the U.S. would be just the latest kick in the teeth for carmakers battling cooling markets across the planet. Findings of an investigation into whether imported cars could pose a national
United States: Xi Hails Important Progress, Says Trade Talks to Resume in U.S. President Xi Jinping said U.S.-China trade talks would continue next week in Washington, as the two sides race to reach a deal that would avert a tariff increase on Chinese goods after March 1. “Negotiations between both sides have achieved important progress
United States: Krugman Sees Possible U.S. Recession With Little Fed Wiggle Room Nobel laureate Paul Krugman said the U.S. economy may be heading into a recession at a time when the Federal Reserve doesn’t have the firepower to properly combat a slump. “There seems to be an accumulation of smaller problems and the underlying backdrop
United States: Trump Says He Won’t Meet Xi Jinping Before Tariff Deadline President Donald Trump said he won’t meet Chinese President Xi Jinping before a March 1 deadline to avert higher U.S. tariffs on Chinese goods, intensifying fears the two won’t strike a deal before the end of a 90-day truce. Trump responded “No” and
United States: U.S. Jobless Claims Fall Less Than Expected After Shutdown Ends Filings for U.S. unemployment benefits fell by less than expected last week, signaling it may take longer for the labor market to return to its previous trend following the partial government shutdown. Jobless claims declined to 234,000 in the week ended Feb. 2,
United States: U.S. Shutdown Robs Wednesday's Productivity Report of Main Gauge The Labor Department will publish new data on U.S. productivity Wednesday, though the report will lack the main measure because of the government shutdown. The fourth-quarter productivity and costs release due at 8:30 a.m. in Washington will include manufacturing productivity for the period, though
United States: Tariffs May Live On as Trump’s Best Bet to Enforce a China Deal American tariffs are what got China to the negotiating table in the first place, the Trump administration argues. Those same tariffs may be needed even after a trade deal is reached –- to ensure that China sticks to it. That’s
United States: Tariffs May Live On as Trump’s Best Bet to Enforce a China Deal American tariffs are what got China to the negotiating table in the first place, the Trump administration argues. Those same tariffs may be needed even after a trade deal is reached –- to ensure that China sticks to it. That’s
