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Japan, U.S. made ‘big progress’ in trade talks: Japanese minister

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WASHINGTON (Reuters) – The United States and Japan have made “big progress” in bilateral trade talks and shared the understanding of the directionality of the trade talks, Japanese Economy Minister Toshimitsu Motegi said on Friday. FILE PHOTO: Japan’s Minister of Economic Revitalization Toshimitsu Motegi speaks during the signing agreement ceremony for the Trans-Pacific Partnership (TPP) Read More

Wall Street plunges as U.S.-China trade war intensifies

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NEW YORK (Reuters) – Wall Street tumbled on Friday after the U.S.-China trade war escalated in dramatic fashion, with President Donald Trump demanding that American companies seek alternatives to doing business with China after Beijing announced its own slate of retaliatory measures. FILE PHOTO: Traders work on the floor at the New York Stock Exchange Read More

France’s Macron says real ‘ecocide’ going on in Amazon

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PARIS (Reuters) – The Amazon needs better management to end the ‘ecocide’ that is going on in the rainforest, French President Emmanuel Macron said on Friday ahead of a G7 summit at the weekend. As forest fires rage in Brazil, Macron told French news website Konbini that the issue would be discussed at the meeting Read More

Trump calls on U.S. firms to exit China as trade war escalates

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WASHINGTON/BEIJING (Reuters) – President Donald Trump on Friday pressured U.S. companies to leave China after Beijing unveiled retaliatory tariffs on $75 billion in U.S. goods, stoking fears their escalating trade war will tip the global economy into recession. FILE PHOTO: U.S. President Donald Trump and China’s President Xi Jinping pose for a photo ahead of Read More

Trump tweetstorm sinks Wall Street as trade war rages on

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NEW YORK (Reuters) – Wall Street plunged in a broad sell-off on Friday as China and the United States traded their latest salvos in a prolonged trade war, spooking investors and erasing slight gains following a generally positive speech by U.S. Federal Reserve chair Jerome Powell. FILE PHOTO: Traders work on the floor at the Read More

U.S. appeals court mostly upholds Obama-era ozone rules

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(Reuters) – A U.S. appeals court on Friday mostly upheld Obama-era Environmental Protection Agency regulations from 2015 that set a more stringent standard for ozone, a pollutant linked to several serious health conditions, rejecting industry groups’ claims the emission limits were too hard to attain. The U.S. Court of Appeals for the D.C. Circuit largely Read More

China to slap retaliatory tariffs on $75 billion-worth of US goods, targeting soybeans, oil & cars

11 hours ago DieselGasoil Comments Off on China to slap retaliatory tariffs on $75 billion-worth of US goods, targeting soybeans, oil & cars
Beijing has finally unveiled its response to Washington’s latest tariffs, vowing to hike levies on $75 billion-worth of US exports and to resume 25 percent tariffs on American automobiles. Beijing’s response measures will be implemented at the same stage as Washington’s, which plans to levy tariffs on $300 billion-worth of Chinese products on September 1 Read More

Wall St. opens lower on China tariff blow

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FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., August 13, 2019. REUTERS/Eduardo Munoz (Reuters) – Wall Street opened lower on Friday, as China revealed retaliatory tariffs against about $75 billion worth of U.S. goods that intensified trade tensions ahead of a much-anticipated speech by Federal Read More

Thyssenkrupp, Kloeckner in talks over co-operation in materials trading: sources

16 hours ago DieselGasoil Comments Off on Thyssenkrupp, Kloeckner in talks over co-operation in materials trading: sources
FRANKFURT (Reuters) – Thyssenkrupp (TKAG.DE) is in talks with Kloeckner & Co (KCOGn.DE) over future cooperation in materials trading, but is not exploring a near-term takeover of the metals firm, three people familiar with the matter said. FILE PHOTO: A logo of Thyssenkrupp AG is pictured at the company’s headquarters in Essen, Germany, November 21, Read More