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Made in USA: Trump calls on American firms to abandon China

7 hours ago DieselGasoil Comments Off on Made in USA: Trump calls on American firms to abandon China
By Ganesh Rao, business reporter President Donald Trump has furiously responded to China’s decision to impose new retaliatory tariffs on American goods. In a series of tweets, Mr Trump said he was ordering US companies to look at ways to close their operations in China and make more of their products in the United States Read More

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

7 hours ago DieselGasoil Comments Off on Trump calls on U.S. firms to exit China as trade war escalates
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 furiously responds to China’s new retaliatory tariffs

10 hours ago DieselGasoil Comments Off on Trump furiously responds to China’s new retaliatory tariffs
By Ganesh Rao, business reporter President Donald Trump has furiously responded to China’s decision to impose new retaliatory tariffs on American goods. In a series of tweets, Mr Trump said he was ordering US companies to look at ways to close their operations in China and make more of their products in the United States Read More

China to impose 5% tariff on US crude from Sep 1: State Council

10 hours ago DieselGasoil Comments Off on China to impose 5% tariff on US crude from Sep 1: State Council
Singapore — China’s plans to levy 5% tariff on US crude imports from September 1 caused a drop in benchmark crude prices Friday, jeopardized seaborne US crude shipments heading to China and limiting buying interest in US crude from Chinese refiners. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Read More

Powell stops short of committing to rate cuts, and Trump fumes

10 hours ago DieselGasoil Comments Off on Powell stops short of committing to rate cuts, and Trump fumes
JACKSON HOLE, Wyo. (Reuters) – The Federal Reserve will “act as appropriate” to keep the U.S. economy healthy, Fed Chair Jerome Powell said on Friday, remarks that did not say how fast it might cut interest rates, drawing fire from President Donald Trump. FILE PHOTO: Federal Reserve Chair Jerome Powell holds a news conference following Read More

Powell: Fed to act as appropriate to keep expansion going

12 hours ago DieselGasoil Comments Off on Powell: Fed to act as appropriate to keep expansion going
(Reuters) – The U.S. economy is in a “favorable place” and the Federal Reserve will “act as appropriate” to keep the current economic expansion on track, Fed chair Jerome Powell said on Friday in remarks that gave few clues about whether the central bank will cut interest rates at its next meeting or not. FILE Read More

China strikes back at U.S. with new tariffs on $75 billion in goods

12 hours ago DieselGasoil Comments Off on China strikes back at U.S. with new tariffs on $75 billion in goods
BEIJING (Reuters) – China said on Friday it will impose retaliatory tariffs against about $75 billion worth of U.S. goods, putting as much as an extra 10% on top of existing rates in the dispute between the world’s top two economies. FILE PHOTO: A U.S. flag on an embassy car is seen outside a hotel Read More

Powell says Fed will ‘act as appropriate’ but offers little more guidance

12 hours ago DieselGasoil Comments Off on Powell says Fed will ‘act as appropriate’ but offers little more guidance
JACKSON HOLE, Wyo. (Reuters) – The U.S. economy is in a “favorable place” and the Federal Reserve will “act as appropriate” to keep the current economic expansion on track, Fed chair Jerome Powell said on Friday in remarks that gave few clues about whether the central bank will cut interest rates at its next meeting Read More

Stocks, dollar inch up ahead of Powell’s Jackson Hole speech

15 hours ago DieselGasoil Comments Off on Stocks, dollar inch up ahead of Powell’s Jackson Hole speech
LONDON (Reuters) – World stock markets and the dollar rose on Friday as investors looked to a speech by Federal Reserve chair Jerome Powell for clarification on whether the U.S. central bank remains on course to deliver another interest rate cut in next month. FILE PHOTO: The German share price index DAX graph is pictured Read More

Half of Venezuela’s oil rigs may vanish if U.S. sanctions waivers lapse

16 hours ago DieselGasoil Comments Off on Half of Venezuela’s oil rigs may vanish if U.S. sanctions waivers lapse
By Peter Millard and Fabiola Zerpa on 8/23/2019 RIO DE JANEIRO (Bloomberg) – A looming U.S. sanctions deadline is threatening to clobber Venezuela’s dwindling rig fleet and hamper energy production in the nation with the world’s largest crude reserves. Almost half the rigs operating in Venezuela will shut down by Oct. 25 if the Trump Read More