U.S. trade chief expects to meet China's vice premier ahead of G20
The top U.S. trade negotiator on Wednesday said he expects he and the U.S. Treasury secretary will meet the Chinese vice premier ahead of the G20 summit in Japan later this month.
The top U.S. trade negotiator on Wednesday said he expects he and the U.S. Treasury secretary will meet the Chinese vice premier ahead of the G20 summit in Japan later this month.
The trade war between Beijing and Washington has stoked concern in financial markets that China might opt to weaponize its holdings of more than $1.1 trillion worth of U.S. Treasuries in retaliation for the tariffs the Trump administration has imposed on Chinese imports.
Wall Street's main indexes were flat on Wednesday, as investors refrained from taking positions ahead of the Federal Reserve's policy statement that is expected to open the door to future interest rate cuts.
The Canadian dollar strengthened to a five-day high against its U.S. counterpart on Wednesday, as investors reduced bets on a Bank of Canada interest rate cut this year after domestic data showing greater-than-expected inflation.
Southwest Airlines Pilots Association (SWAPA) plans to seek compensation from Boeing Co for "every dollar" of money spent cooperating with the U.S. Justice Department's criminal probe into two 737 MAX crashes, its president said in a letter to pilots.
A gauge of global stock markets strengthened on Wednesday, bolstered by gains on Wall Street, and benchmark U.S. Treasury yields and the dollar dropped after the Federal Reserve signaled possible interest rate cuts over the rest of this year.
Global watchdogs and congressional leaders are calling for oversight of a digital asset being launched by Facebook and other tech companies.
On May 1, the Federal Reserve viewed the American economy as having a solid footing and risks to the outlook were muted.
Dell Technologies Inc, HP Inc, Microsoft Corp and Intel Corp on Wednesday opposed U.S. President Donald Trump's proposal to include laptop computers and tablets among the Chinese goods targeted for tariffs.
Oracle Corp on Wednesday forecast current-quarter profit above estimates, as the business software maker benefited from demand for its on-premise IT, cloud services and license support businesses, sending its shares up as much as 7% in extended trading.
Aiming to jumpstart dormant talks, the top U.S. trade negotiator said on Wednesday he will confer with his Chinese counterpart before next week's meeting between President Donald Trump and Chinese President Xi Jinping in Japan as the two countries take another shot at resolving their damaging trade dispute.
Oracle Corp beat fourth-quarter revenue and profit estimates on Wednesday, as the business software maker benefited from demand for its on-premise IT, cloud services and license support businesses, sending its shares up as much as 7% in extended trading.
The top U.S. trade negotiator said on Wednesday he is ready to work with lawmakers "sooner rather than later" to address concerns over a new North American pact, even as a leading Democrat outlined roadblocks to the deal's approval.
T-Mobile US Inc is preparing an alternative plan if a deal to sell wireless assets to Dish Network Corp falls through, according to two sources familiar with the matter.
Facebook Inc's plans to create a global cryptocurrency will face scrutiny from the U.S. Senate Banking Committee on July 16, the latest sign that policymakers around the globe are casting a wary eye on the project.