Wall Street advances as industrials jump on trade hopes
NEW YORK (Reuters) - U.S. stocks advanced on Thursday as hopes of a resolution to the trade dispute between the United States and China boosted industrial shares and lifted investor sentiment.
U.S. Treasury Secretary Mnuchin weighs lifting tariffs on China: WSJ
WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin discussed lifting some or all tariffs imposed on Chinese imports and suggested offering a tariff rollback during trade discussions scheduled for Jan. 30, the Wall Street Journal reported on Thursday, citing people familiar with the internal deliberations.
U.S. labor market strong; mid-Atlantic factory activity improves
WASHINGTON (Reuters) - The number of Americans filing applications for jobless benefits unexpectedly fell last week, pointing to sustained labor market strength that should continue to underpin the economy.
Bogle's legacy: Booming index funds with perhaps too much reach
BOSTON (Reuters) - John "Jack" Bogle, the founder of index investment pioneer Vanguard Group Inc, changed Wall Street by convincing millions to turn away from mutual funds that actively pick stocks, but his legacy will also be shaped by the unintended consequences of index funds.
Fed's Evans says good time for central bank to pause rate hikes
WASHINGTON (Reuters) - Chicago Federal Reserve Bank President Charles Evans said on Thursday it was a good time for the U.S. central bank to pause in its campaign of interest rate hikes given the uncertainty in the economic outlook.
Trump tariffs force tough choices at U.S. auto suppliers
WYOMING, Mich. (Reuters) - Bob Roth makes no bones about his feelings towards U.S. manufacturing.
U.S. House backs sanctions on Russia's Rusal in symbolic vote
WASHINGTON (Reuters) - The U.S. House of Representatives on Thursday backed legislation to keep sanctions on companies linked to Russian oligarch Oleg Deripaska, including aluminum firm Rusal <0486.HK>, but the Trump administration is expected to lift them as soon as Friday.
Bolsonaro wants trade to make up 30 percent of Brazil's GDP by 2022: source
BRASILIA (Reuters) - Brazil far-right President Jair Bolsonaro's economic team wants trade to account for 30 percent of gross domestic product (GDP)by the end of his four-year term, a senior administration source said on Thursday, adding that growing commerce was a priority.
Colombia evaluating selling stake in Ecopetrol -minister
BOGOTA (Reuters) - Colombia's government is evaluating selling as much as an 8.9 percent stake in state-run oil firm Ecopetrol
to fund spending this year, the finance minister said on Thursday.
Italy government approves flagship welfare reforms
ROME (Reuters) - The Italian government on Thursday approved flagship reforms of the welfare and pension system, election pledges of the anti-establishment 5-Star Movement and the right-wing League, which mark a major overhaul of the country's welfare state.