China ready for further U.S. trade talks, ambassador says
WASHINGTON/BEIJING (Reuters) - Beijing is ready to resume trade talks with Washington, China's ambassador to the United States Cui Tiankai said, as a top U.S. business lobby in China said nearly half its members are seeing non-tariff barrier retaliation in China due to the trade war.
In Fed policy review, labor may finally win out over inflation
MINNEAPOLIS (Reuters) - At 2.3 percent, Minneapolis' jobless rate seems impossibly low, even with national unemployment at a 50-year trough.
Fed may cut rates if inflation keeps disappointing: Bullard
HONG KONG (Reuters) - Further weakness in inflation could prompt the U.S. Federal Reserve to cut interest rates, even if economic growth maintains its momentum, James Bullard, President of the Federal Reserve Bank of St. Louis, said on Wednesday.
Asia stocks grapple with trade anxiety even as Huawei gets reprieve
TOKYO (Reuters) - Asian stocks struggled for traction on Wednesday, as relief over Washington's temporary relaxation of curbs against China's Huawei Technologies failed to offset deeper worries about an intensifying trade war between the world's two largest economies.
Japan woos Trump with pomp and circumstance, looks to avoid trade battle
TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe will treat U.S. President Donald Trump to an imperial banquet, front row seats at a sumo tournament and a trip to the country's biggest warship on a state visit as Tokyo seeks to avoid a bust-up over trade.
Pro-stimulus BOJ policymaker warns of recession risk if sales tax hike proceeds
NAGASAKI, Japan (Reuters) - A sales tax hike scheduled for October could derail Japan's economic recovery, a central bank board member said on Wednesday, noting more monetary stimulus would be needed if a slowdown hampered the bank's efforts to boost prices.
U.S. budget negotiations advance but no deal yet
WASHINGTON (Reuters) - U.S. Congress and White House negotiators spent hours in closed-door meetings trying to reach a two-year deal on federal spending but could not yet wrap up an agreement, Senate Democratic leader Chuck Schumer said on Tuesday.
Confident of poll win, Modi's alliance promises to boost India's economy
NEW DELHI (Reuters) - India's ruling coalition has promised to rev up growth, double farmers' income and boost infrastructure spending in the next five years after exit polls showed it would retain power when general election votes are counted on Thursday.
Brazil eyes another round of budget freezes, weighing on economy
BRASILIA (Reuters) - Brazil's government is expected to announce another round of budget freezes on Wednesday, raising the risk of pushing the country's already weak economy closer to recession and adding to political pressure on President Jair Bolsonaro.
Oil prices drop on swelling U.S. stockpiles, but markets remain tense
SINGAPORE (Reuters) - Oil prices fell on Wednesday after industry data showed an increase in U.S. crude inventories and as Saudi Arabia pledged to keep markets balanced.