Economic News

  • Pence vows no end to tariffs until China bows

    PORT MORESBY (Reuters) - The United States will not back down from its trade dispute with China, and might even double its tariffs, unless Beijing bows to U.S. demands, Vice President Mike Pence said on Saturday.

  • Trump says U.S. may not impose more tariffs on China

    WASHINGTON (Reuters) - U.S. President Donald Trump said on Friday that he may not impose more tariffs on Chinese goods after Beijing sent the United States a list of measures it was willing to take to resolve trade tensions, although he added it was unacceptable that some major items were omitted from the list.

  • Fed nods to concerns but still sees U.S. rate hikes

    (Reuters) - Federal Reserve policymakers on Friday signaled further interest rate increases ahead, even as they raised relatively muted concerns over a potential global slowdown that has markets betting heavily that the rate-hike cycle will soon peter out.

  • U.S.-China discord dominates APEC summit in Papua New Guinea

    PORT MORESBY (Reuters) - The United States and China swapped barbs over trade, investment and regional security at an Asia Pacific Economic Co-operation (APEC) summit on Saturday, as growing fault lines among members suggested little prospect of consensus at the weekend meeting.

  • Brexit front and middle in light week for data

    LONDON (Reuters) - Brexit will be foremost in investors' minds in the coming week, though a smattering of data will offer further indications as to how much global economic growth, bogged down by politics and trade wars, is slowing.

  • Take Five: Black Friday shoppers to Brexit wreckage, world markets themes for the week ahead

    (Reuters) - Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.

  • Rouhani sees Iran-Iraq trade rising to $20 billion/year from $12 billion

    DUBAI (Reuters) - Iranian President Hassan Rouhani said on Saturday Iran and Iraq could raise annual bilateral trade to $20 billion from the current level of $12 billion.

  • U.S. manufacturing production increases; headwinds growing

    WASHINGTON (Reuters) - U.S. manufacturing output rose for a fifth straight month in October, shrugging off a sharp drop in motor vehicle production and suggesting underlying strength in factory activity despite growing headwinds that are expected to slow the sector in 2019.

  • Student delinquencies up as U.S. household debt hits another record

    NEW YORK (Reuters) - The total debt shouldered by Americans has hit another record high, rising to $13.5 trillion in the last quarter, while an unusual jump in student-loan delinquencies could provide another signal that the U.S. economic expansion is growing old.

  • Dollar, U.S. yields slide on Fed official rate talk

    NEW YORK (Reuters) - The U.S. dollar weakened and Treasury yields slid on Friday after a top Federal Reserve official said U.S. interest rates were near a neutral rate, while the S&P 500 ended positive after a seesaw session helped by optimism over U.S.-China trade ties.

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