Global Stocks Rise With Eyes on Trade
Global stocks extended a rally after China exempted certain U.S. products from higher tariffs ahead of trade talks planned for next month.
American Businesses Say China's Slowdown Is a Greater Threat Than the Trade War
U.S. companies are downshifting in China as its economy slows and trade tensions with the U.S. persist, according to a new survey that highlights softening revenue, reduced investment and job cutbacks.
China Unveils Lists of U.S. Goods Exempted From Higher Tariffs
China's State Council Wednesday released two lists of products that will be exempted from higher tariffs in its trade dispute with the U.S. as the world's two largest economies prepare for the next round of trade talks in October.
JPMorgan CEO Dimon Raises Specter of Zero Rates
The biggest bank in the U.S. is starting to prepare for how to make money if interest rates in the U.S. drop to zero.
Oil Prices Sink After Trump Ousts John Bolton
U.S. oil prices fell by about $1 a barrel when President Trump announced the resignation of national security adviser John Bolton, a policy hawk whose exit, analysts said, could lead to a greater global supply of crude.
China's Leaders Are Penned In as Citizens Stomach High Pork Prices
Beijing has tried a variety of measures in recent weeks to bump up the pork supply and bring down prices after a yearlong outbreak of African swine fever decimated the country's hogs. So far, they haven't been enough.
China's PBOC to Issue CNY5 Billion in Central Bank Bill Swaps
China's central bank will issue a 5 billion yuan ($703 million) central bank bill swap Wednesday in a bid to boost the liquidity of lenders' perpetual bonds.
South Korea Files Complaint Against Japan's Export Curbs With WTO
South Korea on Wednesday said it has filed a complaint with the World Trade Organization against Japan's curbs on exports of materials used by Korean high-technology companies, escalating the trade spat between the two U.S. allies.
U.S. Warns Switzerland on Oversight of Facebook's Libra
The U.S. urged Switzerland to ensure its regulations governing cryptocurrencies are strong enough to prevent abuse, as the European banking hub prepares to host Libra, a digital currency proposed by Facebook.
U.S. Job Openings Cool in Slowing Labor Market
The number of job openings decreased in July from a year earlier for the second consecutive month, underscoring slowing demand for new workers, though opportunities remain plentiful for job seekers.