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Wall Street sinks as Trump hints at delay in trade deal with China

Wall Street fell more than 1% and the benchmark S&P 500 hit a near one-month low on Tuesday, as comments from President Donald Trump and Commerce Secretary Wilbur Ross stoked fears of a significant delay in resolving a trade dispute with China.



5 years ago

Trump says China trade deal may have to wait amid sticking points in talks

President Donald Trump said on Tuesday a trade deal with China might have to wait until after the U.S. presidential election in November 2020, denting hopes that the two largest economies would soon reach an initial deal to ease their damaging trade war.



5 years ago

U.S. shoppers, mostly online, spend 16% more over holiday weekend

A record number of U.S. consumers spent more online and in stores over the holiday weekend for everything from clothing to toys, the National Retail Federation said on Tuesday.



5 years ago

Federal Reserve terminates 2015 forex enforcement action against Bank of America

The U.S. Federal Reserve announced Wednesday it had terminated a 2015 enforcement action against Bank of America over its shortcomings in preventing traders from manipulating foreign exchange rates.



5 years ago

Volkswagen headquarters raided again over diesel scandal

German public prosecutors raided the Wolfsburg headquarters of Volkswagen on Tuesday in the latest investigation into the carmaker's diesel emissions scandal.



5 years ago

WTO tussles over hard stop vs phase-out of appeals system

The World Trade Organization (WTO) battled on Tuesday over whether to bring its Appellate Body to an abrupt halt or allow its adjudicators to settle a handful of pending cases, according to trade officials present at a meeting on the subject.



5 years ago

Oil steadies after brief slide on Trump's U.S-China trade comments

Oil steadied on Tuesday, as expectations of output cuts from OPEC and allied producers brought prices back up after they slid briefly following comments from U.S. President Donald Trump that a trade deal with China may be delayed.



5 years ago

Medicare open enrollment ends soon. What to do if you picked the wrong coverage

If you discover that you don't like your 2020 Medicare coverage after Dec. 7 — which is when open enrollment ends — you might have options for switching to a different plan, depending on the specifics of your situation.

5 years ago

Repsol says it will reach zero emissions by 2050

In a first for the oil and gas industry, Repsol announced on Monday that it will reach zero emissions by 2050.

5 years ago

McLaren looks to Asia and hybrid cars to stay on track

British exotic sports car maker McLaren Automotive will bank on expanded sales in Asia and a new generation of hybrid cars as it steers toward a potential public offering, the company's chief executive said on Tuesday.



5 years ago

French Champagne makers fear impact of potential new U.S. duties

French champagne producers and exporters decried a U.S. government threat to slap tariffs of up to 100% on a range of French products including sparkling wines, saying they have nothing to do with the dispute and calling for government help.



5 years ago

Safran CEO cautious on supply chain once Boeing grounding lifted

The head of French jet engine maker Safran has voiced caution over the ability of aerospace supply chains to ramp up quickly after the return to service of the Boeing 737 MAX, which has been grounded for months following two fatal accidents.



5 years ago

Wall St. tumbles as Trump dents hopes of trade deal this year

Wall Street's main indexes hovered near one-month lows on Tuesday, as comments from President Donald Trump and Commerce Secretary Wilbur Ross stoked fears of a significant delay in resolving a trade dispute with China.



5 years ago

Barry Callebaut cites progress in helping cocoa farmers tackle child labour

Swiss cocoa products maker Barry Callebaut said on Tuesday that 26% of the farmer groups from which it sourced products in 2018/2019 had programmes to prevent child labour,



5 years ago