WASHINGTON, Dec 4 (Reuters) – U.S. trade with China needs to be balanced and probably needs to be smaller, U.S. Trade Representative Jamieson Greer said on Thursday, adding that he viewed a 25% drop in goods trade with China as heading in the “right direction.” “The landing zone with China is our trade with them …
US trade with China probably needs to be smaller, USTR’s Greer says Read More »
WASHINGTON, Dec 4 (Reuters) – Canada and Mexico should not be used as export hubs for China, Vietnam, Indonesia and other countries, U.S. Trade Representative Jamieson Greer said on Thursday, saying that this was already happening in some cases in Mexico. Greer told a conference in Washington that there were problems with the U.S.-Mexico-Canada trade …
Canada and Mexico should not be export hubs for China, says USTR Read More »
By Leika Kihara TOKYO, Dec 4 (Reuters) – Bank of Japan chief Kazuo Ueda used diplomacy and nodded to the dangers of inflation and a weak yen to sell his plan for a December rate hike to Prime Minister Sanae Takaichi, who only last year called rate hikes “stupid”. The pitch worked – both markets …
BOJ wins first showdown with Takaichi – what’s next is less certain Read More »
By Roberto Samora and Fernando Cardoso SAO PAULO, Dec 4 (Reuters) – Brazil’s soybean exports jumped 64% in November from a year ago to 4.2 million metric tons, the government said on Thursday, with good local supply allowing elevated shipments before the world’s largest importer China shifts to United States’ beans. Brazil soy exports normally …
Brazil soy exports jump 64% in November ahead of Chinese shift to US Read More »
By Jamie McGeever ORLANDO, Florida, Dec 4 (Reuters) – Wall Street’s big three indices were little changed on Thursday, while the dollar and Treasury yields rose, after a surprisingly strong U.S. labor market indicator called into question how much lower the Fed will cut interest rates next year. More on that below. In my column …
Dec 4 (Reuters) – The U.S. Federal Trade Commission is examining whether router maker TP-Link Systems Inc. may have deceived consumers by allegedly concealing its connections to China since its restructuring last year, a source familiar with the matter said on Thursday. Under investigation is whether TP-Link created a false sense of security for its …
FTC examines whether TP-Link misled US consumers about its China split, source says Read More »
By Eric Onstad LONDON, Dec 4 (Reuters) – Brazilian rare earths miner Serra Verde has slashed the contract periods of its Chinese processing deals, opening up the potential to supply Western companies when their separation capacity becomes available in coming years, its CEO said. The West has been racing to develop alternative sources of rare …
Serra Verde cuts short China offtake deals, approached by Western firms Read More »
Dec 4 (Reuters) – Glenfarne’s Alaska LNG unit said on Thursday it finalized an agreement to supply 1 million tonnes per annum of liquefied natural gas to South Korean trading firm POSCO International for 20 years from its planned export project. This follows a preliminary agreement signed in September. Global demand for the superchilled fuel …
Glenfarne finalizes 20-year LNG supply deal with South Korea’s POSCO Read More »
By Pratima Desai LONDON, Dec 4 (Reuters) – Commodity trader Mercuria has given notice of its plans to take significant amounts of copper from London Metal Exchange warehouses in Asia, four sources familiar with the matter said, as prices rise on expectations of short supplies. Anticipated shortages next year partly due to mine supply disruptions …
Mercuria’s copper grab from LME Asia intensifies supply angst Read More »
By Andrea Shalal WASHINGTON, Dec 4 (Reuters) – International Monetary Fund Managing Director Kristalina Georgieva will visit China next week as the global lender completes a regular review of the Chinese economy, the IMF said on Thursday. Georgieva’s new deputy, Dan Katz, was in China this week for discussions under the review, which began December …
IMF chief Georgieva to visit China next week, IMF says Read More »
