WASHINGTON (Reuters) – President Donald Trump said on Wednesday the U.S. deal with China is done, with Beijing to supply magnets and rare earth minerals while the U.S. will allow Chinese students in its colleges and universities. “WE ARE GETTING A TOTAL OF 55% TARIFFS, CHINA IS GETTING 10%. RELATIONSHIP IS EXCELLENT!” Trump wrote on …
Trump says China will supply rare earths, US to allow students Read More »
By Nicole Jao NEW YORK (Reuters) -Oil prices rose more than 4% on Wednesday, to their highest in more than two months, after sources said the U.S. was preparing to evacuate its Iraqi embassy due to heightened security concerns in the Middle East. Brent crude futures settled $2.90, or 4.34%, higher to $69.77 a barrel. …
Oil prices jumps 4% to 2-month high as tensions rise in Middle East Read More »
LOS ANGELES (Reuters) -Imports at several of the busiest U.S. seaports dropped sharply in May, after President Donald Trump’s short-lived 145% tariffs on many goods from China stalled trade, according to data from Descartes Datamyne. The world’s two biggest economies overnight announced a trade deal framework that sets tariffs on China at the prior 30% …
US ocean imports plunged in May on 145% tariffs on China Read More »
By Arathy Somasekhar HOUSTON (Reuters) -An ethane tanker that loaded in the United States headed to India on Wednesday, ship tracking data showed, after Washington required U.S. exporters to seek licenses to ship the shale gas to top buyer China. Around half of all U.S. ethane exports head to China, where it is used by …
US-loaded ethane vessel heads to India after China export curbs Read More »
(Reuters) -General Mills is considering selling its Haagen-Dazs ice-cream stores in China, Bloomberg News reported on Wednesday, citing people familiar with the matter. The Minneapolis, Minnesota-based company may seek several hundred million dollars for the assets in a sale process that could begin this year, according to the report. The discussions are in early stages …
General Mills mulls sale of China Haagen-Dazs stores, Bloomberg News reports Read More »
PARIS (Reuters) -AirAsia is in advanced discussions to place an order for at least 100 Airbus jets at next week’s Paris Airshow, a deal likely to mark the introduction to its fleet of the planemaker’s smallest jet, the A220, industry sources said. Malaysia-based low-cost carrier AirAsia operates an all-Airbus fleet and has previously said it …
AirAsia close to buying at least 100 Airbus jets in shift to A220, sources say Read More »
NEW YORK/SINGAPORE (Reuters) -U.S. and Chinese officials said they had agreed on a framework to put their trade truce back on track and remove China’s export restrictions on rare earths while offering little sign of a durable resolution to longstanding trade differences. China’s Vice Commerce Minister Li Chenggang said the two teams had agreed on …
WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent on Wednesday called on China to uphold its commitments under an initial U.S. trade agreement reached in Geneva last month, hours after he and other U.S. and Chinese officials agreed on a new framework to implement the deal. Bessent said in testimony before the House of Representatives Ways …
US Treasury’s Bessent calls on China to be ‘reliable partner’ in trade negotiations Read More »
HANOI (Reuters) -Vietnam Airlines said on Wednesday it has signed a non-binding funding agreement of up to $1.5 billion with ING to support plans to accelerate the expansion of its international flight network. (Reporting by Francesco Guarascio; Editing by Jan Harvey)
BEIJING (Reuters) -Chinese tech giant Huawei launched its Pura 80 smartphone series on Wednesday, as the company seeks to cement its comeback in China’s premium smartphone market following years of U.S. sanctions. WHY IT’S IMPORTANT Huawei’s latest flagship launch demonstrates the Chinese tech giant’s continued efforts to reclaim the top spot in its home market …
Huawei launches Pura 80 smartphone series in next step of China comeback Read More »
