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By Kevin Yao and Liz Lee BEIJING (Reuters) -New bank lending in China tumbled more than expected in February from a record high the previous month, even as policymakers seek to shield the economy from an escalating trade war with the United States by boosting consumption. Chinese banks extended 1.01 trillion yuan ($139.62 billion)in new …

China Feb bank lending slows more than expected as US tariffs add to uncertainty Read More »

PARIS (Reuters) – The European Union was probably mistaken in targeting American whiskey in its riposte to U.S. tariffs, French Prime Minister Francois Bayrou said on Sunday, calling for talks to avoid more damaging duties on France’s cognac industry. U.S. President Donald Trump on Thursday threatened to impose a 200% tariff on all wines and …

French PM says EU tariff on American bourbon probably mistaken Read More »

By Lewis Krauskopf NEW YORK (Reuters) – A U.S. stock market rocked by President Donald Trump’s back-and-forth on foreign import tariffs faces a Federal Reserve meeting in the coming week, as investors look for hints about further interest rate cuts that could restore some calm to markets. A weeks-long slide in stocks accelerated in recent …

Fed on tap for tariff-jolted market as investors look for calm Read More »

By Saqib Iqbal Ahmed NEW YORK (Reuters) -For the first time in over a year, the U.S. stock market is in a correction. The question now is whether the slide is set to get worse. The benchmark stock index closed down more than 10% from its February 19 closing high, meeting the widely used definition …

S&P 500 correction in six charts Read More »

By David Shepardson and Dan Catchpole WASHINGTON/SEATTLE (Reuters) -U.S. planemaker Boeing lost its way and also lost the trust of the American people after a January 2024 mid-air emergency involving a new Boeing 737 MAX and two fatal crashes in 2018 and 2019, Transportation Secretary Sean Duffy said Friday. Duffy also said the Federal Aviation …

Boeing lost trust of Americans, needs strict oversight, US official says Read More »

(Reuters) -All drug manufacturers, including Novo Nordisk and Teva Pharmaceuticals, whose medicines are part of the second round of price talks have agreed to participate in the negotiation process, a federal health agency said on Friday. The price negotiation process was established under former President Joe Biden’s signature Inflation Reduction Act in 2022. The second …

Drugmakers agree to participate in second round of price negotiations Read More »

By Stephen Culp NEW YORK (Reuters) -U.S. stocks rebounded on Friday as investors hunted for bargains at the end of a tumultuous week in which U.S. President Donald Trump’s escalating trade war fueled recession fears and doused risk appetite. A broad rally boosted all three major U.S. stock indexes to solid gains, with recently battered …

Wall St ends sharply higher as selloff prompts dip-buying rally Read More »