Today's Top Story
Citigroup, BNP caught up in U.S. case against Huawei CFO: documents
NEW YORK (Reuters) - U.S.-based Citigroup
Business News
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Exclusive: Alibaba postpones up to $15 billion Hong Kong listing amid protests: sources
HONG KONG/NEW YORK (Reuters) - China's biggest e-commerce company Alibaba Group Holding Ltd has delayed its up to $15 billion listing in Hong Kong amid growing political unrest in the Asian financial hub, two people with knowledge of the matter told Reuters.
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Trump says he had to 'take China on,' regardless of short-term impact on U.S. economy
WASHINGTON (Reuters) - U.S. President Donald Trump said on Tuesday he had to confront China over trade even if it caused short-term harm to the U.S. economy because Beijing had been cheating Washington for decades.
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Japan, U.S. ministers meet for trade talks as hopes for early deal fade
TOKYO (Reuters) - Japan and the United States will seek to narrow gaps on trade when their top negotiators meet this week, but hopes for a deal in September are fading as both sides fail to make concessions on agriculture and automobiles, sources say.
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Economic News
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Trump says he had to 'take China on,' regardless of short-term impact on U.S. economy
WASHINGTON (Reuters) - U.S. President Donald Trump said on Tuesday he had to confront China over trade even if it caused short-term harm to the U.S. economy because Beijing had been cheating Washington for decades.
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European stocks recover before Fed minutes, Jackson Hole gathering
LONDON (Reuters) - European stocks opened higher on Wednesday as hopes for more monetary and fiscal stimulus helped assuage worries about global recession, political turmoil in Italy and endless trade wars.
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Fearing tobacco's fate, palm oil industry fights back
KUALA LUMPUR (Reuters) - On the morning of Feb. 26, executives from a Washington consultancy presented a strategy paper to some of the most powerful officials in the Malaysian palm oil industry.
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Money News
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DoubleLine's Jeffrey Gundlach says Federal Reserve has lost control
(Reuters) - The Federal Reserve has lost control of interest rates as evidenced by the federal funds rate trading higher than any part of the U.S. Treasury yield curve, Jeffrey Gundlach, the chief executive of DoubleLine Capital, said on Tuesday.
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Hedge fund manager Kyle Bass sees 'shallow recession' potentially in 2020: CNBC
(Reuters) - Hedge fund manager Kyle Bass told CNBC on Tuesday that he sees a "shallow recession" potentially in 2020, also adding that he thinks U.S. interest rates will follow the global interest rates all the way down to zero.
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Yields rise on German fiscal stimulus hopes
NEW YORK (Reuters) - Benchmark U.S. Treasury yields rose on Friday on a report that Germany may be open to running a deficit to boost growth, while stronger stock markets also reduced demand for safe haven debt.
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