New round of U.S.-China trade talks begins Tuesday
WASHINGTON (Reuters) - A new round of talks between the United States and China to resolve their trade war will take place in Washington on Tuesday, with follow-up sessions at a higher level later in the week, the White House said on Monday.
Auto industry lines up against possible U.S. tariffs
WASHINGTON (Reuters) - The U.S. auto industry urged President Donald Trump's administration on Monday not to saddle imported cars and auto parts with steep tariffs, after the U.S. Commerce Department sent a confidential report to the White House late on Sunday with its recommendations for how to proceed.
UK manufacturers warn of 'catastrophic' no-deal Brexit
LONDON (Reuters) - Britain faces the "catastrophic prospect" of a no-deal Brexit next month due to the selfishness of some politicians and chaotic parliamentary proceedings, the head of the country's main manufacturing association said on Tuesday.
China needs tax cuts to relieve pressure on economy: vice premier
SHANGHAI (Reuters) - China's decision to cut company taxes and fees is an important part of fiscal policy and is a hard-hitting measure needed to cope with pressure on the economy, state media reported Vice Premier Han Zheng as saying.
Asian shares hover near four-month high, buoyed by trade optimism
TOKYO (Reuters) - Asian shares hovered near a four-month peak on Tuesday, supported by hopes that Sino-U.S. trade talks were making positive progress and expectations of policy stimulus from central banks.
Brent oil eases from 2019 highs as markets await trade talks outcome
SINGAPORE (Reuters) - Brent crude oil prices eased away from 2019 highs on Tuesday on caution that economic growth may dent fuel demand this year, although supply cuts led by producer cartel OPEC still meant markets were relatively tight.
Euro's bounce slows as focus shifts back to economy, ECB policy
TOKYO (Reuters) - The dollar held steady against its peers on Tuesday, lacking strong direction as U.S. markets were shut for a holiday the previous day, while the euro's latest bounce slowed as the focus drifted back to the economy and European Central Bank policy.
Russia's Rusal is in talks to resume reinsurance with Western companies
MOSCOW (Reuters) - Russia's Rusal, the world's second-largest aluminum producer, is in talks to resume reinsuring its risks with Western companies after Washington lifted sanctions on it, officials with Russian National Reinsurance Co (RNRC) said.
UK's Gove: Govt will use tariffs, quotas to protect farmers after Brexit
LONDON (Reuters) - The British government will use tools including tariffs and quotas to make sure its farmers are not left at a competitive disadvantage by Brexit, environment minister Michael Gove will say on Tuesday.
Brazil wants compensation, may retaliate against EU steel duties
BRASILIA (Reuters) - Brazil has asked the European Union for compensation after it imposed import tariffs on steel from major producing countries earlier this month, the Brazilian government said in a statement on Monday.