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.
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.
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.
Exclusive: Humbled Noble Group seeks to rebuild LNG, energy businesses: sources
SINGAPORE (Reuters) - Noble Group Holdings (Noble Holdings) plans to rebuild its liquefied natural gas (LNG) and core energy businesses and develop rare earths as it seeks new life as a niche, Asia-focused commodity trader, sources aware of the matter said.
Glencore, BP stuck with tainted Russian crude
MOSCOW (Reuters) - BP and Glencore are struggling to sell around 600,000 tonnes of tainted Russian oil more than three months after the contamination was discovered, according to six trading sources.
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.
UK posts small budget surplus as government spending rises before Brexit
LONDON, Reuters) - Britain posted a smaller-than-expected budget surplus in July as government expenditure rose, underlining budget constraints on new Prime Minister Boris Johnson as he promises to boost spending ahead of Brexit.
Exclusive: China's Tianjin government orders Bohai Steel restructuring start by September: sources
SINGAPORE/BEIJING (Reuters) - The government of the Chinese city of Tianjin, the only shareholder of bankrupt Bohai Steel Group Ltd, is demanding that Bohai's creditors and strategic investor implement a bankruptcy restructuring plan by the end of September, two creditor sources with direct knowledge of the matter said.
Mexico reaches deal with U.S. to avoid tomato anti-dumping probe: minister
MEXICO CITY (Reuters) - Mexican tomato producers have reached a deal with the U.S. Department of Commerce to avoid an anti-dumping investigation, Mexican Economy Minister Graciela Marquez said on Wednesday, ending tariff dispute that had rumbled on for months.
Bankers hawk hedging as trade war hits China's yuan
SHANGHAI (Reuters) - In a Shanghai room packed with small businesses ranging from furniture makers to garment exporters, Zhu Yuan, a currency expert at Bank of Communications, explains why Chinese companies need to build their defenses against currency volatility.