Without a China trade deal, the U.S. will hike tariffs: Trump
WASHINGTON (Reuters) - The United States would raise tariffs on Chinese imports if no deal is reached with Beijing to end a trade war, U.S. President Donald Trump said on Tuesday, threatening an escalation of the spat that has damaged economic growth worldwide.
Asia shares trapped in a trade maze, oil nurses losses
SYDNEY (Reuters) - Asian shares stumbled on Wednesday as the Sino-U.S. trade talks produced nothing but a stream of conflicting messages, while concerns about a glut of supply left oil prices nursing their biggest one-day loss in seven weeks.
U.S. housing outlook improves but not breaking new ground: Reuters poll
BENGALURU (Reuters) - The rise in U.S. home prices will continue to outpace consumer inflation until at least 2022, albeit at a slower pace than forecast three months ago, despite a majority of analysts polled by Reuters predicting an improvement in activity in the coming year.
After meeting AFL-CIO, Pelosi says USMCA must be enforceable for workers to win passage
WASHINGTON (Reuters) - U.S. House of Representatives Speaker Nancy Pelosi on Tuesday conditioned her support for a new U.S.-Mexico-Canada trade deal on better enforcement of its labor provisions, defying pressure by the Trump administration to get the deal done quickly.
U.S. services data suggests upward revision to third-quarter GDP
WASHINGTON (Reuters) - U.S. economic growth for the third quarter is likely to be revised higher after data on Tuesday showed stronger consumer spending than initially estimated, according to JPMorgan.
Lower mortgage rates boost U.S. housing starts, building permits
WASHINGTON (Reuters) - U.S. homebuilding rebounded in October and permits for future home construction jumped to a more than 12-year high, pointing to strength in the housing market amid lower mortgage rates.
Dollar, yen supported as caution prevails on mixed trade signals
SINGAPORE (Reuters) - The dollar and the safe-haven yen found support on Wednesday as a lack of clarity on U.S.-China trade talks kept investors cautious ahead of the release of minutes from the U.S. Federal Reserve's last policy meeting.
Oil prices steady after two-day drop as growth concerns weigh
SINGAPORE (Reuters) - Oil prices were steady on Wednesday, after falling the past two days, as a surge in U.S. stockpiles reinforced concerns about lackluster global economic growth amid the trade war between the United States and China, the world's two biggest oil consumers.
Fed's Williams: Risks to U.S. economy still to the downside
WASHINGTON (Reuters) - The U.S. Federal Reserve has interest rates at the appropriate level for the U.S. economy but risks to the economic outlook are still tilted downwards, New York Federal Reserve President John Williams said on Tuesday.
China cuts new benchmark lending rate to lower costs, shore up economy
SHANGHAI (Reuters) - China cut its new benchmark lending rate on Wednesday, as widely expected, moving to drive down funding costs and shore up an economy hurt by slowing demand and trade tariffs.