Tech stocks lift Wall Street as reports brighten hopes of trade deal

(Reuters) – Wall Street rose for the first time in three sessions on Wednesday with technology stocks providing a boost, as a report that China was open to a partial trade deal soothed investor nerves ahead of high-level talks on Thursday. FILE PHOTO: Traders work on the floor at the Continue Reading

China, U.S. had ‘constructive’ trade talks in Washington: Xinhua

FILE PHOTO: Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019. REUTERS/Aly Song/File Photo/File Photo BEIJING (Reuters) – China and the United States had “constructive” discussions on trade in Washington, state news agency Xinhua said Continue Reading

China’s factory activity shrinks for fourth month as trade woes deepen

BEIJING (Reuters) – Factory activity in China shrank in August for the fourth month in a row as the United States ramped up trade pressure and domestic demand remained sluggish, pointing to a further slowdown in the world’s second-largest economy. FILE PHOTO: A worker welds automobile parts at a workshop Continue Reading

China says U.S., China should make compromises in trade talks

BEIJING (Reuters) – China and the United States should be willing to make compromises in trade talks and not insist only on what each side wants, Chinese Vice Commerce Minister Wang Shouwen said on Monday. FILE PHOTO: Chinese Vice Commerce Minister and Deputy China International Trade Representative Wang Shouwen attends Continue Reading

G20 finance chiefs cite ‘intensified’ trade row, but don’t call for its resolution

FUKUOKA, Japan (Reuters) – Group of 20 finance leaders said on Sunday that trade and geopolitical tensions have “intensified”, raising risks to improving global growth, but they stopped short of calling for a resolution of a deepening U.S.-China trade conflict. Christine Lagarde, managing director of the International Monetary Fund (IMF), Continue Reading

Hard for Xi, Trump to make progress on trade: former China central bank chief

BEIJING (Reuters) – China’s President Xi Jinping and U.S. President Donald Trump are likely to find it “difficult” to make major progress toward ending their countries’ trade war when they meet at a G20 summit in Japan in June, a former top Chinese official said on Friday. Containers are seen Continue Reading

Trump administration announces $16 billion farm aid plan to offset trade war losses

WASHINGTON (Reuters) – The Trump administration on Thursday unveiled a $16 billion farm aid package to offset losses from a 10-month trade war with China and said payment rates to farmers would be determined by where they farm rather than what crops they grow. The package, the bulk of which Continue Reading

Exclusive: U.S. may scale back Huawei trade restrictions to help existing customers

(Corrects title in 17th paragraph of this May 17 story to say “Chief Financial Officer” Meng Wanzhou, not “Chief Executive Officer”.) By Karen Freifeld (Reuters) – The U.S. Commerce Department said on Friday it may soon scale back restrictions on Huawei Technologies after this week’s blacklisting would have made it Continue Reading