BEIJING – A trade and investment package announced during President Donald Trump’s visit to China is more about the art of diplomacy than the art of the deal. Continue Reading Below The package, said to be worth more than $250 billion, puts a symbolic gloss on fundamentally strained economic relations […]
FOX Business News
The gaping US trade gap: A sign of weakness? Not necessarily
WASHINGTON – President Donald Trump ripped into one of his favorite targets Thursday in Beijing: The United States’ “shockingly” large trade deficit with China. Continue Reading Below “I blame past administrations,” Trump declared, “for allowing this out-of-control deficit to take place and grow.” America’s lopsided trade relationship with China and […]
Trump sets out strong trade message at Asia-Pacific meeting
U.S. President Donald Trump set out a strong message on trade at a meeting of Asia-Pacific countries in Vietnam on Friday, saying the United States could no longer tolerate chronic trade abuses and would insist on fair and equal trade policies. Continue Reading Below Trump said the United States was […]
Most Asian shares track Wall Street losses on US tax fears
HONG KONG – Most Asian stock markets fell Friday after Wall Street fell from record highs on uncertainty over President Donald Trump’s tax revamp but news that Beijing will ease curbs on foreign access to some sectors buoyed Chinese shares. Continue Reading Below KEEPING SCORE: Japan’s benchmark Nikkei 225 index […]
China to ease curbs on foreign business in finance, autos
BEIJING – China will ease restrictions on foreign ownership stakes in the financial sector and reduce tariffs on automotive imports, a senior Chinese official said Friday, following criticism from the country’s trading partners. Continue Reading Below Vice Finance Minister Zhu Guangyao said at a briefing following a state visit to […]
The Latest: White House hails ‘important step’ on tax bill
WASHINGTON – The Latest on Republican tax overhaul legislation (all times local): Continue Reading Below 4:10 p.m. The White House is praising the House Ways and Means Committee for approving the Republican Party’s tax cut package. Press secretary Sarah Sanders calls Thursday’s party-line vote an “important step toward providing historic […]
7 Metrics Behind Roku Inc.’s Soaring Stock Price
It’s fair to say that expectations were high ahead of Roku‘s (NASDAQ: ROKU) first reporting period as a publicly traded company. Shares were trading at $19 in the trading day before it reported its third-quarter results — up 36% from Roku’s $14 price in its initial public offering. Analysts were […]
Highlights of House, Senate GOP plans to overhaul tax code
WASHINGTON – A comparison of a Republican-written tax bill approved Thursday by the House Ways and Means Committee and another being proposed by GOP members of the Senate Finance Committee: Continue Reading Below —Personal income tax rates: House condenses current seven brackets to four: 12, 25, 35 and 39.6 percent. […]
Amazon’s Next Big Target: The Telecom Industry?
At the end of October Amazon (NASDAQ: AMZN) Web Services and Nokia (NYSE: NOK) announced a partnership that flew under the radar for a lot of investors but could be very consequential for both companies’ future in both 5G and the Internet of Things. Continue Reading Below The partnership will marry […]
China, US sign more business deals during Trump visit
BEIJING – China have signed a series of multibillion-dollar business agreements during President Donald Trump’s visit in a tradition aimed at blunting criticism of Beijing’s trade policies. Continue Reading Below Commerce Minister Zhong Shan said agreements signed Thursday at a ceremony attended by Trump and his Chinese counterpart, Xi Jinping, […]