No easy options for China as trade war, U.S. pressure bite

No easy options for China as trade war, U.S. pressure bite
BEIJING (Reuters) – China is running out of options to hit back at the United States without hurting its own interests, as Washington intensifies pressure on Beijing to correct trade imbalances in a challenge to China’s state-led economic model. FILE PHOTO: People visit U.S. food booths at SIAL food innovation exhibition, in Shanghai, China, May 14, 2019. REUTERS/Aly Song China... Read More

Cash-rich Canadian oil firms favor buybacks as other options narrow

Cash-rich Canadian oil firms favor buybacks as other options narrow
CALGARY, Alberta/WINNIPEG, Manitoba (Reuters) – Canadian oil producers are raking in the highest revenues in five years thanks to strong global oil prices and Alberta’s production cuts, but government intervention has hamstrung their spending abilities, encouraging many to buy back shares and pay down debt. FILE PHOTO: An oil pump jack pumps oil in a field near Calgary, Alberta, Canada,... Read More

Apple revamps its TV app ahead of streaming service launch

Apple revamps its TV app ahead of streaming service launch
(Reuters) – Apple Inc on Monday rolled out a new television-watching app for its devices and some Internet-connected TVs, an effort to gain more revenue from reselling other companies’ programming and, later this year, its own original shows. FILE PHOTO: Apple TV is pictured at an Apple Store in Los Angeles, California October 30, 2015. REUTERS/Jonathan Alcorn The redesigned Apple... Read More

South Korea’s latest big export: Jobless college graduates

South Korea’s latest big export: Jobless college graduates
SEOUL (Reuters) – Cho Min-kyong boasts an engineering degree from one of South Korea’s top universities, a school design award and a near-perfect score in her English proficiency test. Jobseekers look at recruitment advertisements during the 2018 Japan Job Fair in Seoul, South Korea, November 7, 2018. Picture taken on November 7, 2018. REUTERS/Kim Hong-Ji But she had all but... Read More

Trump ratchets up tariff threat after talks show no progress

Trump ratchets up tariff threat after talks show no progress
WASHINGTON (Reuters) – U.S. President Donald Trump on Friday ordered his trade chief to begin the process of imposing tariffs on all remaining imports from China, underscoring a lack of progress by U.S. and Chinese negotiators in talks aimed at ending an escalating trade war. Trump’s move would subject about $300 billion worth of Chinese imports to punitive tariffs, U.S.... Read More

Trump says talks with China to continue as trade war escalates

Trump says talks with China to continue as trade war escalates
WASHINGTON (Reuters) – U.S. President Donald Trump said on Friday that trade talks with China would continue even after Washington moved to hike tariffs on Chinese goods, avoiding the worst-case scenario of a complete breakdown in negotiations between the world’s two largest economies. Trump’s remarks, which were made in a tweet, followed the end of talks in Washington between U.S.... Read More

Trump says no rush to reach deal with China as trade war escalates

Trump says no rush to reach deal with China as trade war escalates
WASHINGTON (Reuters) – U.S. President Donald Trump on Friday said he was in no hurry to sign a trade deal with China as Washington imposed a new set of tariffs on Chinese goods and negotiators ended two days of talks to try to salvage an agreement. The United States early on Friday increased its tariffs on $200 billion in Chinese... Read More

Trump says no hurry to sign deal with China as trade war escalates

Trump says no hurry to sign deal with China as trade war escalates
WASHINGTON/BEIJING (Reuters) – U.S. President Donald Trump on Friday said he was in no hurry to sign a trade deal with China as Washington imposed a new set of tariffs on Chinese goods and negotiators began a second day of last-ditch talks to try to salvage an agreement. The United States early on Friday increased its tariffs on $200 billion... Read More

Trump says no hurry to sign China deal as trade war escalates

Trump says no hurry to sign China deal as trade war escalates
WASHINGTON/BEIJING (Reuters) – U.S. President Donald Trump on Friday said he was in no hurry to sign a trade deal with China as Washington imposed a new set of tariffs on Chinese goods and negotiators entered a second day of last-ditch talks to try to salvage an agreement. The United States early on Friday increased its tariffs on $200 billion... Read More