The Federal Reserve reduced interest rates for the first time since the financial crisis in a move that Chairman Jerome Powell said was designed to ensure against downside risks rather than signaling the start of a lengthy cycle of monetary policy easing.
July 31, 2019Latest News Updates From Bloomberg News
Tariffs or No Tariffs, US Corn May Be Too Expensive for China
With or without retaliatory tariffs, Chinese companies probably will show little interest in buying U.S. corn because the jump in Chicago benchmark futures since May has wiped out the price advantage over domestic supplies, according to Yigu Info Consulting Ltd.
July 31, 2019Trade Group Targets Federal E-Commerce Bid It Says Favors Amazon
A trade association representing wholesale distributors is pressuring lawmakers not to approve increased government spending on a highly lucrative e-commerce contract the group says favors Amazon.com.
July 31, 2019Musks Tweets About Tesla Production Raise Questions on SEC Accord
Elon Musk tweeted a Tesla Inc. production number that the company hadnt communicated previously, presenting the first test case of whether his April settlement with securities regulators has made him more disciplined on social media.
July 30, 2019US-China Talks Set to Resume as Neither Seems Eager for Deal
Almost three months after their trade talks broke down in acrimony, Chinese and American negotiators meet again in Shanghai this week amid tempered expectations for breakthroughs in their yearlong trade war.
July 29, 2019China Allows Some Tariff-Free US Cotton, Pork Purchases
The Chinese government has approved several domestic companies to buy U.S. cotton, corn, sorghum and pork without being subject to hefty retaliatory tariffs, according to people familiar with the situation.
July 26, 2019China Rejects FedExs Defense for Rerouted Huawei Packages
China rebuffed FedEx Corp.s claims that it mistakenly rerouted some Huawei Technologies Co. packages to the U.S. and warned that authorities found other violations by the American delivery firm, raising concern the company could face repercussions from Beijing.
July 26, 2019China Approves Tariff-Free US Soybean Purchases
The Chinese government has given the go-ahead for five companies to buy up to 3 million tons of U.S. soybeans free of retaliatory import tariffs as trade negotiations between the two nations continue, according to people familiar with the situation.
July 24, 2019Millions of Barrels of Iran Oil Are Sitting in Chinas Ports
Tankers are offloading millions of barrels of Iranian oil into storage tanks at Chinese ports, creating a hoard of crude sitting on the doorstep of the worlds biggest buyer.
July 22, 2019China Considers Plan to Boost Purchases of US Soybeans
The Chinese government is in discussions with state and privately owned soybean buyers over a plan to raise purchases of U.S. supplies, according to people familiar with the situation.
July 22, 2019Trending
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