U.S.-China trade war may cut global growth by half a point next year: Le Maire

LUXEMBOURG (Reuters) – The trade war between the United States and China could cut global growth by 0.5 points next year, French Finance Minister Bruno Le Maire said on Wednesday. FILE PHOTO: French Finance Minister Bruno Le Maire attends a joint news conference after a meeting in Paris, France, September 19, 2019. REUTERS/Gonzalo Fuentes Speaking […]

California wildfire risk prompts planned mass cutoff of PG&E power

LOS ANGELES (Reuters) – Nearly 800,000 California homes and businesses can expect to lose electricity for up to several days from Wednesday, in a planned PG&E power shutdown of unprecedented scale due to heightened wildfire risks from high winds, the utility said. FILE PHOTO: PG&E works on power lines to repair damage caused by the […]

Wall Street drops as tensions climb ahead of trade talks

(Reuters) – U.S. stocks fell on Tuesday as hopes of progress in high-level trade talks were dashed by a report Washington was moving ahead with efforts to limit capital flows to China and the inclusion of some top Chinese startups to a blacklist. FILE PHOTO: Traders work on the floor at the New York Stock […]

China Vice Premier Liu will travel to U.S. for trade talks on October 10-11

FILE PHOTO: China’s Vice Premier Liu He exits the office of the U.S. Trade Representative following a morning round of negotiations on the second day of last ditch trade talks in Washington, U.S., May 10, 2019. REUTERS/Leah Millis SHANGHAI (Reuters) – Chinese Vice Premier Liu He and top trade negotiator will be traveling to Washington […]

U.S.-China deputy-level trade talks get underway in tense atmosphere

WASHINGTON (Reuters) – U.S. and Chinese deputy trade negotiators launched a new round of talks on Monday aimed at resolving the two nations’ 15-month trade war, with neither side showing any signs of giving ground. FILE PHOTO: Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks […]