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U.S. and Chinese trade deputies were set to resume face-to-face trade talks on Thursday after the two of the world’s largest economies attempted to bridge deep policy differences and find a way out of a bitter and already-prolonged trade war.
The negotiations scheduled for Thursday and Friday aim to lay groundwork for high-level talks in early October that will determine whether the two countries would work towards a solution or would head for new and higher tariffs on each other’s exports.
According to sources with knowledge over the talks, the discussion were likely to lean towards agriculture, including demands that China increase purchase of soybeans and other farms shipped out from America.
U.S. President Donald Trump is eager to provide export opportunities for U.S. farmers, one of his key constituencies who have been heavily impacted by China’s retaliatory tariffs on U.S. soybeans and other agricultural commodities.
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...
Bloomberg News reported on Thursday that Elon Musk’s Space Exploration Technologies Corp. (SpaceX) is in talks to raise new funds at a valuation of $44 billion. The aerospace company said that it is in discussions with a number of investors ...
On Friday, Axios Media Inc. reported a document acquired by tech watchdog group Tech Transparency Project which indicates that multiple U.S. states were investigating Apple (AAPL) due to deceptive trade practices. According to the report, ...
On Monday, U.S. international banking giant Goldman Sachs (G.S.) said that it would resume negotiations with the Malaysian government this week to hammer out a multi-billion dollar financial settlement lost in a scandal at sovereign fund 1Malaysian ...
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