Government Business And Finance

US challenges China, EU and others at WTO over steel tariffs

Jul 16, 2018

US brings WTO cases against China, EU and others in dispute over American steel tariffs

Markets Right Now: Stocks end mostly lower on Wall Street

Jul 16, 2018

Stocks are closing mostly lower on Wall Street as a steep drop in oil prices delivered a blow to energy companies.

US: Sanction exemptions open to those reducing Iran imports

Jul 16, 2018

US officials say some businesses that continue to import Iranian oil after the re-imposition of sanctions on Tehran could avoid penalties by making "significant reductions"

Heading for clouds: Aviation sector faces trade turbulence

Jul 16, 2018

Aircraft makers at the Farnborough International Airshow say thousands of jobs are at risk in this most international of industries as U.S. President Donald Trump raises tariffs and other countries retaliate.

Bank of America 2Q profits boosted by tax law, higher rates

Jul 16, 2018

Bank of America 2Q profits jump 33 percent, helped by lower tax bill and higher interest rates

US retail sales rise at a healthy 0.5 percent pace in June

Jul 16, 2018

US retail sales rose at a healthy 0.5 percent pace in June as optimistic Americans spend more

Survey of economists: US sales and employment likely to grow

Jul 16, 2018

Survey of economists: US sales, employment and wages will likely grow over next 3 months

China files WTO challenge to US $200B tariff plan

Jul 16, 2018

China files WTO case challenging Trump plan to raise tariffs on Chinese goods worth $200 billion

Financial forum: Virtual currencies need close monitoring

Jul 16, 2018

An international forum on financial regulation say virtual currencies such as Bitcoin do not now pose a threat to global stability but cautions that "vigilant monitoring" is needed in light of a rapidly changing market

EU official urges Trump, Putin not to destroy global order

Jul 16, 2018

EU's Tusk urges Trump, Putin, China to unite in avoiding trade wars, preventing 'conflict and chaos'

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