Business

DOHA (Reuters) – U.S. Treasury Secretary Steven Mnuchin said on Saturday a “phase one” trade deal between the United States and China was “very good” for global economic growth, and added that the second phase could come in several steps. FILE PHOTO: U.S. Treasury Secretary Steve Mnuchin speaks about sanctions against Turkey at a news

WASHINGTON/BEIJING (Reuters) – The United States and China cooled their trade war on Friday, announcing a “Phase one” agreement that reduces some U.S. tariffs in exchange for increased Chinese purchases of American farm products and other goods. Beijing has agreed to buy $32 billion in additional agricultural goods over the next two years, U.S. officials

LONDON (Reuters) – Oil rose to its highest in nearly three months on Friday as progress in resolving the U.S.-China trade dispute and Britain’s general election result appeared to lift two clouds that have been hanging over investor risk appetite. FILE PHOTO: Oil pump jacks work at sunset near Midland, Texas, U.S., August 21, 2019.

SYDNEY/HONG KONG (Reuters) – Citigroup (C.N) and Credit Suisse (CSGN.S) have dropped out of the U.S. initial public offering (IPO) of Chinese shared workspace provider Ucommune, baulking at its desired valuation, two people with direct knowledge of the matter said. FILE PHOTO: A room is seen at UCommune coworking space in Shanghai, China March 7,

RIYADH/DUBAI (Reuters) – Saudi Aramco (2222.SE) hit the $2 trillion target sought by Saudi leader Crown Prince Mohammed bin Salman on Thursday as its shares clocked up a second day of gains, defying some scepticism about the state-owned oil firm’s long-term value. Amin H. Nasser, President and CEO of Aramco, attends the official ceremony marking

WASHINGTON/SEATTLE (Reuters) – The U.S. Federal Aviation Administration said on Wednesday it was investigating production issues at Boeing Co’s 737 MAX factory after an ex-manager warned that schedule pressure and worker fatigue were raising safety risks. The manager, Ed Pierson, drew a link between faulty Angle of Attack sensors in two recent 737 MAX crashes

EAST LONGMEADOW, Mass. (Reuters) – The U.S.-China trade war is creating something William Gagnon once thought impossible – a 100% American-made bathroom hand dryer. Excel Dryer vice president of marketing and key accounts, Bill Gagnon, works at the factory in East Longmeadow, Massachusetts, U.S., October 25, 2019. REUTERS/Tim Aeppel Gagnon’s family-owned company, Excel Dryer Inc,

NEW YORK (Reuters) – Exxon Mobil Corp won a major victory in a closely-watched lawsuit on Tuesday when a judge ruled that the company did not defraud investors out of up to $1.6 billion by hiding the true cost of climate change regulation. FILE PHOTO: A logo of Exxon Mobil Corp is seen at the

FILE PHOTO: A sign for BlackRock Inc hangs above their building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson/File Photo LONDON (Reuters) – BlackRock Investment Institute said on Tuesday it was cautiously rotating into cyclical assets, Japanese equities and emerging markets. “We are modestly positive on risk assets,” said Scott Thiel, chief fixed income

WASHINGTON (Reuters) – A former Boeing Co (BA.N) employee who warned of problems with 737 production will testify on Wednesday at a U.S. House hearing on the Federal Aviation Administration review of the grounded 737 MAX. FILE PHOTO: Aerial photos showing Boeing 737 Max airplanes parked at Boeing Field in Seattle, Washington, U.S. October 20,

WASHINGTON (Reuters) – U.S. state attorneys general, led by New York and California, deliver opening arguments Monday in a bid to stop T-Mobile U.S. from buying Sprint Corp in a trial that highlights disagreements between federal antitrust enforcers, who are Republican, and Democrats in powerful states. FILE PHOTO: A T-Mobile store is pictured in the

FILE PHOTO: Mexico’s Foreign Minister Marcelo Ebrard speaks during the daily news conference at National Palace in Mexico City, Mexico November 12, 2019. REUTERS/Carlos Jasso/File Photo MEXICO CITY (Reuters) – Mexican Foreign Minister Marcelo Ebrard said on Sunday that Mexico would accept a U.S. proposal regulating steel in the United States-Mexico-Canada Agreement, but only if

FILE PHOTO: A worker makes final checks on an e-Golf electric car at the new production line of the Transparent Factory of German carmaker Volkswagen in Dresden, Germany, March 30, 2017. REUTERS/Fabrizio Bensch/File Photo BERLIN (Reuters) – Volkswagen’s (VOWG_p.DE) German plants need to boost efficiency to match overseas operations, production chief Andreas Tostmann was quoted

FILE PHOTO: Jeff Bezos, founder of Amazon and Blue Origin speaks during the JFK Space Summit, celebrating the 50th anniversary of the moon landing, at the John F. Kennedy Library in Boston, Massachusetts, U.S., June 19, 2019. REUTERS/Katherine Taylor/File Photo SIMI VALLEY, Calif. (Reuters) – Amazon.com Inc founder Jeff Bezos said it would support the

WASHINGTON (Reuters) – Swedish mobile telecoms company Ericsson has agreed to pay over $1 billion to resolve probes into corruption, including the bribing of government officials, the U.S. Department of Justice said on Friday. FILE PHOTO: An Ericsson logo is pictured at Mobile World Congress (MWC) in Shanghai, China June 28, 2019. REUTERS/Aly Song The

FILE PHOTO: An Ericsson logo is pictured at Mobile World Congress (MWC) in Shanghai, China June 28, 2019. REUTERS/Aly Song WASHINGTON (Reuters) – Mobile telecoms gear maker Ericsson has agreed to pay over $1 billion to resolve a foreign corruption probe, the U.S. Department of Justice said in a statement on Friday. Ericsson has entered