China’s Commerce Minister Wang Wentao, on October 16, blamed the recent escalation in trade tensions with the US on American actions following the latest round of bilateral talks in Madrid in September. “The recent fluctuations in China-US economic and trade relations are mainly due to the US’s intensive introduction of a series of restrictive measures…
US stock futures rose slightly early Thursday as investors weighed promising corporate earnings against concerns about an escalating US-China trade war. Dow Jones Industrial Average futures (YM=F) nudged up 0.1%, while those on the S&P 500 (ES=F) put on roughly 0.2%. Contracts on the tech-heavy Nasdaq 100 (NQ=F) moved up 0.3%, on the heels of…
By Scott DiSavino NEW YORK (Reuters) -Oil prices eased on Wednesday to a five-month low on escalating U.S.-China trade tensions and the International Energy Agency’s prediction of a supply surplus in 2026. Brent crude futures fell 48 cents, or 0.8%, to settle at $61.91 a barrel. U.S. West Texas Intermediate (WTI) futures fell 43 cents,…
By Stephanie Kelly LONDON (Reuters) -Oil prices edged lower on Wednesday, as investors weighed the International Energy Agency’s prediction of a supply surplus in 2026 and trade tensions between the United States and China that could curtail demand. Brent crude futures fell 21 cents, or 0.3%, to $62.18 a barrel by 0854 GMT, while U.S….
By Sam Li and Jeslyn Lerh (Reuters) -Oil prices fell in early trade on Wednesday, extending losses from the previous session, as investors weighed the International Energy Agency’s warning of a supply surplus in 2026 and U.S.-China trade tensions that could hurt demand. Brent crude futures fell 12 cents, or 0.19%, to $62.27 a barrel…
By Stephen Culp NEW YORK (Reuters) -Wall Street stocks were mixed on Tuesday and Treasury yields dipped as investors weighed upbeat economic sentiment from the International Monetary Fund and Federal Reserve Chair Jerome Powell against revived U.S.-China trade tensions. The S&P 500 and the Dow rebounded after all three major U.S. stock indexes opened sharply…
By Stephen Culp NEW YORK (Reuters) -Wall Street stocks turned sharply lower on Tuesday and Treasury yields dipped as revived trade tensions between Washington and Beijing and the prolonged U.S. government shutdown doused investor risk appetite. All three major U.S. stock indexes veered deep into negative territory in early trading, with megacap momentum stocks pulling…
China has hit back at the United States by sanctioning the US units of a South Korean shipping company and promising retaliatory measures on the industry in the latest tit-for-tat move as both Beijing and Washington attempt to gain leverage ahead of trade talks. The sanctions target five US units of Hanwha Ocean Co. (042660.KS),…
Beijing and Washington conducted working-level talks on Monday despite a renewed escalation in trade tensions, China’s Ministry of Commerce has said, urging the US to “show sincerity for dialogue”. “The US cannot engage in dialogue while intimidating and threatening to impose new restrictions. This is not the right way to deal with China,” the ministry…
The mouthpiece of China’s ruling Communist Party has urged the nation to break through technological “choke points” and avoid becoming “subordinate to other nations” in a series spotlighting the country’s achievements in hi-tech industries. The series of editorials comes as Beijing prepares to outline its next five-year plan and amid a renewed escalation in trade…