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The US and EU seem to be on completely different pages...

Win McNamee/Getty Images The US and EU are expected to start negotiating a trade deal. But with contrasting priorities on each side, experts doubt a compromise will be forged anytime soon. A Commerce Department report on the Trump administration's proposed car tariffs is due this month, which could make or break the start of talks. …

US stocks set to slide as charges against Huawei ignite fears...

The Huawei charges are not helping markets. Reuters / Lucas Jackson The US Justice Department charged Chinese tech giant Huawei with bank fraud and conspiring to steal trade secrets, and it's is not helping market sentiment. Asian markets closed with slight declines, European stocks were mixed and US futures are set to open lower. "The…

Australian couple on luxury yachting holiday ‘secretly involved’ in drugs trade,...

By Lice Movono Updated January 28, 2019 15:41:58 Former Australian horse trainer John Nikolic and his wife Yvette were "secretly involved in the wicked, international drugs trade," the High Court in Suva has heard. Key points:John and Yvette Nikolic sailed from USA to Colombia and were arrested in Fiji in JuneFiji police found cocaine, other…

Myanmar cracking down on opium, but conflicts fuel drug trade

The amount of land being used to grow opium poppies continues to decline in Myanmar, but ongoing conflicts are hampering efforts to stamp out the trade at a time when the illicit drug economy is becoming increasingly diverse, according to a new UN report. Some 37,300 hectares of land in the country was under poppy…

The global market rebound continues as US-China trade talks enter their...

Reuters/Jeenah Moon Global stock markets continue to rise as trade talks between US and China move into a second day.In the first hour of trading in Europe, all major stock indexes are higher, with gains of between 0.5% and 0.9% across the board.Futures in the US point to a gain of around 0.5% for all…

China says US warship in the South China Sea is a...

Updated January 07, 2019 21:36:36 A US guided-missile destroyer sailed near disputed islands in the South China Sea in what China has called a "provocation", as US officials joined talks in Beijing during a truce in a bitter trade war. Key points:China claims much of the strategic South China Sea despite six other nations' disputesChina…

China and US begin new round of trade negotiations

Delegates from China and the United States are set to hold face-to-face negotiations in Beijing aimed at easing a bitter trade war between the world's two largest economies. The two-day talks, due to start on Monday, come after Chinese President Xi Jinping and his US counterpart, Donald Trump, in December agreed to a truce in…

Stocks soar after a trifecta of good news about jobs, the...

AP/Richard Drew Stocks were soaring Friday after the release of a strong US jobs report. US equities extended their gains after Federal Reserve Chairman Jerome Powell indicated the central bank would pay attention to the market's concerns. Earlier Friday, the US and China announced they would meet Monday in Beijing to work toward a trade…

Trump is failing to achieve one of the biggest goals of...

One of the President Donald Trump's biggest goals for the trade war was to reduce the US's trade deficit with China. But according to Goldman Sachs, the president is only making it worse. The most recent trade report from the US Census Bureau showed that the US's trade deficit with China once again hit a…

Short seller Jim Chanos just revealed how he’s playing Trump’s trade...

AP/Kin Cheung Short seller Jim Chanos told CNBC on Thursday that he is betting against the US casino giants that rely heavily on their presence in Macau. Shares of Wynn Resorts, MGM Resorts, and Las Vegas Sands all fell. The three casino giants account for half the gaming revenue in Macau, and need Beijing and…
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