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US-China trade problems are ‘only temporary’: Chinese executive

Joe Mcdermott Jan 22, 2019 0
A senior executive at Chinese state-owned company CRRC Group said he was optimistic about Beijing and Washingtonfinding a way to permanently resolve their ongoing trade dispute. For its part, the U.S. has already put tariffs on $250…

Indonesia has benefited from the US-China trade war, minister says

Joe Mcdermott Jan 22, 2019 0
The ongoing trade war between the U.S. and China has opened up new opportunities for Indonesia, the Southeast Asian nation’s minister of industry said Tuesday. Indonesia is the largest economy in Southeast Asia, the region tipped…

Measles outbreaks make 2018 a near-record year for US

Joe Mcdermott Jan 22, 2019 0
Health officials in one county in Washington have declared a public health emergency because of an outbreak of measles that has infected 22 people so far. An outbreak among Orthodox Jews has led to 177 cases in New York, helping make 2018…

‘Fallen angels’ are posing the biggest threat to the bond market this year

Joe Mcdermott Jan 22, 2019 0
The riskiest part of the corporate bond market is off to a strong start in 2019. Investors, however, might not want to get too comfortable. Instead, this could well be the year that "fallen angels," or former investment-grade debt that…

US cancels trade planning meeting with China, source says

Joe Mcdermott Jan 22, 2019 0
The White House rejected a trade planning meeting with Chinese counterparts this week due to outstanding disagreements between the two sides over the enforcement of intellectual property rules. Officials from the U.S. trade…

Cuban minister warns the White House on allowing courts to fight over the country’s property

Joe Mcdermott Jan 22, 2019 0
A Cuban government minister warned the U.S. State Department that plans to allow legal action over property in the country would create a big mess for both Cuba and the United States. The White House has moved toward allowing thousands of…

The trade war is the biggest challenge — not low interest rates, bank CEO says

Joe Mcdermott Jan 22, 2019 0
The trade war between the U.S. and China is the biggest concern for one of Italy's top banks — not the current environment of low interest rates in the euro zone. When asked about the low rate environment in the region, Intesa Sanpaolo CEO…

The unusually large drop in home sales has real estate agents baffled

Joe Mcdermott Jan 22, 2019 0
Real estate brokers are trying to figure out why sales of existing homes plunged in December. The 4.6 percent monthly move was unusually large, regardless of direction. (https://www.keithmcquirter.com/) The tally from the National…

Saudi Arabia promises full support for Lebanon after Qatar offers aid package

Joe Mcdermott Jan 22, 2019 0
Saudi Arabiais prepared to do all it can to prop up Lebanon’s ailing economy, the country’s finance minister told CNBC, but stopped short of providing any specific details. His comments come less than 24 hours after Qatar…

President Macron has been courageous, but we have to transform France, Publicis’ chair says

Joe Mcdermott Jan 22, 2019 0
A French businessman told CNBC Tuesday that while President Emmanuel Macron’s reforms are courageous, the pace of these reforms may need to slow down to transform the country. Speaking to CNBC at the World Economic Forum(WEF) in…
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