 | | | | China's retaliatory tariffs on U.S. soybeans, threatened for weeks and enacted Friday, have driven down prices and triggered a wave of bargain shopping by importers in other countries stocking up on cheap U.S. supplies, according to a Reuters analysis of government data. | | | | | | Not long ago the Federal Reserve expected to quietly shed nearly half of its $4.5-trillion portfolio by around 2022, leaving little trace of the extraordinary steps it took to face down the financial crisis. But an unexpected market kink could force the Fed to scrap the plan two or three years early and permanently leave it holding $1 trillion more than it wanted. | | | | | | A decade on big U.S. banks are still running down and selling off crisis-era mortgages, a process executives point to as weighing on loan growth. | | | | | | China on Thursday said foreign firms operating in China would suffer in a trade war, urging U.S. companies to lobby their government to protect their interests, and said no talks to end the impasse were currently under way. | | | | | | The United States has started a trade war and China will defend itself, Chinese Vice Minister of Commerce Wang Shouwen said on Thursday, urging the United States to "take the gun" of tariffs away to smooth the way for talks. | | | | | | U.S. House Speaker Paul Ryan said on Thursday that while he does not support President Donald Trump's moves to impose tariffs on major U.S. trading partners' goods, he questioned the wisdom of Congress taking legislative action to stop such sanctions. | | | | | | U.S. stocks climbed on Thursday as top technology names hit record highs and industrials rebounded, offsetting worries about a U.S.-China trade war. | | | | | | Britain's government is nearing a decision to buy four to six surveillance planes built by U.S. aerospace giant Boeing , sources familiar with the plans said on Thursday - a move that could stir a growing debate over UK and European defence jobs. | | | | | | Republican and Democratic U.S. senators said on Thursday they want the government to reinstate penalties on ZTE Corp, despite a Trump administration agreement paving the way for an end of a ban on the Chinese telecommunications company. | | | | | | Intel Corp said on Thursday that it plans to acquire eASIC, a small chipmaker that will help further Intel's efforts to diversify away from CPU chips. | | | | | | Exxon Mobil said on Thursday it ended its association with the American Legislative Exchange Council, a conservative political group that several other prominent U.S. corporations have left in recent years. | | | | | |
