• Stocks grind higher as investors cling to trade truce hopes

    11 days ago - By Reuters

    Stocks gained on Wednesday as investors clung to hopes that the United States and China could yet agree some sort of trade deal, while the prospect of a last-minute Brexit agreement between the European Union and Britain seemed as remote as ever.
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  • Stocks are rallying on a report that China is offering to buy more American agricultural goods to ease the trade war

    Stocks are rallying on a report that China is offering to buy more American agricultural goods to ease the trade war

    11 days ago - By Business Insider

    US stocks are set to rally after people briefed on the matter told the Financial Times that China is offering to import more agricultural goods from the US.
    The paper said that officials were offering to import an extra 10 million tonnes of soybeans as well as other goods.
    Chinese officials are set to meet their US counterparts on Thursday, in the hope of a partial trade deal being reached.
    Tensions have flared this week, after Mike Pompeo criticized China over its treatment of Uighur Muslims on Twitter, while the NBA has also been in hot water after the Houston Rockets boss tweeted his...
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  • Trump needs ongoing drama to finally cut deal with China & portray it as a great victory, Prof. Wolff tells Boom Bust

    Trump needs ongoing drama to finally cut deal with China & portray it as a great victory, Prof. Wolff tells Boom Bust

    11 days ago - By RT

    Ahead of high-level US-China trade talks on Thursday, Washington added China's top artificial intelligence startups to its blacklist, citing Beijing's alleged mistreatment of Muslim minorities.
    It's a “crazy thing to do” while going into negotiations, says Professor Richard Wolff. He tells RT's Boom Bust that it “basically destroys the whole chance of working something out,” adding that “the Chinese have never bent to this.”
    Wolff continues: “So why do it? The answer is: it's about domestic American politics.”
    The US economist explains that “Trump, in deepening economic and political...
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  • Beijing ready to discuss partial trade deal with Washington & increase agricultural purchases - reports

    Beijing ready to discuss partial trade deal with Washington & increase agricultural purchases - reports

    11 days ago - By RT

    With trade talks between the world's two largest economies, the US and China, about to begin on Thursday, media reports suggest that Beijing is ready to negotiate a partial trade deal.
    A possible agreement may be discussed so long as no more tariffs are imposed by the Trump administration (including planned levies due this month and in December), according to Bloomberg. Citing an official with direct knowledge of the negotiations, it reports that Beijing would offer non-core concessions, such as purchases of agricultural products, in return, but would not budge on major sticking points...
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  • Futures climb as U.S.-China tensions ease

    11 days ago - By Reuters

    U.S. stock index futures jumped on Wednesday after latest media reports eased concerns over escalating tensions between the United States and China ahead of high-level trade talks starting Thursday.
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  • Oil steadies as U.S.-China tensions offset supply concern

    11 days ago - By Reuters

    Oil prices traded flat on Wednesday as fading hopes for progress in U.S.-China trade talks pressured the market by raising uncertainty about global economic growth, while unrest in OPEC members Iraq and Ecuador helped limit losses.
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  • Global stocks struggle as hopes fade for trade and Brexit deals

    11 days ago - By Reuters

    European stocks steadied on Wednesday, but sentiment remained fragile as negotiations for a Brexit withdrawal deal seemed all but dead and the U.S.-China trade dispute triggered another round of selling.
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  • Hopes are dim as US and China resume high-stakes trade talks

    11 days ago - By Chron

    WASHINGTON - President Donald Trump and China's Xi Jinping have plenty of reasons to call off their trade war.
    Both face weakening economies that would likely further deteriorate if their conflict escalates.
    Both are up against a formidable adversary that shows no inclination to yield.
    Both are tangled in political turmoil - Trump with impeachment proceedings, Xi with angry protests in Hong Kong.
    Both, in short, would welcome some good news.
    Yet the 13th round of U.S.-China trade negotiations, set to begin Thursday in Washington, is unlikely to prove any more successful than the previous...
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