Saturday, August 3rd, 2019

 

Trump confirms agreement with EU on US beef exports

WASHINGTON, Aug 3 — President Donald Trump yesterday announced an agreement with Brussels on trade in American beef, long blocked from EU markets over concerns about use of hormones. “American beef is considered the best in the world,” Trump…


Trump says auto tariffs never off the table in EU trade talks

WASHINGTON, Aug 3 — President Donald Trump yesterday blasted the European Union for its use of trade barriers and revived his threat to impose US tariffs on European automobiles if he does not see progress in stalled negotiations between the…


EU settles on World Bank’s Georgieva to lead IMF

BRUSSELS, Aug 3 — European Union governments picked Bulgaria’s Kristalina Georgieva as the bloc’s candidate to lead the International Monetary Fund after more than 12 hours of talks yesterday that highlighted the EU’s internal divisions. The…


US dollar weakens as September rate cut bets mount

NEW YORK, Aug 3 — The dollar fell broadly yesterday as news of slower US employment growth in July and heightened US-China trade tensions fuelled expectations that the Federal Reserve would cut interest rates again in September. Nonfarm payrolls…


India passes ‘historic’ minimum wage law amid activist worries

MUMBAI, Aug 3 — India’s parliament yesterday passed a “historic” law to guarantee a minimum wage to hundreds of millions of workers, but labour activists said it did not go far enough to protect those in the informal sector. The Code on…


S&P 500, Nasdaq close out worst week since December on trade worries

NEW YORK, Aug 3 — Wall Street extended its sell-off yesterday on renewed trade fears as the benchmark S&P 500 index and Nasdaq saw their worst weekly percentage plunges since December, when investors were spooked by the prospect of a looming…