SAN JOSE DE BARLOVENTO, Venezuela (Reuters) – Venezuela cocoa trader Freddy Galindo has battled highway robberies, kidnappings of family members and declining quality in his 19 years exporting the nation’s legendary beans. This year’s harvest brought a new worry: meddling by the socialist government. He said trucks filled with beans leaving his warehouse in central […]
(Reuters) – The U.S. Department of Commerce’s Bureau of Economic Analysis and Census Bureau will not publish economic data during the ongoing partial government shutdown, the Wall Street Journal reported on Wednesday, citing an agency spokeswoman. The Commerce Department releases key figures on gross domestic product, inflation, personal income and spending, trade and new home […]
It can be easy to forget that, two years ago, the White House press briefing took place nearly every day. The president refrained from insulting reporters on live television. And correspondents did not lose their access for showing insufficient “respect.” That’s the thing about traditions — they tend to be sacrosanct until they aren’t. The […]
TOKYO (Reuters) – Asian shares on Thursday latched on to a dramatic surge on Wall Street as markets, battered by a recent drum roll of deepening political and economic gloom, cheered upbeat U.S. data and the Trump administration’s effort to shore up investor confidence. In a buying frenzy that was as spectacular as the recent […]
WASHINGTON (Reuters) – A U.S. trade team will travel to Beijing the week of Jan. 7 to hold talks with Chinese officials, Bloomberg reported on Wednesday, citing two people familiar with the matter. The delegation will be led by Deputy U.S. Trade Representative Jeffrey Gerrish and will include David Malpass, Treasury under secretary for international […]
NEW YORK (Reuters) – Oil surged on Wednesday, erasing some of the steep losses that have taken crude benchmarks to lows not seen in 1-1/2 years on perceptions the price slide has gone too far, too fast. Both U.S. and Brent crude were more than 6 percent higher on Wednesday, but it was unclear if […]
BEIJING (Reuters) – A Chinese court sentenced the former general manager of Sinochem Group to 12 years in prison, state TV reported on Wednesday. Cai Xiyou, who headed one of the world’s largest chemical conglomerates, was put under investigation in 2016. He pleaded guilty to the charges and said he would not appeal, the TV […]
When she was in cosmetology school, Tracy Lozano had a love-hate relationship with weekday mornings. Those predawn moments were the only time she saw her infant daughter awake, and she savored them. When the time came to hand the baby to her own mother, she said in a recent interview, she would stifle her tears, […]
SEOUL (Reuters) – Oil prices were mixed in thin trading on Wednesday as the U.S. benchmark rebounded from steep losses in the previous session, even though concern over the health of the global economy continued to overshadow the market in the longer term. U.S. West Texas Intermediate (WTI) crude futures CLc1, were up 35 cents, […]
WASHINGTON (Reuters) – President Donald Trump on Tuesday reiterated that the U.S. Federal Reserve was raising interest rates too quickly but added that U.S. companies were “the greatest in the world” and presented a “tremendous” buying opportunity for investors. “They’re raising interest rates too fast because they think the economy is so good. But I […]