US tech industry cool on Trump deal on France digital tax

A US trade group representing major technology firms on Tuesday denounced an agreement on France’s digital tax announced by Presidents Donald Trump and Emmanuel Macron that leaves the levy in place until a new international taxation plan takes effect.
28 August 2019, 18:00 PM

Rate cuts not enough to re-fire damp India housing market

India's liquidity-starved economy will restrain housing market activity and price rises in coming months and into 2020, according to a Reuters poll of property market experts who were skeptical aggressive interest rate cuts will revive it.
28 August 2019, 18:00 PM

Australia home building craters, prices promise some relief

Australian construction spending slid to its lowest in almost three years last quarter as a deepening downturn in home building spread to other sectors and posed a downside risk to growth across the economy.
28 August 2019, 18:00 PM

Fed rejects call to deny Trump rate cuts; Trump keeps up pressure

The US central bank on Tuesday rejected a call from a former Federal Reserve policymaker to counter President Donald Trump’s trade agenda by refusing to “play along” and denying the president the interest rate cuts he has demanded.
28 August 2019, 18:00 PM

Trump says China talks coming, Beijing calls for trade war resolution

The United States and China sought to ease trade war tensions on Monday, with Beijing calling for calm and US President Donald Trump predicting a deal after markets fell in response to new tariffs from both countries.
26 August 2019, 10:32 AM

Indonesia announces surprise rate to offset tepid global growth

Indonesia’s central bank announced a surprise interest rate cut Thursday as it looks to offset tepid global growth, after Southeast Asia’s biggest economy posted its slowest quarterly expansion in two years.
22 August 2019, 18:00 PM

Factory woes grip swing states that flipped for Trump in 2016

A slowdown in US manufacturing is hitting jobs in states that flipped to Donald Trump in the 2016 election and that will be key to the Republican president’s re-election prospects in 2020.
22 August 2019, 18:00 PM

US, Mexico reach deal to end tomato tariffs

The United States and Mexico said Wednesday they have reached a deal to end US tariffs on Mexican tomatoes, imposed amid a surge in trade tension between the neighbors.
22 August 2019, 18:00 PM

Fed was divided on rate cut, wanted to avoid appearing on path for more cuts

Federal Reserve policymakers were deeply divided over whether to cut interest rates last month but were united in wanting to signal they were not on a preset path to more cuts, a message not likely to sit well with US President Donald Trump.
22 August 2019, 18:00 PM

Auto companies in India cut more jobs

With India’s auto sales declining for the ninth straight month in July, more automotive manufacturers are laying off workers and temporarily halting production to keep costs in check, according to sources and documents seen by Reuters.
22 August 2019, 18:00 PM

Macron says tech giants enjoy ‘permanent tax haven status’

French President Emmanuel Macron, who will defend a global tax on tech giants at this weekend’s G7 meeting, on Wednesday criticised a “crazy” system that gives firms a “permanent tax haven status”.
22 August 2019, 18:00 PM

Trump attacks Ford Motor for not backing fuel economy rollback

US President Donald Trump stepped up a series of attacks on automakers on Wednesday for not backing his administration’s plan to roll back Obama-era fuel efficiency rules, singling out Ford Motor Co in particular for backing a deal with California for stricter fuel economy standards.
22 August 2019, 18:00 PM

Yuan falls to fresh 11-year lows on trade war worries

China’s yuan fell to fresh 11-year lows on Thursday amid worries about the deepening Sino-U.S. trade war, despite support from major state-owned banks in both the spot and forwards markets.
22 August 2019, 18:00 PM

China hopes US would stop wrong tariff action

China said on Thursday it hopes the United States will stop its wrong tariff action, adding that any new tariffs would lead to escalation.
22 August 2019, 18:00 PM

Indians pawning the family gold amid credit crunch

Refused a loan by a state-run lender and desperate for funds to buy cotton seeds before the summer sowing season window closed, Indian farmer Babasaheb Mandlik ran out of choices - he pawned his wife’s gold jewelry.
22 August 2019, 18:00 PM

Alibaba postpones up to $15b Hong Kong listing amid protests

China's biggest e-commerce company Alibaba Group Holding Ltd has delayed its up to $15 billion listing in Hong Kong amid growing political unrest in the Asian financial hub, two people with knowledge of the matter told Reuters.
21 August 2019, 18:00 PM

Japan, US ministers meet for trade talks as hopes for early deal fade

Japan and the United States will seek to narrow gaps on trade when their top negotiators meet this week, but hopes for a deal in September are fading as both sides fail to make concessions on agriculture and automobiles, sources say.
21 August 2019, 18:00 PM

Goldman moves to take majority control of China joint venture

Goldman Sachs has applied for majority control of its Chinese joint venture, the bank confirmed on Wednesday, the latest international bank to do so ahead of Chinese plans to eventually allow foreigners full control.
21 August 2019, 18:00 PM

Intel unveils first AI chip Springhill

Intel Corp on Tuesday unveiled its latest processor that will be its first using artificial intelligence (AI) and is designed for large computing centers.
21 August 2019, 18:00 PM

India has not set deadline to launch electric vehicles: official

The Indian government has not set a deadline to launch electric vehicles or to ban manufacturing of petrol and diesel cars, a government official said on Wednesday.
21 August 2019, 18:00 PM