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Daily Archives : 08/06/2019

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Rising trade tensions between the U.S. and China have sparked worries about the 17 exotic-sounding rare earth minerals needed for high-tech products like robotics, drones and electric cars.    China recently raised tariffs to 25% on rare earth exports to the U.S. and has threatened to halt exports altogether after…

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Financial leaders of the Group of 20 gathered Saturday to brainstorm ways to adapt global finance to an age of trade turmoil and digital disruptions. The central bank governors and other financial regulators meeting in this southern Japanese port city also flagged risks from upsets to the global economy as…

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One down, still others to go. President Donald Trump claimed a victory after Washington and Mexico agreed on measures to stem the flow of Central American migrants into the United States. Trump called off plans to impose a 5% tax on Mexican exports, and Treasury Secretary Steven Mnuchin, speaking to…

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U.S. Treasury Secretary Steven Mnuchin said Saturday that he plans to speak privately with China’s central bank governor about trade on the sidelines of annual Group of 20 finance talks in southern Japan, but has no direct message to give him. Mnuchin and Yi Gang, chairman of the People’s Bank…

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In May, Arkansas became the latest state to cash in on the sale of medical marijuana. Lines of people wrapped around a newly opened dispensary, drawing in customers from all four corners of the Southern U.S. state. “I see them standing outside the window with a big smile on their…

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Uber is parting ways with two of its top executives less than a month after the company’s rocky stock market debut. CEO Dara Khosrowshahi told employees in an email Friday that he plans to be more involved in day-to-day operations now that the initial public offering of stock has passed….

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FedEx Corp. Friday decided not to renew its contract with Amazon.com Inc. for U.S. cargo delivery through FedEx Express, the unit that delivers packages on planes, a move that reflects the broader trend of the e-commerce company moving services in-house. Amazon has been building out its own delivery network of…

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Cindy Saine at the State Department contributed to this report.    U.S. President Donald Trump said late Friday that the United States and Mexico had reached a deal on migration to avert tariffs. “I am pleased to inform you that The United States of America has reached a signed agreement…

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Finance ministers and central bank governors meeting in Japan this weekend will try to make headway on long-standing issues such as how much global giants like Facebook and Amazon should pay in taxes.    They’re likely to end up focusing a large share of their attention on how to keep…

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