Bank staff flagged Trump, Kushner transactions for watchdog: NYTimes

WASHINGTON (Reuters) – Anti-money laundering specialists at Deutsche Bank AG recommended in 2016 and 2017 that multiple transactions involving entities controlled by President Donald Trump and his son-in-law, Jared Kushner, be reported to a federal financial-crimes watchdog, the New York Times reported on Sunday. The newspaper, citing five current and former Deutsche Bank employees, said executives at the German-based bank, […]

Read more

Canada vows 'full steam ahead' on ratifying trade pact after U.S. lifts metals tariffs

OTTAWA (Reuters) – Canada will move quickly to ratify the new North American trade pact, Foreign Minister Chrystia Freeland said on Saturday, a day after the United States agreed to lift tariffs on Canadian steel and aluminum. U.S. President Donald Trump had imposed the global “Section 232” tariffs of 25% on steel and 10% on aluminum in March 2018 on […]

Read more

China's tough rhetoric leaves trade talks with U.S. in limbo

WASHINGTON/BEIJING (Reuters) – China struck a more aggressive tone in its trade war with the United States on Friday, suggesting a resumption of talks between the world’s two largest economies would be meaningless unless Washington changed course. The tough talk capped a week that saw Beijing unveil fresh retaliatory tariffs, U.S. officials accuse China of backtracking on promises made during […]

Read more

UPDATE 1-Speculative U.S. 10-year T-note net shorts hit six-month peak -CFTC

* Speculative ultra bond net shorts hit record high * Speculators raise Eurodollar net longs to most since Oct 2015 (Adds background, details) May 17 (Reuters) – Speculators’ net bearish bets on U.S. 10-year Treasury note futures rose earlier this week after China and the United States increased tariffs on each other’s goods, according to Commodity Futures Trading Commission data […]

Read more

U.S. House tax chairman sees court fight over Trump's returns

WASHINGTON (Reuters) – A top House Democrat edged the U.S. Congress closer to a legal fight with President Donald Trump over its investigations of him, saying on Friday he would rather appeal to the courts than pursue contempt charges if Trump’s tax returns are not released. The Treasury Department was expected to disregard a Friday deadline imposed by House tax […]

Read more

China evokes patriotism, past wars as trade conflict with U.S. heats up

BEIJING (Reuters) – The trade war with the United States will only make China stronger and will never bring the country to its knees, the ruling Communist Party’s People’s Daily wrote in a front-page commentary that evoked the patriotic spirit of past wars. Beijing has yet to say whether or how it will retaliate to the latest escalation in trade […]

Read more

Huawei ban clouds U.S.-China trade talks, tech sector

WASHINGTON/BEIJING (Reuters) – A U.S. bid to block China’s Huawei Technologies from buying vital American technology threw into question sales from some of the largest tech companies and drew a sharp rebuke on Thursday from Beijing, which warned it could hurt trade talks. Shares of Huawei’s U.S. suppliers fell on fears the Chinese firm would be forced to stop buying […]

Read more
1 2 3 136