Tag: Huffington News

Factbox - U.S., China drafting memorandums for possible trade deal (Reuters) - Top U.S. and Chinese trade officials are working this week to hash out language on six broad agreements that aim to resolve the most contentious issues in their seven-month trade war. The world’s two largest economies are trying to beat a March 1 deadline for a deal that averts a scheduled increase in U.S. tariffs on $200 billion of Chinese goods to 25 percent from 10 percent. U.S. President Donald Trump has said he may be flexible on…

Exclusive: U.S., China sketch outlines of deal to end trade war - sources WASHINGTON (Reuters) - The United States and China have started to outline commitments in principle on the stickiest issues in their trade dispute, marking the most significant progress yet towards ending a seven-month trade war, according to sources familiar with the negotiations. FILE PHOTO: Chinese staffers adjust U.S. and Chinese flags before the opening session of trade negotiations between U.S. and Chinese trade representatives at the Diaoyutai State Guesthouse in Beijing, Thursday, Feb. 14, 2019. Mark Schiefelbein/Pool…

Former New Zealand PM denies writing article in China's official paper WELLINGTON (Reuters) - New Zealand’s former prime minister has denied writing an article attributed to her by the official newspaper of China’s ruling communist party that praised the Asian giant’s economic development at a time of strained ties. The first-person opinion piece, published under Jenny Shipley’s name on the website of the People’s Daily on Monday, and headlined, ‘We need to learn to listen to China,’ had become its top-read English-language story by Thursday. “It is important for the…

China's desire for close Iran ties unchanged, Xi says ahead of Saudi prince's visit BEIJING (Reuters) - China’s desire to develop close ties with Iran will remain unchanged, regardless of the international situation, President Xi Jinping told the speaker of Iran’s parliament, ahead of Thursday’s visit to Beijing by Saudi Arabia’s crown prince. FILE PHOTO: Chinese President Xi Jinping speaks during an event to commemorate the 40th anniversary of the “Message to Compatriots in Taiwan” at the Great Hall of the People in Beijing, China January 2, 2019. REUTERS/Mark Schiefelbein/Pool…

Standard Chartered sets aside 0 million to cover U.S., British fines (Reuters) - Standard Chartered PLC (StanChart) has set aside $900 million (691 million pounds) to cover fines resulting from investigations by regulators in Britain and the United States, it said on Thursday, sending its shares down 1 percent. FILE PHOTO: A logo of Standard Chartered is displayed at the financial Central district in Hong Kong, China November 23, 2017. REUTERS/Bobby Yip The bank also disclosed in a Thursday filing to the Hong Kong Stock Exchange that it has been…

Bangladesh building fire kills at least 56, toll could rise further A view of a scene of a fire that broke out at a chemical warehouse in Dhaka, Bangladesh February 20, 2019. REUTERS/Mohammad Ponir Hossain DHAKA (Reuters) - The death toll from a fire in a centuries-old area of the Bangladesh capital, Dhaka, jumped dramatically to 56 people on Thursday, a fire official said, and could keep climbing as fire fighters combed the wreckage of the destroyed building. “So far, 56 bodies have been recovered. The number could rise further…