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Aug 30, 2018

11:47Donald Trump Says He’ll Eliminate Pay Raises for Civilian Federal Employees Next Year–Second Update -

By Kate Davidson WASHINGTON — President Trump said Thursday he would invoke his emergency authority to freeze pay for more than two million civilian federal workers next year, citing the need to restrain the growth of federal spending. “We must maintain efforts to put our nation on a fiscally sustainable course, and Federal agency budgets […]

11:43Fresh Stress Grips World’s Weakest Emerging-Market Currencies — 3rd Update -

By Mike Bird and Saumya Vaishampayan The Argentine peso hit a record low — prompting the country’s central bank to raise interest rates to 60% — and the Turkish lira slid further, as emerging markets most vulnerable to a rising dollar bent under the stress on Thursday. While Argentina and Turkey are in particular trouble […]

10:12U.S.-Canada Trade Talks Take On ‘Intense Rhythm’ — 3rd Update -

By Paul Vieira in Ottawa and Jacob M. Schlesinger in Washington Marathon trade talks between the U.S. and Canada moved into what Canada’s chief negotiator called “an intense rhythm,” as the two sides rushed to try to strike a deal by the Friday deadline set by the Trump administration. Canadian Foreign Minister Chrystia Freeland spoke […]

09:47U.S.-Canada Trade Talks Take On ‘Intense Rhythm’ — Update -

By Paul Vieira in Ottawa and Jacob M. Schlesinger in Washington Marathon trade talks between the U.S. and Canada moved into what Canada’s chief negotiator called “an intense rhythm,” as the two sides rushed to try to strike a deal by the Friday deadline set by the Trump administration. Canadian Foreign Minister Chrystia Freeland spoke […]

08:58Argentina’s Central Bank Lifts Policy Rate to 60% — 2nd Update -

By Julie Wernau and Anthony Harrup Argentina’s peso tumbled again on Thursday as President Mauricio Macri grapples with a crisis of confidence sparked by growing social unrest and skepticism about his ability to contain runaway inflation, cut spending and meet financing needs. The Central Bank of Argentina sharply raised its key interest rate to 60% […]

08:31U.S.-Canada Trade Talks Take On ‘Intense Rhythm’ -

By Paul Vieira in Ottawa and Jacob M. Schlesinger in Washington Marathon trade talks between the U.S. and Canada moved into what Canada’s chief negotiator called “an intense rhythm,” as the two sides rushed to try to strike a deal by the Friday deadline set by the Trump administration. Canadian Foreign Minister Chrystia Freeland spoke […]

08:24Treasurys Climb After Inflation Data -

By Amrith Ramkumar U.S. government-bond prices climbed Thursday after the latest inflation data showed continued gradual gains in consumer prices and investors sought safer assets following the latest sign of trade frictions. The yield on the benchmark 10-year U.S. Treasury note fell to 2.860% from 2.882% Wednesday. Yields fall as bond prices rise. Yields climbed […]

06:35Trump’s Nafta Rewrite Holds Promise for Labor Unions -

By Josh Zumbrun Labor unions, a traditional adversary of the Republican Party, could be a winner in President Trump’s planned rewrite of the North American Free Trade Agreement. Last summer, the AFL-CIO, the largest union group in the U.S., promoted a long list of changes it wanted to see in a new Nafta. The handshake […]

05:59Bundesbank’s Weidmann Says a Euro-Area Budget Could Be a Good Thing, With Conditions -

By Tom Fairless German Bundesbank President Jens Weidmann signaled Thursday that he might support the creation of a common eurozone budget that could help improve the region’s competitiveness and assist crisis-hit countries, but only as part of a fundamental reform of European Union funds. The comments from Mr. Weidmann, a longtime critic of greater risk-sharing […]

12:45US Jobless Claims Rose Slightly Less Than Expected Last Week -

By Paul Kiernan and Josh Mitchell WASHINGTON– The number of U.S. workers filing new applications for unemployment benefits rose slightly last week after three straight weeks of decline, though a more stable measure of claims hit the lowest level in nearly five decades. Initial jobless claims, an indication of layoffs across the U.S., increased by […]

12:45U.S. Consumer Spending Rose 0.4% in July -

By Josh Mitchell and Paul Kiernan WASHINGTON–Americans spent all of their income gains and then some last month, suggesting the economy sustained momentum going into the second half of the year. Personal spending–or how much Americans shelled out for goods and services, such as groceries and healthcare–rose a seasonally adjusted 0.4% in July from a […]

12:45Canada GDP Climbs 2.9% in 2Q on Exports, Consumer Spending -

By Paul Vieira OTTAWA–The Canadian economy rebounded in the second quarter with its best performance in a year, powered by one of the strongest export gains this decade and an acceleration in consumer spending. Canada’s gross domestic product, or the broadest measure of goods and services produced in an economy, rose at a 2.9% annualized […]

12:33German HICP Slips Below 2% Mark in August -

By Emese Bartha FRANKFURT–EU-harmonized inflation in Germany slipped below the 2% mark in August, coming in slightly below economists’ expectations even as pressure from energy increased. Harmonized consumer prices according to European Union standards remained unchanged on the month and rose by 1.9% on the year in August, the Federal Statistical Office said in a […]

12:31Swedish Krona: A Painful Trade That Markets Missed -

By Joe Wallace Negative interest rates and fractures in one of the world’s most stable political systems have made 2018 an unhappy year for Sweden’s currency. Down 10% against the dollar, the krona has fallen more than any other developed-market currency. Among the 10 most heavily traded currencies in the world, it has undershot even […]

12:01Fresh Stress Grips World’s Weakest Emerging-Market Currencies — Update -

By Saumya Vaishampayan and Mike Bird The Argentine peso hit a record low and the Turkish lira resumed its slide, dramatizing the strains faced by emerging markets most vulnerable to a rising dollar. While Argentina and Turkey are in particular trouble, many developing countries are being squeezed as the Federal Reserve raises interest rates, boosting […]

11:56Fresh Stress Grips World’s Weakest Emerging-Market Currencies — Update -

By Saumya Vaishampayan and Mike Bird The Argentine peso hit a record low and the Turkish lira resumed its slide, dramatizing the strains faced by emerging markets most vulnerable to a rising dollar. While Argentina and Turkey are in particular trouble, many developing countries are being squeezed as the Federal Reserve raises interest rates, boosting […]

10:04Fresh Stress Grips World’s Weakest Emerging-Market Currencies — Update -

By Saumya Vaishampayan and Mike Bird The Argentine peso hit a record low and the Turkish lira resumed its slide, dramatizing the strains faced by emerging markets most vulnerable to a rising dollar. While Argentina and Turkey are in particular trouble, many developing countries are being squeezed as the Federal Reserve raises interest rates, boosting […]

09:44U.S.-Mexico Trade Pact Faces Scrutiny From Lawmakers at Home -

By Juan Montes in Mexico City and Natalie Andrews in Washington, D.C. The U.S.-Mexico trade deal announced by the two countries’ leaders this week now faces scrutiny from their respective legislators, who ultimately must ratify the agreement. The early read: Mexican lawmakers will clear the pact with little trouble, while the U.S. Congress remains wary, […]

08:51Foreign Investors Sold Record Number of Gilts in July -

By Jason Douglas LONDON–Foreign investors offloaded 17.2 billion pounds ($22.2 billion) of U.K. government bonds in a single month this summer, the biggest monthly sale of British government debt on record. The selloff will likely heighten concern that patchy progress in talks over the terms of the U.K.’s exit from the European Union next year […]

08:10German Jobless Claims Fall in August in Line With Expectations -

By Emese Bartha FRANKFURT–Germany’s labor market remained on a strong footing in August as some other key indicators recently signaled robust economic growth in Europe’s largest economy. Jobless claims in August fell by 8,000 from July, the Federal Employment Agency said Thursday, referring to data adjusted for seasonal swings. This is in line with economists’ […]

07:42Fresh Stress Grips Weakest Emerging-Market Currencies -

By Mike Bird and Saumya Vaishampayan The Argentine peso hit a record low, and the Turkish lira resumed its slide, dramatizing the strains faced by emerging markets most vulnerable to a rising dollar. While Argentina and Turkey are in particular trouble, many developing countries are being squeezed as the Federal Reserve raises interest rates, boosting […]

06:47What’s News: World-Wide — WSJ -

This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (August 30, 2018). U.S.-Canada trade ties took a sudden optimistic turn as the two countries signaled they were on track to meet a Friday deadline to revise Nafta. […]

Aug 29, 2018

11:38International Trade Commission Blocks Proposed Newsprint Tariffs — 2nd Update -

By Bob Davis and Lukas I. Alpert WASHINGTON — The U.S. International Trade Commission blocked the Trump administration from imposing tariffs on Canadian newsprint, handing the publishing industry a victory in a battle it said was crucial to the health of newspapers. The ITC, an independent government agency, ruled 5-0 that Canadian paper imports didn’t […]

10:56U.S., Canada Say Nafta Talks on Track -

By Paul Vieira and Vivian Salama Trade ties between the U.S. and Canada took a sudden optimistic turn on Wednesday as the two countries signaled they were on track to meet a tight Friday deadline to revise the North American Free Trade Agreement. “Canada very much wants to make the deal,” President Trump said at […]

10:24Mexico Cites ‘Insurance’ Against U.S. National-Security Tariffs–Update -

By David Luhnow and Santiago Pérez MEXICO CITY — Mexico and the U.S. have negotiated a side letter to the revamped North American Free Trade Agreement that would soften the blow of possible U.S. national-security tariffs the Trump administration is considering for auto imports, Mexican Economy Minister Ildefonso Guajardo said on Wednesday. The side agreement […]

09:41International Trade Commission Blocks Proposed Newsprint Tariffs — Update -

By Bob Davis and Lukas I. Alpert WASHINGTON — The U.S. International Trade Commission blocked the Trump administration from imposing tariffs on Canadian newsprint, handing the publishing industry a victory in a battle it said was crucial to the health of newspapers. The ITC, an independent government agency, ruled 5-0 that Canadian paper imports didn’t […]

08:27U.S., Canada Says Nafta Talks on Track -

By Paul Vieira OTTAWA — President Trump said negotiations with Canada about revamping the North American Free Trade Agreement were on track ahead of a Friday deadline, as the talks kicked off in earnest. “Canada very much wants to make the deal,” Mr. Trump told reporters on Wednesday at the White House, adding that talks […]

08:24Lawmakers Push to Sanction Chinese Officials Over Xinjiang Camps -

By Josh Chin and Eva Dou BEIJING — Members of Congress are pressuring the Trump administration to confront Beijing over the mass roundup of Muslims in internment camps, urging travel and financial sanctions be clamped on senior Chinese officials involved in the detentions. In a letter sent Wednesday to Secretary of State Mike Pompeo and […]

07:38Canada Voices Optimism on Nafta Deal -

By Paul Vieira OTTAWA — Canadian Foreign Minister Chrystia Freeland said bilateral talks with the Trump administration toward a revamped North American Free Trade Agreement kicked off in earnest Wednesday, and reiterated her optimism about success now that issues related automobiles are largely resolved. Following a nearly two-hour morning meeting with U.S. Trade Representative Robert […]

12:45U.S. GDP Growth Revised Up in Second Quarter -

By Harriet Torry and Sharon Nunn WASHINGTON–Economic growth was stronger during the second quarter than earlier estimated, although growth in a key measure of U.S. corporate profits moderated from the first quarter. Gross domestic product–the value of all goods and services produced across the economy– rose at a 4.2% annual rate in the second quarter, […]

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