Date: July 3, 2019 United States: U.S. Trade Gap Widens by More Than Forecast to Highest in 2019 “The U.S. trade deficit widened by more than forecast to a five-month high as imports surged the most since 2015, illustrating how President Donald Trump’s trade policies are weighing on the economy. The gap increased 8.4% in
United States: U.S. Proposes More Tariffs on EU Goods in Airbus-Boeing Dispute “The U.S. added more European Union products to a list of goods it could hit with retaliatory tariffs in a long-running trans-Atlantic subsidy dispute between Boeing Co. and Airbus SE. The Trade Representative’s office in Washington on Monday published a list of $4
Date: July 1, 2019 United States: Stocks Climb Globally on Trade Truce; Oil Rallies: Markets Wrap “U.S. stock futures rallied, with semiconductor shares leading the charge after President Donald Trump agreed to ease a ban on American companies supplying Chinese tech giant Huawei. Gold, the yen and Treasuries all retreated. Contracts on the Nasdaq 100
United States: U.S. Core Inflation Shows Signs of Life as Fed Weighs Cut “The Federal Reserve’s preferred measure of underlying U.S. inflation showed signs of picking up in May toward the central bank’s goal, potentially raising the bar for an interest-rate cut when policy makers meet at the end of next month. The core personal
Date: June 27, 2019 United States: Trump Warns of ‘Plan B’ on China Trade: Billions More in Tariffs “President Donald Trump said substantial additional U.S. tariffs would be placed on goods from China if there’s no progress on a trade deal after his planned meeting with Chinese counterpart Xi Jinping at the G-20 Summit in
Date: June 26, 2019 United States: U.S. Set to Delay More China Tariffs Ahead of Trump-Xi Meeting “The U.S. is willing to suspend the next round of tariffs on an additional $300 billion of Chinese imports while Beijing and Washington prepare to resume trade negotiations, people familiar with the plans said. The decision, which is
United States: U.S. Jobless Claims Drop in Latest Sign of Strong Labor Market Filings for U.S. unemployment benefits declined the most in five weeks in another sign the jobs market remains strong, underscoring the outlook of Federal Reserve officials. Jobless claims fell to 216,000 in the week ended June 15, according to Labor Department figures
United States: Fed Signals Law Is on Its Side If Trump Tries to Remove Powell The world’s most powerful central bank is making clear it thinks the law is on its side if President Donald Trump tries to remove Jerome Powell as Federal Reserve chairman. White House lawyers have equipped Trump with a possible blueprint
June 18, 2019 United States: U.S. Housing Starts Stabilize as Building Permits Edge Up U.S. new-home construction fell in May after an April reading that was stronger than initially reported, signaling stabilization in the market amid lower borrowing costs. Residential starts dropped 0.9% to a 1.27 million annualized rate after a revised 1.28 million
June 17, 2019 Supreme Ventures Limited (SVL) has advised that Mr. W. David McConnell has stepped down as Chairman of the Board effective June 12, 2019 and Mr. Gary Peart has been appointed as Chairman effective June 13, 2019. SVL has also advised that Lorna Gooden has resigned as Corporate Secretary effective June 13,
