U.S. trade envoy meets lawmakers on U.S.-Mexico-Canada deal as time runs short
WASHINGTON (Reuters) - U.S. Trade Representative Robert Lighthizer met this week with Democratic lawmakers to try to resolve their concerns about the U.S.-Mexico-Canada (USMCA) trade agreement as Republicans increased pressure to get the deal passed by the end of 2019.
U.S.-China trade reprieve makes no dent on recession chances: Reuters poll
BENGALURU (Reuters) - The recent truce in the U.S.-China trade war is not an economic turning point and has done nothing to reduce a significant risk that the United States could slip into recession in the next two years, a Reuters poll of economists found.
Asian shares edge up; investors anxious over earnings, Brexit
SYDNEY (Reuters) - Asian shares pulled ahead on Thursday with corporate earnings buffeting trading as investors remained anxious about the business impact of the Sino-U.S. trade war while Brexit uncertainties kept overall sentiment in check.
ECB's Draghi denied grand finale as economy weakens and dissent grows
FRANKFURT (Reuters) - Mario Draghi may be the man who saved the euro but his last press conference as President of the European Central Bank on Thursday is unlikely to be the grand finale he was hoping for.
Some U.S. electronics factories start layoffs as trade tariffs hit
(Reuters) - U.S. electronics factories are investing less and slowing hiring or laying off workers in some cases due to the rising costs of trade tariffs, according to an industry survey set for release on Wednesday.
Japan factory activity shrinks at quickest pace since 2016 in October: flash PMI
TOKYO (Reuters) - Japanese factory activity shrank at the fastest pace in over three years in October, largely hurt by slumping new orders and output, in yet another sign of broadening economic cracks in the face of slowing global demand and trade frictions.
South Korea's third-quarter growth slows more than expected, exports show recovery signs
SEOUL (Reuters) - South Korea's economy grew less than expected in the third quarter, and though exports showed signs of steadying the overall outlook was clouded by a domestic spending slump and intensifying global risks from trade frictions .
Four in five EU coal plants are unprofitable: research
LONDON (Reuters) - Four in five coal plants in the European Union are unprofitable and utilities could face losses of nearly 6.6 billion euros ($7.3 billion) this year, a report by think tank the Carbon Tracker Initiative said on Thursday.
UK employers plan to rein in pay rises in 2020: XpertHR
LONDON (Reuters) - British employers plan to scale back their pay rises for staff next year, an industry survey showed on Thursday, suggesting overall earnings growth is likely to slow from its current 11-year high.
Pound pauses for breath on Brexit limbo, dollar stable
HONG KONG (Reuters) - The British pound stabilized on Thursday as the Brexit project entered a fresh holding pattern, while the dollar held firm as traders took a breather from Sino-U.S. trade headlines.