Completion of a “phase one” US-China trade deal could slide into next year, trade experts and people close to the White House said, as Beijing presses for more extensive tariff rollbacks, and the Trump administration counters with heightened demands of its own.
- China Risks Hurting Itself by Hitting Back Against US – Bloomberg
- China Says Will Strive to Reach ‘Phase One’ Trade Deal with US – Reuters
- Kissinger Says US and China in ‘Foothills of a Cold War’ – Bloomberg
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House Democrats on Wednesday blasted the Trump administration for not consulting sufficiently with Congress while negotiating a mini trade deal with Japan, failing to provide details about it and refusing to testify at a congressional hearing.
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The European Central Bank is nearing a decision to launch a review of its policy strategy, chief economist Philip Lane said Wednesday, as officials struggle to boost inflation despite years of massive stimulus.
Japan’s ruling coalition lawmakers have called for an additional budget that would include $92 billion in spending to support slowing growth, party officials said on Thursday, raising worries about straining public finances.
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Custodian banks should now exclude qualifying deposits from their supplementary leverage ratio calculations.
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Citi has launched a new cross-border, business-to-business payments platform that aims to “digitise” the transaction process and includes FX capabilities.
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It has maxed out tariffs and other trade barriers, and selling Treasuries is ineffective.