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Trending: US trade with China probably needs to be smaller, USTR’s Greer says
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US trade with China probably needs to be smaller, USTR’s Greer says

WASHINGTON, Dec 4 (Reuters) - U.S. trade with China needs to be balanced and probably needs to be smaller, U.S. Trade Representative Jamieson Greer said on Thursday, adding that he viewed a 25% drop in goods trade with China as heading in the "right ...
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US Steel to restart Granite City’s blast furnace to support customer demand

Dec 4 (Reuters) - U.S. Steel said on Thursday it has begun the process to restart operations in one of two blast furnaces at Granite City Works, driven by customer demand. "After several months of carefully analyzing customer demand, we made the decision to restart ...
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Japan October household spending unexpectedly falls 3.0% year/year​

TOKYO, Dec 5 (Reuters) - Japanese household spending unexpectedly fell 3.0% in October from a year earlier, government data showed on Friday, worse than the median market forecast for a 1.0% rise. On a seasonally adjusted, month-on-month basis, spending dropped 3.5%, versus an estimated 0.7% ...
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US FAA picks Peraton to oversee air traffic control reform effort

WASHINGTON, Dec 4 (Reuters) - The Federal Aviation Administration said Thursday it has picked Peraton, a national security company owned by Veritas Capital, to become the project manager of a $12.5 billion effort to overhaul the aging U.S. air traffic control system. In September, ...
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Faulty glucose monitors linked to 7 deaths and more than 700 injuries, FDA warns

The U.S. Food and Drug Administration is warning people to stop using certain types of glucose monitor sensors after the company that makes them, Abbott Diabetes Care, said the devices were linked to seven deaths and more than 700 injuries. Certain FreeStyle Libre 3 and ...
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US Treasury slaps $7.1M fine on New York firm for managing properties for Putin ally

WASHINGTON (AP) - The U.S. Treasury Department imposed a $7.1 million fine on a New York-based property management firm Thursday, accusing it of violating sanctions by managing luxury real estate properties for oligarch Oleg Deripaska, who has close ties to Russian President Vladimir Putin. Treasury's ...
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Brazil soy exports jump 64% in November ahead of Chinese shift to US

By Roberto Samora and Fernando Cardoso SAO PAULO, Dec 4 (Reuters) - Brazil's soybean exports jumped 64% in November from a year ago to 4.2 million metric tons, the government said on Thursday, with good local supply allowing elevated shipments before the world's largest importer ...
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Boosted by Dubai chocolate craze, Argentina bets on pistachios

By Leila Miller SAN JUAN, Argentina, Dec 4 (Reuters) - In Argentina's rapidly growing pistachio heartland, rows of trees bearing the ripening yellow fruit dot the dry landscape, a sign of how this agricultural region is striving to capitalize on its favorable climate to ...
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Canada and Mexico should not be export hubs for China, says USTR

WASHINGTON, Dec 4 (Reuters) - Canada and Mexico should not be used as export hubs for China, Vietnam, Indonesia and other countries, U.S. Trade Representative Jamieson Greer said on Thursday, saying that this was already happening in some cases in Mexico. Greer told a conference ...
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Apple appoints Meta’s Newstead as general counsel amid executive changes

Dec 4 (Reuters) - Apple on Thursday announced that Meta Platforms' chief legal officer, Jennifer Newstead, will join the company as its general counsel and senior vice president. Newstead, who previously served as the legal adviser of the U.S. Department of State, will become Apple's ...
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AMD chief says company ready to pay 15% tax on AI chip shipments to China

SAN FRANCISCO, Dec 4 (Reuters) - Advanced Micro Devices CEO Lisa Su on Thursday said the company has licenses to ship some of its MI 308 chips to China and is prepared to pay a 15% tax to the U.S. government if it ships ...
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Activist investor Elliott nears settlement with PepsiCo, WSJ reports

Dec 4 (Reuters) - Activist investor Elliott Management is close to striking a settlement agreement with PepsiCo, the Wall Street Journal reported on Thursday, citing people familiar with the matter. Details of the settlement could not be learned, according to the report. Elliott took ...
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