President Donald Trump will delay imposing steel and aluminum tariffs on the European Union, Mexico and Canada until June 1 as he finalizes deals with them, the White House said in a statement. The administration has reached agreements-in-principle with Argentina, Australia and Brazil, according to the statement, which the White House released late Monday night.
An international arbitration court has ordered Venezuela’s oil company PDVSA to pay ConocoPhillips US$ 2.04 billion for early dissolution of two joint ventures for producing oil in the OPEC-member country, the U.S. firm said.
Twelve hours after being sworn in U.S. Secretary of State Mike Pompeo went straight to NATO headquarters in Brussels in what European allies saw as strong support for an institution that U.S. President Donald Trump once called obsolete.
French President Emmanuel Macron has used his speech to the joint houses of the US Congress to denounce nationalism and isolationism as threats to global prosperity. The speech was widely interpreted as a thinly veiled attack on President Donald Trump's America First agenda.
China’s purchases of U.S. soybeans have come to a grinding halt, trade and industry sources say, as fears of further action by Beijing to curb imports of U.S. crops following last week’s anti-dumping move on sorghum rattles the agriculture industry.
President Trump vowed Tuesday to look for common ground with his French counterpart in dealing with Iran but made no commitment to stick with the nuclear agreement he described as “insane” and “ridiculous.” Receiving French President Emmanuel Macron for a state visit at the White House, Trump repeated his criticism of the agreement to freeze Iran's nuclear program, saying it doesn't address Tehran's missile program or its attempts to foment unrest in the region.
The 10-year U.S. Treasury yield has broken through the psychologically important level of 3%, leaving analysts contemplating what it could mean the future of asset markets and, more importantly, the global economy. The yield on the benchmark bond — which helps to set prices for debt instruments all over the world — inched past 3% on Tuesday, a level that many market players deem dangerous for investments and the economy.
A federal judge has ruled against the Trump administration's decision to end a program protecting some young immigrants from deportation. US District Judge John D Bates in Washington says the Department of Homeland Security's decision to rescind the Deferred Action for Childhood Arrivals program was unlawful and must be set aside.
A team of US doctors has successfully carried out the world's first total transplant of a penis and scrotum. Surgeons at Johns Hopkins University in Baltimore, Maryland, performed the operation on a soldier who had been wounded by a bomb in Afghanistan.
United States federal regulators are poised to impose a US$ 1 billion penalty on Wells Fargo for a variety of alleged misdeeds, including forcing customers to buy auto insurance policies that they didn't need, according to people briefed on the regulatory action.