China trade truce sparks rise in grain, soy prices

By Nigel Hunt LONDON, May 21 : Chicago grain and oilseed prices were higher on Monday after Washington and Beijing agreed to drop tariff threats, easing fears about demand for U.S. shipments to China. Dealers said gains were tempered by a strong dollar with the U.S currency climbing to a five-month high. The U.S. trade […]

China relieved U.S. trade war is “on hold”; U.S. business ambivalent

By Ben Blanchard and Michael Martina BEIJING, May 21 : China on Monday praised a significant dialling back of trade tension with the United States, with the government saying agreement was in the interests of both countries while state media trumpeted what it saw as China’s refusal to surrender. The cooling of tension elicited mixed […]

U.S., China putting trade war on hold, Treasury’s Mnuchin says

By Lindsay Dunsmuir and Howard Schneider WASHINGTON, May 21 : The U.S. trade war with China is “on hold” after the world’s largest economies agreed to drop their tariff threats while they work on a wider trade agreement, U.S. Treasury Secretary Steven Mnuchin said on Sunday. Mnuchin and U.S. President Donald Trump’s top economic adviser, […]

US, China putting trade war on hold, Treasury’s Mnuchin says

By Lindsay Dunsmuir WASHINGTON, May 20 : The U.S. trade war with China is “on hold” after the world’s largest economies agreed to drop their tariff threats while they work on a wider trade agreement, U.S. Treasury Secretary Steven Mnuchin said on Sunday. Mnuchin and U.S. President Donald Trump’s top economic adviser, Larry Kudlow, said […]

China’s buyers balk at US corn on trade fears, GMO controls

By Hallie Gu and Dominique Patton BEIJING, May 18 : China’s purchases of U.S. corn have slowed significantly due to worries the grain might be drawn into the trade spat between the world’s two largest economies, and as Chinese customs keeps the brakes on clearances for cargoes, four traders told Reuters. Chinese buyers have cancelled […]

China local govt firm fails to repay $629 mln loans in rare default – sources

By Pei Li and Kevin Yao BEIJING, May 18 : A firm controlled by a city government in China’s Inner Mongolia region has failed to make interest and principal payments on nearly 4 billion yuan ($629 million) in off-balance sheet loans, two sources with direct knowledge of the matter said. The rare loan default highlights […]