Business

US, China putting trade war on hold after progress in talks

China US Trade

The world's two biggest economies are pulling back from the brink of a trade war after making...

Business

The Latest: Trump defends US trade dealings with China

US China Trade

WASHINGTON (AP) — The Latest on U.S.-China trade talks (all times local): 8:45 a.m. President Donald Trump is defending his administration’s trade dealings with China a day after his Treasury secretary said the two countries were putting a trade war “on hold.” Trump tweeted Monday: “China has...


Business

Fifth Third spends $4.7 billion for Chicago's MB Financial

NEW YORK (AP) — Fifth Third Bancorp is buying Chicago’s MB Financial for about $4.7 billion, mostly in stock. MB Financial Inc., the parent company of MB Financial Bank, has approximately $20 billion in assets. Greg Carmichael, the chairman and CEO of Fifth Third Bancorp, said Monday in prepared...


World

Britain's government says it does not intend to block Comcast's bid for Sky

LONDON (AP) — Britain’s government says it does not intend to block Comcast’s bid for Sky.


Business

General Electric cuts $11B deal with Wabtec

GE Wabtec

NEW YORK (AP) — General Electric’s train engine division will tie up with railroad equipment maker Wabtec in deal worth about $11 billion as GE CEO John Flannery continues to break off parts of the conglomerate. Wabtec CEO Raymond Betler will lead the combined company and its chairman, Albert...


Business

AP Top Business News at 8:47 a.m. EDT

The Latest: Trump defends US trade dealings with China Economic talks between US and China lead to trade war truce China says it can’t guarantee no more trade tension with US Stocks are higher as US, China put trade war on hold General Electric cuts $11B deal with Wabtec Fifth Third spends $4.7...


World

Stocks are higher as US, China put trade war on hold

South Korea Financial Markets

SEOUL, South Korea (AP) — Global stock markets rose on Monday as the United States and China put a trade war on hold, clearing some uncertainty for investors. KEEPING SCORE: Britain’s FTSE 100 was up 0.6 percent at 7,823 and France’s CAC 40 rose 0.5 percent to 5,642. The German market was closed...


Business

China says it can't guarantee no more trade tension with US

China US Trade

BEIJING (AP) — China’s government said Monday it cannot guarantee that renewed trade tension with Washington can be avoided after U.S. Treasury Secretary Steven Mnuchin declared a temporary truce in a spiraling dispute that prompted worries of a chilling of global commerce. Mnuchin said Sunday the...


Business

Economic talks between US and China lead to trade war truce

US China Trade

WASHINGTON (AP) — The United States and China are pulling back from the brink of a trade war after the world’s two biggest economies reported progress in talks aimed at bringing down America’s massive trade deficit with Beijing. “We are putting the trade war on hold,” Treasury Secretary Steven...


Business

Russian billionaire Abramovich runs into UK visa issues

Britain Abramovich

MOSCOW (AP) — Many wondered why Russian billionaire Roman Abramovich wasn’t in the stands to see his Chelsea soccer club win England’s FA Cup this weekend, and an associate confirmed Monday that his British visa hasn’t been renewed. An associate of Abramovich, who spoke only on condition that he...


World

The Latest: LatAm bloc decries Venezuela vote, urges action

Venezuela Presidential Election

CARACAS, Venezuela (AP) — The Latest on Venezuela’s presidential election (all times local): 8:30 a.m. A grouping of 14 countries from throughout the Americas is refusing to recognize the result of Venezuela’s disputed presidential election and urged diplomatic and financial action in response. The...


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