WTO losing focus, must rethink development: U.S. trade chief

U.S. President Donald Trump’s trade chief said on Monday that the World Trade Organization is losing its focus on trade negotiations in favor of litigation and needed to rethink how it defines developing economies Setting a combative tone at the start of the WTO’s 11th ministerial meeting in Buenos Aires, U.S. Trade Representative Robert Lighthizer […]

U.S. Firms Say Sales Outlook, Not Taxes, to Drive Spending

U.S. companies expect their investment and hiring to grow at a slower pace in 2018, and only a small share say proposed tax legislation is driving their capital-spending decisions, according to a private survey. The Institute for Supply Management’s semi-annual forecast showed factory purchasing managers see capital spending rising 2.7 percent in 2018, slower than […]

EU Scolds Latin America for Stalling on Trade Deal

The European Union’s farm chief pressed Latin American countries to offer market access for EU wines, spirits, olive oil and dairy goods to help seal a free-trade agreement that has been in the works for two decades. European Agriculture Commissioner Phil Hogan said the Mercosur group of Argentina, Brazil, Paraguay and Uruguay has failed to […]

U.S. Sets January Push for $1 Trillion Infrastructure Revamp

The White House is preparing to roll out a long-delayed infrastructure rebuilding plan in January, as President Donald Trump’s advisers bet that voters want a $1 trillion road-and-bridge-building plan — even though it is opposed by some lawmakers. Mr. Trump’s advisers are putting finishing touches on a plan to direct federal spending of $200 billion […]

Hotly anticipated bitcoin futures ease off after 22 percent surge

Bitcoin futures eased back from an initial surge of almost 22 percent to trade up 13 percent on Monday, in an eagerly awaited U.S. market debut that backers hope will confer greater legitimacy on the volatile cryptocurrency and lead to its wider use. Although bitcoin futures were already offered on some unregulated cryptocurrency exchanges outside […]

Here’s what happened when bitcoin futures launched

Bitcoin futures started trading under the XBT ticker on Sunday at 23:00 GMT with the bulls firmly in charge, topping $18,000 and triggering two trading suspensions! The first contracts on the CBOE were bought at $15,000 and quickly jumped to $16,600 before falling back.The price a little later then soared to $18,220. However, the futures […]