You are here
Ankur Banerjee Bengaluru Editing Business Commerce Department Sycamore Partners 

Stock futures flat ahead of GDP data

June 29, 2017 By Ankur Banerjee (Reuters) – U.S. stock index futures were little changed on Thursday, a day after the benchmark S&P 500 index scored its biggest one-day percentage gain in about two months, as investors awaited GDP and jobs data. Wall Street stock rallied sharply on Wednesday as financial and technology stocks led a broad market rebound. Shares of the top six U.S. banks rose in premarket trading on Thursday, a day after the Federal Reserve approved the banks’ plans to raise dividend payouts and share buybacks under…

Read More
China Commerce Department Commerce Dept Economy Top News United States 

U.S. finds some China firms dumped hardwood plywood: Commerce Department

June 20, 2017 WASHINGTON (Reuters) – The U.S. Commerce Department said on Monday it had reached a preliminary determination that some Chinese companies are dumping hardwood plywoods in the United States, which imported an estimated $1.12 billion worth of the products from China in 2016. A Commerce Department investigation found that exporters from China had sold hardwood plywoods used for wall panels, kitchen cabinets, tabletops and flooring in the United States for as much as 114.72 percent below fair value, the department said in a statement. The department preliminarily set…

Read More

Mexico to cut share of refined sugar sent to U.S., minister says

June 6, 2017 MEXICO CITY (Reuters) – Mexico will reduce the proportion of refined sugar it can export to the United States to 30 percent under a new agreement likely to be announced later today, Mexican Economy Minister Ildefonso Guajardo said on Mexican radio on Tuesday. Currently, the proportion of refined sugar exports from total sugar exports Mexico can send to the United States is 53 percent. (Reporting by Dave Graham) Powered by WPeMatico

Read More

U.S. housing starts unexpectedly fall for second straight month

May 16, 2017 WASHINGTON – U.S. homebuilding unexpectedly fell in April amid a persistent decline in the construction of multi-family housing units and a modest rebound in single-family projects, pointing to a slowdown in the housing market recovery. Housing starts dropped 2.6 percent to a seasonally adjusted annual rate of 1.17 million units, the Commerce Department said on Tuesday. That was the lowest level since last November and followed a downwardly revised rate of 1.20 million units in March. Economists polled by Reuters had forecast groundbreaking activity rising to a…

Read More

Boeing seeks U.S. anti-dumping probe against Bombardier jet

April 28, 2017 By David Lawder and Alwyn Scott WASHINGTON/NEW YORK (Reuters) – Boeing Co on Thursday asked the U.S. Commerce Department to investigate alleged subsidies and unfair pricing for Canadian planemaker Bombardier’s new CSeries airplane, adding to growing trade tensions between the United States and Canada. The petition against Canada’s new competitor to the Boeing 737 aircraft came just days after the Commerce Department imposed duties averaging 20 percent on imports of Canadian softwood lumber, saying that the product’s origin from public land amounted to an unfair government subsidy….

Read More

Atlanta Fed raises U.S. first-quarter GDP growth view to 2.5 percent

February 27, 2017 NEW YORK (Reuters) – The U.S. economy is on track to grow at a 2.5 percent annualized pace in the first quarter following the latest data on home sales released last week, the Atlanta Federal Reserve’s GDP Now forecast model showed on Monday. The latest first-quarter gross domestic product estimate was higher than the 2.4 percent growth rate calculated on Feb. 16, the Atlanta Fed said on its website. The regional central bank said its forecast for first-quarter real residential investment growth rose to 10.8 percent from…

Read More
Facebook Auto Publish Powered By :