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Latest News

'Can I actually say something?' Unflappable expert takes on lawmakers in Trump hearing
Today, 00:27
By Patricia Zengerle and Doina Chiacu WASHINGTON (Reuters) - A British-born U.S. national security expert never lost her cool during hours parrying heated questions from the House of Representatives Intelligence Committee on Thursday, and emerged as the latest star of the congressional impeachment inquiry. Fiona Hill, who resigned in July after 2 -1/2 years as the White House’s top expert on Russia and Europe, scored point after point during ..
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Microsoft granted license to export 'mass-market' software to Huawei
Today, 00:24
By Stephen Nellis and Alexandra Alper (Reuters) - Microsoft Corp (O:MSFT) said on Thursday it had been granted a license from the U.S. government to export software to Huawei Technologies Co Ltd. "On November 20, the U.S. Department of Commerce granted Microsoft's request for a license to export mass-market software to Huawei. We appreciate the Department's action in response to our request," a Microsoft spokesman told ..
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Chinese national indicted in U.S. on economic espionage charges: Justice Dept
Today, 00:21
WASHINGTON (Reuters) - A Chinese national who worked for Monsanto (NYSE:MON) before it was purchased by Bayer AG (DE:BAYGN) was indicted on Thursday on charges of stealing trade secrets, the U.S. Justice Department said. Haitao Xiang, 42, who was employed by Monsanto from 2008 to 2017, was stopped by federal officials at a U.S. airport before he could board a flight to China carrying proprietary farming software, the department said in a ..
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U.S. States Boost Spending at Fastest Pace Since Recession
Today, 00:18
(Bloomberg) -- America’s states are increasing their spending at the fastest pace since the end of the Great Recession. Their budgets swelled by 5.9% in the 2019 fiscal year to about $2.1 trillion, the biggest annual increase since the recession ended in 2009, according to a report Thursday by the National Association of State Budget Officers. That’s up from a 3.7% pace in the year before as state officials pumped more money into transportation ..
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Forget Brexit. The U.K. Election Is About the Fate of the NHS
Today, 00:15
(Bloomberg) -- When Britons go to the polls Dec. 12, the rest of the world will view the tally as a plebiscite on the U.K.’s departure from the European Union. In the streets of London and throughout the country of 66 million, there’s something quite different on many voters’ minds: the fate of the National Health Service. The NHS is a symbol of the U.K.’s responsibility toward citizens, most of whom have never seen a hospital bill in their ..
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Copper Supply Deal Signals Tightest Market Since the Supercycle
Today, 00:12
(Bloomberg) -- Global factory output is slowing sharply and the U.S.-China trade war is casting a pall over the outlook for metals, but one area of the copper market is looking the tightest since the peak of the commodities supercycle. Under a new supply deal signed with Freeport-McMoRan Inc., major Chinese smelters have accepted the lowest processing fees to turn mined ore into finished metal seen since 2011. Back then, China’s economy was ..
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Trump Pledged to Help Small Farms. Aid Is Going to Big Ones
Today, 00:09
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here.  Donald Trump promised he would help embattled small farmers caught in the crossfire of his trade war with China. But big farms so far have been the main beneficiaries of the billions of dollars being distributed in aid payments. Half of the Trump administration’s latest trade-war bailout for farmers went to just a 10th of recipients ..
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Billion-Dollar Share Sale Threatens Rally for Meat Giant JBS
Today, 00:06
(Bloomberg) -- A plan by Brazilian development bank BNDES to sell its stake in JBS SA is tapping the brakes on the top beef supplier’s stunning rally. BNDESPar, the development bank’s investment arm, has hired banks to sell shares in a potential secondary equity offering, JBS said this week. The lender currently holds a 21.3% stake in the meatpacker that’s worth about 15.6 billion reais ($3.7 billion), according to data compiled by Bloomberg. ..
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Currency Doldrums Spur Complacency Risk That Could ‘Destroy Profits’
Today, 00:03
(Bloomberg) -- The dollar’s tightest yearly trading range in more than four decades risks lulling corporate treasurers into a dangerous state of complacency. Intercontinental Exchange Inc.’s U.S. Dollar Index is on track for its narrowest annual trading band since 1976, with its 2019 high less than 5% above its low. A JPMorgan Chase (NYSE:JPM) & Co. gauge of foreign-exchange volatility lingers near all-time low levels reached in July. The ..
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Judge rejects U.S. move to disqualify states' lawyer in T-Mobile/Sprint lawsuit
Yesterday, 23:15
By Jonathan Stempel and Diane Bartz NEW YORK/WASHINGTON (Reuters) - A federal judge on Thursday rejected a U.S. government effort to disqualify a lawyer arguing for 15 states and the District of Columbia in their effort to block T-Mobile US Inc's (O:TMUS) planned $26.5 billion takeover of Sprint Corp (N:S). U.S. Magistrate Judge Robert Lehrburger said the Department of Justice waited too long to intervene in the case to try to disqualify ..
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