Date: December 16, 2019 United States: Trump Trade Deal Buys Xi Time Before Next U.S.-China Battle “For Chinese President Xi Jinping, the phase-one trade deal with U.S. President Donald Trump isn’t exactly a reason to pop open the champagne. After months of arduous negotiations, false starts and dashed hopes, the agreement announced on Friday night
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December 13, 2019 November’s import prices rose 0.2%, according to the U.S. Bureau of Labor Statistics after declining 0.5% the previous month. This advance was mostly attributable to the higher prices in fuel imports which more than offset the decline in nonfuel goods. Nonetheless, export prices rose 0.2% in November relative to a 0.1% decrease
December 13, 2019 United States: Trump Signs Off on China Trade Deal to Avert December Tariffs “President Donald Trump signed off on a phase-one trade deal with China, averting the Dec. 15 introduction of a new wave of U.S. tariffs on about $160 billion of consumer goods from the Asian nation, according to people familiar
December 12, 2019 Final demand for the Producer Price Index remained unchanged in November 2019, seasonally adjusted according to U.S. Bureau of Labor Statistics. Final demand prices rose 0.4% in October and fell 0.3% in September. On an unadjusted basis, the final demand index increased 1.1% for the 12 months ended in November. The index
December 12, 2019 Brent Oil Brent oil prices increased by 1.45% or US$0.92, as prices increased this week relative to the prior week. Oil traded on December 12, 2019 at a price of US$64.31 per barrel relative to US$63.39 on December 05, 2019. Brent oil began the year at US$55.95 per barrel. Petrojam prices 87
December 12, 2019 United States: Trump Keeps China Planners Guessing on Trade War’s Next Steps “Chinese leaders who gathered in Beijing this week to chart a course for economic policy next year are used to doing so with precision, right down to the percentage point. At the confab — a byproduct of Communist central planning — President
December 11, 2019 The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3% for November 2019 after increasing in October, on a seasonally adjusted basis according to U.S. Bureau of Labor Statistics (BLS). The all items index increased 2.1% before seasonal adjustment over the last year. BLS stated, “increases in the shelter and energy
