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The Latest: Mulvaney defends Trump’s Fed comments

The Latest on rising trade tensions following comments by President Donald Trump (all times local): _____ 11:50 a.m. White House Budget Director Mick Mulvaney is defending President Donald Trump’s comment lamenting the Federal Reserve’s action to raise U.S. interest rates. Mulvaney says he’s sure most presidents have had similar thoughts about Fed actions, adding: “There’s … Continue reading The Latest: Mulvaney defends Trump’s Fed comments

WASHINGTON | Bayer to stop sales of birth control device tied to injuries

WASHINGTON — The maker of a permanent contraceptive implant subject to thousands of injury reports from women and repeated safety restrictions by regulators says it will stop selling the device in the U.S. Bayer said Friday the safety of its Essure implant has not changed and it will stop selling the device at the end … Continue reading WASHINGTON | Bayer to stop sales of birth control device tied to injuries

MOSCOW | Putin vows to hear ‘all opinions’ in pension controversy

MOSCOW — Russian President Vladimir Putin appears to trying to tamp down public distress over a proposal to raise the national retirement age, saying he will listen to “all opinions” on the matter. The lower house of parliament on Thursday passed the first reading of a law to raise the pension age for men to … Continue reading MOSCOW | Putin vows to hear ‘all opinions’ in pension controversy

Trump ups tariff threat, slams Fed, big US trading partners

President Donald Trump has indicated that he’s willing to hit every product imported from China with tariffs and again criticized the Federal Reserve, as well as some of the nation’s biggest trading partners. The comments sent U.S. markets sliding early Friday. In a taped interview with the business channel CNBC, Trump said “I’m willing to … Continue reading Trump ups tariff threat, slams Fed, big US trading partners

Trump ready to hit all Chinese imports with tariffs

President Donald Trump has indicated that he’s willing to hit every product imported from China with tariffs, sending U.S. markets sliding before the opening bell Friday. In a taped interview with the business channel CNBC, Trump said “I’m willing to go to 500,” referring roughly to the $505.5 billion in goods imported last year from … Continue reading Trump ready to hit all Chinese imports with tariffs

SINGAPORE | Stocks drop after Trump says he’s ready to step up trade war

SINGAPORE — World stock markets fell sharply Friday after U.S. President Donald Trump said he was prepared to put new tariffs on all Chinese imports, escalating the rhetoric in a trade war that could hit global economic growth. KEEPING SCORE: From being up slightly earlier in the day, European indexes were trading lower. Germany’s DAX … Continue reading SINGAPORE | Stocks drop after Trump says he’s ready to step up trade war

SINGAPORE  | World stocks mixed under pressure of more US tariffs

SINGAPORE  — World markets were mixed Friday as deliberations over more U.S. tariffs on European countries and China weighed on sentiment. KEEPING SCORE: Germany’s DAX added 0.1 percent to 12,693.80 while France’s CAC 40 dropped 0.1 percent at 5,409.22 on Friday. Britain’s FTSE 100 gained 0.2 percent to 7,700.71. U.S. indexes were poised to open … Continue reading SINGAPORE  | World stocks mixed under pressure of more US tariffs

BEIJING  | China’s yuan falls against dollar, helping exporters

BEIJING  — China’s central bank is allowing its tightly controlled currency to drift lower against the dollar, a move that could help Chinese exporters cope with U.S. tariff hikes but also might reignite an outflow of capital Beijing spent months trying to stanch. On Friday, the yuan dipped to a 12-month low of 6.8 to … Continue reading BEIJING  | China’s yuan falls against dollar, helping exporters