Trump says U.S., Chinese teams to restart trade talks ahead of G20

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Reuters.com Newsletter

Trump says U.S., Chinese teams to restart trade talks ahead of G20

U.S. President Donald Trump said on Tuesday he had spoken to Chinese President Xi Jinping and that the two leaders' teams would restart trade talks after a long lull in order to prepare for a meeting at the G20 summit later this month.

Comcast partners with Charter, Cox to advance targeted advertising

U.S. cable provider Comcast Corp on Tuesday launched a program to further develop an advertising strategy that better targets audiences, as the TV industry looks to lure more advertisers away from digital players like Facebook Inc and Alphabet Inc's Google.

Oil climbs over $1/bbl on U.S.-China trade deal hopes, Mideast tension

Oil prices rose more than $1 a barrel on Tuesday after news that China and the United States were resuming trade talks ahead of a meeting at the G20 summit later this month, spurring hopes that the two countries would resolve an ongoing trade war.

Wall Street nears record as mood on trade again turns optimistic

Wall Street surged on Tuesday and the S&P 500 approached a record high after Washington rekindled trade talks with Beijing, boosting sentiment along with growing investor confidence that the Fed will cut interest rates this year.

Facebook reveals Libra cryptocurrency, sparking new privacy concerns

Facebook Inc announced ambitious plans on Tuesday to launch a new global cryptocurrency called Libra, part of an effort to expand into digital payments that immediately raised privacy concerns.

U.S. lawmaker calls for hearing into Facebook's cryptocurrency

A senior Republican lawmaker wants Congress to promptly examine Facebook Inc's decision to launch its own cryptocurrency.

Photoshop maker Adobe beats revenue, profit estimates

Adobe Inc beat analysts' estimates for quarterly profit and revenue on Tuesday, driven by growth in its digital media business that houses its flagship product Creative Cloud.

White House considered demoting Fed's Powell: report

Lawyers at the White House earlier this year explored the legality of stripping Jerome Powell of his Federal Reserve chairmanship and demoting him to be just one of as many as seven governors of the U.S. central bank, according to a report from Bloomberg News published on Tuesday.

Global stocks lifted by hopes for monetary policy, U.S.-China trade

Global stocks rallied on Tuesday and benchmark government bond yields tumbled after European Central Bank President Mario Draghi hinted at economic stimulus, with equities getting an extra boost from confirmation that U.S. President Donald Trump would meet China's president to talk about trade.

Barrick CEO believes Acacia offer is fair after extending bid deadline

Barrick Gold Corp, the world's No. 2 gold miner, believes its proposed offer to take full control of its African unit is "more than fair" and will engage with Acacia Mining Plc's board and minority shareholders to win them over, Chief Executive Mark Bristow told Reuters on Tuesday.

Germany to buy three new Bombardier jets

Germany's government will buy three new Bombardier jets this year, RND newspapers reported on Tuesday, adding that the deal would have a volume of 240 million euros ($268.51 million).

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