As the government has been devising plans to keep the dollar dominant, China has been making its own moves to increase global influence of the renminbi.
Category: United States
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As Visa Policies Tighten, International Students Find Tougher Job Market
The New York Times – Business:Students say they have been passed over for jobs and interviews because of visa restrictions. Some have a Plan B: leaving the United States.
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China’s Exports and Imports Set Records in April Amid High Energy Costs
The New York Times – Business:The country’s exports surged and its trade surplus with the United States widened ahead of President Trump’s scheduled visit next week to Beijing.
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Lawsuit Accuses Lucky Strike of Building a Bowling Monopoly
The New York Times – Business:The suit, filed by bowlers from several states, accuses Lucky Strike Entertainment of driving up prices and diminishing customers’ experiences across the country.
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Trump’s Latest Tariff Setback Looms Over China Talks
The New York Times – Business:For the president, a major legal defeat could undercut his leverage as he prepares to head to Beijing next week for high-stakes trade negotiations.
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Trade Court Rules Trump’s 10% Global Tariff Is Illegal
The New York Times – Business:A panel of federal judges blocked President Trump from imposing the tariff on most imports.
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Tell Us How High Gas Prices Have Affected Your Finances
The New York Times – Business:With fuel costs soaring from the war with Iran, we want to hear how you’re feeling about the U.S. economy.
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U.S. Trade Deficit Grew in March
The New York Times – Business:Both exports and imports rose after the Supreme Court struck down many of the president’s highest levies in February.
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Spirit Airlines, a Pioneer of Low-Fare Flights, Shuts Down
The New York Times – Business:Spirit once upended the industry by offering very low fares but was in its second bankruptcy in two years after years of struggle.
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Thermos Recalls 8.2 Million Jars and Bottles After Customers Are Injured
The New York Times – Business:The company received reports that the stoppers on some of its products had “forcefully ejected,” striking customers and causing permanent vision loss in a few cases, safety regulators said.
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Spirit Airlines Prepares to Shut Down
The New York Times – Business:The low-fare airline, which has struggled for years, had been trying to secure a $500 million lifeline from the Trump administration.
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Trump’s Tariff Reversal Reopens a Major Market for Scotch Whisky
The New York Times – Business:A 10 percent tax on American imports was hurting British sales, even though exporters had increased sales in India, China and other countries.