BEIJING/SHANGHAI - China blamed U.S. export restrictions for its record trade surplus with the United States, but expressed hope that trade issues can be settled as U.S. tariffs loom.
Business & Financial News, U.S & International Breaking News
U.S. weekly jobless claims increase slightly
The number of Americans filing for unemployment benefits unexpectedly rose last week, but the increase was marginal, suggesting strong job growth in March that should underpin consumer spending.
Future of TV in balance as AT&T, Time Warner plead merger case
Fans will be glued to the "March Madness" college basketball tournament as the joint owner of rights for the games, Time Warner Inc, goes before a judge on Thursday to defend a proposed takeover by AT&T Inc.
Janus' Gross says U.S., global economies too leveraged for aggressive Fed
Investors' expectations for three or four rate hikes by the Federal Reserve in 2018 are likely overblown while a bear market in bonds will be gradual and "non-threatening," influential bond investor Bill Gross said on Thursday.
Republican concedes to Democrat in close U.S. House race in Pennsylvania
The Republican candidate in a close U.S. House of Representatives special election on March 13 in Pennsylvania conceded to his Democratic opponent on Wednesday, cementing a Democratic upset in a long-time Republican area that President Donald Trump handily won in 2016.
Best Buy cuts ties with China's Huawei: source
Best Buy Co Inc, the largest U.S. consumer electronics retailer, will cut ties with China's Huawei Technologies Co Ltd, a person familiar with the matter said, amid heightened scrutiny on Chinese tech firms in the United States.
Assad closer to Ghouta victory, as some rebels prepare to quit
The Syrian government moved closer to ending rebel resistance in eastern Ghouta as civilians streamed out of one of its besieged, bomb-battered towns on Thursday and insurgents prepared to surrender another.
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Exp: Mar 18
Exp: Apr 18
U.S. House Republicans' conservative Freedom Caucus said on Thursday it would not vote for the $1.3 trillion government spending bill before Congress, citing the measure's "massive price tag," the group said in statement.