Washington

China’s economic growth misses forecasts in third quarter

China’s economic growth misses forecasts in third quarter

Oct 18, 2019 — 1.39pmShenzhen | China’s economy grew at a weaker-than-expected 6 per cent in the third quarter as Donald Trump’s trade tariffs and weaker consumer spending had GDP coming in at the bottom end of the government’s target and a fresh 30-year low.While still the envy of Australia and most Western economies, China’s…


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Plant-based sales surge to $4.5 billion | 2019-07-16 – Food Business News

WASHINGTON — New data released by The Good Food Institute (G.F.I.) and the Plant-Based Foods Association (P.B.F.A.) show plant-based foods sales significantly outpaced overall grocery sales last year. U.S. retail sales of plant-based foods grew 11% — five times more than total food sales — bringing the total plant-based market to $4.5 billion. The leading…



EchoStar selling broadcast business, including nine satellites, to Dish for $800 million – SpaceNews

EchoStar selling broadcast business, including nine satellites, to Dish for $800 million – SpaceNews

by Caleb Henry — May 20, 2019 Dish Networks’ purchase of EchoStar’s broadcast satellite services business includes the EchoStar-23 satellite and eight other spacecraft. Credit: Maxar Technologies WASHINGTON — EchoStar Corp. on May 20 agreed to sell its waning broadcast satellite services business to Dish Networks for $800 million, reshaping EchoStar as a company whose…



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Trump’s top trade negotiator confirms the China tariffs will increase on Friday, accuses Beijing of walking back on trade deal

US Trade Representative Robert Lighthizer confirmed US tariffs on $200 billion worth of Chinese goods would increase on Friday at 12:01 a.m. ET. The confirmation comes after President Donald Trump tweeted a threat to escalate the trade war. Lighthizer and US Treasury Secretary Steve Mnuchin told reporters the increase was in response to China’s sudden…


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Treasury Secretary Mnuchin officially refuses to give Trump’s tax returns to Democrats, setting up high-stakes showdown

Treasury Secretary Steven Mnuchin denied House Democrats’ requests for President Donald Trump’s tax returns. Mnuchin said the request for the president’s tax returns “lacks a legitimate legislative purpose.” Democrats on the House Ways and Means Committee will now be tasked with sending a subpoena, which could develop into a lawsuit if the Trump administration continues…


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Federal Reserve holds interest rate again, reiterates patience on future path

Federal Reserve officials left their main interest rate unchanged and continued to pledge patience as they grappled with conflicting currents in the U.S. economy.Central bankers, who’ve been slammed by President Donald Trump for not doing more to support the economy, took note of livelier growth while acknowledging weak inflation.The committee repeated language from its previous…



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Bank of Canada’s Stephen Poloz reinforces perception rates are on hold

Bank of Canada Governor Stephen Poloz indicated he’s all but abandoned any bias for higher interest rates, saying officials are simply focused on keeping policy aligned with current economic conditions.Asked at a press briefing Saturday in Washington whether he’s done with hiking, Poloz said: “That’s a very data dependent question.” He also dismissed the idea…