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How ethanol plant shutdowns deepen pain for U.S. corn farmers

December 13, 2019 by  
Filed under News

When the U.S. ethanol industry was booming, Indiana farmer Paul Hodgen made good money selling about a quarter of his crop to a local facility that produced the corn-based fuel.


Source: Reuters Business News

Trump and Beijing officials agree to tariff rollbacks; no farm purchase commitment

December 13, 2019 by  
Filed under News

The United States and China cooled their trade war on Friday, announcing a “Phase one” agreement that reduces some U.S. tariffs in exchange for increased Chinese purchases of American farm goods.


Source: Reuters Business News

China to buy additional $32 billion in U.S. farm goods over two years, sign deal in January: USTR

December 13, 2019 by  
Filed under News

China has agreed to buy $32 billion of additional U.S. farm products over two years as part of a phase one trade pact, U.S. Trade Representative Robert Lighthizer told reporters on Friday, adding the deal would be signed the first week of January.


Source: Reuters Business News

Wall Street steadies as tech stocks gain on limited trade deal

December 13, 2019 by  
Filed under News

U.S. stocks gained ground in early afternoon trading on Friday after a tumultuous morning, as a limited trade deal between the United States and China paved the way for a rise in technology shares.


Source: Reuters Business News

Lackluster U.S. retail sales dim fourth quarter economic growth outlook

December 13, 2019 by  
Filed under News

U.S. retail sales increased less than expected in November as Americans cut back on discretionary spending despite a strong labor market, raising fears the economy was slowing a bit faster than anticipated in the fourth quarter.


Source: Reuters Business News

Southwest reaches partial compensation agreement with Boeing for MAX damages

December 12, 2019 by  
Filed under News

Southwest Airlines Co said on Thursday it had reached a confidential compensation agreement with Boeing Co for a portion of projected financial damages arising from the grounding of its 737 MAX aircraft.


Source: Reuters Business News

Wall Street touches record high on trade optimism

December 12, 2019 by  
Filed under News

U.S. stocks hit record highs on Thursday after President Donald Trump tweeted that Washington was “very close” to a trade deal with Beijing and on a report that U.S. trade negotiators had offered to cancel a new round of tariffs on Chinese goods.


Source: Reuters Business News

U.S. FAA says Boeing is pursuing 'unrealistic' schedule for 737 MAX return

December 12, 2019 by  
Filed under News

Federal Aviation Administration chief Steve Dickson, who will meet with Boeing Co’s chief executive later on Thursday, is concerned the U.S. airplane maker is pursuing a return-to-service schedule for the grounded 737 MAX that is “not realistic,” according to an email seen by Reuters.


Source: Reuters Business News

Oil rises 1% on Trump's optimism for a deal with China

December 12, 2019 by  
Filed under News

Oil prices rose more than 1% on Thursday after U.S. President Donald Trump said Washington was “very close” to nailing down a trade deal with China.


Source: Reuters Business News

Wall Street hits records on hopes tariffs will be dropped

December 12, 2019 by  
Filed under News

U.S. stock indexes jumped to new highs on Thursday, and Treasury yields rose, on a tweet from President Donald Trump that a trade deal with China was “very close” and a report that U.S. trade negotiators had offered to cancel a fresh round of tariffs on Chinese goods.


Source: Reuters Business News

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