Business News

• Wall Street drops on trade deal delay concerns November 20, 2019
  Wall Street's main indexes were lower on Wednesday on concerns that a "phase one" trade deal between Washington and Beijing may not be completed this year, and minutes from the Federal Reserve's October policy meeting offered little help.
• 'Phase One' U.S.-China trade deal may not be completed this year: trade sources November 20, 2019
  Completion of a "phase one" U.S.-China trade deal could slide into next year, trade experts and people close to the White House said, as Beijing presses for more extensive tariff rollbacks, and the Trump administration counters with heightened demands of its own.
• White House Deputy Press Secretary: progress being made on China phase-one deal text - Fox November 20, 2019
  White House Deputy Press Secretary Judd Deere has said that talks with China are continuing and that there is progress on the text of a phase-one trade deal, Fox News reported on Wednesday.
• Mitsubishi Heavy Industries rethinking Spacejet delivery schedule: CEO November 20, 2019
  Mitsubishi Heavy Industries Ltd is rethinking the timetable for Japan's first new commercial aircraft in 50 years and cannot commit to its target of making initial deliveries by mid-2020, the company's chief executive said on Wednesday.
• Some Huawei suppliers get U.S. approval to restart sales to blacklisted firm November 20, 2019
  The Trump Administration on Wednesday gave Huawei its second reprieve this week, allowing some suppliers to the Chinese telecoms giant to restart sales to it after it was placed on a trade black list over national security concerns six months ago.
• U.S. regulator proposes splitting auto safety spectrum to boost Wi-Fi November 20, 2019
  A little-used block of spectrum set aside for auto safety should be split to accommodate the rapidly growing number of wireless devices, the chairman of the U.S. telecoms regulator said on Wednesday, a plan that sets up a clash between two major industries.
• Trade commission finds Chinese aluminum wire, cable export harms U.S. industry November 20, 2019
  The U.S. International Trade Commission (ITC) on Wednesday said it had determined that U.S. industry was materially injured by below-cost imports of aluminum wire and cable from China, locking in U.S. antidumping and countervailing duties.
• Daimler's electric Mercedes-Benz SUV to make U.S. debut at $67,900 November 20, 2019
  Daimler will begin selling its electric Mercedes-Benz EQC in the United States early next year at a starting price of $67,900, the German carmaker said on Wednesday.
• Fed minutes show rates on hold; not clear what would change that November 20, 2019
  An increasingly divided Federal Reserve that decided to hit pause in its easing cycle following a rate cut at its October meeting offered little guidance on what would cause policymakers to change their minds on the outlook, minutes of the central bank's last policy meeting showed.
• U.S. healthcare shares pick up steam as some political worries abate November 20, 2019
  U.S. healthcare stocks, led by health insurers, have gained strength in recent weeks, buoyed by solid third-quarter earnings and investor comfort that political risks to the sector have eased. Wednesday's Democratic presidential debate could test their momentum.