The Trump administration, as part of a crackdown on certain US investments made by Chinese companies, is set to snatch a majority stake in 850 Third Ave., The Post has learned. The stake is owned by HNA, the deep-in-debt Chinese conglomerate — and its US partner in the building is desperate to save it. The […]

JAKARTA  – Indonesia lobbied visiting U.S. Secretary of State Mike Pompeo to keep the Southeast Asian nation on a list of countries that receive preferential trade terms, its foreign and trade ministers said on Sunday. “President Joko Widodo has delivered Indonesia’s hope that the U.S. will maintain the country’s GSP (Generalized System of Preferences) facility,” […]

Earlier Thursday, several of Trump’s top lieutenants took to the White House briefing room to warn of the latest threat. WILKES-BARRE, Pa. — It’s still a “hoax” to President Donald Trump. Just hours after the nation’s top intelligence officials warned about Moscow’s efforts to disrupt a second consecutive American election, Trump said at a campaign rally here […]

North Korea has returned 55 boxes believed to contain the remains of US troops killed during the Korean War, but included just one military identification tag, US officials say. A forensic expert said initial tests showed the remains were “likely to be American”. The boxes are en route from South Korea to Hawaii for extensive […]

BEIJING  – German carmaker BMW (BMWG.DE) said it will raise the prices of two U.S.-made crossover sport-utility vehicles in China to cope with the additional cost of tariffs on U.S. car imports into the world’s biggest auto market. In a move due to take effect on Monday, BMW said in a statement to Reuters over […]

NEW YORK  – The ability of the U.S. stock market to keep an edge this year over equities elsewhere in the world hinges on the United States maintaining its economic and earnings growth advantage, the strength of the dollar and how global trade tensions resolve, investors said. Spurred by fiscal policy benefits including a corporate […]

Congressman Bill Huizenga has urged for the U.S. Congress to focus on crypto regulation in an interview with Bloomberg July 27. Huizenga wants to see more oversight in what he considers the “muddied and fairly opaque” initial coin offering (ICOs) and digital assets markets. Speaking in his Capitol Hill office, Huizenga argued that Congress should empower financial regulators such […]

US President Donald Trump has traded military threats and counter-threats with Iranian President Hassan Rouhani in an exchange alarmingly similar to the fiery war of words with Kim Jong-un last year. These threats of military force are strategic rather than merely random outbursts by an unpredictable and thin-skinned President. We have seen Mr Trump’s game […]

SAN FRANCISCO  – Tariffs are starting to bite big manufacturers and Wall Street could get another bout of caution and uncertainty from major industrial companies when a swath of reports comes in over the next week. Investors are worried about the impact on earnings should the United States’ trade war with China and other major […]

SYDNEY, July 16  – The dollar eased a bit against most major currencies on positive trade talks between China and the European Union although softer economic data from China and Beijing’s escalating trade war with the United States tempered the enthusiasm. Chinese Premier Li Keqiang said on Monday the country will raise its market access […]