trade-practices

Exclusive: Pentagon, Lockheed near deal on $9 billion F-35 contract – sources

The U.S. Department of Defense and Lockheed Martin Corp are close to deal for a contract worth almost $9 billion as negotiations are poised to bring the price per F-35 below $100 million for the first time, people familiar with the talks said Wednesday. The F-35, the Pentagon's costliest arms program, has drawn fire from U.S. President-elect …

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Exclusive: Pentagon, Lockheed near deal on $9 billion F-35 contract – sources

trade-practices

China says can resolve trade disputes with new U.S. government

China and the United States can resolve any trade disputes through talks, the government said on Thursday, as a Chinese newspaper warned U.S. business could be targets for retaliation in any trade war ushered in by President-elect Donald Trump. Trump, who is sworn into office on Friday, has criticised China's trade practices and threatened to impose punitive tariffs on Chinese imports…

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China says can resolve trade disputes with new U.S. government

trade-practices

Oil tests out $50 a barrel as supply concerns resurface

Oil prices tested the $50-per-barrel mark on Thursday as production outages brought a faster-than-expected recovery to an oversupplied market many thought will stay depressed through the year. While a crude glut could grow in coming months if demand stalls, wildfires in Canada's oil sands, unrest in the Nigerian and Libyan energy sectors, and …

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Oil tests out $50 a barrel as supply concerns resurface

trade-practices

Cartel or talking shop? OPEC awaits Saudi ruling

DUBAI/LONDON (Reuters) – For those seeking guidance on Saudi Arabia's thinking regarding the future of OPEC, the last few weeks' agenda of the new Saudi energy minister, Khalid al-Falih, might offer a few clues. Unlike his predecessor Ali al-Naimi, Falih may not have much time for OPEC. For oil-price hawks such

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Cartel or talking shop? OPEC awaits Saudi ruling

trade-practices

U.S. Virgin Islands sues Takata, Honda over airbags

The U.S. territory joins Hawaii, which earlier this month sued Takata and Honda, the largest user of recalled Takata air bags linked to 13 deaths and more than 100 injuries. The Virgin Islands suit, seeking

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U.S. Virgin Islands sues Takata, Honda over airbags