LONDON (Reuters) - Oil prices climbed 2 percent on Wednesday as the extension of U.S.-China talks in Beijing raised hopes that the world’s two largest economies would resolve their trade standoff. FILE PHOTO: Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang province, China December 7, 2018. REUTERS/Stringer U.S. West Texas Intermediate (WTI) crude oil futures CLc1 were at $50.84 per barrel at 1220 GMT, up $1.06, or 2.13 percent, the first time this year that WTI has topped $50. International Brent crude futures LCOc1 were up $1.14, or 1.94 percent, at $59.86 per barrel. Both crude price benchmarks added to Tuesday’s 2 percent gains and have now been on the rise for eight straight days - their longest rally since June 2017. “After a dreadful December for risk markets, crude oil continues to catch a positive vibe,” said Stephen Innes at futures brokerage Oanda in Singapore, citing tensions between the superpowers … [Read more...] about Oil rises 2 percent on U.S.-China trade talk optimism
Jared Polis will face several challenges as governor of Colorado, but one of the biggest could be an economic downturn in the second half of the year, if a forecast from economist Alan Beaulieu finally proves out. Beaulieu is president of ITR Economics and a specialist in predicting economic cycles. This year, as he has done for much of the decade, Beaulieu made his first public forecast of the year in front of the Denver Chapter of the Association for Corporate Growth. “The U.S. economy and your economy in Colorado will slow down in 2019,” he told the more than 275 people attending a lunch Tuesday at the Embassy Suites in downtown Denver. The downturn will hit industrial firms, exporters and commodity producers harder than it will consumers and the businesses that supply them. And it won’t be particularly severe, but it will sting after a long stretch of growth. “Expect a slow down, but don’t expect a break down,” he said. Given what some of the … [Read more...] about Colorado will follow U.S. into economic slump in late 2019, economist predicts
LONDON (Reuters) - World stocks extended their gains to hit a near-four week high and oil prices rose on Wednesday on optimism that the United States and China may be inching toward a trade deal, soothing fears of an all-out trade war. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville Delegations from China and the U.S. ended talks that had lasted longer than expected in Beijing on Wednesday amid signs of progress on issues including purchases of U.S. farm and energy commodities and increased access to China’s markets. Officials said details would be released soon. MSCI’s all-country index .MIWD00000PUS sailed 0.5 percent higher in a fourth day of gains. Hopes for a trade deal boosted Europe's export-oriented autos and tech sectors and lifted the pan-European STOXX 600 benchmark to a three-week high. Germany's DAX .GDAXI, France's CAC 40 .FCHI and the UK's FTSE 100 .FTSE all … [Read more...] about U.S.-China trade hopes lift world stocks, oil soars
David Goricki The Detroit News Published 6:02 AM EST Jan 9, 2019 Orchard Lake — U-D Jesuit senior guard Jordan Montgomery knew the importance of getting out to a big lead after having his team was blown out over the weekend by Chicago Morgan Park. Montgomery took it upon himself to make sure it would happen, getting a pair of steals in the opening minutes to help U-D Jesuit take a 12-0 lead over Catholic League Central Division rival Orchard Lake St. Mary’s before the game was four minutes old. And U-D Jesuit — ranked No. 4 in The News' Super 20 poll — needed the great start and held on for a 69-62 victory Tuesday night. “We knew we had to come out strong, especially after our loss to Morgan Park. This time we wanted to come out and build a lead,” Montgomery said. “It was important because it builds energy and then we play better defense and hit shots.” And of his early steals, Montgomery … [Read more...] about Tuesday’s high schools: U-D Jesuit rides strong start past Orchard Lake St. Mary’s
Sections SEARCH Skip to content Skip to site index Business Subscribe Log In Log In Today’s Paper Business | U.S.-China Trade Talks End. Now High-Level Talks Can Begin. Supported by ByKeith Bradsher Jan. 9, 2019 BEIJING — Three days of trade negotiations between midlevel American and Chinese officials ended in Beijing on Wednesday afternoon with progress in identifying and narrowing the two sides’ differences but little sense of when they might reach a deal. The trade talks could help clear the way for higher-level talks later this month, when President Trump attends the World Economic Forum in Davos, Switzerland. Vice Premier Liu He, China’s economic czar, is expected to come to Washington sometime after that. A United States government official confirmed that the talks had ended but declined to elaborate. Chinese officials had no immediate comment, but the Commerce Ministry is expected to … [Read more...] about U.S.-China Trade Talks End. Now High-Level Talks Can Begin.