Saturday, December 14, 2019

 


Associated Press
How US-China trade deal achieved a little but left out a lot

WASHINGTON (AP) — The limited trade deal that the Trump administration and Beijing announced Friday means Americans will avoid a holiday tax increase on imported toys, clothing and smartphones. U.S. farmers can sell more soybeans and pork to China. And American companies should face less pressure to hand over trade secrets to Beijing.

But what the administration gained from the so-called Phase 1 deal that President Donald Trump celebrated falls well short of the demands the president issued when he launched a tra (full story)

 
Markets have muted reaction to long-awaited China trade deal
Wall Street closed out a listless day Friday with tiny gains and more record highs for the S&P 500 and Nasdaq. (full story)
How tramadol, touted as safer opioid, became 3rd world peril
KAPURTHALA, India (AP) — Reports rolled in with escalating urgency — pills seized by the truckload, pills swallowed by schoolchildren, pills in the pockets of dead terrorists. (full story)
The Latest: UK's Conservatives end up with majority of 80
LONDON (AP) — The Latest on Britain's Brexit election (all times local): (full story)

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Canadian Press
China welcomes preliminary deal in trade war it blames on US

BEIJING — China put a positive face Saturday on a first-step trade agreement that dials down a trade war it blames the U.S. for starting.

Chinese experts and news media joined government officials in saying the deal would reduce uncertainty for companies, at least in the short term. But they remained cautious, saying both sides will have to show a willingness to compromise to resolve the more fundamental differences between them.

“It at least stabilizes the situation and lays a foundation for the next rou (full story)

 
Santa Monica hotel built without permits can remain open
LOS ANGELES — A Santa Monica beachfront hotel built without proper permits and fined nearly $15.6 million will be allowed to remain open. (full story)
California governor rejects $13.5 billion PG&E settlement
SAN FRANCISCO — California Gov. Gavin Newsom has rejected a $13.5 billion settlement that Pacific Gas & Electric struck just last week with thousands of people who lost homes, businesses and family members in a series of dev (full story)
OSC rejects call to block HBC bid, but says circular needs to be amended
TORONTO — The Ontario Securities Commission has rejected a request by a minority shareholder to block a privatization bid for Hudson's Bay Co. (full story)

CP Headlines
 OSC rejects call to block HBC bid, but says
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 Wells Fargo to get millions for U. of Iowa
 AP FACT CHECK: Bloomberg says he's killing coal.
 General Motors to invest $1.5 billion in Missouri
 Grains mostly higher, livestock mixed.
 Teamsters say CN transferring workers across
 
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