Currencies

Prospect of Trump-Xi talks raises hope for thaw in trade war

China says it is in communication with the United States amid reports of a planned meeting between President Xi Jinping and President Donald Trump next month following a dive in the U.S. stock market blamed partly on a growing trade war between the world's two largest economies.

Mnuchin says Trump respects the independence of the Fed

Treasury Secretary Steven Mnuchin says President Donald Trump respects the independence of the Federal Reserve and his recent comments were simply a reflection of the fact that he favors low interest rates.

China trade surplus with US widens to record $34.1B

China's trade surplus with the United States widened to a record $34.1 billion in September as exports to the American market rose by 13 percent over a year earlier despite a worsening tariff war.

Zimbabwe faces its worst economic crisis in a decade

As Zimbabwe plunges into its worst economic crisis in a decade, gas lines are snaking for hours, prices are spiking and residents goggle as the new government insists that the country — somehow — has risen to middle-income status.