Market News

U.S. sanctions on Iran threaten vital Afghanistan trade project

Global Business News Reuters - Sun, 05/20/2018 - 01:44
WASHINGTON/KABUL (Reuters) - U.S. President Donald Trump's decision to pull out of the Iran nuclear accord and re-impose sanctions on Tehran threatens to derail a project to help build Afghanistan's economy, endangering a key goal of the U.S. strategy to end America's longest war.
Categories: Global news, Market News

China agrees to import more from U.S., no sign of $200 billion figure

Global Business News Reuters - Sat, 05/19/2018 - 23:24
WASHINGTON (Reuters) - China has agreed to significantly increase its purchases of U.S. goods and services, the two countries said on Saturday, but made no mention of a $200 billion target the White House had touted earlier.
Categories: Global news, Market News

Wall Street's 'Sell in May' could be fading away

Global Business News Reuters - Sat, 05/19/2018 - 13:32
NEW YORK (Reuters) - "Sell in May and go away," arguably the most well-worn axiom on Wall Street, has proven to be shrewd advice during previous midterm election years.
Categories: Global news, Market News

U.S. gun lobby takes aim at 'gun-hating' banks Citi, BofA

Global Business News Reuters - Sat, 05/19/2018 - 10:26
WASHINGTON (Reuters) - The U.S. gun lobby is taking aim at "gun-hating" banks after Citigroup Inc and Bank of America said they would no longer provide certain banking services to gun-makers, according to industry lobbyists.
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ISS sides against two Tesla directors, backs split of Musk's roles

Global Business News Reuters - Sat, 05/19/2018 - 03:40
BOSTON (Reuters) - Proxy adviser Institutional Shareholder Services (ISS) recommended on Friday that investors vote against Tesla Inc directors Antonio Gracias and James Murdoch, increasing pressure on the car maker over their roles on its board.
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U.S., China talks focus on cutting trade gap, $200 billion target disputed

Global Business News Reuters - Fri, 05/18/2018 - 23:20
WASHINGTON/BEIJING (Reuters) - China is "meeting many" Trump administration demands to cut its trade surplus with the United States, but a definitive deal to resolve deep trade differences could take a while to develop, White House economic adviser Larry Kudlow said on Friday.
Categories: Global news, Market News

Wall Street posts weekly loss as banks, chipmakers weigh

Global Business News Reuters - Fri, 05/18/2018 - 17:43
NEW YORK (Reuters) - The S&P 500 ended lower on Friday after a choppy trading session as bank and chipmaker stocks weighed on the index and investors grappled with U.S.-China trade talks.
Categories: Global news, Market News

Campbell Soup CEO quits; company cuts forecast, to review portfolio

Global Business News Reuters - Fri, 05/18/2018 - 17:16
(Reuters) - Campbell Soup Co Chief Executive Officer Denise Morrison unexpectedly stepped down on Friday, as the company issued a bleak forecast for the year and said it would embark on a review of its many brands.
Categories: Global news, Market News

Boeing's foldable wingtip for new 777s gets approval

Global Business News Reuters - Fri, 05/18/2018 - 16:46
(Reuters) - Boeing Co on Friday won approval from the U.S. regulator Federal Aviation Administration for the company's new foldable wingtips for its latest 777 jets.
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Sanctioned Russian oligarch Vekselberg cuts Swiss stakes

Global Business News Reuters - Fri, 05/18/2018 - 16:04
ZURICH (Reuters) - Russian oligarch Viktor Vekselberg has cut his holdings in Swiss companies OC Oerlikon and Schmolz + Bickenbach after a deal with minority shareholders and managers at his holding group, one of his companies said on Friday.
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Trump urged U.S. Postal Service to double package rates for Amazon: Washington Post

Global Business News Reuters - Fri, 05/18/2018 - 15:20
WASHINGTON (Reuters) - President Donald Trump has personally pushed the postmaster general to double the rates the U.S. Postal Service charges Amazon.com and other companies to ship packages, the Washington Post reported on Friday, citing three unnamed sources.
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Fiat Chrysler shares fall on latest diesel emissions allegations

Global Business News Reuters - Fri, 05/18/2018 - 13:30
WASHINGTON (Reuters) - Fiat Chrysler Automobiles NV shares fell more than 3 percent in New York trading on Friday amid investor concern about allegations mounted in court filings over alleged excess diesel emissions.
Categories: Global news, Market News

Big Ag turns to peas to meet soaring global protein demand

Global Business News Reuters - Fri, 05/18/2018 - 11:43
(Reuters) - Cargill, the global grains trader, sees the future of protein in the humble pea.
Categories: Global news, Market News

Apple pays Ireland first tranche of disputed taxes

Global Business News Reuters - Fri, 05/18/2018 - 10:10
DUBLIN (Reuters) - Apple has paid 1.5 billion euros ($1.76 billion) into an escrow account set up by the Irish government to hold 13 billion euros in disputed taxes, Finance Minister Paschal Donohoe said on Friday.
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Airbus loses ground in bid to sell jets to United: sources

Global Business News Reuters - Fri, 05/18/2018 - 10:07
PARIS/NEW YORK (Reuters) - Airbus's hopes of winning an immediate respite from slow sales of its A330neo jetliner with an order from United Airlines are dwindling, leaving a gap in future production weeks before it is due to enter service, industry sources said on Friday.
Categories: Global news, Market News

Cambridge Analytica files for bankruptcy in U.S. following Facebook debacle

Global Business News Reuters - Fri, 05/18/2018 - 10:06
(Reuters) - Cambridge Analytica, the political consultancy at the center of Facebook Inc's privacy scandal, filed for Chapter 7 bankruptcy in the United States late on Thursday.
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Mercedes-Benz to make Tesla-rivalling electric compact car

Global Business News Reuters - Fri, 05/18/2018 - 10:04
FRANKFURT (Reuters) - Daimler will invest 500 million euros ($589 million) in Hambach, France, to start producing a small compact electric Mercedes-Benz in addition to its electric cars currently manufactured there for the Smart brand.
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Wall Street opens lower as tech stocks weigh

Global Business News Reuters - Fri, 05/18/2018 - 09:44
(Reuters) - U.S. stocks opened slightly lower on Friday due to losses in technology stocks including Applied Materials and Alphabet, while investors kept a close watch on U.S.-China trade talks.
Categories: Global news, Market News

China denies it has offered a $200 billion package to slash U.S. trade gap

Global Business News Reuters - Fri, 05/18/2018 - 09:39
BEIJING (Reuters) - China denied on Friday that it had offered a package to slash the U.S. trade deficit by up to $200 billion, hours after it dropped an anti-dumping probe into U.S. sorghum imports in a conciliatory gesture as top negotiators meet in Washington.
Categories: Global news, Market News

Campbell Soup CEO steps down abruptly, review of products planned

Global Business News Reuters - Fri, 05/18/2018 - 09:37
(Reuters) - Campbell Soup Co Chief Executive Officer Denise Morrison unexpectedly stepped down on Friday, after seven years at the helm, at the same time the company said it would embark on a review of its vast array of brands.
Categories: Global news, Market News
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