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- Reurers-Business 10:34August 22, 2019Asia shares slip, long for clarity on Fed policyAsian shares drifted off on Thursday as uncertainty over the outlook for both U.S. interest rates and the chance of global fiscal stimulus sucked the life out of markets.
< businessNews > - Reurers-Business 10:30August 22, 2019China says it hopes U.S. stops wrong tariff action, vows to retaliateChina hopes the United States will stop its wrong tariff action, the commerce ministry said on Thursday, adding that any new tariffs would lead to escalation, despite delays in implementing the levies.
< businessNews > - Reurers-Business 10:12August 22, 2019Swiss telco Sunrise fights to save $6.4 billion Liberty dealSwiss telecoms firm Sunrise Communications on Thursday stepped up efforts to rescue its takeover of Liberty Global's Swiss unit amid criticism from its top shareholder, saying it had found new synergies and could cut a planned rights issue to fund the deal.
< businessNews > - Reurers-Business 10:09August 22, 2019Denmark's Novo Nordisk files lawsuit against Mylan over patentNovo Nordisk said on Thursday it has filed litigation in a Delaware district court against Mylan aimed at blocking its attempt to market a generic version of the Danish insulin maker's drug Victoza.
< businessNews > - Reurers-Business 09:56August 22, 2019Oil prices fall on economic worries after U.S. fuel stocks climbOil prices dipped on Thursday, paring earlier gains, weighed down by worries about the global economy and bigger-than-expected builds in oil product inventories in the United States, the world's biggest oil consumer.
< businessNews > - Reurers-Business 08:47August 22, 2019Swiss telecom Sunrise touts $6.4 billion UPC deal, blasts shareholder as 'self-serving'Swiss telecommunications company Sunrise Communications on Thursday escalated its defence of its planned takeover of Liberty Global's Swiss unit UPC, touting additional synergies and blasting a shareholder that is fighting the deal.
< businessNews > - Reurers-Business 07:55August 22, 2019Oil dips amid economic concerns after U.S. fuel stocks buildOil prices slipped on Thursday, paring earlier gains, weighed down by lingering worries about the global economy and bigger-than-expected builds in oil product inventories in the United States, the world's biggest oil consumer.
< businessNews > - Reurers-Business 06:31August 22, 2019Asia shares sit still, await clarity on Fed policyAsian shares went flat on Thursday as uncertainty over the outlook for both U.S. interest rates and the chance of global fiscal stimulus sucked the life out of markets.
< businessNews > - Reurers-Business 06:01August 22, 2019Oil inches higher after U.S. crude stocks drawdown, economic worries weighOil prices edged higher on Thursday after a drawdown in U.S. crude inventories, but lingering concerns over the global economy and a build-up in U.S. refined product stocks kept a lid on gains.
< businessNews > - Reurers-Business 05:26August 22, 2019Exclusive: Daimler to make Mercedes Benz-branded heavy trucks in China: sourcesGerman auto maker Daimler AG plans to build Mercedes Benz-branded heavy trucks in China by revamping truck plants owned by its local joint venture, according to a document seen by Reuters and two sources familiar with the matter.
< businessNews > - Reurers-Business 05:13August 22, 2019U.S. judge confirms Citgo directors appointed by Venezuelan congressThe Citgo Petroleum board of directors appointed by Venezuela's opposition congress chief was confirmed by a U.S. judge on Wednesday, ending a challenge by former directors loyal to Venezuelan President Nicolas Maduro.
< businessNews > - Reurers-Business 04:27August 22, 2019Farmer's threat prompts U.S. Agriculture Department to pull staff from crop tourThe U.S. Agriculture Department said on Wednesday it had pulled all staff from an annual crop tour after an employee was threatened, and three sources said the threat of violence was made during a phone call from an angry farmer.
< businessNews > - Reurers-Business 04:23August 22, 2019Oil prices rise after U.S. crude stocks drawOil prices rose on Thursday following a drawdown in U.S. crude inventories, but gains in fuel inventories and persistent concerns over the global economy and future demand outlook capped gains.
< businessNews > - Reurers-Business 04:19August 22, 2019Japan says gaps remain with U.S. on trade after 'very tough' talksJapanese Economy Minister Toshimitsu Motegi said on Wednesday there were still gaps that needed to be filled before Tokyo and Washington could agree on a bilateral trade deal and that negotiations with his U.S. counterpart were "very tough."
< businessNews > - Reurers-Business 03:58August 22, 2019Trump attacks Ford Motor for not backing fuel economy rollbackU.S. President Donald Trump stepped up a series of attacks on automakers on Wednesday for not backing his administration's plan to roll back Obama-era fuel efficiency rules, singling out Ford Motor Co in particular for backing a deal with California for stricter fuel economy standards.
< businessNews > - Reurers-Business 03:29August 22, 2019Asia shares find support, still waiting on stimulusAsian shares edged ahead on Thursday after Wall Street got a boost from strong retail results, while bonds retreated as U.S. policy makers sounded conflicted on whether to cut interest rates as sharply as markets were wagering.
< businessNews > - Reurers-Business 02:10August 22, 2019Over Fed minutes, a Trump-shaped shadowThe one thing Federal Reserve officials were in broad agreement about at their last meeting was this: to not tip their hands about what happens next.
< businessNews > - Reurers-Business 01:35August 22, 2019Nordstrom beats profit estimates as it clears inventory faster and sells more onlineUpscale U.S. retailer Nordstrom Inc reported a better-than-expected quarterly profit on Wednesday as it said it had cut costs and cleared more inventory, sending its shares up 10% in extended trading.
< businessNews > - Reurers-Business 00:25August 22, 2019U.S. lawmakers say tariffs on EU olive oil pit Trump trade policy against demandU.S. lawmakers on Wednesday urged the U.S. Trade Representative's Office not to impose new import tariffs on European olive oil, warning they could lead to an olive oil shortage and higher prices in the United States.
< businessNews > - Reurers-Business 00:16August 22, 2019Boeing awarded $999 million contract for A-10 wing replacements: PentagonBoeing has been awarded a $999 million defense contract to replace the wings on A-10 close air support aircraft, the Pentagon said on Wednesday.
< businessNews > - Reurers-Business 23:57August 21, 2019Farmer's threat prompts USDA to pull staff from crop tourThe U.S. Agriculture Department said on Wednesday it had pulled all staff from an annual crop tour after an employee was threatened, and three sources said the threat came over the phone from an angry farmer.
< businessNews > - Reurers-Business 23:54August 21, 2019Stocks rise with focus on stimulus; U.S. yield curve briefly invertsA global equities gauge rose on Wednesday for a third day in four as bets on more economic stimulus overcame, for now, worries over the rising prospect of a global recession.
< businessNews > - Reurers-Business 23:50August 21, 2019Nordstrom misses quarterly revenue estimatesDepartment store chain Nordstrom Inc reported quarterly sales below analysts' expectations on Wednesday, as the upscale retailer struggled to attract shoppers to both its full-price and off-price stores.
< businessNews > - Reurers-Business 23:42August 21, 2019Fannie Mae names former FDIC chair Sheila Bair to boardU.S. mortgage financing agency Fannie Mae said on Wednesday it named former Federal Deposit Insurance Corp chair Sheila Bair to its board.
< businessNews > - Reurers-Business 23:36August 21, 2019Fed was divided on rate cut, wanted to avoid appearing on path for more cutsFederal Reserve policymakers were deeply divided over whether to cut interest rates last month but were united in wanting to signal they were not on a preset path to more cuts, a message not likely to sit well with U.S. President Donald Trump.
< businessNews > - Reurers-Business 23:36August 21, 2019Nordstrom profit beats estimates, shares surge 13%Upscale retailer Nordstrom Inc reported a better-than-expected quarterly profit on Wednesday, as its focus on online business helped offset weaker sales in its brick-and-mortar stores, sending its shares up 13% in extended trading.
< businessNews > - Reurers-Business 23:27August 21, 2019Wall Street rises as Target, Lowe's results point to consumer confidenceWall Street's main indexes rose on Wednesday as upbeat earnings from retailers pointed to strength in U.S. consumer demand, and held gains after minutes from last month's Federal Reserve meeting showed policymakers had debated a more aggressive interest rate cut.
< businessNews > - Reurers-Business 23:26August 21, 2019San Francisco crowdfunder Kiva sets up Sierra Leone credit databaseKiva, a San Francisco-based tech charity, is using blockchain to create an online ID database in Sierra Leone allowing people who struggle to get loans to prove their credit history.
< businessNews > - Reurers-Business 23:17August 21, 2019Nordstrom misses quarterly sales estimatesDepartment store chain Nordstrom Inc reported quarterly sales below analysts' expectations on Wednesday, as the upscale retailer struggled to attract shoppers to both its full-price and off-price stores.
< businessNews > - Reurers-Business 23:14August 21, 2019E-cigarette firms probed over health concerns by U.S. House panelThe U.S. House Energy and Commerce said on Wednesday it is launching a probe into the four dominant e-cigarette manufacturers, seeking information on the firms' research into the public health impacts, marketing practices and promotion of their use by adolescents.
< businessNews > - Reurers-Business 23:10August 21, 2019Illinois corn yields seen below average but improve as tour scouts go WestCorn farmers in west-central Illinois are facing potentially smaller corn yields this fall in what has been a challenging growing season after extreme weather and heavy rains delayed plantings across much of the U.S. Midwest, scouts on an annual tour said on Wednesday.
< businessNews > - Reurers-Business 23:04August 21, 2019Wall Street gains after upbeat retail earningsWall Street's main indexes rose on Wednesday as upbeat earnings from retailers pointed to strength in U.S. consumer demand and held their gains after minutes from the Federal Reserve's meeting last month showed that policymakers had debated a more aggressive rate cut.
< businessNews > - Reurers-Business 23:02August 21, 2019U.S. farmers, lawmakers dial up pressure on Trump over biofuel policyThe agriculture and biofuel industries and their allies in the U.S. Congress ramped up pressure on the Trump administration on Wednesday over the relief he has given oil refiners from rules requiring use of biofuels.
< businessNews > - Reurers-Business 22:58August 21, 2019AMS clear to make takeover bid for Osram in potential bidding warAustrian sensor maker AMS will go ahead with a takeover bid for Osram that values the German lighting group at 4.3 billion euros ($4.8 billion), it said on Wednesday, setting the stage for a potential bidding war.
< businessNews > - Reurers-Business 22:57August 21, 2019India needs to reduce ecommerce restrictions to revive economy: Amazon executiveIndia needs to encourage ecommerce and reduce red tape to help small businesses sell online and export goods to help revive sagging domestic economic growth, a senior Amazon.com executive said on Wednesday.
< businessNews > - Reurers-Business 22:56August 21, 2019House panel opens probe into e-cigarette firmsThe U.S. House Energy and Commerce said on Wednesday it is launching a probe into the four dominant e-cigarette manufacturers, seeking information on the firms' research into the public health impacts, marketing practices and promotion of their use by adolescents.
< businessNews > - Reurers-Business 22:26August 21, 2019Stocks rise with focus on stimulus; U.S. yield curve flatA global equities gauge rose on Wednesday for a third day in four as bets on more economic stimulus overcame, for now, worries over the rising prospect of a global recession.
< businessNews > - Reurers-Business 22:03August 21, 2019Mexico and U.S. reach deal to end tomato tariff disputeMexican tomato producers struck a last-minute agreement with the Trump administration to avert an anti-dumping investigation and end a tariff dispute that has rumbled on for months, government officials said on Wednesday.
< businessNews > - Reurers-Business 21:55August 21, 2019First-time U.S. home buyers face supply struggle as rates fallMortgage rates are at a three-year low and housing price appreciation has cooled, but many Americans seeking to buy their first home are facing tough times.
< businessNews > - Reurers-Business 21:37August 21, 2019Target, Lowe's results boost Wall Street; stocks hold gains after Fed minutesWall Street's main indexes rose on Wednesday as upbeat earnings from retailers pointed to strength in U.S. consumer demand, and stocks held gains after minutes from the Federal Reserve's meeting last month showed that policymakers had debated a more aggressive rate cut.
< businessNews > - Reurers-Business 21:32August 21, 2019Trade woes are slowing U.S. economy, U.S. budget experts sayHigher trade barriers, including President Donald Trump's tariffs, are slowing the U.S. economy and cutting household income, congressional budget experts warned on Wednesday, as Trump heads toward a 2020 election showdown with Democrats.
< businessNews > - Reurers-Business 21:24August 21, 2019Instant View: July FOMC minutes - 25 basis points cut seen as a mid-cycle adjustmentThe Federal Reserve debated cutting interest rates more aggressively at its July meeting, although central bankers were united in wanting to avoid the appearance of being on a path to more rate cuts, minutes showed.
< businessNews > - Reurers-Business 21:17August 21, 2019Dozens of Airbus A380s face urgent checks after cracked part dug from iceInvestigators probing an engine explosion on an Air France A380 in 2017 are studying a possible manufacturing flaw in a recently salvaged cracked part in a move likely to trigger urgent checks on dozens of Airbus superjumbos, people familiar with the matter said.
< businessNews > - Reurers-Business 21:07August 21, 2019Trump: 'I am the chosen one' to take on China over tradeU.S. President Donald Trump on Wednesday said he was "the chosen one" to address trade imbalances with China, even as congressional researchers warned that his tariffs would reduce U.S. economic output by 0.3% in 2020.
< businessNews > - Reurers-Business 21:04August 21, 2019Fed debated bigger rate cut, wanted to avoid appearing on path for more cutsThe Federal Reserve debated cutting interest rates more aggressively at its last meeting, although central bankers were united in wanting to avoid the appearance of being on a path to more rate cuts, records from the meeting showed.
< businessNews > - Reurers-Business 21:03August 21, 2019Target, Lowe's earnings push Wall Street higher ahead of Fed minutesWall Street's main indexes rose about 1% on Wednesday, as upbeat earnings from retailers Lowe's and Target reinforced confidence in consumer demand, while investors awaited the release of the Fed minutes for further clues on the path of interest rate cuts.
< businessNews > - Reurers-Business 20:34August 21, 2019Global stocks lead risk rally ahead of Fed minutesA global equities gauge rose on Wednesday for a third day in four as bets on more economic stimulus overcame, for now, worries over the rising prospect of a global recession.
< businessNews > - Reurers-Business 20:28August 21, 2019Ryanair fails to stop UK pilots' strike but wins case in IrelandAn Irish court granted an injunction on Wednesday to prevent Ryanair's Dublin-based pilots from going on strike, but the airline suffered a setback when a London court just hours later rejected a similar application for its British pilots.
< businessNews > - Reurers-Business 20:15August 21, 2019Boeing hiring as it targets 737 MAX flights resuming ‘early 4th quarter’Boeing Co said on Tuesday it plans to add extra staff and hire "a few hundred" temporary employees at an airport in Washington state where it is storing many grounded 737 MAX jetliners, a key step in its best-case plan for resuming deliveries to airline customers in October.
< businessNews > - Reurers-Business 19:57August 21, 2019U.S. regulator votes to propose new guidelines on shareholder advisersThe U.S. Securities and Exchange Commission on Wednesday issued new guidance that aims to clarify how investors and advisory firms that cast ballots on their behalf should vote in corporate elections on issues like pay and diversity.
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