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Home2019June

Month: June 2019

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Business News

Effusive Trump promises Britain a “phenomenal” post-Brexit trade deal

June 4, 2019 admin Comments Off on Effusive Trump promises Britain a “phenomenal” post-Brexit trade deal

U.S. President Donald Trump on Tuesday promised Britain a “phenomenal” post-Brexit trade deal, dismissed differences over China’s Huawei and glossed over other disagreements as he heaped praise on the United States’ closest ally.

…read more […]

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Business News

There is no choice but to spend more on defense, Trump tells NATO allies

June 4, 2019 admin Comments Off on There is no choice but to spend more on defense, Trump tells NATO allies

U.S. President Donald Trump said NATO allies had no choice but to increase their military spending, repeating his demand that all those in the alliance meet the target of spending 2% of GDP a year on defense.

…read more […]

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Business News

Thousands protest against Trump in London but fewer than last year

June 4, 2019 admin Comments Off on Thousands protest against Trump in London but fewer than last year

Thousands of people protested in central London on Tuesday against U.S. President Donald Trump’s pomp-laden state visit to Britain, but numbers were well down on the tens of thousands who gathered to oppose his visit last year.

…read more […]

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Business News

Trump snubs UK Labour leader, calls him a “negative force”

June 4, 2019 admin Comments Off on Trump snubs UK Labour leader, calls him a “negative force”

U.S. President Donald Trump said on Tuesday he had decided not to meet opposition Labour leader Jeremy Corbyn on his trip to Britain, describing him as a “negative force”.

…read more […]

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UK’s May hasn’t got credit she deserves on Brexit deal: Trump

June 4, 2019 admin Comments Off on UK’s May hasn’t got credit she deserves on Brexit deal: Trump

British Prime Minister Theresa May probably has not got the credit she deserved for negotiating a Brexit deal with the European Union, U.S. President Donald Trump said on Tuesday, after May joked about Trump’s advice on the topic.

…read more […]

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Business News

Wall Street gains on rate-cut hopes; tech leads rebound

June 4, 2019 admin Comments Off on Wall Street gains on rate-cut hopes; tech leads rebound

U.S. stocks rose on Tuesday, led by a rebound in the battered technology sector, as Federal Reserve Chair Jerome Powell’s said the central bank would act “as appropriate” to trade war risks, leaving the door open for a possible rate cut.

…read more […]

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U.S. manufacturing struggling as orders, shipments decline

June 4, 2019 admin Comments Off on U.S. manufacturing struggling as orders, shipments decline

New orders for U.S.-made goods fell in April and shipments dropped by the most in two years, indicating continued weakness in manufacturing activity that could undercut the broader economy.

…read more […]

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Instant View – Fed will respond ‘as appropriate’ to risks like trade war: Powell

June 4, 2019 admin Comments Off on Instant View – Fed will respond ‘as appropriate’ to risks like trade war: Powell

The Federal Reserve will respond “as appropriate” to the risks posed by a global trade war and other recent developments, Fed Chairman Jerome Powell said on Tuesday in remarks that seemed to open the door to the possibility of a rate cut.

…read more […]

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U.S. factory orders fall; shipments post largest drop in two years

June 4, 2019 admin Comments Off on U.S. factory orders fall; shipments post largest drop in two years

New orders for U.S.-made goods fell in April and shipments dropped by the most in two years, indicating continued weakness in manufacturing activity that could undercut the broader economy.

…read more […]

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Business News

Powell: Fed will act ‘as appropriate’ in face of trade, other risks

June 4, 2019 admin Comments Off on Powell: Fed will act ‘as appropriate’ in face of trade, other risks

The Federal Reserve will respond “as appropriate” to the risks posed by a global trade war and other recent developments, Fed Chairman Jerome Powell said on Tuesday in remarks that seemed to open the door to the possibility of a rate cut.

…read more […]

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Business News

Pernod confident on Asia, Jacob’s Creek selling well in China

June 4, 2019 admin Comments Off on Pernod confident on Asia, Jacob’s Creek selling well in China

Drinks group Pernod Ricard, which is being targeted by activist investor Elliot, sounded confident on Tuesday over its growth prospects in Asia including for wines such as its Jacob’s Creek brand.

…read more […]

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FCA-Renault tie-up clears French hurdles before board meeting: sources

June 4, 2019 admin Comments Off on FCA-Renault tie-up clears French hurdles before board meeting: sources

Fiat Chrysler has resolved key differences with France over its proposed merger with Renault, three sources told Reuters on Tuesday, as the French carmaker’s board met to review the $35 billion tie-up plan.

…read more […]

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Wall St. opens higher on rate cut hopes

June 4, 2019 admin Comments Off on Wall St. opens higher on rate cut hopes

U.S. stocks opened higher on Tuesday after a senior Federal Reserve official pointed the way to a cut in interest rates in response to slowing economic growth.

…read more […]

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Business News

Uber says IRS probing its 2013-14 tax returns

June 4, 2019 admin Comments Off on Uber says IRS probing its 2013-14 tax returns

The U.S. Internal Revenue Service is auditing Uber Technologies Inc’s taxes for 2013 and 2014 and the ride-hailing company expects unrecognized tax benefits to be reduced within the next year by at least $141 million.

…read more […]

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Apple CEO says U.S. scrutiny ‘fair,’ but rejects idea company is a monopoly

June 4, 2019 admin Comments Off on Apple CEO says U.S. scrutiny ‘fair,’ but rejects idea company is a monopoly

Apple Inc Chief Executive Tim Cook denied that the company is a monopoly as the U.S. government gears up for a potentially unprecedented probe into whether the iPhone maker and other technology giants are misusing their massive market power.

…read more […]

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