(Reuters) – Worries over U.S. trade protectionism, this time around car imports, weighed on Wall Street’s main indexes on Thursday, overshadowing optimism that the Federal Reserve may be more tolerant of rising inflation than previously expected.
BRUSSELS (Reuters) – The European Parliament distributed on Thursday what it called a first set of written replies from Facebook to oral questions put by lawmakers to CEO Mark Zuckerberg at a meeting in Brussels on Tuesday.
MILAN (Reuters) – What do you get when luxury fashion meets sport? $10,000 sneakers.
FRANKFURT (Reuters) – Deutsche Bank is cutting more than 7,000 jobs to reduce costs and restore profitability while maintaining its international reach as its new chief executive seeks to reassure investors and clients.
LONDON (Reuters) – World shares crept higher on Thursday as cars become the latest focus of U.S. protectionism worries, while Turkey’s lira slumped back after a huge emergency interest rate hike failed to stem its problems.
FRANKFURT/BERLIN (Reuters) – Activist hedge fund Elliott said on Thursday it would step up pressure on Thyssenkrupp’s leadership to revive the German industrial conglomerate’s fortunes, confirming it had taken a stake of less than 3 percent.
MOSCOW (Reuters) – U.S. consumer goods group Procter & Gamble (P&G) will keep investing in Russian plants in 2018 and beyond, reaffirming its commitment to the market despite political risks.
LONDON (Reuters) – Food giant Nestle plans to combine its scientific research operations into a single unit in an attempt to speed up development of new products at a time when competition from smaller rivals is intensifying.
MOSCOW (Reuters) – The world’s largest consumer goods maker Procter & Gamble plans to invest a further 3 billion roubles ($48.5 million) in its Russian production facilities this year, a senior company executive overseeing the Russian market told Reuters.
BRUSSELS (Reuters) – European Commissioner for Competition Margrethe Vestager will hold a news conference on Thursday to announce an antitrust decision, which is expected to be on Gazprom .
The Trump administration has launched a national security investigation into car and truck imports that could lead to new U.S. tariffs similar to those imposed on imported steel and aluminum in March. The national security probe under Section 232 of the Trade Expansion Act of 1962 would investigate whether vehicle and parts imports were threatening the industry’s health and ability to research and develop new, advanced technologies, the Commerce Department said on Wednesday. Higher tariffs could be particularly painful for Asian automakers including Toyota Motor Corp , Nissan Motor Co , Honda Motor Co and Hyundai Motor …read more […]
FRANKFURT (Reuters) – Deutsche Bank will shrink global staff to well below 90,000 from the current 97,000, as part of a broad restructuring move to reduce costs and restore profitability, it said on Thursday.
North Korea has renewed its threat to pull out of a summit next month with President Donald Trump, saying it is just as ready to meet in a nuclear confrontation as at the negotiating table. Pyongyang’s latest salvo follows recent comments by U.S. Vice President Mike Pence suggesting the North may end up like Libya if it doesn’t move forward with denuclearization. Choe Son Hui, the vice minister of foreign affairs, was quoted Thursday by the North’s state-run news agency slamming as “ignorant” and “stupid” comments Pence made in an interview with Fox News that compared North Korea …read more […]
SHANGHAI/SINGAPORE (Reuters) – Australian airline Qantas Airways said on Thursday that it has been given more time to clarify how it refers to Chinese territories on its website, as a deadline set by Chinese authorities approaches.
NEW YORK (Reuters) – Vistra Energy Corp and Dominion Energy Inc – which serve about 5.5 million electricity customers in more than a dozen U.S. states – both say they are done building combined-cycle natural gas-fired power plants.
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