Business & Finance News
BERKELEY HEIGHTS, N.J. (Reuters) – President Donald Trump lashed out at OPEC with a warning to stop manipulating oil markets and piled pressure on U.S. ally Saudi Arabia to raise supplies to compensate for lower exports from Iran.
WASHINGTON (Reuters) – The U.S. Chamber of Commerce, the nation’s largest business group and customarily a close ally of President Donald Trump’s Republican Party, is launching a campaign on Monday to oppose Trump’s trade tariff policies.
LONDON (Reuters) – A renewed slide in Chinese shares and a sobering set of factory surveys sucked world shares lower on Monday, while European markets and the Mexican peso were both jolted by political developments at home.
BRUSSELS (Reuters) – The European Union has warned the United States that imposing import tariffs on cars and car parts would harm its own automotive industry and likely lead to counter-measures by its trading partners on $294 billion of U.S. exports.
LONDON (Reuters) – Oil prices fell on Monday as supplies from Saudi Arabia and Russia rose while economic growth stumbled in Asia amid an escalating trade dispute with the United States.
PARIS (Reuters) – Airbus shares fell on Monday after Bloomberg News reported that the European planemaker would miss its delivery target for Pratt & Whitney-powered A320neo narrow-body jets this year.
SINGAPORE (Reuters) – Oil prices fell on Monday as supplies from Saudi Arabia and Russia rose, and as signs of an economic slowdown in Asia dented the outlook for demand.
SYDNEY (Reuters) – A renewed slide in Chinese shares and a sobering set of factory surveys sucked Asian markets lower on Monday, while the euro and the Mexican peso were both jolted by political developments at home.
OSAKA (Reuters) – Panasonic Corp would consider further investment in Tesla Inc’s so-called Gigafactory if requested by the U.S. electric vehicle maker, an executive at the Japanese conglomerate said on Monday.
LONDON (Reuters) – Investors have sharply increased their use of hedging strategies, signaling concerns that the intensifying trade battle between the United States and China might hit economies from Germany to South Korea.
TOKYO (Reuters) – Business confidence among Japan’s big manufacturers worsened for a second straight quarter in the three months to June, a Bank of Japan survey showed, with the outlook clouded by U.S. trade protectionism and rising input costs.
TOKYO (Reuters) – Nissan Motor has canceled a potential $1 billion sale of its electric car battery unit to China’s GSR Capital, opening the door to other likely suitors keen on a component that is vital for the booming electric vehicles industry.
OSAKA (Reuters) – Japan’s Panasonic Corp would consider additional investment in Tesla Inc’s automotive battery plant in the U.S. state of Nevada if requested by the U.S. electric car manufacturer, an executive said on Monday.
SEOUL (Reuters) – Hyundai Motor cautioned the U.S. administration that imposing up to 25 percent tariffs on imported vehicles from South Korea would hurt a security alliance between the two countries over North Korea’s nuclear ambitions.
SYDNEY (Reuters) – Asian share markets were burdened by fresh losses in China on Monday, while Mexico’s peso firmed as exit polls pointed to a decisive victory for presidential front-runner Andres Manuel Lopez Obrador’s party.
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