Business & Finance News
WASHINGTON/BRUSSELS (Reuters) – Canada and Mexico retaliated with levies on billions of dollars of U.S. goods from orange juice to pork and the European Union was set to tax bourbon whiskey and Harley motorcycles after Washington risked a global trade war by imposing steel and aluminum tariffs.
FRANKFURT (Reuters) – Deutsche Bank has made good progress in its efforts to address regulatory concerns, a person familiar with the thinking of the European Central Bank said on Friday after Standard & Poor’s downgraded its rating on the German bank.
SYDNEY (Reuters) – As more countries look to privatize airports two conflicting narratives have taken wing: airlines point to Australia’s big city airports as a cautionary tale of light regulation, while airports say they’ve found a winning formula for governments, investors and passengers.
PUTEAUX, France (Reuters) – Billionaire Vincent Bollore said on Friday that Vivendi , the media group he controls, will keep its investments in Italy, following several setbacks it had experienced in the country.
LONDON (Reuters) – World stocks rose and bond yields fell on Friday as investors welcomed an apparent end to a political crisis in Italy, although prospects of a full-blown trade war put a dampener on gains.
BEIJING (Reuters) – China’s foreign ministry said on Friday all countries should protect the normal trade order, when asked about United States’ decision to impose tariffs on steel and aluminum exports from the European Union, Canada and Mexico.
SYDNEY (Reuters) – Australia is preparing criminal cartel charges against the country’s third-biggest bank and underwriters Deutsche Bank and Citigroup over a $2.3 billion share issue, in an unprecedented move with potential implications for global capital markets.
BEIJING (Reuters) – Factory growth in Asia’s major manufacturing hubs showed signs of cooling last month as they braced for a rocky ride from rising global trade tensions, while the region’s key emerging markets grappled with accelerating inflation and a strong dollar.
BALOCCO, Italy (Reuters) – Fiat Chrysler boss Sergio Marchionne is expected to show on Friday how the carmaker plans to fix lagging margins in Europe, grow Jeep into a global giant and catch up in electric and self-driving cars – all without him in the driving seat.
(Reuters) – ICICI Bank Ltd said on Friday Chief Executive Officer Chanda Kochhar is on planned annual leave and denied a media report that she was asked to go on leave until an independent board enquiry is concluded.
TOKYO (Reuters) – Asian equities recovered from early weakness on Friday as a lower yen supported Japanese stocks and firm exports boosted South Korean markets. Still, rekindled concerns about U.S. trade policies limited regional gains.
WASHINGTON (Reuters) – U.S. job growth likely accelerated in May as warmer weather boosted hiring at construction sites, but wage gains are expected to have remained marginal, pointing to moderate inflation pressures in the economy.
(Reuters) – Airbus faces an unprecedented challenge in ramping up production to meet 2018 delivery targets following engine delays, and must eventually overhaul a manufacturing system that belongs to a “bygone age,” the jetmaker’s new president told staff on Friday.
TOKYO (Reuters) – Asian equities shook off earlier weakness on Friday, as a softer yen supported Japanese stocks and firm export data drove South Korean markets higher, although rekindled concerns about U.S. protectionist trade policies limited gains.
(Reuters) – Airbus faces an unprecedented challenge in ramping up production to meet 2018 delivery targets following engine delays and must eventually overhaul an outdated manufacturing system, the planemaker’s new president told staff on Friday.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
