Business & Finance News
LONDON (Reuters) – A worsening political crisis in Italy provoked a second day of selling on European markets, with the euro cut to an 11-month low, stocks punished and short-term borrowing costs surging for the government in Rome.
LISBON (Reuters) – Utility company EDP may balk at the meager 5 percent premium offered for its shares by China Three Gorges (CT) but the battle for Portugal’s biggest business has largely played out already.
BERLIN (Reuters) – Lufthansa will not be investigated for market abuse over rising ticket prices following the collapse of local rival Air Berlin , the German cartel office said on Tuesday.
MELBOURNE (Reuters) – Blame it on Trump, Iran or Venezuela. Rising oil prices combined with a heavy debt load killed the world’s biggest private equity oil and gas industry deal last week.
LONDON (Reuters) – A deepening political crisis in Italy provoked a second day of heavy selling on European financial markets, with the euro cut to a 6-1/2 month low, stocks punished and short-term borrowing costs surging for the government in Rome.
ZURICH (Reuters) – Nestle plans to eliminate up to 500 information technology jobs at its Swiss headquarters as its shifts work to countries including Spain, Portugal and Italy, the food and beverage giant said on Tuesday.
TOKYO (Reuters) – Tariffs on steel, threats of car import levies and intense pressure for a two-way economic deal: despite warm personal ties, U.S. President Donald Trump is giving Japanese Prime Minister Shinzo Abe a decidedly tough time on trade.
ZURICH (Reuters) – Swiss watch exports rose 13.8 percent in April to 1.76 billion Swiss francs ($1.77 billion), powered by a boom in the crucial Hong Kong market, trade data showed on Tuesday.
WASHINGTON (Reuters) – President Donald Trump is running out of time to deliver a revamp of the North American Free Trade Agreement (NAFTA) he promised for this year and people involved in the talks say the crunch is largely of his administration’s own making.
GENEVA (Reuters) – Chinese and U.S. envoys sparred at the World Trade Organization on Monday over U.S. President Donald Trump’s claims that China steals American ideas, the subject of two lawsuits and a White House plan to slap huge punitive tariffs on Chinese goods.
SYDNEY (Reuters) – Asian shares fell on Tuesday and the euro hovered near 6-1/2 month lows as early elections loomed in Italy, but a revival in diplomatic talks with North Korea and a retreat in oil prices from recent highs supported sentiment.
(Reuters) – Canada is likely to buy Kinder Morgan Canada Ltd’s Trans Mountain oil pipeline and its proposed expansion project in an attempt to ensure that it is built, Bloomberg reported on Monday, citing a person familiar with the talks.
SYDNEY (Reuters) – Asian shares fell on Tuesday and the euro slipped back to 6-1/2 month lows as early elections loomed in Italy, but a revival in diplomatic talks with North Korea and a retreat in oil prices from recent highs supported sentiment.
SYDNEY (Reuters) – U.S. stock futures ticked higher on Tuesday as officials sought to revive what would be a historic meeting between President Donald Trump and his North Korean counterpart, while the euro hovered near 6-1/2 month lows and oil sank.
GENEVA (Reuters) – The European Union told the World Trade Organization’s dispute settlement body on Monday that it had acted within days of a WTO ruling to bring its funding of planemaker Airbus into line with WTO rules, a trade official who attended the meeting said.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
