Commutee

Trump says Saudi king agreed to raise oil output by up to 2 million barrels

June 30, 2018 by  
Filed under News

WASHINGTON/RIYADH (Reuters) – U.S. President Donald Trump said on Saturday that Saudi Arabia’s King Salman had agreed to his request to increase oil production “maybe up to 2,000,000 barrels,” an extraordinary amount not confirmed by the kingdom and which would push the OPEC leader to a level of production never tested before.


Source: Reuters Business News

Trump, Trudeau discuss trade, economic issues over phone call

June 30, 2018 by  
Filed under News

BEDMINSTER, N.J./OTTAWA (Reuters) – U.S. President Donald Trump spoke with Canadian Prime Minister Justin Trudeau late on Friday to discuss trade and other economic issues, White House Press Secretary Sarah Sanders said on Saturday.


Source: Reuters Business News

China's ChemChina, Sinochem set to merge: Caixin

June 30, 2018 by  
Filed under News

BEIJING (Reuters) – Chinese state-owned Sinochem and ChemChina will merge to create a new company, to be headed by Sinochem chief Ning Gaoning, financial publication Caixin reported on Saturday, confirming an earlier Reuters report.


Source: Reuters Business News

BMW says U.S. tariffs on EU cars may hit investment there

June 30, 2018 by  
Filed under News

BERLIN (Reuters) – U.S. tariffs on imported cars could lead BMW to reduce investment and cut jobs in the United States due to the large number of cars it exports from its South Carolina plant, the German carmaker has warned.


Source: Reuters Business News

China factory growth slows in June as trade tensions rise

June 30, 2018 by  
Filed under News

BEIJING (Reuters) – Growth in China’s manufacturing sector slowed in June after a better-than-expected performance in May, official data showed, as escalating trade tensions with the United States fuel concerns about a slowdown in the world’s second-biggest economy.


Source: Reuters Business News

After stellar run, smallcaps may see some turbulence

June 29, 2018 by  
Filed under News

NEW YORK (Reuters) – After a strong rally that saw the Russell 2000 notch a record in three straight sessions in June, smallcap stocks may be showing signs of slowing down, leading some market participants to question whether their recent bulletproof performance is starting to crack.


Source: Reuters Business News

U.S. SEC says Morgan Stanley to pay $3.5 million fine over misuse of funds

June 29, 2018 by  
Filed under News

WASHINGTON (Reuters) – Morgan Stanley agreed to pay a $3.6 million fine after regulators found it failed to detect or prevent misappropriation of client funds, the U.S. Securities and Exchange Commission (SEC) said on Friday.


Source: Reuters Business News

German court orders Volkswagen to pay MAN minorities 300 million euros

June 29, 2018 by  
Filed under News

MUNICH (Reuters) – A German court has ordered auto maker Volkswagen AG’s truck unit to pay 300 million euros ($350 million) to shareholders in MAN SE , ending a long-running court battle over its buyout offer.


Source: Reuters Business News

Canada hits back at U.S. over tariffs, says it won't back down

June 29, 2018 by  
Filed under News

OTTAWA (Reuters) – Canada struck back at the U.S. administration over its steel and aluminum tariffs on Friday, vowing to impose punitive measures on C$16.6 billion ($12.63 billion) worth of American goods until Washington backed down.


Source: Reuters Business News

Lawsuit targets 'hidden fees' in Wells Fargo finance programs

June 29, 2018 by  
Filed under News

NEW YORK (Reuters) – Wells Fargo & Co has been hit with a lawsuit by a Texas jewelry company accusing it of encouraging thousands of retailers nationwide to charge hidden fees to customers using financing programs created by the bank.


Source: Reuters Business News

Next Page »