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U.S. Treasury's Mnuchin says he sees at least 3 percent growth for next 4-5 years

July 29, 2018 by  
Filed under News

U.S. Treasury Secretary Steven Mnuchin said on Sunday that he believes the quickening pace of growth in the nation’s economy in the second quarter will persist for the next few years.


Source: Reuters Business News

Exclusive: BMW to raise prices of two U.S.-made SUV models in China

July 28, 2018 by  
Filed under News

German carmaker BMW said it will raise the prices of two U.S.-made crossover sport-utility vehicles in China to cope with the additional cost of tariffs on U.S. car imports into the world’s biggest auto market.


Source: Reuters Business News

Global auto powers plotting response to Trump auto tariff threats

July 28, 2018 by  
Filed under News

Canada, the European Union, Japan, Mexico and South Korea will meet in Geneva next week to discuss how to respond to threats by U.S. President Donald Trump to impose tariffs on U.S. imports of autos and car parts, officials familiar with the talks said.


Source: Reuters Business News

UK's Thomas Cook mulling airline sale: Sunday Times

July 28, 2018 by  
Filed under News

British travel company Thomas Cook is considering splitting off its airline and selling a stake to an outside investor to reduce debt, the Sunday Times newspaper reported.


Source: Reuters Business News

G20 agriculture ministers express concern about 'protectionist' measures

July 28, 2018 by  
Filed under News

Agriculture ministers from the G20 countries said on Saturday they were concerned about the increasing use of protectionist non-tariff trade measures inconsistent with World Trade Organization (WTO) rules.


Source: Reuters Business News

G20 agriculture ministers had 'frank discussion' about protectionism: Germany

July 28, 2018 by  
Filed under News

The G20 agriculture ministers gathered in Buenos Aires this weekend had a “frank discussion” about the fact that they do not want unilateral protectionist measures, German Agriculture Minister Julia Klockner told reporters on Saturday.


Source: Reuters Business News

Germany says U.S.-Europe trade tensions ease, questions remain on soy

July 28, 2018 by  
Filed under News

The trade relationship between the United States and Europe is improving, German Agriculture Minister Julia Kloeckner said on Saturday, but there is no guarantee the bloc will buy the quantity of soybeans that Washington expects.


Source: Reuters Business News

Iran woos local investors as U.S. sanctions loom, currency falls

July 28, 2018 by  
Filed under News

Iran plans to offer price and tax incentives to private investors to take over idle state projects and help boost the economy, state media reported on Saturday, as the country faces likely U.S. sanctions and the exit of many foreign companies.


Source: Reuters Business News

Economy, dollar, trade key to U.S. stocks' global edge

July 27, 2018 by  
Filed under News

The ability of the U.S. stock market to keep an edge this year over equities elsewhere in the world hinges on the United States maintaining its economic and earnings growth advantage, the strength of the dollar and how global trade tensions resolve, investors said.


Source: Reuters Business News

IBM wins $83 million from Groupon in internet patent fight

July 27, 2018 by  
Filed under News

A U.S. jury on Friday awarded International Business Machines Corp $83 million in a patent dispute with e-commerce company Groupon Inc .


Source: Reuters Business News

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