Business

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Trump’s next $100 billion tariff dilemma: hit Wal-Mart or Apple Store?

April 21, 2018

WASHINGTON (Reuters) – U.S. consumers may be about to directly feel the effects of the trade fight started by U.S. President Trump with China and other countries this year when a new list of Chinese imports to be taxed is announced in coming days. FILE PHOTO: U.S. President Donald Trump holds his signed memorandum on […]

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Peugeot boss faces toughest adversary yet in IG Metall

April 19, 2018

PARIS/FRANKFURT (Reuters) – PSA Group (PEUP.PA) boss Carlos Tavares, whose career has seen him thrash out margin-boosting labor deals for two carmakers in several countries, is now taking on Germany’s IG Metall union, which has been the undoing of many a cost cutter. FILE PHOTO: Chairman of the Managing Board of PSA Group Carlos Tavares […]

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China’s Huawei Tech retrenches in U.S. after years of criticism

April 17, 2018

WASHINGTON (Reuters) – China’s Huawei Technologies Co Ltd [HWT.UL], viewed with suspicion in congress as a potential threat to U.S. national security, has laid off five employees at its Washington office and slashed lobbying expenditures, according to sources familiar with the matter and government filings. FILE PHOTO: The Huawei logo is seen during the Mobile […]

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Google poised to emerge unscathed from European antitrust crackdown

April 12, 2018

BRUSSELS/SAN FRANCISCO (Reuters) – The European Union’s top antitrust regulator, Margrethe Vestager, has made it her mission to stem alleged anti-competitive abuses by big American tech companies, threatening as recently as last month to break up Alphabet Inc’s Google. FILE PHOTO: Silhouettes of laptop and mobile device users are seen next to a screen projection […]

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Millionaire bankers on the rise in Europe in decade after crisis

April 10, 2018

FRANKFURT (Reuters) – Financiers in Europe earning more than 1 million euros ($1.23 million) rose by a third in the six years to 2016 to 4,597, with investment bankers and London dominant, data showed on Tuesday. FILE PHOTO: A bus passes the Bank of England in London, Britain, April 9, 2018. REUTERS/Hannah McKay/File Photo A […]

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Services, food boost U.S. producer prices in March

April 10, 2018

WASHINGTON (Reuters) – U.S. producer prices increased more than expected in March, boosted by rising healthcare and food costs, pointing to a steady buildup of inflation pressures. FILE PHOTO: Workers box jars of pasta sauce at a plant run by Chelten House Products in Bridgeport, New Jersey July 27, 2015. REUTERS/Jonathan Spicer Most economists believe […]

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Deutsche Bank chairman to hold call with board over CEO – sources

April 7, 2018

FRANKFURT (Reuters) – The possible replacement of Deutsche Bank (DBKGn.DE) CEO John Cryan could be discussed on a supervisory board call scheduled on Sunday evening by Chairman Paul Achleitner, two people familiar with the matter told Reuters. Deutsche Bank CEO John Cryan during the bank’s annual news conference in Frankfurt, Germany, February 2, 2018. REUTERS/Ralph […]

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Air France strike hits flights as French brace for rail stoppages

April 7, 2018

PARIS (Reuters) – Air France grounded just under a third of flights on Saturday as staff staged a walkout over pay, and travelers also braced for a fresh wave of train strikes starting later in the day, crippling much of France’s transport network. The industrial action at France’s flag carrier – marking the fifth day […]

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U.S. job gains smallest in six months, wage growth picks up

April 6, 2018

WASHINGTON, (Reuters) – The U.S. economy created the fewest jobs in six months in March as the boost from mild temperatures faded, but a pickup in wage gains pointed to a tightening labor market, which should allow the Federal Reserve to raise interest rates further this year. Job seekers and recruiters gather at TechFair in […]

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Futures extend losses after March jobs data

April 6, 2018

(Reuters) – U.S. stock futures added to losses on Friday after data showed that the U.S. economy created the fewest jobs in six months in March, but a pickup in wage gains pointed to a tightening labor market. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., April […]

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