Trump’s tariff ambush risks pushing Brazil closer to China
U.S. President Donald Trump’s surprise decision to slap metals tariffs on Brazil is a blow to President Jair Bolsonaro’s aim of forging closer ties with Washington and could push Latin America’s No. 1 economy closer to Trump’s top trade foe – China.
CNH Industrial’s Iveco joins the electric truck race with Nikola partnership
CNH Industrial truck unit Iveco on Monday joined the alternative propulsion party as it unveiled its first electric vehicle, which it will build in partnership with U.S. startup Nikola Motor Co.
UnitedHealth expects 2020 earnings largely below estimates
Health insurer UnitedHealth Group on Monday issued its adjusted earnings forecast for 2020, the mid-point of which was below analysts’ estimates.
Wells Fargo names Scott Powell as COO
Wells Fargo & Co on Monday named Scott Powell chief operating officer, effective Dec. 9.
Zuckerberg denies that Trump tried to lobby against ban on political ads: CBS
Facebook Inc Chief Executive Officer Mark Zuckerberg said in an interview to CBS on Monday that U.S. President Donald Trump did not discourage him from banning political ads on the social media platform during a secret meeting in October.
U.S. stocks retreat on economy and trade jitters
Wall Street stepped back from last week’s record highs on Monday, with weak U.S. manufacturing data and fresh trade worries keeping buyers on the sidelines.
U.S. may increase tariffs after WTO rejects EU claims over Airbus
The World Trade Organization on Monday rejected European Union claims that it no longer provides subsidies to planemaker Airbus , prompting the United States to say it could increase retaliatory tariffs on a wider range of European goods.
Cosmetics maker Natura urges Brazil to protect Amazon after fires hit suppliers
Brazilian cosmetics maker Natura & Co is pressing government officials, the private sector and local communities to bolster environmental protections in the Amazon after fires this year disrupted its supply chain, its chief executive told Reuters.
Apple fails to end MacBook ‘butterfly’ keyboard class action
A federal judge on Monday rejected Apple Inc’s bid to dismiss a proposed class action lawsuit by customers who said it knew and concealed how the “butterfly” keyboards on its MacBook laptop computers were prone to failure.
Oil futures edge up on talk of further OPEC+ supply curbs
Oil futures gained about 1% on Monday on hints the Organization of the Petroleum Exporting Countries (OPEC) and its allies may agree to deepen output cuts at a meeting this week and as rising manufacturing activity in China suggested stronger demand.
