Exclusive: Daimler to make Mercedes Benz-branded heavy trucks in China – sources
German auto maker Daimler AG plans to build Mercedes Benz-branded heavy trucks in China by revamping truck plants owned by its local joint venture, according to a document seen by Reuters and two sources familiar with the matter.
Farmer’s threat prompts U.S. Agriculture Department to pull staff from crop tour
The U.S. Agriculture Department said on Wednesday it had pulled all staff from an annual crop tour after an employee was threatened, and three sources said the threat of violence was made during a phone call from an angry farmer.
Oil prices rise after U.S. crude stocks draw
Oil prices rose on Thursday following a drawdown in U.S. crude inventories, but gains in fuel inventories and persistent concerns over the global economy and future demand outlook capped gains.
Japan says gaps remain with U.S. on trade after ‘very tough’ talks
Japanese Economy Minister Toshimitsu Motegi said on Wednesday there were still gaps that needed to be filled before Tokyo and Washington could agree on a bilateral trade deal and that negotiations with his U.S. counterpart were “very tough.”
Trump attacks Ford Motor for not backing fuel economy rollback
U.S. President Donald Trump stepped up a series of attacks on automakers on Wednesday for not backing his administration’s plan to roll back Obama-era fuel efficiency rules, singling out Ford Motor Co in particular for backing a deal with California f…
Asia shares find support, still waiting on stimulus
Asian shares edged ahead on Thursday after Wall Street got a boost from strong retail results, while bonds retreated as U.S. policy makers sounded conflicted on whether to cut interest rates as sharply as markets were wagering.
Over Fed minutes, a Trump-shaped shadow
The one thing Federal Reserve officials were in broad agreement about at their last meeting was this: to not tip their hands about what happens next.
Nordstrom beats profit estimates as it clears inventory faster and sells more online
Upscale U.S. retailer Nordstrom Inc reported a better-than-expected quarterly profit on Wednesday as it said it had cut costs and cleared more inventory, sending its shares up 10% in extended trading.
U.S. lawmakers say tariffs on EU olive oil pit Trump trade policy against demand
(This August 21 story corrects in 9th paragraph to show that tariffs have not been imposed and that the North American Olive Oil Association has, and continues to, oppose proposed tariffs on olive oil.)
Boeing awarded $999 million contract for A-10 wing replacements: Pentagon
Boeing has been awarded a $999 million defense contract to replace the wings on A-10 close air support aircraft, the Pentagon said on Wednesday.
