EU brings industry together to tackle dollar dominance in energy trade
The European Union has convened a wide-ranging industrial group to work on promoting the euro and fighting the monopoly of the U.S. dollar in oil and commodities trading, reflecting broader tensions with Washington over trade and sanctions.
Apple ramped up testing of self-driving cars in 2018: U.S. data
Apple Inc sharply increased its testing of self-driving cars in 2018, logging tens of thousands of miles compared with only hundreds of miles the year before, according to data released Wednesday by the California Department of Motor Vehicles.
Wall Street rises on optimism over U.S.-China trade talks
Wall Street’s main indexes traded higher on Wednesday, though off session highs, boosted by rising expectations that the United States and China could reach a deal during their ongoing trade talks, with benign inflation data offering support.
Deutsche Bank to cut 1,950 jobs in Postbank integration: Handelsblatt
Deutsche Bank is planning to cut 1,950 jobs as part of the integration of its Postbank business, newspaper Handelsblatt reported, citing people familiar with the matter.
T-Mobile, Sprint executives face skeptical House panel
Executives from T-Mobile US Inc and Sprint Corp faced tough questions from lawmakers on Wednesday about how the companies’ planned merger would affect prices and jobs, especially in rural America.
Exclusive: Volkswagen, Ford far apart on investment in Ford autonomous unit – sources
Partners Volkswagen AG and Ford Motor Co are at odds over how much the German automaker will invest in the No. 2 U.S. automaker’s self-driving vehicle unit, with Ford seeking at least $500 million, people familiar with the negotiations said. Analyst…
Trump says trade negotiations with China going very well
U.S. President Donald Trump on Wednesday sounded a positive note on the ongoing trade talks with China, telling reporters that Washington had sent a talented team of negotiators to Beijing this week and the negotiations are going along very well.
Trump, Xi expected to meet ‘sometime in March’: USDA official
U.S. President Donald Trump and Chinese President Xi Jinping are expected to meet next month, a U.S. Department of Agriculture official said at an industry event on Wednesday, as the two countries try to hammer out a deal to end a tit-for-tat tariff ba…
Lower gasoline prices restrain U.S. consumer inflation
U.S. consumer prices were unchanged for a third straight month in January, leading to the smallest annual increase in inflation in more than 1-1/2 years, which could allow the Federal Reserve to hold interest rates steady for a while.
Johnson & Johnson to buy surgical robotics firm Auris for $3.4 billion
Johnson & Johnson said on Wednesday it would buy Auris Health Inc for $3.4 billion in cash, gaining access to the privately held company’s surgical robotic scope used in respiratory procedures and the detection of lung cancer.
