Trump: if no China trade deal possible, “I am a Tariff Man”
U.S. President Donald Trump on Tuesday held out the possibility of an extension of the 90-day trade truce with China but warned he would revert to tariffs if the two sides could not resolve their differences.
Toll Brothers orders slump for first time in more than four years
U.S. luxury home builder Toll Brothers Inc on Tuesday reported its first fall in quarterly orders in more than four years as rising mortgage rates and higher home prices hit demand, sending its shares down as much as 10 percent.
Exclusive: Exxon, Chevron seek to exit Azerbaijan’s oil after 25 years
Exxon Mobil and Chevron are seeking to sell their stakes in Azerbaijan’s largest oilfield, marking the retreat of the U.S. majors from the former Soviet state after 25 years as they re-focus on domestic production.
Siemens looks for faster growth in ‘smart’ buildings, eyes acquisitions
Siemens wants to grow its building technologies business faster than the overall construction market next year, possibly with help from acquisitions, the business’ chief executive Matthias Rebellius said on Tuesday.
New UPS navigation tool aims to save time and money with each turn
United Parcel Service Inc on Tuesday said it is rolling out a new navigation tool designed to reduce costs for the company and headaches for its roughly 60,000 U.S. package delivery drivers.
U.S. Commerce chief says timing of auto tariffs depends on talks
U.S. Commerce Secretary Wilbur Ross said on Tuesday that possible tariffs on automakers are aimed at pushing companies to make more cars and other vehicles in the United States and the timing of any duties would depend on the success of ongoing negotia…
Oil rises as investors anticipate OPEC production cuts
Oil prices rose on Tuesday, extending gains ahead of expected output cuts by producer cartel OPEC and a reduction in Canadian supply.
Wall Street to open lower on trade deal doubt, bond market nerves
U.S. stock index futures pointed to a lower opening for Wall Street on Tuesday, as investors turned skeptical of the chances of a breakthrough in the U.S.-China trade talks, while a flattening U.S. yield curve raised fears of a slowing domestic economy…
World stocks retreat as trade truce doubts return
Deflating hopes of a swift resolution to the Sino-U.S. trade war knocked world stocks off a three-week high on Tuesday, while recession warning lights in U.S. bond markets weighed on the dollar.
Thomson Reuters to cut workforce by 3,200 or 12 percent by 2020
Thomson Reuters Corp said on Tuesday that it will cut its workforce by 12 percent by 2020, axing 3,200 jobs, as part of a plan to streamline the business and reduce costs.
