Asia shares struggle with trade fears, oil holds gains
SYDNEY (Reuters) – Asian shares were subdued on Wednesday as weakness in Chinese stocks and the yuan weighed on sentiment, while oil held hefty gains as the United States pressured allies to stop buying Iranian crude.
Exclusive: Ackman makes fresh layoffs at Pershing Square hedge fund
BOSTON (Reuters) – Billionaire hedge fund manager William Ackman, whose investment assets have shrunk by more than half in the last three years, has made a second round of staff cuts and laid off three investor relations team members, two sources famil…
Trump says security panel can protect U.S. technology from China
WASHINGTON (Reuters) – President Donald Trump on Tuesday endorsed U.S. Treasury Secretary Steven Mnuchin’s measured approach to restricting Chinese investments in U.S. technology companies, saying a strengthened merger security review committee could p…
The culture clash behind GE’s quick exit from Baker Hughes stake
HOUSTON (Reuters) – When General Electric Co bought oilfield services giant Baker Hughes last July, it created a global industry colossus with $22 billion in annual revenue.
Energy leads Wall Street rebound as trade worries ease
NEW YORK (Reuters) – U.S. stocks found their footing on Tuesday, helped by gains in the energy, technology and consumer discretionary sectors after a sharp sell-off a day earlier on spiraling global trade tensions.
U.S. senators want Trump to reconsider lifting ban on China’s ZTE
WASHINGTON (Reuters) – Two U.S. senators urged President Donald Trump on Tuesday to reconsider his agreement with ZTE Corp , saying lifting a ban on China’s second-largest telecommunications maker poses “a significant threat” to national security.
Battery in fatal Florida Tesla crash reignited twice: NTSB report
WASHINGTON (Reuters) – A Tesla Inc Model S involved in a May 8 fatal high-speed crash in Florida reignited twice after firefighters extinguished a fire in the electric vehicle, the National Transportation Safety Board (NTSB) said in a preliminary repor…
Energy leads Wall St rebound as trade worries ease
NEW YORK (Reuters) – U.S. stocks found their footing on Tuesday, helped by gains in the energy, technology and consumer discretionary sectors after a sharp sell-off a day earlier on spiraling global trade tensions.
Trump threatens Harley-Davidson over European production move
WASHINGTON/CHICAGO (Reuters) – U.S. President Donald Trump threatened Harley-Davidson Inc with higher taxes on Tuesday and said the motorcycle maker, which he previously hailed as a model of American manufacturing, would suffer from a public backlash i…
Battery in fatal Tesla crash in Florida reignited twice: NTSB report
WASHINGTON (Reuters) – A Tesla Inc Model S involved in a May 8 fatal high-speed crash in Florida reignited twice after firefighters extinguished a fire in the electric vehicle, the National Transportation Safety Board (NTSB) said in a preliminary repor…
