Bank of Canada caught between rate hike and trade war
OTTAWA (Reuters) – Bank of Canada Governor Stephen Poloz is under pressure to justify another rate hike or risk credibility by changing course, with a clear-cut case for higher rates endangered by a raging trade war with the United States.
CBS expands NFL streaming rights to include mobile devices
(Reuters) – CBS Corp on Monday expanded its streaming agreement with National Football League to include mobile devices and extended the rights through the 2022 season, the media company said.
Exclusive: North American, UK, Asian regulators press EU on data privacy exemption
WASHINGTON/BRUSSELS (Reuters) – Financial watchdogs from North America, Britain and Asia are urgently seeking a formal exemption from the European Union’s tough new data privacy law to avoid hampering cross-border investigations, regulatory officials told Reuters.
BMW executive says would shut UK plants if Brexit hits supply chain
LONDON/FRANKFURT (Reuters) – BMW would have to close its Mini and Rolls-Royce plants in Britain if Brexit seriously disrupts its supply chain, an executive at the German carmaker told the Financial Times.
Rebound in South powers U.S. new home sales, dampens prices
WASHINGTON (Reuters) – Sales of new U.S. single-family homes increased more than expected in May as transactions in the South surged to near an 11-year high and dampened prices, but the overall housing market remained constrained by a dearth of propert…
We’ve changed, Uber tells court in London license battle
LONDON (Reuters) – Uber [UBER.UL] accepted it had made mistakes but said it had changed on Monday in a court challenge to a decision stripping it of its London license after it was ruled unfit to run a taxi service in its most important European market…
Wall Street pummeled by escalating trade row
(Reuters) – U.S. stocks sank in a broad sell-off on Monday, with the S&P 500 dropping more than 1.5 percent and technology firms bearing the brunt of an escalating trade dispute between the United States and other leading economies.
U.S. coal miners worry Trump-China trade dispute could hit exports
WASHINGTON (Reuters) – U.S. coal mining companies are worried President Donald Trump’s intensifying trade dispute with China could hurt their booming export business, one of the ailing sector’s most important lifelines, according to industry players.
Advent takes over GE distributed power unit for $3.25 billion
NEW YORK/FRANKFURT (Reuters) – U.S. buyout group Advent agreed to buy General Electric Co’s distributed power unit for $3.25 billion, the companies said on Monday, marking GE’s exit from a growing segment of the power business.
U.S. Treasury’s Mnuchin says new investment curbs not specific to China
WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin said on Monday that forthcoming investment restrictions from the department will not be specific to China but would apply “to all countries that are trying to steal our technology.”
