Wall Street set to open lower as auto tariff threat weighs
(Reuters) – U.S. stocks were set to open lower on Thursday as rising concerns over U.S. trade protectionism, this time around car imports, overshadowed optimism that the Federal Reserve may be more tolerant of rising inflation than previously expected….
Rusal CEO, board members quit in quest for U.S. sanctions relief
HONG KONG/MOSCOW (Reuters) – Russia’s largest aluminum producer, United Company Rusal Plc , said on Thursday that its chief executive and seven board members had quit, part of a strategy it hopes may persuade the United States to lift crippling sanctio…
Car imports probe gives GM, Ford shares tiny lift
(Reuters) – Shares of General Motors and Ford inched only marginally higher before the bell on Thursday after the Trump administration launched a national security probe into car imports which could lead to new tariffs on foreign competitors while al…
U.S. could seek American compliance officers at ZTE: Ross
WASHINGTON (Reuters) – The United States has not made a final decision on changes to its ban on ZTE Corp , but any alternative remedy could include installing U.S. compliance officers at the Chinese telecoms company, Commerce Secretary Wilbur Ross said…
U.S. launches criminal probe into bitcoin price manipulation: Bloomberg
(Reuters) – The U.S. Department of Justice has launched a criminal probe into whether traders are manipulating the price of bitcoin and other digital currencies, Bloomberg reported on Thursday.
Fashion and sport brands clash in luxury sneakers race
MILAN (Reuters) – What do you get when luxury fashion meets sport? $10,000 sneakers.
EU parliament gets Facebook answers after Zuckerberg meeting
BRUSSELS (Reuters) – The European Parliament distributed on Thursday what it called a first set of written replies from Facebook to oral questions put by lawmakers to CEO Mark Zuckerberg at a meeting in Brussels on Tuesday.
Deutsche Bank axes at least 7,000 jobs in trading retreat
FRANKFURT (Reuters) – Deutsche Bank is slashing more than 7,000 jobs to cut costs and restore profitability, while keeping its international reach as its new CEO seeks to reassure investors and clients.
Tariff fears hit car shares, lira back on the rack
LONDON (Reuters) – World shares crept higher on Thursday as cars become the latest focus of U.S. protectionism worries, while Turkey’s lira slumped back after a huge emergency interest rate hike failed to stem its problems.
Investor Elliott’s stake raises pressure on Thyssenkrupp CEO
FRANKFURT/BERLIN (Reuters) – Activist hedge fund Elliott said on Thursday it would step up pressure on Thyssenkrupp’s leadership to revive the German industrial conglomerate’s fortunes, confirming it had taken a stake of less than 3 percent.
