Tesla trims up to $14,000 off Model X in China after tariff cuts
BEIJING (Reuters) – Tesla Inc has slashed up to $14,000 off its Model X in China after Beijing announced major tariff cuts for imported automobiles, a potential sales boost for the U.S. firm as the world’s largest auto market pivots towards electric ca…
Why Caterpillar can’t keep up with a boom in demand
EAST PEORIA, Ill. (Reuters) – Orders for the mining machines and construction bulldozers made at this sprawling Caterpillar Inc. factory in central Illinois have jumped, in general, three-fold over the past year.
India’s Vedanta hits over 10-month low as protests against copper plant turn violent
(Reuters) – Shares of Vedanta Ltd fell to their lowest since July 5, 2017, after at least nine people were killed in the southern state of Tamil Nadu when police fired at violent protesters calling for the closure of a copper smelter run by parent Ved…
Wynn shareholders reject executive compensation plan
(Reuters) – Shareholders of casino operator Wynn Resorts Ltd voted against the company’s executive compensation plan at its annual meeting last week, Wynn said in a regulatory filing late on Tuesday.
Asian shares pressured as Trump tempers Sino-U.S. trade optimism
TOKYO (Reuters) – Asian shares were mostly weaker on Wednesday with investors cautious after U.S. President Donald Trump tempered optimism over progress made in trade talks between the world’s two largest economic powers.MSCI’s broadest index of Asia-P…
China’s ZTE estimates at least $3.1 billion loss from U.S. sanctions: Bloomberg
BEIJING (Reuters) – China’s ZTE Corp is estimating losses of at least 20 billion yuan ($3.1 billion) due to Washington’s ban on U.S. firms supplying the telecommunications firm, Bloomberg reported on Wednesday, citing unnamed sources.
Asian shares tentative as Trump tempers Sino-U.S. trade optimism
TOKYO (Reuters) – Asian shares edged up on Wednesday but investors were cautious after U.S. President Donald Trump tempered optimism over progress made so far in trade talks between the world’s two largest economies.
‘Referendum’ result due on France’s big railway shake-up
PARIS (Reuters) – France’s rail unions will announce on Wednesday the results of a staff ballot on government plans to create a leaner, more efficient public railway company before the monopoly is opened to competition in line with European Union rules…
Small banks trump Wall Street on Dodd-Frank rewrite
WASHINGTON (Reuters) – Congress on Tuesday rolled back some of the restraints imposed on banks after the 2007-2009 global financial crisis, but big players like Goldman Sachs Group Inc , Morgan Stanley and JPMorgan Chase & Co , will not be breaking out the champagne.
Workers hit McDonald’s with new sexual harassment claims
LOS ANGELES/NEW YORK (Reuters) – Ten women who work at McDonald’s restaurants in Detroit, Chicago, Los Angeles and six other cities have filed sexual harassment complaints in the past few days with the federal government against the company and its fra…
