Trump doubts success in rebalancing U.S.-China trade as talks get underway
WASHINGTON (Reuters) – President Donald Trump said on Thursday that China had become “very spoiled” on trade with the United States and cast doubt on the success of his efforts to rebalance the relationship with Beijing as high-stakes U.S.-China negoti…
Asia oil bill to top $1 trillion a year as crude hits $80
By Henning Gloystein, Rajendra Jadhav and Neil Jerome Morales
Brookfield in talks to acquire stake in Kushner-owned tower: source
NEW YORK (Reuters) – Brookfield Property Partners is in talks to acquire a stake in a Fifth Avenue, New York, office tower majority owned by a company that was previously run by Jared Kushner, son-in-law of President Donald Trump, a source familiar wit…
Ethereum is top public blockchain, bitcoin No. 13 in China’s new index
NEW YORK (Reuters) – Ethereum is the top public blockchain in the cryptocurrency space, while that of bitcoin, the original virtual currency, is ranked 13th, according to the Chinese government’s first monthly Global Public Chain Assessment Index relea…
Wall St. turns negative on trade worries, oil prices
NEW YORK (Reuters) – Wall Street turned negative in indecisive trade on Thursday, giving up earlier gains as investors grappled with renewed trade worries and rising oil prices.
Canada optimism over pipeline interest may be misplaced: sources
WINNIPEG, Manitoba (Reuters) – The Canadian government’s optimism that outside investors would be interested in taking over a Kinder Morgan Canada oil pipeline project if the company pulls out might be misplaced, said energy industry sources and analy…
Delaware judge rules in favor of Redstone family in CBS dispute
(Reuters) – A judge declined on Thursday to issue a restraining order against Shari Redstone, allowing her to exert control over CBS Corp and dealing a setback to the U.S. media company’s plans to strip her voting power and thwart a merger with Viacom…
Canada ‘positive’ on NAFTA, Mexico says deal possible by end-May
NEW YORK/MEXICO CITY (Reuters) – Canadian Prime Minister Justin Trudeau on Thursday said he felt “positive” about talks to rework the NAFTA trade pact, while a top Mexican official held out hope a deal could be hammered out by the end of May.
U.S. gunmaker Remington exits bankruptcy in tough gun climate
(Reuters) – U.S. weapons manufacturer Remington Outdoor Co Inc said on Thursday it had emerged from Chapter 11 bankruptcy with less debt and more stable financing that may help it ride out a slowing market for firearms.
Oil surge keeps Wall Street’s losses in check
(Reuters) – A surge in energy and industrial shares kept Wall Street’s losses in check on Thursday, even as a rise in U.S. bond yields to a fresh seven-year high suggested more competition for equities.
