U.S. extended EU tariff exemption because of good trade discussion: Ross
WASHINGTON (Reuters) – U.S. Commerce Secretary Wilbur Ross on Tuesday said the one-month extension of the exemption from new steel and aluminum tariffs granted to the European Union was the result of promising discussions to reduce trade tensions, and …
U.S. April auto sales show lackluster start to spring
DETROIT (Reuters) – Major automakers on Tuesday posted lower new vehicle sales in April as consumer demand continued to weaken following a lengthy boom for the industry.
U.S. agency to probe Nintendo systems after rival’s complaint
WASHINGTON (Reuters) – The U.S. International Trade Commission said on Tuesday it will investigate certain gaming console systems from Nintendo Co Ltd after California-based Gamevice Inc filed a complaint alleging that their importation infringed on it…
U.S. factory activity slows; construction spending tumbles
WASHINGTON (Reuters) – U.S. factory activity slowed for a second straight month in April, weighed down by shortages of skilled workers and rising capacity constraints, but strengthening global demand continues to support manufacturing.
Wall Street falls after latest earnings, oil drags on energy stocks
(Reuters) – U.S. stocks slipped on Tuesday as the latest batch of earnings from companies such as Pfizer and Tapestry disappointed investors already concerned about rising costs and protectionist policies.
MetLife CFO John Hele retires, treasurer to succeed him
(Reuters) – U.S. insurer MetLife Inc said on Tuesday John Hele retired as chief financial officer and will be succeeded by the company’s treasurer John McCallion.
Wall Street opens lower as trade, inflation worries persist
(Reuters) – U.S. stocks opened lower on Tuesday after disappointing results from Pfizer, while concerns about inflation, rising costs and protectionist policies remained.
Britain to rule on Murdoch’s Sky bid by June 13
LONDON (Reuters) – Britain’s media secretary Matt Hancock will give his verdict on Rupert Murdoch’s 18-month pursuit of Sky by June 13, potentially paving the way for the mogul’s Fox to take on Comcast in the battle for the British TV group.
RBS to cut 792 jobs, close 162 branches in Williams & Glyn cull
LONDON (Reuters) – Britain’s Royal Bank of Scotland is to cut around 792 jobs and shutter 162 branches following a review of its branch network in England and Wales, the state-backed lender said on Tuesday.
Dollar goes positive for year, iPhone answers calling
LONDON (Reuters) – The dollar broke into positive territory for the year and bond yields were creeping higher again on Tuesday, as the recent rise in oil prices fuelled bets that the U.S. Federal Reserve will flag more interest rate hikes this week.
