U.S. extends deadline for Rusal sanctions, aluminum prices dive
WASHINGTON/MOSCOW (Reuters) – The United States on Monday gave American customers of Russia’s biggest aluminum producer more time to comply with sanctions, and said it would consider lifting them if United Company Rusal Plc’s major shareholder, Russian…
Hasbro blames Toys ‘R’ Us for poor first quarter
(Reuters) – Hasbro Inc reported worse than expected results for the first quarter on Monday, blaming the bankruptcy of Toys ‘R’ Us for a slide in revenue but also promising the worst would be over in the first half of 2018.
Wall Street edges higher as earnings optimism eases bond worries
(Reuters) – Wall Street edged higher on Monday, led by technology stocks, as optimism about strength of the earnings season helped ease concerns on rising U.S. Treasury yields.
U.S. existing home sales rise; inventory remains tight
WASHINGTON (Reuters) – U.S. home sales increased for a second straight month in March amid a rebound in activity in the Northeast and Midwest regions, but a dearth of houses on the market and higher prices remain headwinds as the spring selling season …
U.S. mulls sanctions reprieve for Rusal, rocking aluminum prices
WASHINGTON (Reuters) – The United States on Monday opened the door to sanctions relief for United Company Rusal Plc as it considered the Russian aluminum giant’s bid to avoid U.S. sanctions and weighed the potential impact of such measures on Rusal’s A…
Wall Street flat as industrials offset lower oil; U.S. yields on radar
(Reuters) – U.S. stocks were little changed on Monday, with gains in industrial and healthcare stocks offseting the impact from falling oil prices, as investors kept an eye on rising U.S. bond yields.
Wall Street set to open higher despite rising U.S. yields
(Reuters) – Wall Street was set for gains on Monday as optimism about the strong earnings season helped ease concerns on rising U.S. bond yields.
Activist fund Elliott ramps up pressure on South Korean auto giant Hyundai
SEOUL (Reuters) – U.S. activist hedge fund Elliott Management dismissed Hyundai Motor Group’s restructuring plan as insufficient on Monday and called on the South Korean conglomerate to adopt a holding company strategy and appoint more independent boar…
U.S. grants reprieve to Rusal, says will weigh impact on allies
WASHINGTON (Reuters) – The United States on Monday opened the door to sanctions relief for Russian aluminum producer United Company Rusal Plc, saying it was considering a company bid to avoid U.S. sanctions and would weigh the impact on American allies…
Trump’s revenge: U.S. oil floods Europe, hurting OPEC and Russia
MOSCOW/LONDON (Reuters) – As OPEC’s efforts to balance the oil market bear fruit, U.S. producers are reaping the benefits – and flooding Europe with a record amount of crude.
