U.S. in talks over metals tariffs, says has tools to tackle China
WASHINGTON (Reuters) – The United States is in talks with the European Union, Argentina and Australia on granting possible exemptions to steel and aluminum tariffs, Trade Representative Robert Lighthizer said on Wednesday.
Big investor, adviser split on pay for Tesla’s Musk
(Reuters) – A top investor in Tesla Inc and a major proxy adviser have offered opposing views on whether to support Chief Executive Elon Musk’s compensation arrangement at a special meeting of the electric car maker to be held Wednesday.
Wall Street flat as oil offsets Facebook’s drop; Fed move awaited
(Reuters) – U.S. stocks were little changed on Wednesday, ahead of an expected Federal Reserve interest rate hike, as weakness in Facebook’s shares for a third day were countered by gains in energy stocks.
U.S. says in talks over steel and aluminum tariff exemptions
WASHINGTON (Reuters) – The United States is in talks with the European Union, Argentina and Australia on granting possible exemptions to steel and aluminum tariffs, Trade Representative Robert Lighthizer told the House Ways and Means Committee in a hea…
Deutsche Bank sees $550 million first-quarter impact from strong euro, funding costs
FRANKFURT (Reuters) – A strong euro and higher funding costs would have a 450 million euro ($553 million) impact on Deutsche Bank in the first quarter of the year, the German lender’s finance chief warned on Wednesday.
World shares and dollar slip as jitters build on Fed, trade and tech
LONDON (Reuters) – World shares fell on Wednesday and the dollar eased off three-week highs as markets awaited a likely increase in U.S. interest rates and guidance on how many more to expect for this year.
China Southern places $3.6 billion Boeing 737 MAX order for Xiamen Airlines subsidiary
(Reuters) – China Southern Airlines Co Ltd said on Wednesday it had placed an order for 30 Boeing Co 737 MAX narrowbodies for its Xiamen Airlines subsidiary in a deal the plane maker said was worth more than $3.6 billion at list prices.
Designed in California, made in China: how the iPhone skews U.S. trade deficit
SHANGHAI (Reuters) – U.S. President Donald Trump often tweets from his iPhone about pressuring China to address its $375 billion trade surplus with the United States. But a closer look at the Apple smartphone reveals how the headline figure is distorte…
EU proposes online turnover tax for big tech firms
BRUSSELS (Reuters) – The European Commission proposed rules on Wednesday to make digital companies pay more tax, with U.S. tech giants such as Google , Facebook and Amazon set to foot a large chunk of any bill.
Formerly detained Saudi businessmen Alwaleed and Alhokair in talks for loans
DUBAI (Reuters) – Two businessmen formerly detained a part of Saudi Arabia’s anti-corruption campaign are now in talks with banks for loans for their firms in excess of $3 billion, sources said, suggesting that bank markets are open again for those who…
