Dow sheds 250 points as trade war worries weigh on industrials
(Reuters) – The Dow Jones Industrial Average shed more than 250 points on Wednesday as U.S. manufacturers continued to suffer from concerns over the impact of new tariffs on trade.
Bayer reports progress in talks with Russia over Monsanto deal
MOSCOW (Reuters) – Bayer said on Wednesday progress was being made in talks with Russia’s competition watchdog FAS over the company’s planned takeover of Monsanto.
U.S. energy pipeline developers to seek exemptions to steel tariff
HOUSTON/SEOUL (Reuters) – U.S. energy pipeline developers say they intend to pursue exemptions to the Trump Administration’s proposed steel tariffs, as concerns grow for those companies and from key exporters to the United States like South Korea.
Wall Street slips as industrials lag
(Reuters) – Wall Street’s main indexes gave up opening gains on Wednesday as industrial companies continued to suffer from concerns over the impact of new tariffs on trade.
China sovereign fund exits Blackstone investment after 11 years
HONG KONG (Reuters) – China’s sovereign wealth fund China Investment Corp (CIC) has sold its equity holding in Blackstone Group LP , the U.S. private equity firm said in a filing, ending an 11-year investment.
France to sue Google, Apple over developer contracts: minister
PARIS (Reuters) – France said on Wednesday it will take Google and Apple to court and seek fines of 2 million euros ($2.5 million) over what it termed “abusive” contractual terms imposed by the tech giants on startups and developers.
U.S. retail sales falter; underlying producer prices rise solidly
WASHINGTON (Reuters) – U.S. retail sales fell for a third straight month in February as households cut back on purchases of motor vehicles and other big-ticket items, pointing to a slowdown in economic growth in the first quarter.
Mexico’s Cemex says under U.S. DOJ investigation
MEXICO CITY (Reuters) – Mexico’s Cemex said on Wednesday that it had received information requirements from the U.S. Department of Justice (DOJ) over its operations in Colombia and other jurisdictions.
Wall Street opens higher as tech stocks recover
(Reuters) – Wall Street opened higher on Wednesday as technology stocks recovered from losses and economic data further eased fears of faster interest rate hikes in 2018.
All Toys “R” Us shops to shut in Britain
(Reuters) – Toys “R” Us stores will disappear from Britain’s shopping streets within six weeks, joint administrators for the retailer said on Wednesday, announcing plans to close the group’s remaining 75 shops.
