Trump sticks to tariff level pledge even as he offers possible exemptions
WASHINGTON/PARIS/BEIJING (Reuters) – President Donald Trump is to press ahead with the imposition of 25 percent tariffs on steel imports and 10 percent on aluminum, although he said on Thursday he was willing to strike a deal that could exempt Canada a…
Exclusive: Mexico says U.S. tariffs will not pressure NAFTA talks
SANTIAGO (Reuters) – Mexico’s Economy Minister Ildefonso Guajardo said on Thursday he would not allow the United States to use planned tariffs on steel and aluminum imports to pressure the country in ongoing NAFTA talks.
Disney shareholders vote against executive compensation
(Reuters) – Walt Disney Co said on Thursday its shareholders, in a non-binding vote, rejected the executive compensation plan for Chief Executive Bob Iger and other leaders of the entertainment and theme park company.
Wall Street treads water ahead of Trump’s tariff decision
(Reuters) – The S&P 500 was roughly flat on Thursday and oscillated between positive and negative territory as investors were nervous of making bets ahead of an announcement from President Donald Trump on metal tariffs after a volatile week marked by worries about a potential trade war.
Snapchat owner to cut more than 120 engineers
SAN FRANCISCO (Reuters) – Snapchat owner Snap Inc will cut just over 120 engineers and reorganize its engineering team, according to a company memo seen by Reuters on Thursday.
‘TPP-11’ signees to send powerful signal against trade wars
SANTIAGO (Reuters) – Eleven countries will sign a landmark Asia-Pacific trade agreement without the United States in Santiago on Thursday in what one minister called a powerful signal against protectionism and trade wars.
Linde, Praxair expect bids for planned divestitures this month: sources
FRANKFURT/BRUSSELS (Reuters) – Gases groups Linde and Praxair are pressing ahead with divestitures to facilitate their planned $85 billion merger and have asked potential buyers to present first-round bids this month, people close to the matter said….
Health insurer Cigna to buy Express Scripts for about $53 billion
(Reuters) – Cigna Corp struck a deal worth almost $53 billion to buy pharmacy benefits manager Express Scripts Holding Co on Thursday, as U.S. health insurers look outside their traditional business for new ways to cut healthcare costs.
World steel markets unfazed by Trump’s tariff threat
LONDON (Reuters) – The prospect of 25 percent U.S. tariffs on steel imports has raised fears of a global trade war but steel producers outside North America believe they can weather the storm without too much disruption to their business or steel price…
U.S. jobless claims back off 48-year low; layoffs declining
WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits rebounded last week from a more than 48-year low, but the trend continued to point to robust labor market conditions.
