Cohn exit adds to Wall Street trade war fears
(Reuters) – Wall Street’s main indexes fell on Wednesday as investors worried the exit of staunch free trade supporter Gary Cohn from the White House made the imposition of hefty steel and aluminum tariffs and eruption of a global trade war more likely…
U.S. Energy Secretary Rick Perry says unsure if Trump’s views on tariffs are final
HOUSTON (Reuters) – U.S. Energy Secretary Rick Perry said on Wednesday that he is “not sure” President Trump has finished making up his mind on levying tariffs on imported steel and aluminum.
Daimler, Volvo Cars executives skeptical over Geely alliance plan
GENEVA (Reuters) – Executives at Daimler and Volvo Cars question the viability and industrial logic of a plan by their major shareholder, China’s Geely, to form an auto industry alliance to counter “tech invaders.”
Exclusive: Nissan in talks to buy France’s Renault stake in merger prelude
LONDON/FRANKFURT/GENEVA (Reuters) – Renault and alliance partner Nissan are discussing plans for a closer tie-up in which the Japanese carmaker would acquire the bulk of the French state’s 15 percent Renault holding, people close to the matter told R…
Wall Street falls as Cohn’s exit adds to trade war fears
(Reuters) – U.S. stocks fell on Wednesday as investors fretted that the exit of staunch free trade supporter Gary Cohn could encourage President Donald Trump to go ahead with his threat to impose hefty tariffs and risk a global trade war.
Exxon woos Wall St. with bold plan to double earnings by 2025
NEW YORK (Reuters) – Exxon Mobil Corp , the world’s largest publicly traded oil producer, said on Wednesday it expects earnings to more than double by 2025 to $31 billion, with crude prices at or above current levels.
EU warns Trump of trade war, China raises concerns at WTO
LUXEMBOURG/GENEVA (Reuters) – Europe and the IMF urged Donald Trump on Wednesday to step back from the brink of a trade war, after the resignation of his economic adviser emboldened those encouraging him to push ahead with tariffs on imported steel and…
Dow falls 1 percent at open after Cohn’s exit
(Reuters) – The Dow Jones Industrial Average opened 1 percent lower on Wednesday as the exit of free trade backer Gary Cohn triggered concerns that President Donald Trump may move ahead with his threat to impose hefty metal tariffs and ignite a global …
Dollar Tree same-store sales, forecast disappoint; shares fall
(Reuters) – Discount store operator Dollar Tree Inc on Wednesday reported disappointing holiday-quarter sales and issued a full-year profit forecast that was below expectations, as it spends more, sending its shares down as much as 16 percent.
U.S. trade deficit hits more than nine-year high as exports falter
WASHINGTON (Reuters) – The U.S. trade deficit increased to a more than nine-year high in January, with the shortfall with China widening sharply, suggesting that President Donald Trump’s “America First” trade policies are unlikely to have a material im…
