Stock futures fall as Cohn’s exit heightens trade war worries
(Reuters) – U.S. stock index futures fell sharply on Wednesday after the resignation of top economic adviser Gary Cohn, a supporter of free trade in the White House, triggered worries that President Donald Trump may push ahead with plans to impose heft…
Exclusive: Goldman puts London staff on notice for German move by June – sources
LONDON/FRANKFURT (Reuters) – Goldman Sachs has put more than a dozen UK-based banking, sales and trading staff on notice to move to Frankfurt within weeks, two sources with knowledge of the matter said, as it braces for divorce between Britain and the…
Investors bet on component makers in electric car shift
LONDON (Reuters) – As carmakers ramp up spending on self-driving and electric vehicles (EVs), many investors are betting their component suppliers will be the first winners from the technology shifts.
Japan to punish several cryptocurrency exchanges, halt operations at others: Nikkei
TOKYO (Reuters) – Japan’s financial regulator will this week slap several cryptocurrency exchanges with administrative punishment notices and is considering forcing some to suspend their business, the Nikkei business daily reported on Wednesday.
Saudi crown prince seeks solution to banks’ $2.6 billion Islamic tax row: sources
RIYADH/DUBAI (Reuters) – Crown Prince Mohammed bin Salman has directed the Saudi government to resolve a dispute with banks facing higher Islamic tax liabilities, banking sources say, in an attempt to avoid any damage to his push to diversify the econo…
Shakes and superstition: Exxon faces backlash in Papua New Guinea
SYDNEY/SINGAPORE (Reuters) – A deadly earthquake that struck ExxonMobil’s $19 billion gas project in the mountains of Papua New Guinea is sparking a backlash against the U.S. energy giant that could prove harder to fix than buried roads and broken pipe…
Global stocks sag as key Trump adviser quits, stoking trade war fears
LONDON (Reuters) – Global stocks and the dollar fell on Wednesday after a strong advocate of free trade resigned from the White House, fanning fears that U.S. President Donald Trump will proceed with protectionist tariffs and risk a trade war.
India PNB’s CEO meets serious fraud office amid probe into $2 billion scam
MUMBAI (Reuters) – The chief executive of India’s Punjab National Bank (PNB) met officials of the serious fraud office on Wednesday, as authorities widened a probe into a $2 billion fraud that has been billed as the country’s biggest banking scam.
Global stocks slump as key Trump adviser quits, stoking trade war fears
TOKYO (Reuters) – Global stocks and the dollar slumped on Wednesday after a strong White House advocate for free trade resigned, fanning fears that President Donald Trump will proceed with protectionist tariffs and risk a trade war.
Trump tariffs would barely raise Boeing’s prices but could hurt sales
NEW YORK (Reuters) – President Donald Trump’s plan to slap tariffs on imported steel and aluminum would barely budge the price of a Boeing Co jetliner or fighter plane, belying fears of a big blow to U.S. industry, aerospace analysts said.
