Wall Street closes higher as trade war fears ease
NEW YORK (Reuters) – U.S. stocks rallied on Monday as fears of a global trade war ebbed with investors betting that U.S. President Donald Trump would back down on his threat to impose hefty tariffs on steel and aluminum imports.
Exclusive: Fiat Chrysler to spin-off Magneti Marelli without raising money – sources
LONDON/FRANKFURT/MILAN (Reuters) – Fiat Chrysler Automobiles NV (FCA) is looking to spin off auto-parts business Magneti Marelli to its shareholders via a Milan listing that will not raise money by selling new shares, four sources familiar with the ma…
Exclusive: Chevron in talks to sell stake in Canada LNG project – sources
TORONTO/HOUSTON (Reuters) – Chevron Corp is exploring options including the sale of a minority stake in its Canadian liquefied natural gas (LNG) project as it pushes ahead, three people familiar with the matter told Reuters.
Exclusive: Airbus sets services goal, targets productivity gains
PARIS (Reuters) – Airbus has set a goal of tripling services revenues from its commercial aircraft business to $10 billion within seven years and sharply reducing the number of times its jets are stranded on the ground for technical reasons, industry s…
Wall Street extends gains as fears of trade war ease
(Reuters) – U.S. stocks swung higher on Monday as fears of a global trade war eased following mounting pressure on President Donald Trump to hold off on his threat to impose hefty tariffs on steel and aluminum imports.
Trump ups trade pressure on Canada, Mexico; senior Republicans urge rethink
WASHINGTON (Reuters) – U.S. President Donald Trump increased pressure on Canada and Mexico over trade on Monday, saying the two could avoid being caught in his planned hefty tariffs on steel and aluminum if they ceded ground in talks on a new NAFTA tra…
U.S. judge orders ex-drug executive Shkreli to give up $7.36 million
NEW YORK (Reuters) – Former drug company executive Martin Shkreli may have to give up a Picasso and a one-of-a-kind Wu-Tang Clan album, after a U.S. judge on Monday ordered him to forfeit $7.36 million following his conviction of defrauding investors.
Kobe Steel CEO to step down over quality scandal: Nikkei
(Reuters) – Kobe Steel Chief Executive Officer Hiroya Kawasaki will step down in connection with quality control lapses that resulted in substandard materials being supplied to more than 500 companies, the Nikkei newspaper reported on Tuesday.
VW mulls trucks IPO amid steps to boost efficiency: CEO
GENEVA (Reuters) – Volkswagen is pondering a stock sale of its truck and bus division as part of ongoing efforts to boost the group’s efficiency, the carmaker’s chief executive said on Monday.
Canada, Mexico push back on Trump’s ‘fair’ NAFTA deal suggestion
MEXICO CITY (Reuters) – Canada and Mexico on Monday pushed back against President Donald Trump’s suggestion that steel and aluminum tariffs could be waived if they signed a new and “fair” NAFTA deal, setting the stage for a tense end to the latest talk…
