Global shares falter on trade war fears; euro choppy amid Italian uncertainty
SYDNEY (Reuters) – Asian investors dumped shares and drove to the safety of the yen and gold on Monday amid fears of a global trade war and worries of political uncertainty in Italy, risks that cloud the outlook for world growth.
Almost 2,500 GM Korea workers apply for voluntary redundancy package
SEOUL (Reuters) – Almost 2,500 workers at General Motors’ South Korean unit, equivalent to 15 percent of its staff, have applied for a redundancy package that the U.S. automaker is offering as part of a drastic restructuring, union officials said.
Asian shares subdued; euro choppy amid Italian uncertainty
SYDNEY (Reuters) – Asian shares were on the backfoot and the safe-haven yen rose on Monday amid fears of a global trade war, while the euro was choppy as investors worried Italy’s national elections could deliver an anti-establishment government.
China keeps growth target of around 6.5 percent this year
BEIJING (Reuters) – China aims to expand its economy by around 6.5 percent this year, the same as in 2017, Premier Li Keqiang said in remarks prepared for delivery at the opening of the annual meeting of parliament on Monday.
China keeps economic growth target of around 6.5 percent this year
BEIJING (Reuters) – China aims to expand its economy by around 6.5 percent this year, the same as in 2017, Premier Li Keqiang said in remarks prepared for delivery at the opening of the annual meeting of parliament on Monday.
S&P futures slip on trade war fear, euro choppy amid Italian uncertainty
SYDNEY (Reuters) – U.S. stock futures slipped and the safe-haven yen rose on Monday amid fears of a global trade war, while the euro was volatile after results of exit polls for Italy’s elections pointed to a hung parliament.
As winter curbs end, China’s aluminum smelters face new reckoning
BEIJING (Reuters) – Some Chinese aluminum producers that shut smelters during a winter crackdown on pollution may not reopen this spring once output curbs are lifted, as planned new capacity by state-run companies threatens to overwhelm demand and cut …
Caterpillar drives sales on China’s new Silk Road
CHICAGO/NANTONG, China (Reuters) – At a Caterpillar facility in the eastern Chinese city of Nantong, an array of excavators, earth movers and road-making machinery is displayed on slopes and in mud pits.
Key U.S. lawmaker urges steel tariff exemptions for NAFTA allies
MEXICO CITY (Reuters) – An influential U.S. lawmaker said on Sunday all fairly traded steel and aluminum, especially from Canada and Mexico, should be excluded from President Donald Trump’s proposed tariffs, as he sought to calm tensions at major trade…
Key U.S. lawmaker wants exemptions for ‘fairly traded’ steel, aluminum
MEXICO CITY (Reuters) – Kevin Brady, chairman of the U.S. House Ways and Means Committee, said on Sunday all fairly traded steel and aluminum, especially from Canada and Mexico, should be excluded from President Donald Trump’s proposed tariffs.
