NAFTA talks soured, hamstrung by Trump steel trade war threats
MEXICO CITY (Reuters) – U.S. President Donald Trump’s threats to unleash a trade war over steel crushed any hopes of substantial progress in talks to rework NAFTA, pitching negotiators into a political maelstrom and heightening fears for the trade deal…
Wall Street set for weekly losses on trade war fears
(Reuters) – U.S. stock indexes recouped some losses on Friday, but were on track to end the week in the red as investors fretted over a possible global trade war following President Donald Trump’s promise to impose import tariffs on steel and aluminum….
‘Trade wars are good,’ Trump says, defying global concern over tariffs
WASHINGTON (Reuters) – U.S. President Donald Trump struck a defiant tone on Friday, saying trade wars were good and easy to win, after his plan to put tariffs on steel and aluminum imports triggered threats of retaliation from trading partners and a sl…
U.S. charges 10 in alleged global stock fraud involving a Picasso
NEW YORK/LONDON (Reuters) – The U.S. Department of Justice on Friday unveiled criminal charges against 10 defendants, including London-based brokerage Beaufort Securities Ltd, over their alleged roles in a more than $50 million stock fraud and a launde…
Diesel vehicle refits costly and could affect performance, Volkswagen says
BERLIN (Reuters) – Volkswagen is not against upgrading the exhaust systems of older diesel cars to make them cleaner, but could not afford to pay for such a huge undertaking itself and is concerned it might impair vehicle performance, its CEO said.
BlackRock poses tough questions for gunmakers and sellers
BOSTON (Reuters) – BlackRock Inc, a top shareholder in several gunmakers and weapons retailers, said on Friday it has begun asking those companies tough questions about how well they monitor the sales and use of firearms following a deadly high schoo…
Exclusive: EU may target $3.5 billion of U.S. imports for trade retaliation – sources
BRUSSELS (Reuters) – The European Union is considering applying 25 percent tariffs on around $3.5 billion of imports from the United States if President Donald Trump carries out his plan to apply global duties to steel and aluminum, EU sources say.
RBS could settle with U.S. Department of Justice within weeks: Sky News
LONDON (Reuters) – Britain’s Royal Bank of Scotland could reach a multi billion-dollar settlement with the U.S. Department of Justice (DoJ) over its mis-selling of toxic mortgage-backed securities within weeks, Sky News reported on Friday, citing sour…
J.C. Penney sees year profit largely below Wall Street, shares dive
(Reuters) – J.C. Penney Co Inc forecast broadly lower-than-expected full-year profit on Friday as the department store operator grapples with weak demand for its clothes and fierce online competition, sending its stock down 10 percent.
Trump defiant after global criticism of steel, aluminium tariffs
WASHINGTON/BRUSSELS (Reuters) – U.S. President Donald Trump struck a defiant tone on Friday, saying trade wars were good and easy to win, after his plan to put tariffs on imports of steel and aluminium triggered global criticism and a slide in world st…
