Wall Street slips after Trump announces import tariffs
(Reuters) – Wall Street’s main indexes fell on Thursday after President Donald Trump said the United States would impose tariffs of 25 percent on steel imports and 10 percent on imported aluminum next week.
More banks set to join financing for Blackstone’s TR buyout
NEW YORK (LPC) – The three banks leading the US$13.5bn-equivalent loan and bond financing backing US private equity firm Blackstone Group’s acquisition of a majority stake in Thomson Reuters’ Financial and Risk (F&R) unit are set to sign more banks into the deal.
Talks on NAFTA autos impasse to be scheduled between rounds: sources
MEXICO CITY (Reuters) – U.S., Mexico and Canada plan to schedule extra discussions on trade rules for auto production in North America if no progress is made on the issue in the current round of NAFTA negotiations, two people familiar with the matter s…
Justice Department asked Wells Fargo to probe wealth management unit: WSJ
(Reuters) – The U.S. Department of Justice in late 2017 told Wells Fargo & Co to investigate its wealth management business after whistleblowers accused the bank of pushing inessential products or services to customers, the Wall Street Journal reported on Thursday.
How Geely’s Li Shufu spent months stealthily building a $9 billion stake in Daimler
SHANGHAI/BEIJING (Reuters) – When Daimler announced that Li Shufu had acquired almost 10 percent of the automaker last Friday, it caught financial markets – and German regulators – by surprise.
Fed chief Powell says no evidence U.S. economy overheating
WASHINGTON (Reuters) – Federal Reserve Chairman Jerome Powell said on Thursday the U.S. economy does not appear to be running hot, even as the influential head of the New York Fed suggested a faster pace of interest rate increases may still be in the o…
EU, U.S clear Essilor’s 48 billion euro merger with Luxottica
PARIS (Reuters) – European and U.S. competition regulators on Thursday approved the 48-billion-euro ($58 billion) merger of Italian eyewear maker Luxottica and French lens manufacturer Essilor , sending shares in both companies higher.
U.S. monthly inflation picks up; jobless claims at 48-year low
WASHINGTON (Reuters) – U.S. consumer prices increased in January, with a gauge of underlying inflation posting its largest gain in 12 months, bolstering views that price pressures will accelerate this year.
Wall Street down, steel tariff fears hit industrial stocks
(Reuters) – Wall Street’s main indexes fell on Thursday as industrial stocks, including heavyweights Boeing and Caterpillar, took a beating on fears that potential tariffs on steel imports could hit profits.
AB InBev sees strong 2018 growth after Brazil rebound
LEUVEN, Belgium(Reuters) – Anheuser-Busch InBev , the world’s largest brewer, forecast strong growth this year after a recovery in Brazil led to higher than expected earnings at the end of 2017, its first year since buying closest rival SABMiller.
