NAFTA nations plan talks progress under barrage of Trump threats
MEXICO CITY (Reuters) – Trade negotiators plan to take small steps forward in a second round of talks to rework the North American Free Trade Agreement (NAFTA) this weekend, trying to ignore daily threats from U.S. President Donald Trump to tear it up …
GE’s new CEO preparing job cuts in bid to reduce costs: source
NEW YORK (Reuters) – General Electric Co is making plans to significantly reduce corporate staff in an effort to cut spending and boost profits under its new chief executive, and the company already has halted hiring in certain technology positions, a …
BHP hires Barclays, Citi for U.S. shale gas divestment: sources
LONDON (Reuters) – BHP Billiton , the world’s largest miner, has hired Barclays and Citigroup to help it exit its underperforming U.S. shale oil and gas business, which could fetch around $10 billion, two banking sources said.
Goldman plots return to banking growth mode through hires, investments
HONG KONG (Reuters) – Goldman Sachs Group Inc plans to add about half a dozen senior bankers over the next six months or so and invest more in Asia using its balance sheet as the Wall Street firm seeks to switch to a growth mode in investment banking, …
Diplomatic spat casts long shadow over Hyundai factory town in China
BEIJING (Reuters) – In the industrial outskirts of Beijing, a local community in the shadow of a giant Hyundai Motor Co manufacturing complex is feeling the fallout from a fierce diplomatic standoff between China and South Korea.
U.S. house prices to keep rising on supply constraints: Reuters poll
BENGALURU (Reuters) – U.S. house prices are forecast to rise by a cumulative 10 percent over this year and next, driven by a scarcity of new homes, low interest rates and steadily-increasing demand, a Reuters poll of property market analysts showed.
BAT restructures to help e-cigarettes go mainstream
(Reuters) – British American Tobacco has reorganized its regional management structure to integrate its vaping products with its core business, in a push by the world’s biggest listed tobacco company to help cigarette alternatives go mainstream.
The budget bank rattling South Africa’s financial sector
STELLENBOSCH, South Africa (Reuters) – A budget bank is booming in South Africa’s economic slump, challenging the decades-long dominance of the “big four” lenders and prompting a price war that is driving down banking costs in a country where many peop…
Amazon hit with lawsuit over eclipse glasses
NEW YORK (Reuters) – Amazon.com has been hit with a proposed class action lawsuit by a couple who claims defective eclipse glasses purchased through the online retailer damaged their eyes.
Blow to South Korean carmakers as workers win partial victory over Kia
SEOUL (Reuters) – A South Korean court gave workers a partial victory on Thursday in a closely watched pay dispute with Kia Motors , ordering the automaker to pay about 420 billion won (289.13 million pounds) in unpaid wages.
