EU promises tough line on U.S., China while pushing for free trade
BRUSSELS (Reuters) – German Chancellor Angela Merkel warned U.S. President Donald Trump on Friday that Europe would react in kind if the United States did not play fair in trade, while EU leaders also agreed to consider screening investments by state-o…
U.S. new home sales jump, median price surges to record high
WASHINGTON (Reuters) – New U.S. single-family home sales rose in May and the median sales price surged to an all-time high, suggesting the housing market had regained momentum.
Canada’s CIBC completes $5 billion PrivateBancorp buy
TORONTO (Reuters) – Canadian Imperial Bank of Commerce has completed the $5 billion acquisition of Chicago-based PrivateBancorp , which will help it diversify from its domestic market, it said on Friday.
Tech, energy shares lift Wall Street
NEW YORK (Reuters) – Wall Street ended higher on Friday as gains in tech and energy stocks more than offset weakness in the financial sector, while a slide in Home Depot kept the Dow in check.
Accenture unloads $1.6 billion in pension liabilities to AIG, MassMutual
(Reuters) – Consulting and outsourcing services provider Accenture Plc said on Friday it would transfer $1.6 billion in pension obligations to insurers American International Group Inc and MassMutual.
Ford recalls 15,600 cars in South Africa over fire risk
JOHANNESBURG (Reuters) – Ford Motor Co is recalling nearly 16,000 Ikon and Figo models in South Africa due to a potential fire risk, it said on Friday.
VW waives appeal against German dieselgate compensation cases
BERLIN (Reuters) – German carmaker Volkswagen has agreed to buy back diesel cars equipped with illicit emissions control software after deciding not to appeal a German court ruling backing plaintiffs’ calls for compensation.
Elbit Systems says innovation key to crowded drone market
PARIS (Reuters) – Israeli defense electronics company Elbit Systems Ltd , is moving quickly to innovate and maintain its edge in a global market in which it faces increasing competition from China, France, Turkey and others.
China’s ICBC says checks of loans to big acquirers are routine
BEIJING (Reuters) – Industrial and Commercial Bank of China (ICBC) said on Friday its checks of loans to companies that made overseas acquisitions is routine, following reports that the regulator had ordered lenders to assess credit extended to a handf…
Oil slide muddies inflation outlook, weighs on stocks
LONDON (Reuters) – World stocks struggled to hold onto earlier gains on Friday and were poised for a flat end to the week following another wobble in energy shares, while a tentative bounce in oil prices helped commodity-related currencies gain against…
