China May factory activity holds up on boost from steel, construction
BEIJING (Reuters) – China’s manufacturing and services sectors expanded at a solid pace in May thanks to robust construction and infrastructure investment, welcome news for authorities trying to strike a balance between maintaining stable economic grow…
‘Green’ mutual funds bounce back after Trump-induced retreat
BOSTON (Reuters) – After U.S. President Donald Trump’s election last November, investors pulled nearly $68 million from so-called “green” mutual funds, reflecting fear that his pro-coal agenda would hurt renewable energy firms.
Toshiba unable to present audited results at end-June shareholders meeting
TOKYO (Reuters) – Toshiba Corp said on Wednesday it would not be able to present its audited annual business results for the fiscal year ended March at its general shareholders meeting on June 28.
Exxon shareholders approve climate impact report in win for activists
DALLAS (Reuters) – Exxon Mobil Corp’s chief executive said on Wednesday the company would reconsider how it communicates the risks it faces from climate change after shareholders approved a measure calling for increased transparency.
Global stocks close lucrative May on a high, sterling hits eight-week low
LONDON (Reuters) – Stocks rose on Wednesday as investors looked to close the month on a high, while sterling fell after an opinion poll suggested the ruling Conservatives could lose seats in next week’s UK general election, potentially leading to a hun…
U.S. proposes fining United $435,000 over 2014 flights
WASHINGTON (Reuters) – The U.S. Federal Aviation Administration on Tuesday proposed fining United Airlines $435,000 for operating 23 flights in 2014 with a Boeing 787 that the government alleged was not in airworthy condition.
Uber fires self-driving car chief at center of court case
SAN FRANCISCO (Reuters) – Uber Technologies Inc said on Tuesday it fired the technology whiz it had hired to lead its self-driving unit, Anthony Levandowski, after he failed to comply with a court order to hand over documents at the center of a legal d…
Daimler aims to expand supplier base in Alabama
FRANKFURT (Reuters) – Daimler’s Mercedes-Benz “sees value” in having more suppliers in the U.S. state of Alabama, where it has a factory in Tuscaloosa, the group said on Tuesday.
Analysts see more gains as Amazon shares break $1,000
NEW YORK (Reuters) – Amazon.com on Tuesday became the second of the current S&P 500 components to hit the $1,000 price mark, beating Google parent Alphabet to the punch and underscoring a massive rally in large-cap technology-related stocks.
BlackRock CEO Fink says second-quarter earnings could disappoint
NEW YORK (Reuters) – BlackRock Chief Executive Larry Fink said on Tuesday that U.S. financial markets are “probably fully priced at this moment,” and that second-quarter earnings and growth could disappoint investors.
