Euro hits one-year high vs. yen, tops $1.10 on French election relief
LONDON (Reuters) – The euro topped $1.10 for the first time since the U.S. elections on Sunday and climbed to a one-year high against the safe-haven yen on relief that Emmanuel Macron had beaten the far-right Marine Le Pen to clinch the French presiden…
Macron to take time reforming economy in divided France
BERLIN/PARIS (Reuters) – After a decade of slow growth, rising unemployment and dwindling competitiveness, France elected a president on Sunday who says he has a plan to pull the country out of its economic malaise.
Exclusive: Sinclair Broadcast nears deal for Tribune Media – sources
(Reuters) – Sinclair Broadcast Group Inc is nearing a deal to acquire Tribune Media Co after prevailing in an auction for the U.S. regional TV station owner, people familiar with the matter said on Sunday.
Reporters barred from Kushner Companies’ visa-for-investment event in China
SHANGHAI (Reuters) – Organizers barred journalists on Sunday from a publicly advertised event in Shanghai that offered Chinese investors the chance to get U.S. immigrant visas if they put money in a real estate project linked to the family of President…
Fed’s Williams sees balance sheet as future policy tool
PALO ALTO (Reuters) – San Francisco Federal Reserve Bank President John Williams on Saturday reiterated his view that the U.S. central bank should begin trimming its massive balance sheet later this year, in part so the Fed has more tools at the ready …
Shareholder adviser challenges Linde board over merger with Praxair
FRANKFURT (Reuters) – Shareholder adviser Ivox Glass Lewis has called on Linde investors to vote against signing off on the actions of its management and supervisory board due to problems in the handling of a planned merger with peer Praxair .
Mexican engineers flood Tesla hiring event in Monterrey
MONTERREY, Mexico (Reuters) – Engineers from across Mexico streamed into a cramped hotel lobby in the industrial city of Monterrey for a chance of a job with the U.S. electric vehicle maker Tesla Inc , which is looking south of the border for talent in…
U.S. Commerce chief says Canadian trade threats ‘inappropriate’
WASHINGTON (Reuters) – U.S. Commerce Secretary Wilbur Ross said on Saturday that threats of retaliatory trade actions from Canadian officials “are inappropriate” and will not influence final U.S. import duty determinations on Canadian softwood lumber.
Buffett assails Wells Fargo, defends 3G at wide-ranging meeting
OMAHA, Neb. (Reuters) – Warren Buffett, the chairman of Berkshire Hathaway Inc , on Saturday criticized Wells Fargo & Co for failing to stop employees from signing up customers for bogus accounts even after learning it was happening, causing a scandal.
Stricken Alitalia debts totaled $3.3 billion at end of February
MILAN (Reuters) – Loss-making airline Alitalia, which asked to be put under special administration on Tuesday, had debts of around 3 billion euros ($3.3 billion) as of the end of February, Italy’s government said on Saturday.
