Global stocks climb in light May Day trading; oil slips
NEW YORK (Reuters) – Apple shares hit a record high on Monday, lifting U.S. stocks and a gauge of key world equity indexes, while data on U.S. drilling and output kept downward pressure on oil prices.
Japan final April PMI shows manufacturing activity accelerating, export orders solid
TOKYO, (Reuters) – – Japanese manufacturing activity expanded at a stronger pace in April than the previous month as export orders increased, a revised survey showed on Monday, suggesting firms’ output remains on track to rise thanks to overseas demand…
Trump could target ‘carried interest’ tax loophole: official
WASHINGTON (Reuters) – The Trump administration’s push to overhaul tax laws might soon target a loophole used by some financial managers to lower their tax rates, White House Chief of Staff Reince Priebus said on Sunday.
UPS air maintenance workers threaten strike ahead of shareholders meeting
(Reuters) – A union representing 1,200 U.S. air maintenance workers at United Parcel Service Inc turned up pressure on the company on Sunday to settle a three-year contract dispute, saying it would seek clearance to strike.
Siemens, SAP sign cooperation deals with Saudi Arabia: officials
JEDDAH (Reuters) – Saudi Arabia wants German companies Siemens and SAP to play an important role in furthering the kingdom’s “digital transformation”, company officials said on Sunday during German Chancellor Angela Merkel’s visit to the country.
Sudden collapse of Alitalia would be a shock to Italy’s economy-minister
ROME (Reuters) – A sudden collapse of loss-making national airline Alitalia [CAITLA.UL] would be a great shock for Italy’s economy, Industry Minister Carlo Calenda said on Sunday.
Off target in 2016, global elite regroup at Milken conference
BEVERLY HILLS, Calif. (Reuters) – Titans of U.S. industry and Wall Street gather in Beverly Hills this week to discuss how to navigate – and profit from – hot topics such as U.S. tax reform, the upcoming French election and Chinese economic growth.
China April manufacturing growth slows faster than expected
BEIJING (Reuters) – Growth in China’s manufacturing sector slowed faster than expected in April, an official survey showed on Sunday, as producer price inflation cooled and policymakers’ efforts to reduce financial risks in the economy weighed on deman…
South Korea already working on reducing trade surplus with U.S.: finance minister
SEOUL (Reuters) – South Korea’s finance minister said on Sunday the government was already working on downsizing its trade surplus with the United States, a reference to U.S. President Donald Trump’s comments Thursday that Washington will renegotiate o…
British PM May sets out plans to protect pensions during takeovers
LONDON (Reuters) – British Prime Minister Theresa May pledged to protect workers against irresponsible practices over pensions on Sunday, promising new regulations on how schemes are handled during corporate takeovers.
