Trump’s push to fund wall may be delayed as government shutdown looms
WASHINGTON (Reuters) – U.S. President Donald Trump indicated an openness on Monday to delaying his push to secure funds for his promised border wall with Mexico, potentially eliminating a sticking point as lawmakers worked to avoid a looming shutdown o…
HSBC confident can maintain dividend, exceed cost targets: CEO
HONG KONG (Reuters) – HSBC Holdings Plc is confident it can maintain dividend payouts in the foreseeable future and expects to exceed risk-weighted asset and cost-saving targets, the bank’s chief executive Stuart Gulliver said on Monday.
China clamps down on excess steel as Japan decries Trump ‘protectionism’
MANILA/BEIJING (Reuters) – Twenty-nine Chinese steel firms have had their licenses revoked as Beijing kept up its campaign to tackle overcapacity in the sector and days after U.S. President Donald Trump said he would open a probe into cheap steel expor…
Luxury shoe brands Jimmy Choo and Bally put up for sale
LONDON (Reuters) – British luxury retailer Jimmy Choo has put itself up for sale to try to maximize shareholder value as majority investor JAB increases its focus on consumer goods.
Trump resorting to unilateralism with steel probe: China Daily
BEIJING (Reuters) – Washington’s move to probe steel imports could trigger a trade dispute between the United States and its major trading partners, who are likely to take retaliatory steps, the official China Daily said in an editorial on Monday.
CEO to go after LafargeHolcim admits paying Syrian groups
ZURICH (Reuters) – LafargeHolcim Chief Executive Eric Olsen will leave the company in July after the world’s largest cement maker admitted on Monday it had paid armed groups to keep a factory operating in war-ravaged Syria.
U.S. Chamber of Commerce chief expects basic NAFTA deal by mid-2018
MEXICO CITY (Reuters) – The United States, Mexico and Canada are likely to reach a basic accord over reworking the North American Free Trade Agreement (NAFTA) by the middle of next year, the head of the biggest U.S. business lobby group said on Sunday….
Tesla’s big Model 3 bet rides on risky assembly line strategy
(Reuters) – Tesla Inc Chief Executive Elon Musk took many risks with the technology in his company’s cars on the way to surpassing Ford Motor Co’s market value. Now Musk is pushing boundaries in the factory that makes them.
Oil recovers some ground, rise in U.S. drilling caps gains
LONDON (Reuters) – Oil prices recovered some lost ground on Monday after big losses last week, driven by expectations that OPEC will extend output cuts till the end of 2017, although a rise in U.S. drilling capped gains.
China policymakers bullish on economy, cite strong first-quarter GDP, stable yuan
SHANGHAI (Reuters) – Policymakers in China are pushing a bullish message on the world’s second-biggest economy after a solid first quarter, pointing to a slow down in capital outflows and a stable yuan after a selloff last year stoked fears of instabil…
