Target shares dive on earnings outlook, price cut plans
NEW YORK (Reuters) – Target Corp said on Tuesday it will rely more on low prices to compete with rivals like Wal-Mart and Amazon, admitted many of its stores needed freshening up, and told Wall Street its sales and profit estimates for 2017 are too hi…
Xi says China must ‘unswervingly’ crackdown on financial irregularities
BEIJING (Reuters) – Chinese President Xi Jinping said the nation must “unswervingly” crackdown on financial irregularities and illegal behaviors, while improving shortcomings in its market supervision, state news agency Xinhua quoted him as saying on T…
Trump says ‘revved up economy’ will pay for budget proposals: Fox
WASHINGTON (Reuters) – President Donald Trump said he believes the extra $54 billion dollars he has proposed spending on the U.S. military will be offset by a stronger economy as well as cuts in other areas.
China says concerned by Europe’s latest steel anti-dumping duties
BEIJING (Reuters) – China’s Commerce Ministry said on Tuesday it was “seriously concerned” by what it said was Europe’s increasing protectionism in the steel industry after regulators slapped anti-dumping duties on certain types of plate steel imports …
With businesses split on U.S. border tax, wider reform looks shaky
WASHINGTON (Reuters) – Major U.S. corporations are going to war in Washington over a Republican ‘border adjustment’ tax proposal meant to boost exports over imports, with lawmakers in Congress coming under pressure from some of the nation’s biggest em…
Trump’s ‘big’ spending hopes prop up stocks
LONDON (Reuters) – World stocks hovered just off all-time highs and were on course for a fourth straight month of gains on Tuesday, as investors awaited a speech by U.S. President Donald Trump for signals on infrastructure spending and tax cuts.
Lockheed Martin F-35 reliability pulled down by early versions: U.S. official
AVALON (Reuters) – The overall reliability of Lockheed Martin Corp’s F-35 fighter jets is being pulled down by initial versions of the aircraft which do not perform as well as more recently delivered jets, the Pentagon’s head of the F-35 program said …
Hochtief could bid for U.S. border wall contract: CEO
DUESSELDORF, Germany (Reuters) – German builder Hochtief is keen for more work in the United States, including any possible contract to build a wall on the U.S. border with Mexico, Chief Executive Marcelino Fernandez Verdes said.
Saudi Aramco to buy $7 billion stake in Petronas’ RAPID refinery project
KUALA LUMPUR (Reuters) – Saudi oil giant Aramco will buy an equity stake in Malaysian firm Petronas’ major refining and petrochemical project, the companies said on Tuesday, pumping in $7 billion in its biggest downstream investment outside the kingdom…
China’s ‘glass king’ to complete U.S. expansion despite Trump tensions
HONG KONG (Reuters) – China’s largest auto glass manufacturer, Fuyao Glass Industry Group , will press ahead with investments worth about $1 billion in the United States this year despite criticism at home amid growing China-U.S. tensions, the company’…
