U.S. trade deficit falls as exports hit more than 1-1/2 year high
WASHINGTON (Reuters) – The U.S. trade deficit fell in December as exports hit their highest level in more than 1-1/2 years amid record shipments of technology products, but strengthening domestic demand points to further rises in imports, which could c…
U.S. government has itself to blame for dollar strength: Bundesbank
MAINZ, Germany (Reuters) – The U.S. administration should blame itself rather than Germany for a recent strengthening of the dollar against the euro, the head of Germany’s Bundesbank said on Tuesday.
GM fourth-quarter profit falls on currency losses; stock tumbles
DETROIT (Reuters) – General Motors Co said on Tuesday that fourth-quarter net income fell partly on the strength of the dollar against the British pound and forecast flat 2017 profit per share, sending shares tumbling nearly 5 percent.
VW launches U.S. electric vehicle infrastructure unit
WASHINGTON (Reuters) – Volkswagen Group of America on Tuesday announced a U.S. subsidiary that will manage $2 billion in investments in zero emission vehicle infrastructure and awareness programs over a decade as part of a court settlement over its exc…
Channeling Steve Jobs, Apple seeks design perfection at new ‘spaceship’ campus
SAN FRANCISCO (Reuters) – Inside the original Macintosh computer, Apple co-founder Steve Jobs inscribed the signatures of his team, revealing his deep concern for even the hidden features of his products.
Michael Kors’ weak forecast suggests turnaround to take longer
(Reuters) – Michael Kors Holdings Ltd forecast current-quarter profit below estimates, raising concerns that the company’s efforts to reinvigorate its brand was taking much longer than expected, sending the handbag maker’s shares down 15 percent.
BMW agrees to settle vehicle water damage suit for up to $478 million
WASHINGTON (Reuters) – German automaker BMW AG has agreed to pay up to $477.7 million to settle a class-action lawsuit covering about 318,000 U.S. luxury car owners who may have suffered water damage harming electrical components in vehicle trunks.
Trump’s policies to drive FX, but strong dollar here to stay: Reuters Poll
(Reuters) – The dollar will resume its upward climb in the coming year, but extreme near-term moves in either direction are possible, driven more by U.S. President Donald Trump’s expected fiscal stimulus than by his words, a Reuters poll found.
Trump banking review raises fears for global standards talks
LONDON (Reuters) – President Donald Trump’s review of post-crisis banking rules could sound the death knell for new global standards now being finalised and rip apart a common approach to regulating international lenders, bankers and regulators said.
Lloyds bows to pressure to review HBOS fraud compensation claims
LONDON (Reuters) – Lloyds Banking Group is to review the cases of British businesses which lost out in a 245 million pound ($303 million) fraud for which six people were jailed last week.
