GRANITE CITY, Ill. (Reuters) – After Donald Trump was elected president in 2016 on a pledge to “Make America Great Again” and revive the country’s old industrial heartland, Dave Chrusciel hoped someday to return to his previous job at the steel mill here in this southern corner of Illinois. Steel workers return to work after
(Reuters) – The consumer staples index .SPLRCS, the S&P 500’s biggest laggard for 2018, could have further to fall and may even look less appealing as a defensive play in the event the economy turns sour. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 21, 2018.
BRUSSELS (Reuters) – Search engines like Google (GOOGL.O) and Microsoft’s Bing (MSFT.O) could be made to pay for showing snippets of news articles under draft copyright rules endorsed by European Union ambassadors on Friday. The logo of Google is pictured during the Viva Tech start-up and technology summit in Paris, France, May 25, 2018. REUTERS/Charles
BONN (Reuters) – Bayer (BAYGn.DE) said positive synergy effects from the planned takeover of U.S. seeds maker Monsanto (MON.N) would be about $300 million below its previous target because it will sell more businesses than initially expected to get antitrust approval. Werner Baumann, CEO of German pharmaceutical and chemical maker Bayer AG, attends the annual
SAN FRANCISCO (Reuters) – Alphabet Inc’s Google sought to ease online publisher concerns on Thursday about the effects European data privacy rules going into effect in just a few hours will have on their ad business. FILE PHOTO: Silhouettes of laptop and mobile device users are seen next to a screen projection of Google logo
(Reuters) – A U.S. threat that it may introduce tariffs on foreign auto imports drew strong criticism on Thursday from the country’s main business lobbying group, which warned a “staggering” blow to the industry and the prospect of a global trade war. Automobiles are on a truck for delivery to a car lot in Queens,
WASHINGTON (Reuters) – The Trump administration has launched a national security investigation into car and truck imports that could lead to new U.S. tariffs similar to those imposed on imported steel and aluminum in March. The national security probe under Section 232 of the Trade Expansion Act of 1962 would investigate whether vehicle and parts
WASHINGTON (Reuters) – U.S. President Donald Trump said on Wednesday he asked his commerce secretary to considering opening an investigation into the effect of vehicle imports on national security, a move that could lead to the imposition of tariffs. FILE PHOTO: U.S. President Donald Trump talks with auto industry leaders, including General Motors CEO Mary
WASHINGTON (Reuters) – U.S. President Donald Trump on Wednesday signaled a new direction in U.S.-China trade talks and said any deal would need “a different structure,” fueling uncertainty over current negotiations and sending U.S. stocks lower. FILE PHOTO: Chinese and U.S. flags are set up for a meeting during a visit by U.S. Secretary of
BEIJING (Reuters) – Tesla Inc (TSLA.O) has slashed up to $14,000 off its Model X in China after Beijing announced major tariff cuts for imported automobiles, a potential sales boost for the U.S. firm as the world’s largest auto market pivots towards electric cars. FILE PHOTO: Visitors look at a Tesla Model S car at
PARIS (Reuters) – France’s rail unions will announce on Wednesday the results of a staff ballot on government plans to create a leaner, more efficient public railway company before the monopoly is opened to competition in line with European Union rules. FILE PHOTO: French state-owned SNCF railway company employees and labour union members demonstrate as
(Reuters) – British oil giant BP Plc said it plans to cut 3 percent of jobs in exploration and production, as part of a restructuring of its global upstream business to make the division more efficient and competitive. FILE PHOTO: The logo of BP is seen at a petrol station in Kloten, Switzerland October 3,
SYDNEY (Reuters) – Asian shares skidded on Tuesday as a strong dollar sapped demand for emerging market assets while surging oil prices stoked concerns about a flare-up in inflation and faster U.S. interest rate increases. Market prices are reflected in a glass window at the Tokyo Stock Exchange (TSE) in Tokyo, Japan, February 6, 2018.
BEIJING/WASHINGTON (Reuters) – Washington and Beijing both claimed victory on Monday as the world’s two largest economies stepped back from the brink of a global trade war and agreed to hold further talks to boost U.S. exports to China. Over the weekend, the two sides pledged to keep talking about how China could import more
WASHINGTON (Reuters) – The U.S. Supreme Court delivered a blow to the rights of workers on Monday by allowing companies to require them to sign away their ability to bring class-action claims against management, agreements already in place for about 25 million employees. FILE PHOTO: Light from the setting sun shines on the Supreme Court