Business News

Brazil asks for WTO investigation of Indonesia on poultry trade

Brazil asks for WTO investigation of Indonesia on poultry trade

June 15, 2019 SAO PAULO (Reuters) – The Brazilian government has formally asked the World Trade Organization (WTO) to open a panel to investigate Indonesian policies on Brazil’s poultry exports, the Agriculture Ministry said on ...
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American Airlines asks court to end ‘devastating’ slowdown by unions

American Airlines asks court to end ‘devastating’ slowdown by unions

June 14, 2019 (Reuters) – American Airlines Group Inc on Friday asked a federal court to quickly halt an alleged illegal slowdown by mechanics’ unions that has become “devastating” to the airline’s operations. The world’s ...
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U.S. to launch public hearings on additional China tariffs next week

U.S. to launch public hearings on additional China tariffs next week

June 14, 2019 WASHINGTON (Reuters) – The U.S. Trade Representative’s Office on Monday will kick off seven days of testimony from U.S. retailers, manufacturers and other businesses about President Donald Trump’s plan to hit another ...
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U.S. Justice Department set to decide on T-Mobile, Sprint merger as soon as next week: source

U.S. Justice Department set to decide on T-Mobile, Sprint merger as soon as next week: source

June 14, 2019 By David Shepardson WASHINGTON (Reuters) – The U.S. Justice Department is set to decide as early as next week whether to approve the $26.5-billion merger of wireless carriers T-Mobile USA and Sprint ...
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Brazil oil workers join pension reform protests with strike action

Brazil oil workers join pension reform protests with strike action

June 14, 2019 SAO PAULO (Reuters) – Oil workers at state-run Petroleo Brasileiro SA have begun a 24-hour strike in eight Brazilian states as part of nationwide protests against a government proposal to reform pensions, ...
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Apollo in talks to finance Dish Network bid for T-Mobile, Sprint assets – sources

Apollo in talks to finance Dish Network bid for T-Mobile, Sprint assets – sources

June 14, 2019 By Angela Moon, Sheila Dang and Greg Roumeliotis (Reuters) – Private equity group Apollo Global Management is in talks with satellite TV provider Dish Network to finance a bid for wireless assets ...
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All eyes on Fed as stock market pines for rate cut

All eyes on Fed as stock market pines for rate cut

June 14, 2019 By Chuck Mikolajczak NEW YORK (Reuters) – The Federal Open Market Committee meeting next week is shaping up as a pivotal one for Wall Street, with stocks primed for a selloff should ...
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Moody’s downgrades Turkey rating to B1, ministry challenges move

Moody’s downgrades Turkey rating to B1, ministry challenges move

June 14, 2019 ISTANBUL (Reuters) – Moody’s cut Turkey’s sovereign credit rating deeper into “junk” territory on Friday, saying the risk of a balance of payments crisis continued to rise, and with it the risk ...
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Mexico ready to retaliate if U.S. imposes tariffs: minister

Mexico ready to retaliate if U.S. imposes tariffs: minister

June 14, 2019 MEXICO CITY (Reuters) – Mexico will be ready to retaliate in kind if the U.S. government imposes tariffs on Mexican exports to the United States, Mexican Economy Minister Graciela Marquez said on ...
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Bumble owner to spend $100 million on dating apps

Bumble owner to spend $100 million on dating apps

June 14, 2019 (Reuters) – The owner of dating app Bumble said on Friday it would revamp its holding structure and spend $100 million, as it looks to better compete with Match Group’s Tinder. The ...
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Oil rises but ends week lower on demand fears despite Mideast tensions

Oil rises but ends week lower on demand fears despite Mideast tensions

June 14, 2019 By Scott DiSavino NEW YORK (Reuters) – Oil rose about 1% on Friday after attacks on two oil tankers in the Gulf of Oman this week raised concerns about potential supply disruptions, ...
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Country-specific euro zone risks remain ‘very serious’: IMF

Country-specific euro zone risks remain ‘very serious’: IMF

June 14, 2019 LONDON (Reuters) – The euro zone remains at risk of being hit by debt-crisis-style country-specific shocks, the head of the International Monetary Fund’s European department said on Friday. “Risk to the euro ...
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Dollar gains on solid retail sales, before Fed meeting

Dollar gains on solid retail sales, before Fed meeting

June 14, 2019 By Karen Brettell NEW YORK (Reuters) – The dollar index climbed to its highest in almost two weeks on Friday after encouraging retail sales data for May released ahead of a Federal ...
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Airbus readies A321XLR jetliner launch, sees A330neo sales

Airbus readies A321XLR jetliner launch, sees A330neo sales

June 14, 2019 PARIS (Reuters) – Airbus sought on Friday to heighten anticipation surrounding a new longer-range version of its A321neo and hinted at new orders for its larger A330neo plane ahead of a Paris ...
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White House economic adviser Hassett still looking at 3% GDP year: CNBC

White House economic adviser Hassett still looking at 3% GDP year: CNBC

June 14, 2019 (Reuters) – U.S. gross domestic product could still grow at a 3% rate this year, White House Council of Economic Advisers Chairman Kevin Hassett told CNBC on Friday. “We are still looking ...
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Portugal’s TAP airline quadruples amount of debentures on offer

Portugal’s TAP airline quadruples amount of debentures on offer

June 14, 2019 LISBON (Reuters) – Portugal’s flag carrier TAP-Air Portugal has quadrupled the maximum amount of its ongoing debenture loan offering to 200 million euros ($224 million), the company said in a filing with ...
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Strong U.S. retail sales improve economy’s fortunes

Strong U.S. retail sales improve economy’s fortunes

June 14, 2019 By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales increased in May and sales for the prior month were revised higher, suggesting a pick-up in consumer spending that eased fears the economy ...
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Exclusive: Business and pleasure – how Russian oil giant Rosneft uses its corporate jets

Exclusive: Business and pleasure – how Russian oil giant Rosneft uses its corporate jets

June 14, 2019 (Reuters) – Jets used for corporate travel by Russian state-owned oil major Rosneft flew at least 13 times to Mallorca, Ibiza, Sardinia and the Maldives when CEO Igor Sechin or people from ...
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United States suspends WTO intellectual property litigation against China

United States suspends WTO intellectual property litigation against China

June 14, 2019 By Tom Miles GENEVA (Reuters) – The United States has halted a World Trade Organization dispute over China’s treatment of intellectual property rights until Dec. 31, the WTO dispute panel hearing the ...
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Japan, U.S. deepened understanding over each other’s position on trade: Motegi

Japan, U.S. deepened understanding over each other’s position on trade: Motegi

June 13, 2019 WASHINGTON (Reuters) – Japan and the United States deepened their understanding over each other’s position on trade and will continue discussions, Japan’s economy minister said after meeting with U.S. Trade Representative Robert ...
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Egypt hikes fare on third Cairo metro line

Egypt hikes fare on third Cairo metro line

June 13, 2019 CAIRO (Reuters) – Egypt will raise the price of tickets on Cairo’s third metro line to as much as 10 Egyptian pounds (60 U.S. cents) starting on Saturday, the transport ministry said ...
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Top Mexico business lobby seeks to lift private sector investment

Top Mexico business lobby seeks to lift private sector investment

June 13, 2019 MEXICO CITY (Reuters) – The head of one of Mexico’s most influential business associations said on Thursday the group wants to raise private sector investment over the next two years to 20% ...
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Fannie, Freddie government guarantee should be limited: U.S. housing finance chief

Fannie, Freddie government guarantee should be limited: U.S. housing finance chief

June 13, 2019 By Katanga Johnson WASHINGTON (Reuters) – The head of the U.S. Federal Housing Finance Agency (FHFA) said on Thursday that Congress should create a “limited” explicit guarantee for government-sponsored enterprises Fannie Mae ...
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Development banks’ climate funding at all-time high in 2018

Development banks’ climate funding at all-time high in 2018

June 13, 2019 By Daphne Psaledakis BRUSSELS (Reuters) – Climate projects won record financing from the world’s big development banks last year, with funds committed up 60% since the 2015 Paris climate accord to curb ...
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Saudi Arabia says it has stepped up readiness level, committed to supply oil markets

Saudi Arabia says it has stepped up readiness level, committed to supply oil markets

June 13, 2019 DUBAI (Reuters) – Saudi Arabia is committed to providing reliable oil supplies to global markets and has stepped up readiness to deal with any threats following attacks on oil tankers in the ...
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Brazil wants China to invest in its infrastructure: vice president

Brazil wants China to invest in its infrastructure: vice president

June 13, 2019 By Ricardo Brito and Lisandra Paraguassu BRASILIA (Reuters) – Brazil wants Chinese investment in infrastructure projects as long as investors create local jobs and play by Brazilian rules, Vice President Hamilton Mourao ...
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Trump says Canada, Mexico behind trade deal, up to U.S. to get it passed

Trump says Canada, Mexico behind trade deal, up to U.S. to get it passed

June 13, 2019 WASHINGTON (Reuters) – President Donald Trump said on Thursday that Canada and Mexico are completely in line on the new North American trade deal and it is up to the United States ...
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Telcos howl, markets hail German 5G auction as newcomer joins fray

Telcos howl, markets hail German 5G auction as newcomer joins fray

June 13, 2019 By Douglas Busvine FRANKFURT (Reuters) – Germany’s pricey 5G spectrum auction drew protests from existing mobile operators but cheered investors betting the entry of a new player will revive competition and help ...
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Canada new home prices unchanged in April, biggest markets show weakness

Canada new home prices unchanged in April, biggest markets show weakness

June 13, 2019 OTTAWA (Reuters) – New home prices in Canada were flat in April for a third month in a row amid weakness in Toronto and Vancouver, the two biggest markets, Statistics Canada said ...
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OPEC cuts oil demand outlook, building case to keep supply curbs

OPEC cuts oil demand outlook, building case to keep supply curbs

June 13, 2019 By Alex Lawler LONDON (Reuters) – OPEC has cut its forecast for growth in global oil demand due to trade disputes and pointed to the risk of a further reduction, building a ...
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UK watchdog under fire for lack of penalties in RBS small-business scandal

UK watchdog under fire for lack of penalties in RBS small-business scandal

June 13, 2019 By Iain Withers LONDON (Reuters) – Britain’s financial watchdog has defended its decision not to penalize lender RBS <RBS.L> or its former executives for past mistreatment of small business customers, drawing fire ...
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Norway wealth fund must ditch ConocoPhillips after index review

Norway wealth fund must ditch ConocoPhillips after index review

June 13, 2019 By Gwladys Fouche OSLO (Reuters) – Norway’s wealth fund will have to divest its holdings in ConocoPhillips and Hess after both U.S. oil companies were added to a list which effectively excludes ...
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Energy shares power Wall Street higher

Energy shares power Wall Street higher

June 13, 2019 By Shreyashi Sanyal (Reuters) – Gains in energy shares helped Wall Street’s main indexes snap two days of weakness and trade higher on Thursday, with hopes of an interest rate cut adding ...
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