Wall Street faces worst day since February
2018-10-11 21:53:35 UTC
NEW YORK (Reuters) - Stocks on major world markets slid to a three-month low on Wednesday, with the benchmark S&P500 stock index falling more than 3.0 percent, its biggest one-day fall since February.
Technology shares tumbled on fears of slowing demand, while bond yields ended lower after see...
London mayor calls for second referendum on Brexit
2018-09-16 18:23:03 UTC
LONDON (Reuters) - London mayor Sadiq Khan has called for another referendum on Britain’s European Union membership, saying the prime minister’s handling of Brexit negotiations had become “mired in confusion and deadlock” and was leading the country down a damaging path.
Britain is due to leav...
Low unemployment rates are inevitably followed by recessions
2018-09-13 04:51:55 UTC
WASHINGTON (Reuters) - U.S. Federal Reserve officials tout a decade of falling unemployment as among their major victories in fighting the economic crisis of 2007 to 2009.
Now they are beginning to worry they have been too successful. When unemployment falls as low as it is currently, Boston F...
Ireland doesn't give UK a free-ride back-door to EU
2018-09-12 19:06:52 UTC
BRUSSELS (Reuters) - European Union officials are working on re-drafting a sensitive Irish protocol to the draft Brexit treaty with Britain, as part of what EU negotiator Michel Barnier has called efforts to “de-dramatize” the issue and get a deal, EU officials said on Wednesday.
Mercedes-Benz launches 'all-electric SUV with 450 km range'
2018-09-04 18:13:12 UTC
STOCKHOLM (Reuters) - Mercedes showed on Tuesday how it is “aggressively” gunning for top spot in upscale battery cars market currently dominated by Tesla, as it unveiled the EQC, its first fully electric car, at an event in Stockholm.
The event marks the start of the German onslaught against ...
UK Brexit-negotiator is struggling to make headway
2018-08-29 15:36:40 UTC
LONDON (Reuters) - Financial centers outside the European Union would be the benefactors if the European Union sought to punish the City of London as Britain leaves the bloc, Brexit minister Dominic Raab said on Wednesday.
Raab told a parliamentary committee he did not believe the EU would try...
China lodges tariff case at WTO against the U.S.
2019-09-02 15:46:34 UTC
HONG KONG/GENEVA (Reuters) - China has lodged a complaint against the United States at the World Trade Organization over U.S. import duties, the Chinese Commerce Ministry said on Monday.
The United States began imposing 15% tariffs on a variety of Chinese goods on Sunday and China began imposi...
Iran praises EU for their efforts to salvage 'Nuclear deal'
2018-08-19 16:50:57 UTC
LONDON (Reuters) - Iran’s vice president said on Sunday the government was seeking solutions to sell oil and transfer its revenues despite fresh U.S. sanctions.
“We are hopeful that the European countries can meet their commitments but even if they cannot, we are seeking solutions to sell our ...
Steady and strong: German economy picking up more steam
2018-08-14 07:07:13 UTC
BERLIN (Reuters) - The German economy picked up more steam than expected in the second quarter, driven by higher household and state spending, preliminary data showed on Tuesday.
Gross domestic product in Europe’s biggest economy expanded by 0.5 percent quarter-on-quarter, the Federal Statisti...
China takes over project in world’s biggest natural gas reserves in Iran
2018-08-11 18:21:26 UTC
Reuters - China’s state-owned energy major CNPC has taken over the share in Iran’s multi-billion dollar South Pars gas project held by France’s Total, the Iranian state news agency IRNA reported on Saturday.
Total signed a contract in 2017 to develop Phase II of South Pars field with an initia...
Impact of escalating trade tensions between US and China
2018-08-08 18:14:42 UTC
(Reuters) - U.S. companies are putting in place measures to cushion the impact of escalating trade tensions between the United States and China.
The world’s two largest economies have already imposed tariffs on $34 billion worth of each other’s imports.
In the latest development, Washington...
China slaps additional tariffs of 25 percent on $16 billion US imports
2018-08-08 17:44:20 UTC
BEIJING/WASHINGTON (Reuters) - China is slapping additional tariffs of 25 percent on $16 billion worth of U.S. imports from fuel and steel products to autos and medical equipment, the Chinese commerce ministry said, as the world’s largest economies escalated their trade dispute.
The tariffs wi...
Trump’s ‘unmitigated crap’ on California wildfires
2018-08-07 21:23:33 UTC
U.S. President Donald Trump has weighed in on the California wildfires. But it wasn’t to express condolences for the victims or to praise the incredible bravery of firefighters — it was to try to score political points.
And he did so by badly twisting the science of how wildfires work. In a no...
EU raises concerns over new US move on Iran
2018-08-06 17:59:19 UTC
WASHINGTON (Reuters) - The Trump administration expects economic sanctions that it is re-imposing on Iran this week to further cripple the Iranian economy and will aggressively enforce the measures, senior U.S. administration officials said on Monday.
But the U.S. sanctions strategy has severa...
Jobs boom in San Francisco, Seattle and Houston, not in Trump strongholds
2018-08-06 03:46:51 UTC
MONACA, Pennsylvania (AP) — The United States is on pace to add about 2.6 million jobs this year under President Donald Trump’s watch. Yet the bulk of the hiring has occurred in bastions of Democratic voters rather than in the Republican counties that put Trump in the White House.
On average f...
Apple became the first $1 trillion listed US company
2018-08-02 18:06:54 UTC
SAN FRANCISCO (Reuters) - Apple became the first $1 trillion publicly listed U.S. company on Thursday, crowning a decade-long rise fueled by its ubiquitous iPhone that transformed it from a niche player in personal computers into a global powerhouse spanning entertainment and communications.
British car makers and consumers would suffer from "No-Deal" Brexit
2018-07-31 02:14:06 UTC
LONDON (Reuters) - A no-deal Brexit is not an option for Britain’s car industry, given the costs and disruption that carmakers and consumers would suffer, the head of the country’s automobile industry group said on Tuesday.
Mike Hawes, chief executive of the Society of Motor Manufacturers and ...
Plunge in Facebook shares rattled Amazon options market
2018-07-26 18:56:45 UTC
SAN FRANCISCO/NEW YORK (Reuters) - A plunge in Facebook Inc shares rattled the Amazon.com Inc options market on Thursday, with the social network’s fellow FAANG company due to report quarterly results later in the day.
Facebook on Wednesday warned about a margin hit as revenue growth slows and...
Americans fleecing their savings and piling up debt
2018-07-23 17:42:08 UTC
REUTERS — Despite roaring job growth and consumer spending, the U.S. economy is bolstered in large part by the poorer half of Americans fleecing their savings and piling up debt.
A Reuters analysis of U.S. household data shows that the bottom 60 percent of income-earners have accounted for mos...
Hostile rhetoric between Trump and Tehran escalating
2018-07-23 16:27:09 UTC
Hostile rhetoric between Washington and Tehran escalated on Sunday after a tit-for-tat between Trump and his Iranian counterpart, Hassan Rouhani.
U.S. President Donald Trump told Iran it risked dire consequences “the like of which few throughout history have suffered before” if the Islamic ...
EU to protect oil exports & firms from US sanctions on Iran
2018-07-17 21:13:17 UTC
The Iran nuclear agreement marked its third anniversary in a gloomy state. Despite repeated attempts to keep him on board, US President Donald Trump withdrew the United States from the deal – signed on July 14, 2015 under the formal title the Joint Comprehensive Plan of Action (JCPOA) – and there...
Ireland to Boycott Israeli 'Occupied Territories' Goods
2018-07-15 20:23:57 UTC
DUBLIN — On July 12, the Irish Senate, known as the Seanad Éireann, passed a bill to prohibit the import and sale of goods, services, and natural resources, originating from “illegal settlements in occupied [Palestinian] territories.” The ban would only apply to products sold and made in territor...
Trump brought his chaotic style of governing to the NATO summit
2018-07-12 18:00:08 UTC
U.S. President Donald Trump brought his chaotic style of governing to the NATO summit in Brussels on Wednesday and Thursday, irritating and befuddling allies with charges and jibes before declaring success for convincing his counterparts to pay more for their mutual defense.
It was a classic p...
Germany and China standing together against US protectionism
2018-07-09 21:02:43 UTC
BERLIN (Reuters) - Germany and China signed a raft of commercial accords worth some 20 billion euros ($23.5 billion) on Monday, with their leaders reiterating commitments to a multilateral global trade order despite a looming trade war with the United States.
The deals, involving German indust...
Trade war: China accuses US of “opening fire”
2018-07-05 16:53:07 UTC
BEIJING/WASHINGTON (Reuters) - China accused the United States on Thursday of “opening fire” on the world with tariffs set to take effect on Friday, warning that it will respond the moment that duties on $34 billion in Chinese goods kick in.
U.S. President Donald Trump has threatened to furthe...