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Reuters: Business News
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Reuters: Business News
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Oil gains amid Middle East tensions, U.S.-China trade deal hopes
Oil prices extended gains on Wednesday after rising in the previous session on rekindled hopes for a U.S.-China trade deal and on the potential for conflict between the U.S. and Iran in the Middle East after tanker attacks there last week.
REUTERS
China to maintain anti-dumping tariffs on U.S. distillers grains
China's Ministry of Commerce on Wednesday said it will maintain anti-dumping and anti-subsidy tariffs on imports of U.S. distillers grains (DDGS), a cereal by-product of ethanol manufacturing, after completing a review launched in April.
REUTERS
Trade tensions kick Asian business confidence to 10-year low: Thomson Reuters/INSEAD
Confidence among Asian companies in the June quarter fell to its lowest since the 2008-09 financial crisis, as a U.S.-China trade war disrupts global supply chains and shows little sign of easing soon, a Thomson Reuters/INSEAD survey found.
REUTERS
Qantas adds 10 Airbus jets to order, will take 36 A321XLRs
Australia's Qantas Airways Ltd said on Wednesday it would order 10 Airbus SE A321XLR jets, taking its total A320neo family order to 109 jets.
REUTERS
Nissan considers seats for Renault chairman, CEO in new committees: Nikkei
Nissan Motor Co Ltd plans to give seats in its four proposed committees to alliance partner Renault SA's chief executive and chairman, Japan's Nikkei newspaper reported on Wednesday, citing sources.
2 h
REUTERS
Most SoftBank Vision Fund investors want to join second fund: CEO Son
Most investors in SoftBank Group Corp's $100 billion Vision Fund want to join the group's forthcoming second fund, founder and Chief Executive Masayoshi Son said on Wednesday.
2 h
REUTERS
Korean Air to buy 20 Boeing 787s, lease 10 more
Korean Air Lines Co Ltd said on Wednesday it will add 30 Boeing Co Dreamliner passenger jets to its fleet, including what it said would be the country's first use of the largest Dreamliner model, the 787-10.
3 h
REUTERS
GLOBAL MARKETS-Asian shares jump on Fed rate fever, trade war hope
Asian share markets jumped on Wednesday as investors dared to hope the Federal Reserve would follow the lead of the European Central Bank and open the door to future rate cuts at its policy meeting later in the day.
3 h
REUTERS
Electric dreams in danger as funding dwindles for China's Tesla challengers
Last year, Wei Qing and his private equity investment team visited more than 20 Chinese electric vehicle manufacturing startups.
4 h
REUTERS
South Korea's Korean Air to buy 30 Boeing 787 planes for $9.67 bln
South Korea's biggest carrier Korean Air Lines said on Wednesday it has signed a memorandum of understanding to buy 30 Boeing planes for $9.67 billion.
4 h
REUTERS
Canada approves contentious oil pipeline expansion, expects legal challenges
Canada on Tuesday approved as expected a hotly contested proposal to expand the western Canadian crude oil pipeline it bought last year, providing hope for a depressed energy industry but angering environmental groups.
5 h
REUTERS
Blackstone chief donates $150 million to Oxford University
The head of private equity firm Blackstone has pledged $150 million to Oxford University, the biggest single donation in its history, to fund a center for humanities that would also house an institute to study the ethics of artificial intelligence.
5 h
REUTERS
PG&E settles California fire claims with local governments for $1 bln
PG&E Corp will pay $1 billion as part of its bankruptcy reorganization to more than a dozen local governments in California struck by wildfires in recent years, the company and lawyers for the governments said on Tuesday.
5 h
REUTERS
Trump pressures Fed's Powell: 'Let's see what he does'
President Donald Trump on Tuesday kept up pressure on the head of the Federal Reserve to lower interest rates, following a report that White House lawyers earlier this year explored whether they could legally strip Jerome Powell of the Fed chairmanship.
6 h
REUTERS
Wall Street nears record as mood on trade again turns optimistic
Wall Street surged on Tuesday and the S&P 500 approached a record high after Washington rekindled trade talks with Beijing, boosting sentiment along with growing investor confidence that the Fed will cut interest rates this year.
7 h
REUTERS
U.S. lawmaker calls for hearing into Facebook's cryptocurrency
A senior Republican lawmaker wants Congress to promptly examine Facebook Inc's decision to launch its own cryptocurrency.
7 h
REUTERS
Global stocks lifted by hopes for monetary policy, U.S.-China trade
Global stocks rallied on Tuesday and benchmark government bond yields tumbled after European Central Bank President Mario Draghi hinted at economic stimulus, with equities getting an extra boost from confirmation that U.S. President Donald Trump would meet China's president to talk about trade.
7 h
REUTERS
UPDATE 2-Barrick CEO believes Acacia offer is fair after extending bid deadline
Barrick Gold Corp, the world's No. 2 gold miner, believes its proposed offer to take full control of its African unit is "more than fair" and will engage with Acacia Mining Plc's board and minority shareholders to win them over, Chief Executive Mark Bristow told Reuters on Tuesday.
7 h
REUTERS
Airbus seeks new partners to expand in U.S. space market
Airbus' defense division is looking for new partners to expand its presence in the growing U.S. space market, and could potentially build components for a lunar program there, Airbus Defense and Space Chief Executive Dirk Hoke told Reuters.
8 h
REUTERS
Trump and Xi will meet at G20 summit
China and the United States are rekindling trade talks ahead of a meeting next week between Presidents Donald Trump and Xi Jinping, cheering financial markets with hope that an escalating trade war between the two countries would abate.
8 h
REUTERS
Oil climbs over $1/bbl on U.S.-China trade deal hopes, Mideast tension
Oil prices rose more than $1 a barrel on Tuesday after news that China and the United States were rekindling trade talks ahead of a meeting at the G20 summit later this month, spurring hopes that the two countries would resolve an ongoing trade war.
9 h
REUTERS
Boost for Boeing as BA owner backs grounded jet with 200-plane order
Boeing won a major vote of confidence at the Paris Airshow on Tuesday as British Airways owner IAG signed a letter of intent to buy 200 of its 737 MAX jets that have been grounded since March after two deadly crashes.
9 h
REUTERS
Anadarko approves $20 billion LNG export project in Mozambique
U.S. energy firm Anadarko Petroleum Corp gave the go-ahead on Tuesday for the construction of a $20 billion gas liquefaction and export terminal in Mozambique, the largest single LNG project approved in Africa, according to the government of Mozambique and energy consultancy Wood Mackenzie.
9 h
REUTERS
Facebook reveals Libra cryptocurrency, sparking new privacy concerns
Facebook Inc announced ambitious plans on Tuesday to launch a new global cryptocurrency called Libra, part of an effort to expand into digital payments that immediately raised privacy concerns.
REUTERS
White House considered demoting Fed's Powell -report
Lawyers at the White House earlier this year explored the legality of stripping Jerome Powell of his Federal Reserve chairmanship and demoting him to be just one of as many as seven governors of the U.S. central bank, according to a report from Bloomberg News published on Tuesday.
REUTERS
Wall St. pushes higher on trade hopes, dovish Fed bets
Wall Street's main indexes rallied on Tuesday, with the S&P 500 inching close to record levels, as President Donald Trump's comments on restarting trade talks with China added to optimism of a more accommodative Federal Reserve.
REUTERS
Oil climbs 3% on hopes U.S.-China trade talks resume, Mideast tension
Oil prices rose more than $1 a barrel on Tuesday after U.S. President Donald Trump said he would hold an extensive meeting with Chinese President Xi Jinping at the G20 summit later this month.
REUTERS
Rolls-Royce boss laments Brexit distraction at Paris Airshow
Rolls-Royce chief executive Warren East said on Tuesday that uncertainties over Brexit remain an unwelcome distraction for the aerospace industry three years after Britain voted to leave the European Union.
REUTERS
BoE's Carney says keeping open mind on Facebook's Libra
Bank of England governor Mark Carney has said he is keeping an 'open mind' on the potential utility of Facebook's planned cryptocurrency, but warned it may face strict regulation if it takes off.
REUTERS
Trump not taking action against Fed chair Powell: White House adviser
White House economic adviser Larry Kudlow on Tuesday said U.S. President Donald Trump is not considering any changes to U.S. Fed Chairman Jerome Powell's status.
REUTERS