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Reuters: Business News
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Reuters: Business News
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U.S. business group says retaliation rising in China amid trade war
A top U.S. business lobby in China said on Wednesday that nearly half of its members are seeing non-tariff barrier retaliation in China as a result of the increasingly bitter trade war between Beijing and Washington.
REUTERS
Asia stocks wobble as trade fears overshadow Huawei reprieve
Asian stocks were on shaky ground on Wednesday, as earlier relief over Washington's temporary relaxation of curbs against China's Huawei Technologies failed to offset deeper worries about trade frictions between the world's two largest economies.
REUTERS
Oil falls after Saudi assurances on market balance, Mideast tensions
Oil prices fell on Tuesday after Saudi Arabia reiterated it would aim to keep the market balanced and try to reduce tensions in the Middle East, while industry data showed a surprise increase in U.S. crude inventories.
REUTERS
UPDATE 1-China ready for further U.S. trade talks, ambassador says
Chinese Ambassador to the United States Cui Tiankai said on Tuesday that Beijing was ready to resume trade talks with Washington, but blamed the U.S. side for frequently "changing its mind" on tentative deals to end U.S.-China trade disputes.
2 h
REUTERS
UPDATE 3-Nordstrom cuts 2019 forecast after quarterly results miss big
Nordstrom Inc on Tuesday cut its forecast for full-year sales and profit after reporting weaker than expected first-quarter results that were hurt by the roll out of a new loyalty program and slow sales of full-priced women's clothing.
3 h
REUTERS
UPDATE 2-Huawei accuses U.S. of bullying, says working with Google to respond to ban
Chinese telecoms equipment maker Huawei called itself the victim of U.S. "bullying" on Tuesday and said it was working with Google to respond to trade restrictions imposed by Washington last week, a senior Huawei executive said.
4 h
REUTERS
Wall Street rises on Huawei reprieve
Shares of technology companies helped lift Wall Street Tuesday after the United States temporarily eased curbs on China's Huawei Technologies, alleviating investor concerns about pressure on future corporate results in the sector. Fred Katayama reports.
5 h
REUTERS
Airbus prepares counter-punch to new Boeing mid-sized jet
Airbus hinted on Tuesday at a price battle and imminent aircraft revamp to counter a possible new Boeing mid-sized jet, promising a "left hook, right hook" from two of its established models.
6 h
REUTERS
Oil little changed as U.S.-Iran dispute supports, trade war weighs
Oil futures were steady on Tuesday as the prospect of mounting U.S.-Iran tensions disrupting supply was offset by concerns that a lengthy trade war between Washington and Beijing would limit crude demand.
6 h
REUTERS
WRAPUP 2-Southwest Airlines mechanics dispute ends just as American's heats up
Southwest Airlines Co's mechanics union said on Tuesday its members had overwhelmingly voted to ratify a tentative contract agreement with the airline, ending seven years of labor negotiations fraught with legal disputes and flight disruptions.
6 h
REUTERS
Rare earth firms' stocks soar on U.S.-China trade war speculation
Shares in rare earth-related companies soared on Tuesday, led by jumps in Chinese producers a day after Chinese President Xi Jinping visited a rare earth firm in southern China, sparking speculation the sector could be the next front in the Sino-U.S. trade war.
6 h
REUTERS
Airbus CEO hints at more powerful A321 jet
Airbus Chief Executive Guillaume Faury hinted on Tuesday at the launch of a more powerful new A321 jet, saying the planemaker's current A321LR was the world's longest-range single-aisle jet "for the moment."
7 h
REUTERS
Fed officials see past misses as trouble for any new inflation approach
The Federal Reserve is discussing whether a better way to get the U.S. economy to hit the central bank's inflation target is to tolerate much higher price increases in some years to counter the weaker ones.
7 h
REUTERS
Former Tesla bull makes $10 worst case call on China worries
One of Tesla's former biggest supporters on Wall Street said on Tuesday the electric carmaker's shares could fall to $10 from nearly $200 now, if tensions with China escalate and sap demand for its cars.
8 h
REUTERS
Fed officials see past inflation misses as trouble for any new framework
In discussing the best way to manage the U.S. central bank's 2 percent inflation goal, Federal Reserve officials are considering strategies that may see them tolerate much higher price increases in some years to offset the weaker ones.
8 h
REUTERS
VW truck brand to invest $344 mln in Brazil after Ford exit
Volkswagen AG truck brand Scania said on Tuesday it will invest 1.4 billion reais ($344.14 million) to modernize its Brazilian factory in Sao Bernardo do Campo, an industrial city near Sao Paulo.
8 h
REUTERS
UPDATE 1-U.S. senators urge Volkswagen to end delay in Tennessee union vote
Three Democratic U.S. senators on Tuesday questioned a decision by Volkswagen AG's U.S. unit to delay a union election for workers at its Tennessee assembly plant.
9 h
REUTERS
UPDATE 2-McDonald's faces 25 new sexual harassment complaints from workers
McDonald's Corp was accused on Tuesday in 25 new lawsuits and regulatory charges of condoning sexual harassment in the workplace and retaliating against employees who speak up.
9 h
REUTERS
Britain's Big Four accountants could gain reprieve from audit reform
Britain's business ministry will consult further on sweeping reforms of the audit market, it told Reuters, stopping short of legislation demanded by lawmakers.
9 h
REUTERS
Kohl's chops profit forecast after dismal first quarter, shares slump
Kohl's Corp cut its full-year profit forecast and reported lower-than-expected quarterly results as the department store chain sold fewer full-price spring apparel and saw weak demand for home goods, sending its shares down as much as 14%.
9 h
REUTERS
Tech stocks lead rally on Wall Street after Huawei breather
U.S. stocks rose on Tuesday, lifted by a rebound in technology stocks, as Washington's move to temporarily ease curbs on China's Huawei Technologies calmed nerves over a further worsening of a trade war between the two countries.
REUTERS
Nokia CEO sees possible benefits from Huawei tensions
Nokia Chief Executive Rajeev Suri said on Tuesday the company could benefit from a U.S. clampdown on Chinese rival Huawei as the race to roll out 5G services heats up.
REUTERS
Turkish Airlines chairman expects Boeing 737 compensation, to meet Friday
Turkish Airlines expects compensation from Boeing Co for losses over the grounding of 12 737 Max aircraft, the chairman of Turkey's flagship carrier was quoted as saying, adding that he would meet Boeing's chief executive on Friday.
REUTERS
UPDATE 2-Merck buys Peloton to expand its kidney cancer treatment portfolio
U.S. drugmaker Merck & Co Inc on Tuesday agreed to buy Peloton Therapeutics Inc for $1.05 billion in cash, gaining access to the privately held company's lead kidney cancer drug candidate.
REUTERS
US STOCKS SNAPSHOT-U.S. stocks open higher on Huawei reprieve
U.S. stocks opened higher on Tuesday, with the Dow rising more than 100 points, as technology stocks rebounded after Washington temporarily eased trade restrictions imposed last week on China's Huawei.
REUTERS
Nokia CEO admits to delays in rolling out 5G
Nokia Chief Executive Rajeev Suri said on Tuesday that the company had been a little slow in getting 5G technology up and running, citing merging its own technology plans with those of acquired Alcatel-Lucent as a reason.
REUTERS
Wall Street set to open higher on Huawei reprieve
U.S. stock indexes were set to rise at the open on Tuesday, as concerns over a further escalation in the U.S.-China trade war eased after the United States temporarily relaxed curbs on China's Huawei Technologies.
REUTERS
Kohl's cuts profit forecast after weak first quarter, shares slump
Kohl's Corp cut its full-year profit forecast after the department store operator missed Wall Street estimates for quarterly same-store sales and profit, sending its shares down over 10% Tuesday morning.
REUTERS
J.C.Penney says more tariffs on China imports would hurt business
J.C.Penney Inc on Tuesday warned of a "meaningful impact" on its private and national brands from U.S. President Donald Trump's potential fourth round of tariffs on Chinese imports.
REUTERS
UPDATE 2-J.C. Penney same-store sales fall more than expected, shares drop
J.C. Penney Co Inc reported a steeper-than-expected fall in quarterly comparable-store sales on Tuesday after the retailer exited its appliance and in-store furniture categories, sending shares down 10% in premarket trading.
REUTERS