Thursday 17 May 2018

Trump doubts success in rebalancing U.S.-China trade as talks get underway

Trump doubts success in rebalancing U.S.-China trade as talks get underway

WASHINGTON (Reuters) - President Donald Trump said on Thursday that China had become "very spoiled" on trade with the United States and cast doubt on the success of his efforts to rebalance the relationship with Beijing as high-stakes U.S.-China negotiations opened in Washington.

Wall St. ends down slightly on trade, oil price concerns

NEW YORK (Reuters) - Wall Street ended a choppy trading session lower on Thursday, as investors grappled with escalating trade tensions and rising oil prices.

Asia oil bill to top $1 trillion a year as crude hits $80

By Henning Gloystein, Rajendra Jadhav and Neil Jerome Morales

As oil rises, warnings emerge from U.S. retailers

NEW YORK (Reuters) - Worries about rising oil prices have begun to creep into U.S. retailers' earnings calls, and investors are raising concerns that those costs may slow discretionary spending among Americans and push down the performance of the retailers' shares.

Delaware judge rules for Redstone in fight for control of CBS

(Reuters) - A judge sided on Thursday with Shari Redstone in her battle to retain control over CBS Corp and dealt a setback to the U.S. media company's plans to strip her voting power.

Tax cut windfall seen lifting U.S. companies' business investments

NEW YORK (Reuters) - U.S. companies could plow more of the money saved from sweeping tax cuts into business investment later this year, perhaps even surpassing a jump in first-quarter capital expenditure that was the highest in almost seven years, strategists and analysts said.

Canada optimism over pipeline interest may be misplaced: sources

WINNIPEG, Manitoba (Reuters) - The Canadian government's optimism that outside investors would be interested in taking over a Kinder Morgan Canada oil pipeline project if the company pulls out might be misplaced, said energy industry sources and analysts.

Brookfield in talks to acquire stake in Kushner-owned tower: source

NEW YORK (Reuters) - Brookfield Property Partners is in talks to acquire a stake in a Fifth Avenue, New York, office tower majority owned by a company that was previously run by Jared Kushner, son-in-law of President Donald Trump, a source familiar with a potential deal said on Thursday.

U.S. gunmaker Remington exits bankruptcy in tough gun climate

(Reuters) - U.S. weapons manufacturer Remington Outdoor Co Inc said on Thursday it had emerged from Chapter 11 bankruptcy with less debt and more stable financing that may help it ride out a slowing market for firearms.

U.S. labor market tightening; mid-Atlantic factory activity picks up

WASHINGTON (Reuters) - New applications for U.S. jobless benefits increased more than expected last week, but the number of Americans on unemployment rolls fell to its lowest level since 1973, pointing to diminishing labor market slack.

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