Monday 28 May 2018

US and EU again at odds over Airbus subsidies at WTO

US and EU again at odds over Airbus subsidies at WTO

GENEVA (Reuters) - The European Union told the World Trade Organization's dispute settlement body on Monday that it had acted within days of a WTO ruling to bring its funding of planemaker Airbus into line with WTO rules, a trade official who attended the meeting said.

Oil hits multi-week lows on fears of growing supplies

LONDON (Reuters) - Oil prices extended losses on Monday as Saudi Arabia and Russia said they may increase supplies while U.S. production gains showed no sign of slowing.

EU trade chief to meet U.S. peers Ross, Lighthizer in Paris on Wednesday

BRUSSELS (Reuters) - Europe's top trade official Cecilia Malmstrom will meet U.S. counterparts Wilbur Ross and Robert Lighthizer in Paris on Wednesday, two days before a temporary reprieve from U.S. steel and aluminum tariffs is due to expire.

Civil rights advisers hope Starbucks' anti-bias training sets example

LOS ANGELES (Reuters) - Black leaders who are advising Starbucks Corp on its anti-bias training program, which begins Tuesday, hope it will reinvigorate decades-old efforts to ensure minorities get equal treatment in restaurants and stores, setting an example for other corporations.

Italian concerns knock stocks, euro off early highs

LONDON (Reuters) - European stocks gave up early gains and bond yields recovered from lows as early elections loomed in Italy after the anti-establishment 5-Star and League parties abandoned plans to form a government.

French industrialist Serge Dassault dies at 93

PARIS (Reuters) - French billionaire industrialist Serge Dassault, whose group builds the Rafale war planes and owns Le Figaro newspaper, died in Paris on Monday aged 93, a spokesman for Dassault Group said.

Germany grills Daimler boss over extent of Vito van emissions fix

BERLIN/FRANKFURT (Reuters) - Germany's Transport Ministry quizzed Daimler Chief Executive Dieter Zetsche on Monday over how many Mercedes-Benz vans and cars need to be fixed after a regulator said it had found illegal software in one of its models.

Britain could sell 10 percent stake in RBS as soon as this week: Sky News

LONDON (Reuters) - Britain could sell a 10 percent stake in Royal Bank of Scotland as soon as this week, Sky News reported on Monday, citing banking sources.

Indian trader group objects to Walmart-Flipkart deal

MUMBAI (Reuters) - An Indian trader body has raised objections to Walmart Inc's $16 billion acquisition of e-commerce firm Flipkart, though lawyers and sources said the complaint to the country's antitrust regulator is unlikely to threaten the deal.

China's Anbang says investor selection work under way

BEIJING (Reuters) - China's Anbang Insurance Group [ANBANG.UL] said on Monday that the selection process for a strategic shareholder has begun, reiterating that it has ample cashflow and is operating normally after its state-backed bailout.

Related Videos

White House reveals ZTE deal to lawmakers -source

Falling oil prices weigh on S&P 500, Dow

Looking for more?

Visit our business section for more deals, markets, legal and finance news.

Read more