Reuters Business Today: April 4, 2017

Click to View in Browser Tuesday, April 4, 2017 U.S. trade deficit falls as exports hit two-year high WASHINGTON (Reuters) - The U.S. trade deficit fell more than expected in February as exports increased to a two-year high and slowing domestic demand weighed on imports. U.S. business seeks action, not trade war, in Xi-Trump summit BEIJING/WASHINGTON (Reuters) - Although worried about the prospect of a trade war, American businesses operating in China nonetheless want President Donald Trump to wring some concessions on market access from China's leader Xi Jingping when the two meet this week. Wall Street set to open lower, investors wary of Trump-Xi meet (Reuters) - U.S. stocks looked set to open lower on Tuesday as investors fretted over the ability of President Donald Trump to deliver on his policy plans, and the outcome of his potentially tense meeting with Chinese President Xi Jinping later this week. Ralph Lauren to cut jobs, close flagship Polo store in New York (Reuters) - Ralph Lauren Corp said on Tuesday it would cut jobs and shutter some office and store locations, including its flagship Polo store on Fifth Avenue, New York City, as part of a cost-cutting plan. Vale megadeal puts Morgan Stanley, Bradesco at the top of Brazil M&A SAO PAULO (Reuters) - Morgan Stanley and Banco Bradesco BBI SA topped Brazil's mergers and acquisitions rankings in the first quarter, buoyed by advisory roles in the $21 billion corporate reorganization of Vale SA , the world's No.1 iron ore producer. Wall Street braces for rough ride as exchanges seek more speed bumps NEW YORK (Reuters) - U.S. stock exchanges that spent decades speeding up markets with cutting-edge technology are now rushing to slow them down. Toshiba seeks new loan, offers memory chip unit stake as collateral: sources TOKYO (Reuters) - Toshiba Corp asked creditor banks for a new loan and offered as collateral a stake in its memory chip unit that is being split off, sources said, underlining the firm's growing financial woes as it braces for a multi-billion dollar loss. Elon Musk mocks short sellers after Tesla stock surge (Reuters) - As Tesla Inc's strong quarterly vehicle deliveries sent its stock to a record high on Monday, Chief Executive Elon Musk took a swipe at traders betting the luxury electric car company is on a road to ruin. EU Industry chief sees 'fast' phase-out of diesel post-VW scandal BRUSSELS (Reuters) - Europe's industry chief said she saw diesel engines disappearing from markets much faster than expected as the European Parliament on Tuesday endorsed tougher rules aimed at preventing a rerun of the Volkswagen emissions cheating scandal. Brazil's black market pipeline: Gangs hijack Petrobras' oil, fuel RIO DE JANEIRO (Reuters) - In September, police investigating a wave of killings in the northern Rio de Janeiro suburbs followed a tip to the isolated scrubland near the massive Duque de Caxias oil refinery. Related Video Musk mocks short-sellers after Tesla stock surge Stocks slip on policy uncertainty Counterparties is a curated snapshot of the best finance news and commentary around the web. Register Today News you can use with actionable, timely advice for managing your financial life, including retirement, taxes, real estate, education and more. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2017 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook