Bhinneka News Online: Reuters Business Today: June 6, 2017

Tuesday, 6 June 2017

Reuters Business Today: June 6, 2017

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Tuesday, June 6, 2017

Jitters push Treasury yields, dollar to seven-month lows

LONDON (Reuters) - U.S. Treasury yields and the dollar dropped to seven-month lows on Tuesday and world stocks slid as political uncertainty from the United States to the Middle East and weakness in commodity markets pushed investors away from risky assets.

U.S., Mexico nearing deal on sugar: Mexico's Guajardo

WASHINGTON (Reuters) - The United States and Mexico are close to announcing a deal on sugar trade, Mexican Minister of Economy Ildefonso Guajardo said ahead of a planned news conference on Tuesday after talks went into overtime this week.

Amazon-Apple TV deal shows tough road to cooperation for tech rivals

SAN FRANCISCO, (Reuters) - A deal bringing Amazon Prime Video to Apple TV, announced on Monday at Apple Inc's developer conference after years of talk, shows how competitive tensions among Silicon Valley titans can stand in the way of serving customers.

RBS settles landmark lawsuit over 2008 cash call: sources

LONDON (Reuters) - Royal Bank of Scotland has reached an out-of-court deal to settle a costly and embarrassing lawsuit alleging it misled investors during a 12 billion pound ($16 billion) cash call launched just before its near collapse in 2008, sources said.

Toshiba shares rise on report Broadcom chosen as chip unit buyer

TOKYO (Reuters) - Shares in Toshiba Corp rose as much as 4 percent in early Tuesday trading after Asahi newspaper reported it is considering giving U.S. chipmaker Broadcom Ltd the exclusive rights to negotiate to buy its prized chip unit.

U.S. small businesses to lobby Congress to oppose border tax

WASHINGTON (Reuters) - About 60 small business owners and a representative from retailer Big Lots will hold meetings with members of Congress this week in an effort to oppose a proposed 'border adjustment tax', organizers said.

Oil slips on worries Mideast rift could undermine OPEC cuts

LONDON (Reuters) - Oil prices slipped further below $50 a barrel on Tuesday on concerns that a diplomatic rift between Qatar and several Arab states including Saudi Arabia could undermine efforts by OPEC to tighten the market.

Apple debuts HomePod speaker to bring Siri into the living room

SAN JOSE, Calif. (Reuters) - Apple Inc on Monday introduced the HomePod, a voice-controlled speaker that can make music suggestions and adjust home temperatures, taking aim at Amazon.com Inc's Alexa feature and Echo devices.

Volkswagen said almost 9,300 staff agree to early retirement

FRANKFURT (Reuters) - Volkswagen on Tuesday said close to 9,300 staff had agreed to an early retirement scheme, helping Germany's largest carmaker to bring down costs.

EU to investigate distribution practices of clothing group Guess

BRUSSELS (Reuters) - The European Commission said on Tuesday it would open a formal investigation into clothing group Guess , saying it suspected the company of banning retailers from selling its products across the EU's national borders.