Friday, 2 March 2018

Earnings boost for stocks may lose luster with rising yields

Earnings boost for stocks may lose luster with rising yields

NEW YORK (Reuters) - There is little doubt on Wall Street that U.S. corporate profits are on track to rise at a healthy rate this year, with an overall estimate for growth of almost 20 percent.

'Trade wars are good,' Trump says, defying global concern over tariffs

WASHINGTON (Reuters) - U.S. President Donald Trump struck a defiant tone on Friday, saying trade wars were good and easy to win, after his plan to put tariffs on imports of steel and aluminum triggered threats of retaliation from trading partners and a slide in stock markets.

Exclusive: EU may target $3.5 billion of U.S. imports for trade retaliation - sources

BRUSSELS (Reuters) - The European Union is considering applying 25 percent tariffs on around $3.5 billion of imports from the United States if President Donald Trump carries out his plan to apply global duties to steel and aluminum, EU sources say.

Wall Street pares losses from tariff threat

NEW YORK (Reuters) - The S&P 500 ended another turbulent week on an upbeat note Friday, but major indexes posted losses for the week as U.S. President Donald Trump's threat to impose import tariffs on steel and aluminum rattled investors.

Trump sours NAFTA talks with steel trade war threats

MEXICO CITY (Reuters) - U.S. President Donald Trump's threats to unleash a trade war over steel crushed hopes of substantial progress in the latest talks to rework NAFTA, pitching negotiators into a political maelstrom and heightening fears for the trade deal's future.

BlackRock poses tough questions to gunmakers and sellers

BOSTON (Reuters) - Asset manager BlackRock Inc said on Friday it is pressing gunmakers and weapons retailers in its portfolios to explain how they monitor firearm sales and use, and it is studying the creation of new index-based portfolios that would exclude gunmakers and retailers.

Start of trial on AT&T, Time Warner merger may be delayed by one day

WASHINGTON (Reuters) - The start date for the trial over whether wireless and pay TV provider AT&T Inc can buy Time Warner Inc may be delayed by a day to March 20, Judge Richard Leon said on Friday.

Electrolux puts $250 million U.S. investment on hold over Trump tariff hike

STOCKHOLM (Reuters) - Sweden's Electrolux , Europe's largest home appliance maker, said on Friday it would delay a planned $250 million investment in Tennessee, after U.S. President Donald Trump announced tariffs on imported aluminum and steel.

Deason sues Xerox to allow new board nominations

(Reuters) - Hedge fund manager Darwin Deason filed a new lawsuit against Xerox Corp on Friday after it refused to allow him to make nominations to its board after a deadline, the latest blows in a row over its proposed merger with Fujifilm Holdings Corp .

U.S. charges 10 in alleged global stock fraud involving a Picasso

NEW YORK/LONDON (Reuters) - The U.S. Department of Justice on Friday unveiled criminal charges against 10 defendants, including London-based brokerage Beaufort Securities Ltd, over their alleged roles in a more than $50 million stock fraud and a laundering scheme involving a late work by Pablo Picasso.

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