Tuesday, 6 March 2018

Republican pushback on Trump tariffs gathers steam, talk of modifications emerge

Republican pushback on Trump tariffs gathers steam, talk of modifications emerge

WASHINGTON/MEXICO CITY (Reuters) - Republican lawmakers stepped up calls on Tuesday for President Donald Trump to pull back from proposed tariffs on steel and aluminum imports as Senate Majority Leader Mitch McConnell added to an avalanche of criticism of the measures, saying they risked igniting a trade war and damaging the U.S. economy.

Wall Street gains even as trade war worries dominate

NEW YORK (Reuters) - U.S. stocks eked out a small gain on Tuesday after a choppy session as investors worried about the prospects of a trade war due to mixed signals from Washington on whether U.S. President Donald Trump would follow through with proposed tariffs.

Warren vows fight as U.S. Senate begins debate on Dodd-Frank rewrite

WASHINGTON (Reuters) - Democratic Senator Elizabeth Warren promised to fight a U.S. Senate bill easing bank rules introduced following the 2007-2009 global financial crisis as the chamber moved on Tuesday to begin debating the draft bipartisan legislation.

U.S. sees national security risk from Broadcom's Qualcomm deal

(Reuters) - A U.S. government national security panel has identified potential risks that warrant a full investigation of Singapore-based Broadcom Ltd's $117 billion bid for chipmaker Qualcomm Inc , a senior U.S. Treasury official said in a letter to the companies on Monday.

Mexico minister says NAFTA must remain a trilateral accord

MEXICO CITY (Reuters) - Mexico's Economy Minister Ildefonso Guajardo on Tuesday rejected making a bilateral trade treaty with the United States, saying the North American Free Trade Agreement, which is currently being renegotiated, must remain a three-country accord.

RBS reaches $500 million settlement with New York over mortgage securities

NEW YORK (Reuters) - Royal Bank of Scotland Group Plc has reached a $500 million settlement with New York state to resolve charges it misled investors by selling risky mortgage securities that contributed to the 2008 global financial crisis.

U.S. says 'Pharma Bro' Shkreli deserves at least 15 years in prison

NEW YORK (Reuters) - U.S. prosecutors on Tuesday said former drug company executive Martin Shkreli should spend at least 15 years in prison after being convicted of fraud, saying his lack of remorse and respect for the law justified a long time behind bars.

Kobe Steel, Toyota hit with U.S. lawsuit over vehicle metal quality

NEW YORK (Reuters) - U.S. consumers have filed a lawsuit against Kobe Steel Ltd and Toyota Motor Corp accusing the companies of violating consumer protection laws and engaging in fraud by concealing the use of substandard metal components in vehicles.

U.S. manufacturing, business spending on equipment slowing

WASHINGTON (Reuters) - New orders for U.S.-made goods recorded their biggest decline in six months in January and business spending on equipment appeared to be slowing after strong growth in 2017.

Far-right union wins more seats on Daimler plant's works council

DUESSELDORF (Reuters) - A German trade union accused by rival labor representatives of harboring neo-Nazis has expanded its presence on the works council of a key plant operated by luxury carmaker Daimler , election results showed on Tuesday.

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