Thursday, 1 March 2018

Wall Street drops over 1 percent on Trump tariff fears

Wall Street drops over 1 percent on Trump tariff fears

NEW YORK (Reuters) - The S&P 500 registered a third straight day of more than 1 percent declines on Thursday after President Donald Trump said the United States would impose import tariffs on steel and aluminum, raising concern about higher prices and a trade war.

Trump says U.S. to impose steep tariffs on steel, aluminum imports

WASHINGTON (Reuters) - President Donald Trump announced on Thursday he would impose hefty tariffs on imported steel and aluminum to protect U.S. producers, risking retaliation from major trade partners like China, Europe and neighboring Canada as well as helping to trigger a large selloff on Wall Street.    

GM, rivals chase luxury pickups' fat margins as U.S. market dips

DETROIT (Reuters) - General Motors Co on Thursday unveiled a revamped luxury pickup truck, intensifying the battle among Detroit's Big Three automakers for fat profits at the top end of a highly lucrative segment even as overall U.S. new vehicle sales decline.

U.S. monthly inflation picks up; jobless claims at 48-year low

WASHINGTON (Reuters) - U.S. consumer prices increased in January, with a gauge of underlying inflation posting its largest gain in 12 months, bolstering views that price pressures will accelerate this year.

More banks set to join financing for Blackstone's TR buyout

NEW YORK (LPC) - The three banks leading the US$13.5bn-equivalent loan and bond financing backing US private equity firm Blackstone Group's acquisition of a majority stake in Thomson Reuters' Financial and Risk (F&R) unit are set to sign more banks into the deal.

Comcast's bid for Sky could lure Disney in bidding war

(Reuters) - U.S. cable company Comcast Corp's proposal to buy Sky Plc for $31 billion has raised the specter of a potential bidding war between with Rupert Murdoch's Twenty First Century Fox and Walt Disney Co .

How Geely's Li Shufu spent months stealthily building a $9 billion stake in Daimler

SHANGHAI/BEIJING (Reuters) - When Daimler announced that Li Shufu had acquired almost 10 percent of the automaker last Friday, it caught financial markets - and German regulators - by surprise.

Icahn bets on Newell, praises Herbalife management

(Reuters) - Activist investor Carl Icahn said he owns a "large position" in Newell Brands Inc where a rival activist is already fighting to remove the entire board from the company that makes matches, markers and candles.

Fed chief Powell says no evidence U.S. economy overheating

WASHINGTON (Reuters) - Federal Reserve Chairman Jerome Powell said on Thursday the U.S. economy does not appear to be running hot, even as the influential head of the New York Fed suggested a faster pace of interest rate increases may still be in the offing for 2018.

Talks on NAFTA autos impasse to be scheduled between rounds: sources

MEXICO CITY (Reuters) - U.S., Mexico and Canada plan to schedule extra discussions on trade rules for auto production in North America if no progress is made on the issue in the current round of NAFTA negotiations, two people familiar with the matter said.

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