Tuesday, 10 April 2018

Facebook shares rise as U.S. senators question Zuckerberg

Facebook shares rise as U.S. senators question Zuckerberg

WASHINGTON/SAN FRANCISCO (Reuters) - Facebook Inc shares rose on Tuesday to their highest in almost three weeks as Chief Executive Mark Zuckerberg fended off questions from U.S. senators on how the social network handles user data and plans to counter attempts at interfering in U.S. elections.

Wall Street rises as Chinese president eases trade worries

NEW YORK (Reuters) - U.S. stocks climbed on Tuesday as investor concerns about rising trade tensions between the United States and China eased after Chinese President Xi Jinping promised to cut import tariffs.

T-Mobile in new talks to acquire Sprint: source

(Reuters) - T-Mobile US Inc is engaged in a new round of talks to acquire Sprint Corp , a person familiar with the matter said on Tuesday, the latest effort to bring together the third and fourth largest U.S. wireless carriers.

China's Xi renews vow to open economy, cut tariffs as U.S. trade row deepens

BOAO/BEIJING, China (Reuters) - Chinese President Xi Jinping promised on Tuesday to open the country's economy further and lower import tariffs on products like cars, in a speech seen as an attempt to defuse an escalating trade dispute with the United States.

Exclusive: Rusal triggers Iran-style defense after U.S. sanctions - source

LONDON (Reuters) - Russian aluminum giant Rusal has activated a contingency plan asking customers to pay in euros instead of dollars to try to skirt round U.S. sanctions, a source close to the matter said.

Volkswagen to replace CEO with VW brand chief: sources

BERLIN/HAMBURG (Reuters) - Volkswagen is poised to replace Chief Executive Matthias Mueller with the head of its core VW brand, Herbert Diess, two people familiar with the matter said, as it looks to give fresh impetus to its recovery from an emissions scandal.

Investors back Kinder Morgan Canada's Trans Mountain move

BENGALURU (Reuters) - Kinder Morgan Canada shareholders on Tuesday backed the pipeline operator's decision to pause most work on its Trans Mountain expansion as a way to force the Canadian government to give final approval for the project.

Icahn to sell Federal-Mogul to Tenneco for $5.4 billion

(Reuters) - Activist investor Carl Icahn said on Tuesday he was selling auto parts maker Federal-Mogul to Tenneco Inc in a $5.4 billion deal, unloading an investment he has held for nearly two decades and picking up a new stake in Tenneco.

Healthcare, food boost U.S. producer prices in March

WASHINGTON (Reuters) - U.S. producer prices increased more than expected in March, boosted by rising healthcare and food costs, pointing to a steady buildup of inflation pressures.

China's Ant ups fundraising target, valuation could hit $150 billion: sources

(Reuters) - China's Ant Financial Services Group is in talks with investors to raise at least $8 billion in its next planned round of funding, potentially valuing the company at about $150 billion ahead of an expected stock market floatation, people with knowledge of the plan said.

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