Monday, 28 May 2018

China rejects U.S. charge of 'forced technology transfer' at WTO

China rejects U.S. charge of 'forced technology transfer' at WTO

GENEVA (Reuters) - China told the World Trade Organization's dispute settlement body on Monday that U.S. accusations that Beijing forced companies to hand over technology as a cost of doing business in China were groundless.

Italian concerns knock stocks, euro off early highs

LONDON (Reuters) - European stocks gave up early gains and bond yields recovered from lows as early elections loomed in Italy after the anti-establishment 5-Star and League parties abandoned plans to form a government.

EU trade chief to meet U.S. peers Ross, Lighthizer in Paris on Wednesday

BRUSSELS (Reuters) - Europe's top trade official Cecilia Malmstrom will meet U.S. counterparts Wilbur Ross and Robert Lighthizer in Paris on Wednesday, two days before a temporary reprieve from U.S. steel and aluminum tariffs is due to expire.

Indian trader group objects to Walmart-Flipkart deal

MUMBAI (Reuters) - An Indian trader body has raised objections to Walmart Inc's $16 billion acquisition of e-commerce firm Flipkart, though lawyers and sources said the complaint to the country's antitrust regulator is unlikely to threaten the deal.

Civil rights advisers hope Starbucks' anti-bias training sets example

LOS ANGELES (Reuters) - Black leaders who are advising Starbucks Corp on its anti-bias training program, which begins Tuesday, hope it will reinvigorate decades-old efforts to ensure minorities get equal treatment in restaurants and stores, setting an example for other corporations.

Germany grills Daimler boss over extent of Vito van emissions fix

BERLIN/FRANKFURT (Reuters) - Germany's Transport Ministry quizzed Daimler Chief Executive Dieter Zetsche on Monday over how many Mercedes-Benz vans and cars need to be fixed after a regulator said it had found illegal software in one of its models.

US and EU again at odds over Airbus subsidies at WTO

GENEVA (Reuters) - The European Union told the World Trade Organization's dispute settlement body on Monday that it had acted within days of a WTO ruling to bring its funding of planemaker Airbus into line with WTO rules, a trade official who attended the meeting said.

U.S. record oil exports bite into Russia, OPEC market share in Asia

SINGAPORE (Reuters) - Record crude oil volumes exported from the United States will be heading to Asia in the next couple of months to take another piece of the market away from Russia and producers in the Organization of the Petroleum Exporting Countries (OPEC).

Blackstone bets big on Australian offices with $2.3 billion Investa bid

SYDNEY (Reuters) - U.S. private equity giant Blackstone Group is seeking to deepen its exposure to Australian commercial property with a A$3.08 billion ($2.3 billion) bid for Sydney-focused company Investa Office Fund (IOF) .

French industrialist Serge Dassault dies at 93

PARIS (Reuters) - French billionaire industrialist Serge Dassault, whose group builds the Rafale war planes and owns Le Figaro newspaper, died in Paris on Monday aged 93, a spokesman for Dassault Group said.

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