Tuesday, 29 May 2018

U.S. to continue trade actions against China: White House

U.S. to continue trade actions against China: White House

WASHINGTON (Reuters) - The United States said on Tuesday that it still holds the threat of imposing tariffs on $50 billion of imports from China and will use it unless Beijing addresses the issue of theft of American intellectual property.

Wall Street falls on Italy political turmoil

NEW YORK (Reuters) - The S&P 500 and the Dow Jones Industrial Average fell more than 1 percent on Tuesday as political turmoil in Italy sparked concerns about the stability of the euro zone.

Wall Street shares slide with Italy in focus

NEW YORK (Reuters) - U.S. stock markets tumbled on Tuesday, on downbeat trading guidance from JP Morgan and worries over Italy putting the S&P 500 and Dow Jones Industrial Average on track for their biggest one-day drops in seven weeks.

Canada to buy Kinder Morgan oil pipeline in bid to save project

OTTAWA/WINNIPEG (Reuters) - Canada will buy Kinder Morgan Canada Ltd's Trans Mountain pipeline for C$4.5 billion ($3.5 billion), the government said on Tuesday, hoping to save a project that faces formidable political and environmental opposition.

Opel agrees job guarantees, investments at German sites

BERLIN/FRANKFURT (Reuters) - German labour leaders on Tuesday agreed with PSA Group's Opel unit on an investment plan and job guarantees for German factories in return for wage concessions.

San Francisco subpoenas Uber, Lyft on driver classification

SAN FRANCISCO (Reuters) - San Francisco's city attorney has subpoenaed Uber Technologies Inc [UBER.UL] and Lyft Inc to turn over records relating to how the ride-hailing firms classify drivers, as well as driver wages, health care and other benefits in the latest probe in the city's year-long investigation into the companies.

Starbucks closes 8,000 stores for anti-bias training

LOS ANGELES/MIAMI (Reuters) - Starbucks Corp appealed to customers for forgiveness in a controversy over alleged racial profiling on Tuesday, saying its behavior toward two black men last month had been reprehensible as it closed 8,000 U.S. stores for anti-bias training.

Worsening Italian crisis batters stock markets

NEW YORK (Reuters) - A spiralling Italian political crisis provoked a global stock market sell-off on Tuesday, cut the euro to a 10-month low and spiked borrowing costs for the government in Rome.

Coca-Cola Co to increase investments in Argentina

BUENOS AIRES (Reuters) - Coca-Cola Co said on Tuesday it would increase its investments in Argentina over the next three years, giving embattled President Mauricio Macri's government a boost at a difficult time.

Delays and 'poison pills': team Trump runs out of road in NAFTA talks

WASHINGTON (Reuters) - President Donald Trump is running out of time to deliver a revamp of the North American Free Trade Agreement (NAFTA) he promised for this year and people involved in the talks say the crunch is largely of his administration's own making.

Related Videos

iPhones to go OLED in 2019

Breakingviews TV: The World Cup

Looking for more?

Visit our business section for more deals, markets, legal and finance news.

Read more