Thursday, 5 July 2018

Fed on lookout for recession but still sees strong economy: minutes

Fed on lookout for recession but still sees strong economy: minutes

WASHINGTON (Reuters) - U.S. central bankers discussed whether recession lurked around the corner and expressed concerns global trade tensions could hit an economy that by most measures looked strong, minutes of the Federal Reserve's last policy meeting on June 12-13 released on Thursday showed.

Wall Street rises on U.S.-EU trade relations optimism

NEW YORK (Reuters) - Wall Street's major indexes rose on Thursday as reports that the United States and the European Union may agree to withdraw auto tariffs fostered optimism on international trade relations among investors.

China says U.S. 'opening fire' on world with tariffs, vows to respond

BEIJING/WASHINGTON (Reuters) - China accused the United States on Thursday of "opening fire" on the world with tariffs set to take effect on Friday, warning that it will respond the moment that duties on $34 billion in Chinese goods kick in.

Trump effort to lift U.S. offshore wind sector sparks interest - from Europe

(Reuters) - The Trump administration wants to fire up development of the U.S. offshore wind industry by streamlining permitting and carving out vast areas off the coast for leasing - part of its 'America First' policy to boost domestic energy production and jobs.

Boeing to take over $4.75 billion Embraer unit, targeting Airbus-Bombardier

SAO PAULO/PARIS (Reuters) - Boeing Co struck a deal for a controlling stake in the commercial aircraft arm of Brazilian planemaker Embraer SA under a new $4.75 billion joint venture, the firms said on Thursday, reshaping a global passenger jet duopoly.

Preparations for listing Aramco stalled: WSJ

(Reuters) - Public listing preparations of state-run Saudi Aramco have stalled, the Wall Street Journal reported on Thursday.

California agency opens third probe into Tesla's Fremont factory

(Reuters) - A California agency for occupational safety said on Thursday it opened a third investigation at Tesla Inc's factory in Fremont, California, following a complaint.

Trump to OPEC: 'Reduce pricing now!'

WASHINGTON (Reuters) - U.S. President Donald Trump again accused the Organization of the Petroleum Exporting Countries of driving gasoline prices higher on Wednesday and urged the oil producer group to do more.

Airbus left waiting for expanded AirAsia A330neo jet deal: sources

PARIS (Reuters) - Airbus has failed to break deadlock with AirAsia over the fate of a multi-billion-dollar order seen as key to the future of its A330neo passenger jet, people familiar with the matter said.

Global automakers hail more ships as trade battles heat up

DETROIT/LONDON/SHANGHAI (Reuters) - Automakers are scrambling to ship vehicles to the United States to pre-empt possible higher tariffs, according to port data, port officials and logistics companies.

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