Monday 25 February 2019

Trump delays tariff hike on Chinese goods, citing trade talk progress

Reuters.com Newsletter

Trump delays tariff hike on Chinese goods, citing trade talk progress

President Donald Trump said on Sunday he would delay an increase in U.S. tariffs on Chinese goods thanks to "productive" trade talks and that he and Chinese President Xi Jinping would meet to seal a deal if progress continued.

Trump says 'signing summit' with Xi for U.S.-China deal possible soon

U.S. President Donald Trump said on Monday he may soon sign a deal to end a trade war with Chinese President Xi Jinping if their countries can bridge remaining differences, saying negotiators were "very, very close" to a deal.

Amazon appoints Indra Nooyi to board

Amazon.com Inc said on Monday it named former PepsiCo Inc Chief Executive Officer Indra Nooyi as a director of the company and appointed her to the audit committee of the board.

Wall Street rises after Trump stirs China trade hopes again

Wall Street's three major indexes ended higher on Monday but well below the session's highs after President Donald Trump said he would delay a planned hike in tariffs on Chinese imports.

U.S. asks judge to give final approval to settlement with CVS to buy Aetna

The U.S. Justice Department formally asked a judge on Monday to approve its deal to allow CVS Health Corp to merge with insurer Aetna.

Bank of America drops 'Merrill Lynch' name in rebranding effort

Bank of America Corp is dropping the "Merrill Lynch" name from some of its businesses, phasing out a brand with a long history on Wall Street as part of a multi-year marketing effort, the lender said on Monday.

Barrick CEO defends $18 billion hostile Newmont bid as logical tie-up

Barrick Gold Corp's chief executive defended the world's largest gold producer's hostile $18 billion bid for Newmont Mining Corp, saying on Monday the deal is "logical" for an industry battling high costs and depleting resources.

U.S. trial tests claims Roundup weed killer caused cancer

Bayer AG on Monday faced a second U.S. jury over allegations that its popular glyphosate-based weed killer Roundup causes cancer, six months after the company's share price was rocked by a $289 million verdict in California state court.

Madoff trustee can pursue lawsuits against Koch, banks, others

A U.S. federal appeals court said the trustee liquidating Bernard Madoff's firm may pursue dozens of lawsuits to recoup funds from defendants including Koch Industries Inc, long controlled by the billionaire brothers Charles and David Koch, and major banks.

Pharma stocks could see turbulence from U.S. Senate drug-price hearing

U.S. healthcare stocks could face more turbulence on Tuesday, after a bumpy early 2019, as top executives from some of the largest pharmaceutical companies are expected to get grilled in the U.S. Senate on the high cost of prescription drugs.

Fed's Powell heads to Congress amid shifting landscape

Federal Reserve Chairman Jerome Powell worked hard to strengthen ties with Congress during his first year as head of the U.S. central bank, doubling the pace of meetings with lawmakers over his predecessors and courting Democrats and Republicans alike.

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