Reuters: Business News

About the Author Reuters: Business News


businessNews

Wall Street braces for tariff fallout as S&P 500 companies report

Tariffs are starting to bite big manufacturers and Wall Street could get another bout of caution and uncertainty from major industrial companies when a swath of reports comes in over the next week.

Read more 0 Comments
businessNews

Wall Street flat as earnings offset tariff threats

U.S. stocks were largely unchanged on Friday as a string of strong earnings led by Microsoft offset escalating trade anxieties driven by U.S. President Donald Trump’s latest salvo of tough China tariff threats.

Read more 0 Comments
businessNews

GlaxoSmithKline considers break-up of the group: FT

GlaxoSmithKline Plc is considering a break-up of the group after investors pressed the company’s board to spin off its consumer division, the Financial Times reported on Friday.

Read more 0 Comments
businessNews

Dollar drops on Trump criticism; U.S., Europe stocks tepid

The U.S. dollar weakened on Friday against key world currencies as President Donald Trump complained again about its strength, while U.S. and European stock markets were tepid amid fresh tariff talk and another round of corporate earnings.

Read more 0 Comments
businessNews

U.S., European allies map out larger role for F-35 fighter

Lockheed Martin’s F-35 fighter jet is arriving in growing numbers in Europe, and is poised to play a much broader role in missile defense and other warfare plans than conventional fighters, according to U.S. and European officials.

Read more 0 Comments
businessNews

U.S. lawmakers cut anti-ZTE measure from must-pass defense bill

U.S. lawmakers who reached an agreement on a must-pass defense bill cut from the legislation a measure that would have made it harder for the president to undo sanctions slapped on China’s ZTE Corp , a top Democrat in the Senate said on Friday.

Read more 0 Comments
businessNews

Honeywell eyes supplier shift to avoid tariff hit

U.S. industrial conglomerate Honeywell International Inc said on Friday it had started sourcing some of its components from countries other than China to counter growing costs related to a tariff war between the world’s two largest economies.

Read more 0 Comments
businessNews

Trump threatens tariffs on all $500 billion of Chinese imports

U.S. President Donald Trump on Friday said he was ready to impose tariffs on all $500 billion of imported goods from China, threatening to escalate a clash over trade policy that has unnerved financial markets.

Read more 0 Comments
businessNews

U.S. carmakers expected to warn of tariff pain when releasing results

When Detroit’s automakers report earnings on Wednesday, they are likely to highlight escalating tariffs and use the opportunity to warn investors of far greater pain ahead should U.S. President Donald Trump impose broader tariffs on the industry’s vehi…

Read more 0 Comments
businessNews

Over sorghum salad, U.S. farmers and Chinese buyers chew on trade

Chinese importers of the livestock feed sorghum feasted on tabbouleh salad and chipotle tortillas made with the U.S. grain at a Texas barbecue this week, as farmers try to woo buyers in the middle of an escalating U.S.-China trade war.

Read more 0 Comments
ADRbusinessNews

Deutsche to pay $75 million to settle ADRs abuses case, U.S. SEC says

The U.S. Securities and Exchange Commission said on Friday that Deutsche Bank has agreed to pay nearly $75 million to settle an investigation into the mishandling of pre-release American Depositary Receipts (ADR).

Read more 0 Comments
businessNews

GE beats on EPS but trims cash flow target; shares fall

General Electric Co reported a smaller-than-expected drop in profit on Friday, but cut a key financial target, raising questions about its full-year outlook and sending shares sharply lower.

Read more 0 Comments
businessNews

Wall Street rises as Microsoft gains, lifts tech stocks

U.S. stocks rose on Friday as solid results from Microsoft lifted technology stocks and eased rising trade tensions after President Donald Trump said he was ready to impose levies on $500 billion worth of goods from China.

Read more 0 Comments
businessNews

Dollar weakens on Trump criticism; stocks tepid

The U.S. dollar weakened on Friday against key world currencies as President Donald Trump complained again about its strength, while U.S. and European stock markets were tepid amid fresh tariff talk and another round of corporate earnings.

Read more 0 Comments
businessNews

Factbox: Impact of U.S-China trade tariffs on U.S. companies

Several U.S. companies are putting in place measures to cushion the impact of escalating trade tensions between the United States and China.

Read more 0 Comments
businessNews

Baker Hughes second quarter profit misses estimate; outlook upbeat

Baker Hughes, General Electric Co’s oilfield services arm, on Friday reported a slight profit miss on weaker revenues in its oilfield equipment and turbomachinery businesses, but delivered an upbeat outlook for the second half of the year.

Read more 0 Comments
businessNews

GE CEO says China tariffs’ ‘gross cost’ could be $400 million

General Electric Co, a major buyer of Chinese goods, estimates new tariffs on its imports from China could raise its costs by $300 million to $400 million overall before steps to lessen the impact, Chief Executive John Flannery said on Friday.

Read more 0 Comments
businessNews

Lufthansa, Laudamotion court proceedings to start in November

A court in Britain will start proceedings on Nov. 19 in a case between Lufthansa and Laudamotion over leasing contracts, Lufthansa said on Friday.

Read more 0 Comments
businessNews

Microsoft shares at all-time high after bumper results

Microsoft Corp shares rose about 5 percent to an all-time high on Friday, after investors cheered another blockbuster quarter, backed by growth in its legacy software business and Azure cloud computing services.

Read more 0 Comments
businessNews

RBS to close small firms redress scheme to new claims

Royal Bank of Scotland said a scheme to compensate small firms hurt by its restructuring unit will close to new complaints after it paid out just 10 million pounds ($13 million) so far for direct losses.

Read more 0 Comments
businessNews

S&P flat as gains in Microsoft offset tariff fears

The S&P 500 was trading flat on Friday as Microsoft’s robust results helped offset escalating tariff worries after President Donald Trump said he was ready to impose levies on $500 billion worth of goods from China.

Read more 0 Comments
businessNews

GE CEO says China tariffs could cost conglomerate up to $400 million

General Electric Co, a major buyer of Chinese goods, estimates new tariffs on its imports from China could raise its costs by $300 million to $400 million overall before steps to lessen the impact, Chief Executive John Flannery said on Friday.

Read more 0 Comments
businessNews

Japan’s Abe says Japanese auto imports are no threat to U.S. national security

Japan’s Prime Minister Shinzo Abe said on Friday imports of Japanese automobiles pose no threat to U.S. national security, vowing to convince President Donald Trump not to impose tariffs that could damage the global economy.

Read more 0 Comments
businessNews

Wall Street opens lower on renewed trade war fears

U.S. stocks opened slightly lower on Friday as industrial stocks fell on worries of an escalation in trade war after President Donald Trump toughened his stance against China, but gains in Microsoft capped losses.

Read more 0 Comments
businessNews

Trump threatens tariffs on all $500 billion of Chinese imports: CNBC

President Donald Trump said he was ready to impose tariffs on all $500 billion of goods the U.S. imports from China, remarks that sent financial markets retreating and threatened to escalate a trade clash with the Asian giant.

Read more 0 Comments
businessNews

Factbox: Impact of trade tariffs on European companies

Some European companies are rethinking their strategies to cushion against the impact of trade tensions between the world’s two biggest economies, the United States and China.

Read more 0 Comments
businessNews

AT&T reveals three more cities for 5G launch by end of year

AT&T Inc on Friday named Oklahoma City, Charlotte and Raleigh, North Carolina, as three more cities where it plans launch its next-generation wireless network, or 5G, by the end of the year.

Read more 0 Comments
businessNews

Japan Inc to chase casino stakes as key law passes: industry insiders

Japanese firms are likely to pursue stakes in the country’s first casino resorts, after parliament on Friday enacted a law smoothing the way for large-scale gambling – a business expected to generate billions of dollars in revenue.

Read more 0 Comments
businessNews

Baker Hughes reports slight profit miss, delivers upbeat outlook

General Electric Co’s oilfield services arm Baker Hughes on Friday reported a slight profit miss on weaker sales in its oilfield equipment and turbomachinery businesses, sending the company’s shares down 2.4 percent.

Read more 0 Comments
businessNews

Hyundai Motor reaches a tentative wage deal with South Korean union

Hyundai Motor on Friday reached a tentative wage deal with its South Korean labour union, a company spokesperson said.

Read more 0 Comments