Business News

U.S. stocks rise on industrials; dollar flattens

NEW YORK (Reuters) - The benchmark S&P 500 index hit a more than five-month high on Friday on gains in industrial stocks and energy companies, while the safe-haven U.S. dollar flattened after touching a two-week high. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 13, 2018. REUTERS/Brendan McDermidGold slipped to seven-month lows and Treasury prices rose after the Federal ...

13 Jul 8:59 PM 0 Read More...

Oil rises but set for second weekly fall as supply concerns ease

NEW YORK (Reuters) - Oil prices rose about 1 percent on Friday as strike actions in Norway and Iraq hit supplies, but futures were set for a second straight week of decline after Libyan ports reopened and on the view that Iran might still export some crude despite U.S. sanctions. FILE PHOTO: An oil well pump jack is seen at an oil field supply yard near Denver, Colorado, U.S., February 2, 2015. REUTERS/Rick Wilking...

13 Jul 3:54 PM 0 Read More...

Trump vows 'great' trade deal with UK, abruptly changing tack on May's Brexit plan

CHEQUERS, England (Reuters) - President Donald Trump said on Friday the United States and Britain could secure a “great” post-Brexit trade deal, lavishing praise on Prime Minister Theresa May and contradicting his own withering assessment of her strategy publicized hours earlier. Fresh from sending NATO into crisis talks and ahead of a summit with Kremlin chief Vladimir Putin, Trump shocked Britain’s political ...

13 Jul 3:54 PM 0 Read More...

Snarling orange 'Trump baby' blimp flies outside British parliament

LONDON (Reuters) - A blimp depicting Donald Trump as an orange, snarling nappy-wearing baby flew outside the British parliament in London on Friday, launched by critics of the U.S. president who are demonstrating throughout his visit to the country. Trump, who arrived on Thursday, said he would avoid London as much as possible to avoid the protests. “I guess when they put out blimps to make me feel unwelcome, no re...

13 Jul 3:54 PM 0 Read More...

Trump to talk to Russia's Putin about substantially reducing nuclear weapons

CHEQUERS, England (Reuters) - U.S. President Donald Trump said he would discuss substantial reductions to nuclear weapons when he meets Russian President Vladimir Putin in Helsinki on Monday. “The proliferation is a tremendous, I mean to me, it’s the biggest problem in the world, nuclear weapons, biggest problem in the world,” Trump said alongside British Prime Minister Theresa May at her Chequers country resid...

13 Jul 3:54 PM 0 Read More...

Citigroup profit beats on consumer banking, but revenue disappoints

(Reuters) - Citigroup Inc’s (C.N) quarterly profit topped Wall Street estimates on strength in its consumer banking business, but revenue missed expectations, weighed down by lower debt underwriting. The third-largest U.S. bank by assets, like its peers, has benefited from a cut in income tax rates and an expanding U.S. economy that has fueled demand for loans. The bank’s total loans rose 5 percent in the second ...

13 Jul 3:54 PM 0 Read More...

Trump says May's Brexit plan kills hope of a U.S. trade deal

LONDON (Reuters) - President Donald Trump directly criticized Prime Minister Theresa May’s Brexit strategy, saying it had probably killed off hope of a U.S.-British trade deal and that she had failed to take his advice on how to negotiate with the European Union. In an interview published just hours before he was due to have lunch with May and tea with Queen Elizabeth on Friday, Trump chided the “very unfortunate...

13 Jul 10:51 AM 0 Read More...

U.S. President Trump says relationship with UK is very, very strong

CHEQUERS, England (Reuters) - After publicly criticizing British Prime Minister Theresa May’s Brexit strategy, U.S. President Donald Trump said on Friday that the relationship was “very, very strong.” U.S. President Donald Trump arrives at Chequers, Britain July 13, 2018. REUTERS/Hannah McKay“We really have a very good relationship,” Trump said. “Today we are talking trade and we are talking military,...

13 Jul 10:51 AM 0 Read More...

Trump says he and May 'probably never developed a better relationship'

CHEQUERS, England (Reuters) - U.S President Donald Trump said on Friday he and British Prime Minister Theresa May had “probably never developed a better relationship” than during a dinner on Thursday. Britain's Prime Minister Theresa May poses for a photograph with U.S. President Donald Trump at Chequers near Aylesbury, Britain July 13, 2018. REUTERS/Hannah McKayEarlier, in a newspaper interview published during ...

13 Jul 10:50 AM 0 Read More...

UK PM May has good relationship with Trump, confident of trade deal: spokeswoman

LONDON (Reuters) - British Prime Minister Theresa May has a good relationship with Donald Trump and is confident a trade deal can be agreed with the United States after the president criticized her Brexit plans in an interview, her spokeswoman said. Britain's Prime Minister Theresa May greets U.S. President Donald Trump at Chequers, Britain July 13, 2018. REUTERS/Hannah McKayTrump told The Sun newspaper that May’s ...

13 Jul 10:50 AM 0 Read More...