Business News

Campbell Soup CEO steps down abruptly, review of products planned

(Reuters) - Campbell Soup Co Chief Executive Officer Denise Morrison unexpectedly stepped down on Friday, after seven years at the helm, at the same time the company said it would embark on a review of its vast array of brands. FILE PHOTO: Tins of Campbell's Tomato Soup are seen on a supermarket shelf in Seattle, Washington, U.S. February 10, 2017. REUTERS/Chris Helgren/File Photo Mo...

18 May 3:04 PM 0 Read More...

Industrials limit losses on Wall Street

(Reuters) - The benchmark S&P 500 index fell on Friday, weighed down by losses in shares of Alphabet and Applied Materials, although industrial stocks helped limit losses on signs of progress in Sino-U.S. trade talks. FILE PHOTO: Traders work on the floor of the New York Stock Exchange, (NYSE) in New York, NY, U.S., April 30, 2018. REUTERS/Brendan McdermidChina denied it had offered a package to slash the U.S. t...

18 May 3:04 PM 0 Read More...

Trump's bonfire of the treaties sweeps towards the WTO

GENEVA (Reuters) - President Donald Trump has the World Trade Organization in a chokehold, and the United States has made clear what he wants: no more judicial rulings that interpret WTO rules to Washington’s disadvantage. FILE PHOTO: U.S. President Donald Trump holds a signed memorandum on intellectual property tariffs on high-tech goods from China, at the White House in Washington, U.S. March 22, 2018. REUTERS/J...

18 May 3:04 PM 0 Read More...

Dollar and oil pause ascent, bonds and gold lick wounds

LONDON (Reuters) - Calm returned to world markets on Friday after a rollercoaster week that has seen oil break $80 a barrel, government borrowing costs jump and emerging markets battered by a pumped-up dollar. A trader works at Frankfurt's stock exchange in Frankfurt, Germany, April 6, 2018. REUTERS/Ralph Orlowski Traders were wondering if it would all flare up again with Italian politics unsettled, the United States...

18 May 9:59 AM 0 Read More...

China denies it offered package to slash U.S. trade gap by $200 billion

BEIJING (Reuters) - China denied on Friday that it had offered a package to slash the U.S. trade deficit by up to $200 billion, hours after it dropped an anti-dumping probe into U.S. sorghum imports in a conciliatory gesture as top officials meet in Washington. FILE PHOTO: U.S. President Donald Trump and China's President Xi Jinping shake hands after making joint statements at the Great Hall of the People in Beijing...

18 May 9:59 AM 0 Read More...

Asia stocks edge higher, investors cautious on U.S.-China trade talks

TOKYO (Reuters) - Asian stocks edged up on Friday as investors kept a cautious watch on developments in U.S.-China trade negotiations, with the dollar perched near a five-month peak after the benchmark U.S. Treasury yield hit its highest in seven years. Market prices are reflected in a glass window at the Tokyo Stock Exchange (TSE) in Tokyo, Japan, February 6, 2018. REUTERS/Toru Hanai MSCI’s broadest index of As...

18 May 4:54 AM 0 Read More...

China halts U.S. sorghum dumping probe amid signs of trade thaw

BEIJING/WASHINGTON (Reuters) - China said on Friday it was dropping an anti-dumping probe into imports of U.S. sorghum, a conciliatory gesture as top officials meet in Washington in an effort to head off a trade war between the world’s two biggest economies. FILE PHOTO: A field of sorghum (milo) grain is seen at a farm outside of Texhoma, Oklahoma, U.S., in this undated photo released to Reuters on April 3, 2018. ...

18 May 4:54 AM 0 Read More...

Uber chief product officer to leave in latest executive departure

(Reuters) - Uber Technologies Inc [UBER.UL] Chief Product Officer Jeff Holden is leaving the ride-hailing company, an Uber spokesman told Reuters on Thursday, the latest of more than a dozen senior executives to depart since last year. FILE PHOTO: The Uber logo is displayed on a screen during the Women In The World Summit in New York City, U.S., April 12, 2018. REUTERS/Brendan McDermid/File PhotoHolden oversaw Ube...

18 May 4:54 AM 0 Read More...

Trump doubts success in rebalancing U.S.-China trade as talks get underway

WASHINGTON (Reuters) - President Donald Trump said on Thursday that China had become “very spoiled” on trade with the United States and cast doubt on the success of his efforts to rebalance the relationship with Beijing as high-stakes U.S.-China negotiations opened in Washington. Trump, speaking to reporters at the White House, said China had “ripped off” the United States for too long and that he told Chines...

17 May 11:49 PM 0 Read More...

Wall St. ends down slightly on trade, oil price concerns

NEW YORK (Reuters) - Wall Street ended a choppy trading session lower on Thursday, as investors grappled with escalating trade tensions and rising oil prices. FILE PHOTO: Traders and guests gather for the IPO of PermRock Royalty Trust on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 2, 2018. REUTERS/Brendan McDermidComments by U.S. President Donald Trump that China “has become very spoiled...

17 May 11:49 PM 0 Read More...