Business News

Shares rally, yen and gold fall as Korea tensions ease

LONDON (Reuters) - Shares rose on Tuesday, while the Japanese yen and gold dropped after North Korea's leader delayed a decision on firing missiles towards Guam, easing tensions and prompting investors to buy riskier assets. Wall Street looked set to open 0.2-0.3 percent higher, according to index futures ESc1 1YMc1 NQc1, after shares rose in Europe and Asia. The pan-European STOXX 600 index rose 0.1 percent, with f...

15 Aug 12:46 PM 0 Read More...

Futures higher as North Korea tensions fade

(Reuters) - U.S. stock index futures were higher on Tuesday as North Korea's leader delayed a decision on firing missiles towards the U.S. Pacific territory of Guam, pointing to receding tensions between the United States and North Korea. Wall Street continued to recover from last week's selloff, with the S&P 500 posting its biggest one-day percentage gain since April on Monday. Pyongyang's plans to fire missiles...

15 Aug 12:46 PM 0 Read More...

Three CEOs resign from Trump council over Charlottesville

(Reuters) - The chief executives of Intel Corp, Merck & Co Inc and Under Armour Inc resigned from U.S. President Donald Trump's American Manufacturing Council on Monday, following Trump's initially tepid response to weekend violence at a rally of white supremacists in Charlottesville, Virginia. "I resigned from the council to call attention to the serious harm our divided political climate is causing to critical ...

15 Aug 12:46 PM 0 Read More...

Oil traders expect Asia to import more Venezuelan crude if U.S. sanctions kick in

SINGAPORE/HOUSTON (Reuters) - Asia would be the biggest beneficiary of any potential sanctions by the United States on Venezuela's oil sector, said traders and analysts, as exports from the South American OPEC member could be redirected to the region, filling a vacuum left by producer supply cuts. Washington is considering sanctions on Venezuela's oil industry in response to the ruling Socialist Party's crackdown on...

15 Aug 12:46 PM 0 Read More...

China says it will defend interests if U.S. harms trade ties

BEIJING (Reuters) - China will take action to defend its interests if the United States damages trade ties, the Ministry of Commerce said on Tuesday, after U.S. President Donald Trump authorized an inquiry into China's alleged theft of intellectual property. Trump's move, the first direct trade measure by his administration against China, comes at a time of heightened tension over North Korea's nuclear ambitions, tho...

15 Aug 12:46 PM 0 Read More...

Asian shares, dollar rally as North Korea blinks

TOKYO (Reuters) - Asian shares rallied and the dollar firmed on Tuesday after North Korea's leader signaled that he would delay plans to fire a missile near Guam, further easing tensions and prompting investors to move back into riskier assets. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS edged up 0.2 percent, with South Korea .KS11 up 0.6 percent and Australia 0.7 percent. Japan's Nikkei...

15 Aug 2:39 AM 0 Read More...

Merck and Under Armour CEOs resign from Trump council over Charlottesville

(Reuters) - The chief executives of Merck & Co Inc and Under Armour Inc resigned from U.S. President Donald Trump's American Manufacturing Council on Monday, following Trump's initially tepid response to weekend violence at a rally of white supremacists in Charlottesville, Virginia. Kenneth Fraizer, the chief executive of drugmaker Merck and an African-American, said he left the advisory council because of the p...

15 Aug 2:39 AM 0 Read More...

Trump orders probe of China's intellectual property practices

WASHINGTON (Reuters) - President Donald Trump on Monday authorized an inquiry into China's alleged theft of intellectual property in the first direct trade measure by his administration against Beijing, but one that is unlikely to prompt near-term change. Trump broke from his 17-day vacation in New Jersey to sign the memo in the White House at a time of heightened tensions between Washington and Beijing over North Ko...

15 Aug 2:39 AM 0 Read More...

Trump signs memo directing probe into China’s IP practices

14 Aug, 2017 EngageNewswire.com is a high ranking blog, press release and news publishing website. We publish content from trusted sources. WASHINGTON (Reuters) – U.S. President Donald Trump on Monday signed a presidential memorandum authorizing an investigation into China’s alleged theft of American intellectual prop...

14 Aug 9:37 PM 0 Read More...

Neo-Nazi site’s registration canceled by GoDaddy then Google

TORONTO (Reuters) – Neo-Nazi website the Daily Stormer had its domain registration revoked twice in less than 24 hours, in moves that threatened to take it offline if it does not find a replacement for GoDaddy and Google, which both said the site had violated their terms of service. GoDaddy Inc (GDDY.N) disclosed late on Sunday via Twitter that it had given The Daily Stormer 24 hours to move its domain to another...

14 Aug 9:37 PM 0 Read More...