Business News

Tough U.S. NAFTA demands send ball back into lobbyists' court

ARLINGTON, Va. (Reuters) - Lobbying efforts on the North American Free Trade Agreement hit a crucial stage this week after the Trump administration ignored the U.S. business community’s advice and pitched proposals to radically reshape NAFTA, leaving its future in doubt. The U.S. demands to force renegotiations of NAFTA every five years and reserve the lion’s share of automotive manufacturing for the United State...

16 Oct 8:14 PM 0 Read More...

Wall Street hits fresh record on financial, tech gains

(Reuters) - Major Wall Street indexes hit fresh records at the open on Monday on gains in financial and technology stocks even as investors awaited a barrage of earnings reports this week. Apple (AAPL.O) gained 1.05 percent, providing the biggest boost to the Nasdaq and the S&P after KeyBanc upgraded the stock to “overweight”. Financial stocks gained for the first time in four days, led by bank stocks. Reacti...

16 Oct 3:14 PM 0 Read More...

China data boosts world stocks and commodities, oil jumps

LONDON (Reuters) - World stocks and commodities rose on Monday, boosted by upbeat Chinese data, while U.S. oil futures jumped to a near six-month high as escalating tensions between the Iraqi government and Kurdish forces threatened supply. Asian shares rallied to a decade-high after figures showed China’s producer prices beat market expectations to rise 6.9 percent in September from a year earlier. Copper hit thre...

16 Oct 10:09 AM 0 Read More...

As the quartet breaks up, central banking leadership flux looms

WASHINGTON (Reuters) - The leaders of the world’s top central banks who risked trillions of dollars and their reputations to rescue the global economy are now set to walk off stage at a time when the lingering effects of the crisis, evolving technology and a combustible political landscape will challenge their successors. The Federal Reserve, the Bank of Japan and the People’s Bank of China may all have new bosse...

16 Oct 10:09 AM 0 Read More...

Viacom, Charter agree to extend renewal deadline: source

(Reuters) - Viacom Inc and Charter Communications Inc agreed on a short-term extension of their renewal deadline, a source familiar with the matter said, as the companies aim to avoid the immediate blackout of Viacom networks. If no deal is reached, 16.6 million subscribers of Charter’s Spectrum service will lose Viacom’s networks, which include Comedy Central, MTV and Nickelodeon. Viacom and Charter are working...

16 Oct 10:09 AM 0 Read More...

Fake paperwork, poor parts challenge China's aerospace boom

SHANGHAI (Reuters) - Chinese suppliers to U.S. flight control systems maker Moog sold it poorly made parts, faked paperwork and outsourced work to a factory not approved by the company, according to an internal report by U.S. aviation regulators. In a 9-page report dated Nov. 4, 2016 obtained by Reuters through a freedom of information request, the Federal Aviation Authority (FAA) said 273 affected parts were install...

16 Oct 10:09 AM 0 Read More...

Asian shares conquer 10-year peak, oil up on Iraq tensions

SYDNEY (Reuters) - Asian shares advanced to a decade high on Monday, while U.S. oil futures jumped to hover near a six-month top as escalating tensions between the Iraqi government and Kurdish forces threatened supply. Iraqi forces began moving at midnight on Sunday towards oil fields held by Kurdish Peshmerga fighters near the oil-rich city of Kirkuk. In response, U.S. crude climbed 0.9 percent to $51.92 a barrel, n...

16 Oct 5:09 AM 0 Read More...

Bombardier exploring options for aerospace businesses: Bloomberg

(Reuters) - Canadian aerospace manufacturer Bombardier Inc (BBDb.TO) is exploring options for its aerospace businesses, including a sale of some operations, Bloomberg reported on Sunday. The company is considering disposal of assets including its Q400 turboprop and CRJ regional-jet unit, the report said, citing people familiar with the matter. bloom.bg/2gdycXF Bombardier is also looking at partnerships with other ae...

16 Oct 12:04 AM 0 Read More...

Exclusive: T-Mobile, Sprint aim to announce merger without asset divestitures – sources

(Reuters) – T-Mobile U.S. Inc (TMUS.O) and Sprint Corp (S.N) plan to announce a merger agreement without any immediate asset sales, as they seek to preserve as much of their spectrum holdings and cost synergies as they can before regulators ask for concessions, according to people familiar with the matter. While it is common for companies not to unveil divestitures during merger announcements, T-Mobile’s and Sp...

16 Oct 12:04 AM 0 Read More...

Airbus CEO sees no reason to step down over probes

FRANKFURT (Reuters) - Airbus (AIR.PA) Chief Executive Tom Enders sees no reason to resign over ongoing UK and French corruption investigations, but would be ready to do so if needed, he told a German newspaper “You can be assured: Once I am no longer part of the solution, and I hope I would realize myself when that is, I will draw the consequences (and step down). But for now, I don’t think we’re at this point,...

15 Oct 7:00 PM 0 Read More...