Business News

Trump's steel tariffs create big profits but few new jobs

SEDALIA, Missouri (Reuters) - Nucor Corp, America’s largest steelmaker, planned a new plant in Sedalia, Missouri, long before U.S. President Donald Trump imposed tariffs to protect the industry – and it does not need them to make money. Although the firm helped lead the lobbying push for tariffs on imports, executives say they invested in Sedalia and two other sites to capitalize on an already profitable strategy...

13 Nov 12:20 PM 0 Read More...

Walmart Indian venture Flipkart loses CEO after misconduct probe

(Reuters) - The Chief Executive and co-founder of Walmart’s Indian venture Flipkart Group, Binny Bansal, has resigned following a probe into serious personal misconduct, Walmart Inc (WMT.N) said in a regulatory filing on Tuesday. Bansal has strongly denied the allegations, the company said in a statement. Bansal and his representatives could not be reached for comment. “While the investigation did not find evid...

13 Nov 12:20 PM 0 Read More...

Oil down 2 percent after Trump urges OPEC not to cut supply

LONDON (Reuters) - Oil prices fell more than 2 percent on Tuesday after U.S. President Donald Trump put pressure on OPEC not to cut supply to prop up the market. Brent LCOc1 dropped $1.97 a barrel, or 2.8 percent, to a low of $68.15 before recovering to around $68.72, down $1.40, by 1140 GMT. U.S. light crude CLc1 was $1.30 lower at $58.63. Both crude benchmarks have fallen more than 20 percent since peaking at four-...

13 Nov 12:20 PM 0 Read More...

Goldman Sachs bankers 'cheated' Malaysia over 1MDB: PM Mahathir

KUALA LUMPUR/SINGAPORE (Reuters) - Malaysian Prime Minister Mahathir Mohamad said bankers at Goldman Sachs Group Inc (GS.N) “cheated” the country in dealings with state fund 1MDB and that U.S. authorities have promised to help return the fees the Wall Street bank earned from the fund. The U.S. investment bank has been under scrutiny for its role in helping raise funds through bond offerings for 1Malaysia Developm...

13 Nov 12:20 PM 0 Read More...

OPEC warns of 2019 oil glut as demand slows, rival supply rises

LONDON (Reuters) - OPEC warned on Tuesday that an oil supply glut could emerge in 2019 as the world economy slows and supply from rival producers rises more quickly than expected, building a case for cutting output at a meeting next month. Worried by a price drop and rising supplies, OPEC is talking again of reducing production just months after increasing it. Such a shift would worsen relations with U.S. President D...

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11/14/2018 – RACC Board Meeting

13 Nov, 2018 EngageNewswire.com is a high ranking blog, press release and news publishing website. We publish content from trusted sources. 11/14/2018 – RACC Board Meetinghttp://rifleareachamber.chambermaster.com/events/details/racc-board-meeting-11-14-2018-3436http://rifleareachamber.chambermaster.com/Feed/rss/UpcomingEv...

13 Nov 9:19 AM 0 Read More...

11/16/2018 – Dead Horses w/ Benjamin Jaffe (of HONEYHONEY)

13 Nov, 2018 EngageNewswire.com is a high ranking blog, press release and news publishing website. We publish content from trusted sources. 11/16/2018 – Dead Horses w/ Benjamin Jaffe (of HONEYHONEY)http://rifleareachamber.chambermaster.com/events/details/dead-horses-w-benjamin-jaffe-of-honeyhoney-9067http://rifleareachamb...

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11/17/2018 – Holidays in Grand Valley

13 Nov, 2018 EngageNewswire.com is a high ranking blog, press release and news publishing website. We publish content from trusted sources. 11/17/2018 – Holidays in Grand Valleyhttp://rifleareachamber.chambermaster.com/events/details/holidays-in-grand-valley-7970http://rifleareachamber.chambermaster.com/Feed/rss/UpcomingE...

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11/20/2018 – Ambassador’s Ribbon Cuttings

13 Nov, 2018 EngageNewswire.com is a high ranking blog, press release and news publishing website. We publish content from trusted sources. Your Ambassador’s are a group of Chamber members interested in helping make the Chamber & Business Community better! They meet the first Tuesday of the month at th...

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11/22/2018 – RFTA FALL SHOULDER SCHEDULE CHANGE

13 Nov, 2018 EngageNewswire.com is a high ranking blog, press release and news publishing website. We publish content from trusted sources. 11/22/2018 – RFTA FALL SHOULDER SCHEDULE CHANGEhttp://rifleareachamber.chambermaster.com/events/details/rfta-fall-shoulder-schedule-change-9069http://rifleareachamber.chambermaster.co...

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