Category Archives: Business News

FRANKFURT (Reuters) – Carmaker Opel, a unit of France’s PSA Group (PEUP.PA), is planning to further scale back production at its Ruesselsheim plant, a local newspaper group reported on Friday. FILE PHOTO: An Opel logo is pictured in Ruesselsheim, Germany July 4, 2018. REUTERS/Ralph Orlowski/File Photo The company aims to cut production to 35 from […]

(Reuters) – The U.S. Securities and Exchange Commission on Wednesday sued the founder and former chief executive of Sientra Inc (SIEN.O) for fraudulently concealing problems with his company’s breast and other implants as it was raising $61.4 million in a public stock offering. FILE PHOTO: The seal of the U.S. Securities and Exchange Commission hangs […]

NEW YORK (Reuters) – Wall Street bounced back on Tuesday, led by gains in consumer discretionary, technology and industrial stocks as investors shrugged off escalating trade rhetoric between the United States and China. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., September 12, 2018. REUTERS/Brendan McDermid All […]

(Reuters) – The United States will spare some technology products including Apple Inc’s (AAPL.O) Watch and AirPods from the next round of tariffs it is imposing on Chinese goods, Bloomberg reported on Monday, citing two people familiar with the matter. FILE PHOTO: Apple AirPods are displayed during a media event in San Francisco, California, U.S. […]

BERLIN (Reuters) – Governments cannot completely prevent a repeat of events like the 2008 global financial crisis even though regulations have been tightened since the collapse of Lehman Brothers a decade ago, Germany’s top central banker told Bild newspaper. Germany’s Bundesbank President Jens Weidmann arrives to deliver a speech in Berlin, Germany, August 23, 2018. […]

LONDON (Reuters) – Iran’s OPEC governor said on Saturday that Saudi Arabia and Russia have taken the oil market “hostage” as U.S. President Donald Trump seeks to impose fresh sanctions on Iranian oil sales. The national flags of Russia and Saudi Arabia are seen during a meeting of the Organization of the Petroleum Exporting Countries […]

WASHINGTON (Reuters) – U.S. President Donald Trump has instructed aides to proceed with tariffs on about $200 billion more Chinese goods, despite Treasury Secretary Steven Mnuchin’s attempts to restart trade talks with China, a source familiar with the decision said. Shipping containers are seen at a port in Lianyungang, Jiangsu province, China September 8, 2018. […]

NEW YORK (Reuters) – The founders of Diamondback Capital, one of a handful of hedge funds touched by the U.S. government’s insider trading probe, have reunited and are working on a new investment project, people familiar with the matter said. FILE PHOTO: Richard Schimel speaks during the Milken Institute Global Conference in Beverly Hills, California, […]

WASHINGTON (Reuters) – U.S. businesses have scaled back or postponed investments in several parts of the country due to concerns about international trade tensions, the Federal Reserve said on Wednesday. The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie The U.S. central bank also said in its Beige Book […]

NEW YORK (Reuters) – A broad index of world stock markets posted gains for a second straight day, as investors swooned over U.S. technology and energy stocks even as a trade war loomed. Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., September 11, […]