By Joe Cash BEIJING (Reuters) – China’s export growth slowed to a six-month low in August as a brief boost from a tariff truce with the U.S. faded, but demand elsewhere provided officials some relief as they try to underpin an economy facing low domestic consumption and external risks. Authorities are counting on manufacturers to …
China’s August export growth slowest in 6 months as US tariff risks mount Read More »
(Reuters) – Australia’s top supermarket chains Woolworths and Coles said on Monday they could incur millions in additional remediation costs following the federal court’s decision on historical underpayments to staff. Woolworths expects A$180 million ($117.9 million)-A$330 million in post-tax charge and said interests and tax could add A$140 million-A$200 million to its net liability. Coles, …
Woolworths, Coles flags extra costs after staff underpayments ruling Read More »
(This story has been refiled to replace an incorrect picture) By Jody Godoy (Reuters) -Attorneys general from Colorado and 19 other states on Friday called for a court to consider rejecting a U.S. Department of Justice’s settlement allowing Hewlett-Packard Enterprise to acquire Juniper Networks for $14 billion. The letter from the Democratic attorneys general is …
HPE-Juniper deal should be probed, Democratic AGs tell court Read More »
(Reuters) – Hyundai’s electric air taxi startup Supernal has paused work on its aircraft program after recent staff cuts and the departure of its CEO and chief technology officer, TechCrunch reported on Sunday, citing two people familiar with the matter. Supernal announced the departure of CEO Jaiwon Shin late last week. David McBride, the CTO, …
WASHINGTON (Reuters) – A top aide to U.S. President Donald Trump who is on his short list to be the next chair of the Federal Reserve said on Sunday that the central bank should be “fully independent of political influence,” including from Trump. “I would say 100% that monetary policy, Federal Reserve monetary policy, needs …
White House’s Hassett says Fed needs to be fully independent from Trump Read More »
By Ted Hesson WASHINGTON (Reuters) -President Donald Trump’s administration plans to target more businesses for immigration enforcement after a raid on a Hyundai facility in Georgia led to hundreds of arrests, a top White House official said on Sunday. Speaking on CNN’s ‘State of the Union,’ White House border czar Tom Homan said the administration …
US to target more businesses after Hyundai raid, top official says Read More »
By Lewis Krauskopf NEW YORK (Reuters) -A spate of inflation data confronts U.S. stock investors in the coming week as markets grapple with fresh uncertainty over tariffs and government bond yields, while equities hover at lofty valuations. The benchmark S&P 500 index closed at a record high on Thursday despite an uneven start to September, …
Inflation data looms for markets as stocks hover near records Read More »
By Olesya Astakhova, Dmitry Zhdannikov and Ahmed Rasheed LONDON/MOSCOW/BAGHDAD (Reuters) -OPEC+ is set to agree to further raise oil output on Sunday, while probably slowing the pace of increases from October compared with recent months because of weakening global demand, four OPEC+ sources said. OPEC+, which includes the Organization of the Petroleum Exporting Countries plus …
OPEC+ set to raise oil output further from October, sources say Read More »
By Allison Lampert and Rajesh Kumar Singh MONTREAL/CHICAGO (Reuters) -Air Canada flight attendants overwhelmingly rejected a wage agreement on Saturday, with a bitter wage dispute now expected to be worked out through mediation as workers cannot take further legal strike action. Flight attendants at Air Canada and Air Canada Rouge voted 99.1% against ratifying the …
Air Canada flight attendants reject wage agreement Read More »
By Alex Lawler, Olesya Astakhova and Ahmad Ghaddar LONDON/MOSCOW (Reuters) -OPEC+ will likely raise oil output on Sunday but probably add less oil from October than in recent months as global demand might be slowing with the end of the driving season, OPEC+ sources said on Saturday. OPEC+ has reversed its strategy of output cuts …
OPEC+ will likely raise oil output further from October, sources say Read More »
