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(Corrects story to make clear Greer’s comments aired by CBS on Sunday were taped on Friday.) (Reuters) -The tariffs U.S. President Donald Trump imposed last week on scores of countries are likely to stay in place rather than be cut as part of continuing negotiations, Trade Representative Jamieson Greer said in comments aired on Sunday. …

Latest Trump tariffs unlikely to budge, top negotiator says Read More »

By Colleen Howe BEIJING, August 1 (Reuters) -China’s biggest solar firms shed nearly one-third of their workforces last year, company filings show, as one of the industries hand-picked by Beijing to drive economic growth grapples with falling prices and steep losses. The job cuts illustrate the pain from the vicious price wars being fought across …

China’s solar giants quietly shed a third of their workforces last year Read More »

(Reuters) -Union members who assemble Boeing’s fighter jets in the St. Louis area rejected the U.S. planemaker’s latest contract offer on Sunday and will strike at midnight on Monday, the International Association of Machinists and Aerospace Workers union (IAM) said. “IAM District 837 members … deserve a contract that reflects their skill, dedication, and the …

Boeing St. Louis defense workers set to strike from Monday after rejecting latest offer Read More »

(Reuters) -U.S. railroad customer groups have demanded regulators block or put onerous conditions on the proposed merger of Union Pacific and Norfolk Southern, the Financial Times reported on Sunday. Seven associations of shippers have expressed concern the planned deal would significantly increase the power of the merged railroad to raise prices or reduce service standards, …

Rail customers urge regulators to block Union Pacific-Norfolk Southern deal, FT reports Read More »

By Saqib Iqbal Ahmed NEW YORK (Reuters) -With more than half of second quarter earnings reported and stocks near record highs, company results have reassured investors about the artificial intelligence trade that has energized Wall Street, even if tariff worries curtailed buying. With results in from 297 of the S&P 500 companies as of Thursday, …

AI gains and strong earnings support Wall Street as tariff woes linger Read More »

By Daina Beth Solomon SANTIAGO (Reuters) -Chilean copper miner Codelco has discovered the remains of one of five trapped miners at its flagship El Teniente mine, it said on Saturday, bringing the death toll from a collapse caused by a strong tremor on Thursday to two people.  It said that the identity of the second victim …

Chile’s Codelco reports death of one of five trapped El Teniente miners Read More »

By Jonathan Stempel (Reuters) -Warren Buffett’s Berkshire Hathaway said on Saturday it took a $3.76 billion write-down on its stake in Kraft Heinz during the second quarter, an acknowledgment the decade-old investment hasn’t worked out. Berkshire also reported a 4% decline in quarterly operating profit as insurance underwriting premiums fell. The write-down and lower gains …

Berkshire takes $3.8 billion Kraft Heinz write-down, operating profit falls Read More »

By Michael S. Derby (Reuters) -The Federal Reserve said on Friday that Governor Adriana Kugler is resigning early from her term and will exit the central bank on Aug. 8, potentially shaking up what was already a fractious succession process for Fed leadership amid difficult relations with President Donald Trump. The Fed said in a …

Kugler resigning from Fed, opening door to Trump appointment Read More »

By Shivam Patel and Chandni Shah NEW DELHI (Reuters) – India will keep purchasing oil from Russia despite U.S. President Donald Trump’s threats of penalties, two Indian government sources told Reuters on Saturday, not wishing to be identified due to the sensitivity of the matter. On top of a new 25% tariff on India’s exports …

India to maintain Russian oil imports despite Trump threats, government sources say Read More »