Japan, U.S. ministers meet for trade talks as hopes for early deal fade
TOKYO (Reuters) – Japan and the United States will seek to narrow gaps on trade when their top negotiators meet this week, but hopes for a deal in September are …
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PES layoffs accelerate as Philadelphia refinery closes
(Reuters) – Refiner Philadelphia Energy Solutions PESC.N is laying off the majority of its unionized workforce on Tuesday and Wednesday, the union’s president said, ahead of an initial layoff deadline. …
Read MoreHuawei founder details ‘battle mode’ reform plan to beat U.S. crisis
HONG KONG (Reuters) – China’s Huawei will spend more on production equipment this year to ensure supply continuity, cut redundant roles and demote inefficient managers as its grapples with a …
Read MoreHumbled Deutsche Bank faces battle in its own backyard
FRANKFURT (Reuters) – Online retailer Zalando is just the kind of fast-growing German business with foreign expansion plans that Deutsche Bank Chief Executive Christian Sewing needs to help drive the …
Read MoreJudge dismisses turnaround guru’s racketeering case vs McKinsey
WILMINGTON, Del. (Reuters) – A federal judge dismissed claims on Monday by turnaround pioneer Jay Alix that McKinsey & Co violated racketeering laws when the consulting firm expanded into advising …
Read MoreWall St. opens higher on stimulus hopes
FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., August 12, 2019. REUTERS/Eduardo Munoz (Reuters) – Wall Street opened higher on …
Read MoreTrump ‘not ready’ for China trade deal, dismisses recession fears
WASHINGTON (Reuters) – U.S. President Donald Trump and top White House officials dismissed concerns that economic growth may be faltering, saying on Sunday they saw little risk of recession despite …
Read MoreJPMorgan to brief clients on volatility in equity markets
FILE PHOTO: A view of the exterior of the JP Morgan Chase & Co. Corporate headquarters in the Manhattan borough of New York City, May 20, 2015. REUTERS/Mike Segar (Reuters) …
Read MoreU.S. whiskey exporters struggle after year of EU tariffs
BRISTOL, Pa. (Reuters) – When Europe’s tariffs on U.S. whiskey hit in June 2018, craft distillery Mountain Laurel Spirits LLC lost 10% of its sales overnight as its European distributor …
Read MoreFerrari will expand its lineup of road cars, but not too much
FILE PHOTO: FCA Chairman John Elkann is seen before an event at the Bocconi University in Milan, Italy May 27, 2019. REUTERS/Alessandro Garofalo PEBBLE BEACH, Calif. (Reuters) – Italian premium …
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