Sectors Shares

US Business

WRAPUP 3-OPEC, Russia prepared to raise oil output amid U.S. pressure

26/05 Saudi Arabia and Russia are discussing raising OPEC and non-OPEC oil production by some 1 million barrels a day, sources said, weeks after U.S. President Donald Trump complained about artificially high prices.. . .  Full story

Russia's Avtovaz explores alternatives to sanctions-hit Rusal

26/05 Russian automaker Avtovaz said it will continue to buy aluminium from sanctions-hit Rusal but was looking for alternative sources in case it has to wind down business with the world's biggest producer of the metal.. . .  Full story

Miner Grupo Mexico blames freight train derailments on "sabotage"

26/05 Mexican miner and infrastructure firm Grupo Mexico on Friday said in a statement that seven freight train derailments were due to "sabotage" and would cost the company 312 million pesos ($16 million).. . .  Full story

U.S. reaches deal to keep China's ZTE in business -congressional aide

26/05 The Trump administration told lawmakers the U.S. government has reached a deal to put Chinese telecommunications company ZTE Corp back in business after it pays a significant fine and makes management changes, a senior. . .  Full story

Talks over Panama-China free trade pact to start in July

26/05 Negotiations over a free trade agreement between Panama and China will begin in July, Panama's trade and industry minister said on Friday, just a year after the two nations established diplomatic relations.. . .  Full story

Canada's Trudeau raises U.S. auto import probe concerns with Trump

26/05 Canadian Prime Minister Justin Trudeau spoke with U.S. President Donald Trump on Friday and raised "strong concerns" about a U.S. probe into car and truck imports that was launched this week, the prime minister's. . .  Full story

S&P 500 companies return $1 trillion to shareholders in tax-cut surge

25/05 S&P 500 companies have returned a record $1 trillion to shareholders over the past year, helped by a recent surge in dividends and stock buybacks following sweeping corporate tax cuts introduced by Republicans, a report. . .  Full story

Tesla agrees to settle class action over Autopilot billed as 'safer'

25/05 Tesla Inc on Thursday reached an agreement to settle a class action lawsuit with buyers of its Model S and Model X cars who alleged that the company's assisted-driving Autopilot system was "essentially unusable and. . .  Full story

S&P, Dow fall as oil drop hurts energy; chipmakers boost Nasdaq

25/05 The S&P 500 and the Dow eased on Friday after a steep drop in oil prices pressured energy stocks, but losses were limited by gains in chipmakers and retail stocks.. . .  Full story

Wall St Week Ahead-Investors find little appetite for consumer staples

25/05 The consumer staples index, the S&P 500's biggest laggard for 2018, could have further to fall and may even look less appealing as a defensive play in the event the economy turns sour.. . .  Full story

Wheat rallies more than 2 percent on dry weather fears

25/05 U.S. wheat futures jumped more than 2 percent on Friday and ended the week up nearly 5 percent as worries about dry weather in key global production regions fueled short-covering and speculative buying.. . .  Full story

Fed faces 'agonizing' debate as rates near neutral level -Kaplan

25/05 The Federal Reserve plans to continue tightening monetary policy gradually for now, but it faces a much tougher decision as U.S. interest rates near a "neutral" level where they neither boost nor slow the. . .  Full story

OPEC, Russia prepared to raise oil output under U.S. pressure

25/05 Saudi Arabia and Russia are discussing raising OPEC and non-OPEC oil production by some 1 million barrels a day, sources said, while OPEC's chief said a complaint from U.S. President Donald Trump over high prices. . .  Full story

U.S. proposes scrapping program aimed at attracting foreign entrepreneurs

25/05 The Trump administration moved on Friday to end a program that aimed to attract foreign entrepreneurs to the United States, saying the Obama-era effort did not adequately protect American workers and was an inappropriate use. . .  Full story

U.S. reaches deal to keep Chinese telecom ZTE in business -congressional aide

25/05 The Trump administration told lawmakers the U.S. government has reached a deal to put Chinese telecommunications company ZTE Corp back in business, a senior congressional aide said on Friday.. . .  Full story

EU privacy law enters into force, activist takes aim

25/05 New European privacy regulations went into effect on Friday that will force companies to be more attentive to how they handle customer data.. . .  Full story

Italy, Spain fears boost demand for U.S. bonds

25/05 U.S. Treasury yields fell to their lowest level in three weeks on Friday as concerns about Italy‚Äôs new government and a leadership challenge in Spain boosted demand for low-risk debt.. . .  Full story

Gold dips slightly as Trump says North Korea talks may continue

25/05 Gold prices dropped slightly on Friday, but still remained above $1,300 per ounce as investors digested news of U.S. President Donald Trump saying a meeting with North Korea's leader could still go ahead.. . .  Full story

U.S. drillers add most rigs in week and month since Feb -Baker Hughes

25/05 U.S. energy companies added the most oil rigs in both a week and a month since February as drillers continued to return to the well pad with crude prices at their highest since late. . .  Full story

In U.S. soybean splurge, Beijing faces tough sell to saturated market

25/05 China's nod to state-owned companies to start buying U.S. soybeans again to help placate its top trading partner may turn into a test of Beijing's will over market forces.. . .  Full story

As WTO mulls restart of farm talks, U.S. calls for a "reset"

25/05 The United States has called at a meeting in Geneva for a "reset" of agricultural trade negotiations, rejecting calls from other states to push on with long-drawn-out talks on reform, a trade official said.. . .  Full story

U.S. business spending on equipment improving

25/05 New orders for key U.S.-made capital goods increased more than expected in April and shipments rebounded, pointing to a moderate pickup in business spending on equipment after slowing down at the end of the. . .  Full story

Europe and U.S. lurch closer towards trade war

25/05 With Italy in political turmoil, oil prices on the rise and North Korea tensions back on the burner, the last thing the global economy needs is a big lurch towards a trade war further. . .  Full story

Smell of stagnation sends Gap shares down 14 pct

25/05 Shares of clothing retailer Gap Inc slumped 14 percent on Friday after a surprisingly large fall in same-store sales of its flagship brand weakened overall revenue and dragged quarterly profits down below Wall Street forecasts.. . .  Full story

Mexico minister: 40 pct chance of NAFTA deal before July election

25/05 There is about a 40-percent chance of concluding the renegotiation of the North American Free Trade Agreement (NAFTA) before Mexico's presidential election on July 1, Mexican Economy Minister Ildefonso Guajardo said on Friday.. . .  Full story

Foot Locker tops forecasts as premium brands sell

25/05 Sneaker and sportswear specialist Foot Locker Inc beat Wall Street sales estimates by the most in at least two years on Friday, citing strong demand for premium products from its top vendors Nike Inc. . .  Full story

Japan's Abe says hopes on Washington's U-turn on TPP withdrawal

25/05 Japanese Prime Minister Shinzo Abe said on Friday he hoped that the United States would change its mind on pulling out from the Trans-Pacific Partnership (TPP) trade pact.. . .  Full story

TSX dips as lower oil prices weigh on energy stocks

25/05 Canada's main stock index dipped on Friday for the fourth straight day, as a more than 2 percent drop in oil prices pushed energy stocks lower.. . .  Full story

Outflows from Italy funds hit record high -BAML

25/05 Italy-only equity funds suffered record outflows in the week to May 23, equivalent to 6 percent of total investments in such funds, Bank of America Merrill Lynch (BAML) said on Friday, as investors eyed. . .  Full story

Trump metals tariffs make Granite City great again, but at what cost?

25/05 After Donald Trump was elected president in 2016 on a pledge to "Make America Great Again" and revive the country's old industrial heartland, Dave Chrusciel hoped someday to return to his previous job at. . .  Full story

Daimler threatened with recall of over 600,000 diesel models -Spiegel

25/05 Daimler faces a recall order for more than 600,000 diesel-engine vehicles including C-Class and G-Class models because of suspected emissions manipulation, German magazine Der Spiegel reported on Friday.. . .  Full story

TSX slips at open as oil prices fall

25/05 Canada's main stock index opened slightly lower on Friday, weighed down by the energy index as oil prices fell more than 2 percent towards $77 a barrel.. . .  Full story

Merkel calls for Germany and China to regear relations for digital era

25/05 Berlin and Beijing must revamp their relationship to adapt to digital changes, said Angela Merkel, who has made the issue a top priority of her fourth term as German Chancellor.. . .  Full story

EU removes Bahamas, St Kitts from tax haven blacklist

25/05 European Union finance ministers agreed on Friday to remove the Caribbean island countries of the Bahamas and Saint Kitts and Nevis from an EU list of tax havens.. . .  Full story

New privacy law forces some U.S. media offline in Europe

25/05 Major U.S.-media outlets including the LA Times and Chicago Tribune were forced to shutter their websites in parts of Europe on Friday following the roll out of stringent new privacy regulations by the European Union.. . .  Full story

Tax-dodge strategists probe loopholes in new U.S. law, IRS wary

25/05 Tax experts for global corporations are hot on the trail of loopholes in the sweeping tax law approved in December by President Donald Trump and Republicans in the U.S. Congress.. . .  Full story