With waiver, US lets Iran keep getting benefits of nuke deal The Trump administration took a key step Wednesday toward preserving the Obama-era nuclear deal with Iran, coupling the move with fresh ballistic missile sanctions to show it isn’t going light on the Islamic republic. The State Department said Iran […]
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Trade pact dumped by Trump could be revived at Asia-Pacific meeting Japan and other remaining members of the Trans Pacific Partnership will this weekend decide how to revive the trade agreement ditched by U.S. President Donald Trump. Their trade ministers will talk on the sidelines of an Asia-Pacific Economic Cooperation […]
Ford to cut 10 percent of its salaried workforce in North America, Asia Ford Motor Co (F.N) said on Wednesday that it plans to cut 10 percent of its salaried workforce in North America and Asia. The U.S. automaker employed about 201,000 workers globally as of Dec. 31. Reuters reported […]
Trump to reassure Saudi allies, promote business, talk tough on radicalism When U.S. President Donald Trump meets Saudi princes in Riyadh on Saturday, he can expect a warmer welcome than the one given a year ago to his predecessor Barack Obama, who Riyadh considered soft on arch foe Iran and […]
Icahn takes new 19.8 million share stake in Conduent in first quarter Billionaire investor Carl Icahn acquired a new 19.8 million share stake in business services provider Conduent Inc (CNDT.N) in the first quarter and sold out of pharmaceutical firm Allergan Plc (AGN.N) and speech technology group Nuance Communications Inc […]
Oil prices rise on expectation of extended crude supply cut Oil prices rose on Tuesday, extending gains after a joint announcement by top producers Saudi Arabia and Russia to push for an extension of supply cuts until the end of March 2018 gained traction. As of 0653 GMT, brent crude […]
Buffett's Berkshire boosts American, Southwest airline bets; sheds Fox Warren Buffett's Berkshire Hathaway Inc on Monday said it added to its sizable investments in American Airlines Group Inc and Southwest Airlines Co, and shed its stake in Twenty-First Century Fox Inc. In a regulatory filing, Berkshire said that in the […]
Absent from America, French cars drive into Iran election French carmakers PSA (PEUP.PA) and Renault (RENA.PA) are turning their U.S. absence into an Iranian advantage by piling into a resurgent market still off-limits to foreign rivals fearful of sanctions under Donald Trump's administration. The French investment has been seized upon […]
U.S. home appliances shipments rise 13.7 percent year-on-year in April Deliveries of the six biggest categories of white goods (AHAM 6) in the United States rose 13.7 percent year-on-year in April, data from industry body Association of Home Appliance Manufacturers (AHAM) showed late on Monday. Shipments in the country, a […]
Ford to cut North America, Asia salaried workers by 10 percent Ford Motor Co (F.N) plans to shrink its salaried workforce in North America and Asia by about 10 percent as it works to boost profits and its sliding stock price, a source familiar with the plan told Reuters on […]
