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December 5, 2019
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Exclusive: White House considered kicking Huawei out of U.S. banking system: sources

Reuters
WASHINGTON (Reuters) – The Trump administration considered banning China’s Huawei from the U.S. financial system earlier this year as part of a host of policy options to thwart the blacklisted telecoms equipment giant, according to three people familiar with the matter. FILE PHOTO: A Huawei company logo is pictured at...
Reuters - Business

Saudi Aramco won’t breach maximum weight for firms in Saudi index: Argaam

Reuters
FILE PHOTO: A sign of Saudi Aramco’s initial public offering (IPO) is seen during a news conference by the state oil company at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019. REUTERS/Hamad I Mohammed/File Photo RIYADH (Reuters) – Saudi Aramco’s weighting in Saudi Arabia’s main stock index...
Reuters - Business

Mitsubishi Heavy Industries rethinking Spacejet delivery schedule: CEO

Reuters
FILE PHOTO: The logo of Mitsubishi Heavy Industries is seen at the company’s Sagamihara plant in Sagamihara, Japan, July 4, 2016. REUTERS/Maki Shiraki/File Photo NEW YORK (Reuters) – Mitsubishi Heavy Industries Ltd (7011.T) is rethinking the timetable for Japan’s first new commercial aircraft in 50 years and cannot commit to...
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Aston Martin launches first SUV, hopeful of a turnaround

Reuters
Aston Martin DBX, the company’s first sport utility vehicle, is displayed at its global launch ceremony in Beijing, China November 20, 2019. REUTERS/Jason Lee LONDON (Reuters) – Aston Martin, which has seen its share price plunge this year as sales failed to meet expectations after a stock market flotation, launched...
Reuters - Business

Montana lawmakers seek more time for Keystone XL public, tribal input

Reuters
WASHINGTON (Reuters) – Montana lawmakers representing Native American tribal members called on the state’s congressional delegation and the U.S. State Department on Thursday to extend the public comment period for the environmental review of the Keystone XL pipeline, saying tribes were not properly consulted. FILE PHOTO: Oil spilled from a...
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Giant Aramco listing a critical test for young Saudi exchange

Reuters
RIYADH/DUBAI (Reuters) – The imminent listing of oil giant Aramco will be a pivotal moment for Saudi Arabia’s young and untested Tadawul stock exchange. FILE PHOTO: A view shows branded oil tanks at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov/File Photo/File Photo The Tadawul...
Reuters - Business

China’s Jingye Group agrees outline deal to rescue British Steel

Reuters
BEIJING/LONDON (Reuters) – China’s Jingye Group said on Monday it has reached a provisional deal to buy British Steel and promised to invest 1.2 billion pounds ($1.5 billion) over the next decade and save thousands of jobs. FILE PHOTO: A general view shows the British Steel works in Scunthorpe, Britain,...
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EU argues case against Trump’s metal tariffs at WTO

Reuters
GENEVA (Reuters) – The European Union argued on Monday for the withdrawal of tariffs imposed by U.S. President Donald Trump on metal imports in one of the most high-profile and potentially explosive cases to come to the World Trade Organization (WTO). FILE PHOTO: U.S. and European Union flags are pictured...
Reuters - Business

Massive mining waste dams could pose deadly risks, say investors

Reuters
LONDON (Reuters) – A global inquiry into how mining companies store billions of tonnes of waste in huge dams, launched after a collapse in Brazil killed hundreds, shows about a tenth of the structures have had stability issues, investors said on Thursday. FILE PHOTO: Members of a rescue team search...
Reuters - Business

Leading union demands concessions in Thyssenkrupp elevator sale

Reuters
DUESSELDORF, Germany (Reuters) – Top representatives at IG Metall, Germany’s biggest union, will not approve a sale of Thyssenkrupp’s (TKAG.DE) prized elevator division unless potential buyers give far-reaching concessions to employees, they said. FILE PHOTO: The logo of German steelmaker ThyssenKrupp AG is seen at the gate to Haus Rheinberg,...
Reuters - Business

China September iron ore imports surge to 20-month high on firm demand

Reuters
BEIJING (Reuters) – China’s iron ore imports rose for a third straight month in September to a 20-month high, according to customs data released on Monday, fueled by firm demand at steel mills and stable shipments from big miners. FILE PHOTO: Piles of imported iron ore are seen at a...
Reuters - Business

China September rare earth exports fall nearly 18% from last month

Reuters
BEIJING (Reuters) – China’s rare earth exports in September fell 17.9% from August, customs data showed on Monday, amid lingering fears that the world’s top producer of the minerals will restrict supply because of its trade row with the United States. China, the world’s largest rare earth exporter, sold 3,571...
Reuters - Business

Chasing Chinese consumers, Tiffany CEO sends top bling abroad

Reuters
BOSTON (Reuters) – Tiffany & Co is sending more of its priciest jewelry to mainland China to reach consumers kept at home by a weak currency, Chief Executive Alessandro Bogliolo said on Thursday. FILE PHOTO: A Tiffany & Co store is seen on 5th Ave in New York, New York,...
Reuters - Business

Saudi Aramco plans to pay base dividend of $75 billion in 2020

Reuters
FILE PHOTO: Logo of Saudi Aramco is seen at the 20th Middle East Oil & Gas Show and Conference (MOES 2017) in Manama, Bahrain, March 7, 2017. REUTERS/Hamad I Mohammed/File Photo DUBAI (Reuters) – State-owned Saudi Aramco plans to pay a base dividend of $75 billion in 2020, it said...
Reuters - Business

In Michigan steel towns, tariffs meant to revive industry cost jobs

Reuters
ECORSE/RIVER ROUGE, Michigan (Reuters) – Some steelworkers who cheered U.S. President Donald Trump’s tariffs on foreign steel last year are now being laid off, an unintended consequence of his America First policy as United States Steel Corp (X.N) reacts to sagging demand from automakers reeling from higher steel prices. An...

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