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October 22, 2019
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U.S. House votes to advance bill curbing anonymous shell companies

Reuters
A bird flies across the U.S. Capitol rotunda, on Capitol Hill in Washington, U.S., October 22, 2019. REUTERS/Tom Brenner WASHINGTON (Reuters) – The U.S. House voted on Tuesday to advance legislation that would require most companies to disclose who actually owns them, as well as handing banks a long-sought update...
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Exclusive: U.S. states plan Google antitrust meeting next month in Colorado – sources

Reuters
FILE PHOTO: A Google sign is seen during the WAIC (World Artificial Intelligence Conference) in Shanghai, China, September 17, 2018. REUTERS/Aly Song WASHINGTON (Reuters) – U.S. state attorneys general probing Alphabet’s (GOOGL.O) Google plan to meet next month in Colorado to discuss a probe into whether the search giant’s business...
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China will keep door open to foreign investment, global industry despite trade tensions

Reuters
BEIJING (Reuters) – China will take steps to safeguard its interests, but won’t close its door to foreign investment and the global industry despite trade frictions with the United States, a Chinese official said on Tuesday. FILE PHOTO: Chinese staffers adjust U.S. and Chinese flags at the Diaoyutai State Guesthouse...
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Chinese vice foreign minister says progress made in trade talks with U.S

Reuters
BEIJING (Reuters) – China and the United States have achieved some progress in their trade talks, Vice Foreign Minister Le Yucheng said on Tuesday, and any problem could be resolved as long as both sides respected each other. China’s Vice Foreign Minister Le Yucheng speaks at the Xiangshan Forum in...
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Trump says trade deal with China is coming along great

Reuters
FILE PHOTO: U.S. President Donald Trump holds a campaign rally in Dallas, Texas, U.S., October 17, 2019. REUTERS/Jonathan Ernst WASHINGTON (Reuters) – President Donald Trump continued to speak optimistically about the possibility of a deal to end the U.S. trade war with China, telling reporters at the White House on...
Reuters - Business

Colorado abandons legal effort to stop Sprint, T-Mobile merger

Reuters
FILE PHOTO: A smartphones with Sprint logo are seen in front of a screen projection of T-mobile logo, in this picture illustration taken April 30, 2018. REUTERS/Dado Ruvic/Illustration WASHINGTON (Reuters) – Colorado became on Monday the second state to drop out of an effort by state attorneys general to stop...
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Turkey says nothing will come of Halkbank case if law in U.S. works

Reuters
People walk past by a branch of Halkbank in central Istanbul, Turkey, October 16, 2019. REUTERS/Huseyin Aldemir ANKARA (Reuters) – Nothing will come of a case against Turkey’s state-owned lender Halkbank “if the law in the United States works”, Turkish Foreign Minister Mevlut Cavusoglu said on Sunday, adding that the...
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Fallout from Trump’s trade wars felt by economies around the world

Reuters
WASHINGTON (Reuters) – The collateral damage of the United States’ trade wars is being felt from the fjords of Iceland to the auto factories of Japan. FILE PHOTO: Newly manufactured cars of the automobile maker Honda await export at port in Yokohama, south of Tokyo June 23, 2015. REUTERS/Toru Hanai/File...
Reuters - Business

U.S. oil major Chevron says hopeful about maintaining Venezuela presence

Reuters
(Reuters) – U.S. oil major Chevron Corp (CVX.N) said late on Friday it is optimistic about maintaining a presence in Venezuela even amid U.S. sanctions on the country and state oil company PDVSA as part of Washington’s effort to oust President Nicolas Maduro. The logo of Chevron is seen at...
Reuters - Business

China says will work with the U.S. to address each other’s core concerns

Reuters
NANCHANG, China (Reuters) – Chinese Vice Premier Liu He said on Saturday that China will work with the United States to address each other’s core concerns on the basis of equality and mutual respect, and that stopping the trade war would be good for both sides and the world. FILE...
Reuters - Business

Trump hopes U.S.-China trade deal will be signed by middle of November

Reuters
FILE PHOTO: U.S. President Donald Trump listens during a joint news conference with Italy’s President Sergio Mattarella in the East Room of the White House in Washington, U.S., October 16, 2019. REUTERS/Jonathan Ernst WASHINGTON (Reuters) – U.S. President Donald Trump on Friday said he thinks a trade deal between the...
Reuters - Business

U.S. considers extension of Chevron’s Venezuela waiver with more limitations: Bloomberg

Reuters
The logo of Chevron is seen at the company’s office in Caracas, Venezuela April 25, 2018. REUTERS/Marco Bello (Reuters) – The United States is considering extending Chevron Corp’s (CVX.N) waiver to operate in Venezuela with more limitations by granting the company a 90-day sanctions reprieve, Bloomberg reported late on Friday,...
Reuters - Business

Exclusive: Electric Hummer could be part of GM’s move into EV trucks, SUVs – sources

Reuters
WASHINGTON/DETROIT (Reuters) – General Motors Co (GM.N) plans to build a new family of premium electric pickup trucks and sport-utility vehicles at its Detroit-Hamtramck plant beginning in late 2021, possibly reviving the imposing Hummer brand on some of them, several people familiar with the plans said. FILE PHOTO: General Motors...
Reuters - Business

Mnuchin backs proposal to double IMF’s crisis fund

Reuters
U.S. Treasury Secretary Steve Mnuchin speaks about sanctions against Turkey at a news briefing at the White House in Washington, U.S., October 11, 2019. REUTERS/Yuri Gripas WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin on Friday said he welcomes a proposal to double the size of the International Monetary Fund’s...
Reuters - Business

Exclusive: Huawei in early talks with U.S. firms to license 5G platform – Huawei executive

Reuters
WASHINGTON (Reuters) – Blacklisted Chinese telecoms equipment giant Huawei is in early-stage talks with some U.S. telecoms companies about licensing its 5G network technology to them, a Huawei executive told Reuters on Friday. FILE PHOTO: A Huawei company logo is pictured at the Shenzhen International Airport in Shenzhen, Guangdong province,...
Reuters - Business

Senior U.S. lawmaker says Boeing must shake-up management after 737 MAX crashes

Reuters
WASHINGTON (Reuters) – The chairman of the U.S. House Transportation and Infrastructure Committee on Friday said Boeing Co must shake-up its management team and Congress must reform how new airplanes are certified following the disclosure of internal messages about the 737 MAX involved in two deadly crashes. FILE PHOTO: The...
Reuters - Business

China’s GDP growth grinds to near 30-year low as tariffs hit production

Reuters
BEIJING (Reuters) – China’s third-quarter economic growth slowed more than expected and to its weakest pace in almost three decades as the bruising U.S. trade war hit factory production, boosting the case for Beijing to roll out fresh support. Workers look at cranes lifting containers onto cargo vessels at a...
Reuters - Business

China third-quarter GDP grows 6%, slowest pace in almost three decades

Reuters
BEIJING (Reuters) – China’s economic growth slowed more than expected to 6.0% year-on-year in the third quarter, the weakest pace in almost three decades, hit by soft factory production amid a bruising Sino-U.S. trade war and lackluster demand at home. Workers look at cranes lifting containers onto cargo vessels at...
Reuters - Business

Timeline: UAW wrings higher pay from GM in deal to end strike, agrees to plant closings

Reuters
(Reuters) – The United Auto Workers union wrung higher pay and other benefits from General Motors Co as part of a tentative deal to end a month-long U.S. strike by about 48,000 workers, the union disclosed on Thursday. Striking United Auto Workers (UAW) members rally in front of General Motors...
Reuters - Business

UAW will keep GM strike going while members vote on new contract

Reuters
DETROIT/WASHINGTON (Reuters) – The United Auto Workers union said on Thursday workers at General Motors Co will stay off the job while they vote on a proposed contract that delivers higher pay for full-time workers and better terms for temporary workers, but allows the automaker to close three U.S. plants....

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