June 29, 2018

Treasury chief Mnuchin slams report that Trump wants to exit WTO

WASHINGTON (Reuters) – U.S. Treasury Secretary Steve Mnuchin said on Friday a report by the Axios news website, that cited sources as saying President Donald Trump […]
June 29, 2018

U.S. core PCE price index hits 2 percent; spending slows

WASHINGTON (Reuters) – U.S. consumer prices accelerated in the year to May, with a measure of underlying inflation hitting the Federal Reserve’s 2 percent target for […]
June 29, 2018

China’s ZTE shakes up board in bid for U.S. ban lift

SHENZHEN, China/HONG KONG (Reuters) – Chinese telecoms giant ZTE Corp announced a new board on Friday in a radical management shakeup as part of a $1.4 […]
June 29, 2018

Trump says SoftBank Son’s U.S. investment hitting $72 billion

MT. PLEASANT, Wis. – U.S. President Donald Trump said on Thursday SoftBank Group Corp Chief Executive Masayoshi Son is increasing his investment in the United States […]
June 29, 2018

China’s penetration of Silicon Valley creates risks for startups

SAN FRANCISCO (Reuters) – Danhua Capital has invested in some of Silicon Valley’s most promising startups in areas like drones, artificial intelligence and cyber security. The […]
June 29, 2018

Asian shares stay near nine-month lows as trade frictions weigh

SHANGHAI (Reuters) – Asian shares remained near nine-month lows on Friday despite small gains on Wall Street overnight, as ongoing concerns over global trade frictions dampened […]
June 29, 2018

Tesla lagging on Model 3 production, workers say

SAN FRANCISCO (Reuters) – Tesla Inc is not producing enough Model 3s per shift to reach the 5,000 per week target that Chief Executive Officer Elon […]
June 29, 2018

Trump lauds Taiwan’s Foxconn, threatens Harley on Wisconsin trip

MT. PLEASANT, Wis. (Reuters) – U.S. President Donald Trump praised Taiwanese high-tech company Foxconn and vaguely threatened U.S. motorcycle maker Harley-Davidson on a campaign-style trip on […]
June 28, 2018

Wall Street advances with help from technology, financials

NEW YORK (Reuters) – U.S. stocks rose on Thursday as technology and other growth sectors rebounded from the prior day’s declines and financial shares snapped a […]
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