newszine

U.S. trade representative to testify on China next week

11 mins ago NAMEX Comments Off on U.S. trade representative to testify on China next week
FILE PHOTO: U.S. Trade Representative Robert Lighthizer, left, listens as Chinese Vice Premier Liu He talks while they line up for a group photo at the Diaoyutai State Guesthouse in Beijing, China February 15, 2019. Mark Schiefelbein/Pool via REUTERS/File Photo WASHINGTON (Reuters) – U.S. Trade Representative Robert Lighthizer will testify next week at a U.S. Read More

Southwest shares drop as mechanics labor dispute escalates

38 mins ago NAMEX Comments Off on Southwest shares drop as mechanics labor dispute escalates
(Reuters) – Southwest Airlines Co’s shares fell as much as 6 percent on Wednesday after the low-cost carrier said it was investigating whether a conflict with its mechanics union was leading to a spike in flight cancellations. The escalating labor dispute comes as the airline on Wednesday cut its first-quarter growth forecast for revenue per Read More

Renault's outlook cut to 'negative' by rating agency Standard & Poor's

38 mins ago NAMEX Comments Off on Renault's outlook cut to 'negative' by rating agency Standard & Poor's
FILE PHOTO – The logo of French car manufacturer Renault is seen at a dealership of the company in Illkirch-Graffenstaden near Strasbourg, France, January 10, 2019. REUTERS/Vincent Kessler/File Photo PARIS (Reuters) – Credit rating agency Standard & Poor’s cut its outlook on carmaker Renault to “negative” from “stable”, citing broader challenges within the automotive sector Read More

Buffett's Suncor bet to revive investor interest in Canadian energy

39 mins ago NAMEX Comments Off on Buffett's Suncor bet to revive investor interest in Canadian energy
TORONTO (Reuters) – Berkshire Hathaway Inc’s re-investment in Suncor Energy Inc highlights the benefits of being an integrated oil company and could revive investor interest in the languishing Canadian energy sector, fund managers said. FILE PHOTO: A Suncor refinery is seen in Sherwood Park, near Edmonton, Alberta, Canada, November 13, 2016. REUTERS/Chris Helgren/File Photo The Read More

UBS slams French verdict in tax evasion trial

4 hours ago NAMEX Comments Off on UBS slams French verdict in tax evasion trial
The UBS logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren ZURICH (Reuters) – UBS slammed a French court verdict on Wednesday ordering the Swiss bank to pay 4.5 billion euros ($5.10 billion) after finding it guilty of aiding tax evasion. “The conviction is not Read More

French court fines UBS 4.5 billion euros in tax fraud case

5 hours ago NAMEX Comments Off on French court fines UBS 4.5 billion euros in tax fraud case
PARIS (Reuters) – A French court on Wednesday found Swiss bank UBS AG guilty of illegally soliciting clients in France and laundering the proceeds of tax evasion, and ordered it to pay 4.5 billion euros ($5.1 billion) in penalties. FILE PHOTO: The logo of Swiss bank UBS is seen in Zurich, Switzerland October 25, 2018. Read More

Wall St. set to open slightly lower with focus on trade talks

5 hours ago NAMEX Comments Off on Wall St. set to open slightly lower with focus on trade talks
(Reuters) – U.S. stock index futures were slightly lower on Wednesday after a handful of downbeat earnings reports, while investors weighed the latest developments in trade talks between the United States and China. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 19, 2019. REUTERS/Brendan McDermid President Read More

Tesla's top lawyer leaves two months into the job

5 hours ago NAMEX Comments Off on Tesla's top lawyer leaves two months into the job
FILE PHOTO: A driver recharges the battery of his Tesla car at a Tesla Super Charging station in a petrol station on the highway in Sailly-Flibeaucourt, France, January 12, 2019. REUTERS/Pascal Rossignol/File Photo (Reuters) – Tesla Inc said on Wednesday its general counsel Dane Butswinkas is leaving the electric carmaker just two months into the Read More

EU medicines agency loses bid to end London lease over Brexit

8 hours ago NAMEX Comments Off on EU medicines agency loses bid to end London lease over Brexit
LONDON (Reuters) – The European Medicines Agency (EMA) has lost its bid to cancel a lease on its office in London’s Canary Wharf financial district due to Brexit, in a landmark ruling that lawyers said could stave off similar such claims by other tenants. The headquarters of the European Medicines Agency (EMA), is seen in Read More

Oil dips after forecast for record U.S. shale output

8 hours ago NAMEX Comments Off on Oil dips after forecast for record U.S. shale output
LONDON (Reuters) – Crude oil futures eased on Wednesday in light of the prospect of a continued boom in U.S. shale oil output, although with OPEC determined to restrict its own production to prevent a global surplus of unused fuel, the price held just shy of 2019 highs. FILE PHOTO: A pump jack is seen Read More