U.S. firms say China tariffs will raise costs, with few sourcing alternatives

U.S. firms say China tariffs will raise costs, with few sourcing alternatives
WASHINGTON (Reuters) – A broad range of U.S. companies told a hearing in Washington on Monday that they have few alternatives other than China for producing clothing, electronics, and other consumer goods as the Trump administration prepares 25% tariffs on remaining U.S.-China trade. FILE PHOTO: A “Made in USA” label is pictured on the back of a tie Medford, Massachusetts... Read More

After Woodford fund suspension, focus turns to its stewards

After Woodford fund suspension, focus turns to its stewards
LONDON (Reuters) – The suspension of Neil Woodford’s flagship fund has put the focus on a little known firm tasked with ensuring his investors were being looked after properly. FILE PHOTO: Neil Woodford, founder and fund manager at Woodford Investment Management, is seen in this undated handout picture released on June 10, 2019. Jonathan Atkins/Handout via REUTERS/File Photo While Woodford,... Read More

U.S. businesses beg to be left off Trump’s tariff list

U.S. businesses beg to be left off Trump’s tariff list
(Reuters) – Hundreds of U.S. businesses from local bridal shops to multi-billion dollar retailers have submitted comments to the U.S. Trade Representative’s Office opposing President Donald Trump’s plan to slap tariffs on another $300 billion of Chinese imports. FILE PHOTO: A “Made in USA” label is pictured on the back of a tie Medford, Massachusetts January 29, 2014. REUTERS/Brian Snyder/File... Read More

Stocks, dollar hold gains with all eyes on Fed meeting

Stocks, dollar hold gains with all eyes on Fed meeting
LONDON (Reuters) – European shares tip-toed higher alongside government bond yields on Monday, as investors braced for what is shaping up to be a crucial week for global monetary policy. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 14, 2019. REUTERS/Staff With the U.S. Federal Reserve likely to signal on Wednesday... Read More

Asian shares wobble amid trade, geopolitical tensions; focus on Fed meeting

Asian shares wobble amid trade, geopolitical tensions; focus on Fed meeting
TOKYO (Reuters) – Asian shares wobbled near one-week lows on Monday as investors turned cautious ahead of a closely-watched Federal Reserve meeting, while political tensions in the Middle East and Hong Kong kept risk appetite in check. FILE PHOTO: A man looks at an electronic board showing the Nikkei stock index outside a brokerage in Tokyo, Japan, January 7, 2019.... Read More

Fed likely to resist pressure to cut U.S. rates this week

Fed likely to resist pressure to cut U.S. rates this week
SAN FRANCISCO/WASHINGTON (Reuters) – The U.S. Federal Reserve, facing fresh demands by President Donald Trump to cut interest rates, is expected to leave borrowing costs unchanged at a policy meeting this week but possibly lay the groundwork for a rate cut later this year. FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS/Chris... Read More

Asian shares edge up, trade, geopolitical tensions cap gains; focus on Fed meeting

Asian shares edge up, trade, geopolitical tensions cap gains; focus on Fed meeting
TOKYO (Reuters) – Asian stocks inched higher on Monday, with a rebound in the Hong Kong market helping the mood, as investors remained cautious ahead of a closely-watched Federal Reserve meeting. FILE PHOTO: A man looks at an electronic board showing the Nikkei stock index outside a brokerage in Tokyo, Japan, January 7, 2019. REUTERS/Kim Kyung-Hoon But the simmering trade... Read More

Target says payments vendor faces glitch; registers back online

Target says payments vendor faces glitch; registers back online
FILE PHOTO: Employees work at a Target store at St. Albert, Alberta, January 15, 2015. REUTERS/Dan Riedlhuber/Files (Reuters) – Target Corp on Sunday said it was unable to process select card payments at some stores for nearly 90 minutes due to a vendor-related issue – the second consecutive outage faced by the retailer in a week. Target said its payments... Read More

Asian shares wobble on trade, political tensions; focus turns to Fed meet

Asian shares wobble on trade, political tensions; focus turns to Fed meet
TOKYO (Reuters) – Asian shares got off to a shaky start on Monday as investors were cautious ahead of a closely-watched Federal Reserve meeting, while political tensions in the Middle East and Hong Kong kept risk-appetite in check. FILE PHOTO: A man looks at an electronic board showing the Nikkei stock index outside a brokerage in Tokyo, Japan, January 7,... Read More

Target says registers back online, blames outage on technology issue

Target says registers back online, blames outage on technology issue
(Reuters) – Target Corp on Saturday said its payment registers were back online after a systems outage stopped customers in the United States from paying for in-store purchases. The outage was caused by an “internal technology issue” that lasted for about two hours and was not a data breach or security-related issue, Target said in a statement here The retailer... Read More