Stocks hit as China cancels U.S. farm visits, yields slip

Stocks hit as China cancels U.S. farm visits, yields slip
NEW YORK (Reuters) – An index of global stock markets gave up early gains after Chinese agriculture officials who were to visit U.S. farm states next week canceled their trip, dampening optimism on U.S.-China trade talks. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., September 18, 2019. REUTERS/Brendan McDermid Revived... Read More

EU court ruling on Starbucks, Fiat million euro tax orders on September 24

EU court ruling on Starbucks, Fiat million euro tax orders on September 24
BRUSSELS (Reuters) – Europe’s second-highest court will rule on Sept. 24 whether Starbucks Corp (SBUX.O) has to pay up to 30 million euros ($33 million) in Dutch back taxes and Fiat Chrysler Automobiles NV (FCHA.MI) a similar amount to Luxembourg. FILE PHOTO: European Competition Commissioner Margrethe Vestager addresses a news conference on an antitrust case in Brussels, Belgium July 18,... Read More

Wall Street drops as trade tensions spike

Wall Street drops as trade tensions spike
(Reuters) – The Wall Street’s main indexes dropped on Friday, after the Montana Farm Bureau said Chinese agriculture officials who were due to visit U.S. farm states next week canceled their trip, dampening optimism on U.S.-China trade talks. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., September 18, 2019. REUTERS/Brendan... Read More

Walmart to stop sales of electronic cigarettes in its U.S. stores: company memo

Walmart to stop sales of electronic cigarettes in its U.S. stores: company memo
FILE PHOTO: Walmart’s logo is seen outside one of the stores in Chicago, Illinois, U.S., November 20, 2018. REUTERS/Kamil Krzaczynski WASHINGTON (Reuters) – Walmart Inc (WMT.N) on Friday sent an internal memo to its staff saying the retailer will discontinue the sale of e-cigarettes and electronic nicotine delivery products at its U.S. stores. The retailer said growing federal, state and... Read More

Wall Street slumps after China delegates cancel U.S. farm visit

Wall Street slumps after China delegates cancel U.S. farm visit
FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., September 18, 2019. REUTERS/Brendan McDermid (Reuters) – Wall Street’s main indexes dropped sharply on Friday after Chinese agriculture officials who were due to visit U.S. farm states next week canceled their trip to Montana, dampening early optimism on U.S.-China trade talks. At... Read More

U.S. lifts tariffs on 400 Chinese products, Trump wants ‘complete’ trade deal

U.S. lifts tariffs on 400 Chinese products, Trump wants ‘complete’ trade deal
WASHINGTON (Reuters) – U.S. President Donald Trump said his administration was “making a lot of progress” with China on Friday, as deputy-level trade talks continued for a second day and Washington lifted tariffs on over 400 Chinese products. FILE PHOTO: Containers are seen at the Yangshan Deep Water Port in Shanghai, China August 6, 2019. REUTERS/Aly Song Trump, speaking to... Read More

Lancome maker L’Oreal hit by 320 million euros French tax charge

Lancome maker L’Oreal hit by 320 million euros French tax charge
FILE PHOTO: A cosmetic display of French cosmetics group L’Oreal is seen at a duty free shop at the Nice International Airport, in Nice, France, October 10, 2018. REUTERS/Eric Gaillard PARIS (Reuters) – Cosmetics maker L’Oreal (OREP.PA) said on Friday it had reached a settlement with French tax authorities regarding three of its subsidiaries, including one linked to its luxury... Read More

Fedspeak in three voices, from recession to bubbles to ‘in a good place’

Fedspeak in three voices, from recession to bubbles to ‘in a good place’
WASHINGTON (Reuters) – After delivering a split-decision rate cut earlier this week, U.S. Federal Reserve officials put their divisions over the state of the economy and what should be done about it on full display Friday with warnings of a slowdown and financial risks bookending talk of how well things are going. FILE PHOTO: James Bullard, President of the St.... Read More

Facebook’s Zuckerberg pledges cooperation with antitrust probe: Cicilline

Facebook’s Zuckerberg pledges cooperation with antitrust probe: Cicilline
FILE PHOTO: Facebook CEO Mark Zuckerberg testifies before a House Energy and Commerce Committee hearing regarding the company’s use and protection of user data on Capitol Hill in Washington, U.S., April 11, 2018. REUTERS/Leah Millis/File Photo WASHINGTON (Reuters) – Rep. David Cicilline, chair of the House Judiciary Committee’s antitrust panel, said on Friday that Facebook Chief Executive Mark Zuckerberg pledged... Read More