Day: December 2, 2019

U.S. vows 100% tariffs on French Champagne, cheese, handbags over digital tax

WallStreetReview
U.S. vows 100% tariffs on French Champagne, cheese, handbags over digital tax
FILE PHOTO: An employee serves a glass of Champagne during the traditional wine harvest at the Champagne house Deutz in Ay, France, September 22, 2016. REUTERS/Benoit Tessier/File Photo WASHINGTON (Reuters) – The U.S. government on Monday said it may slap punitive duties of up to 100% on $2.4 billion in imports of French Champagne, handbags, cheese and other products, after... Read More

Exclusive: Brazil’s Odebrecht in talks to stave off Braskem sale, keep payout – sources

WallStreetReview
Exclusive: Brazil’s Odebrecht in talks to stave off Braskem sale, keep payout – sources
SAO PAULO (Reuters) – Creditors of Brazil’s Odebrecht SA are in advanced talks to let the corruption-ensnared conglomerate keep its crown jewel asset, listed petrochemical company Braskem SA (BRKM5.SA), for another two years, retreating from their prior demand for a quick sale, two sources with knowledge of the matter said. FILE PHOTO: The corporate logo of the Odebrecht SA construction... Read More

UnitedHealth forecasts 2020 earnings, midpoint below estimates

WallStreetReview
UnitedHealth forecasts 2020 earnings, midpoint below estimates
FILE PHOTO: A UnitedHealth Group health insurance card is seen in a wallet in this picture illustration October 14, 2019. REUTERS/Lucy Nicholson/Illustration/File Photo (Reuters) – Health insurer UnitedHealth Group (UNH.N) on Monday issued its adjusted earnings forecast for 2020, the midpoint of which was below analysts’ estimates. The company said it expects 2020 earnings between $16.25 and $16.55 per share,... Read More

U.S. vows 100% tariffs on $2.4 billion of French products over digital services tax

WallStreetReview
U.S. vows 100% tariffs on $2.4 billion of French products over digital services tax
FILE PHOTO: A cyclist passes the U.S. and French flags flying over the Eisenhower Executive Office Building, which houses a majority of offices for White House staff, in Washington February 10, 2014. REUTERS/Kevin Lamarque WASHINGTON (Reuters) – The U.S. government on Monday said it could slap additional duties of up to 100% on $2.4 billion in French imports of Champagne,... Read More

Trump’s tariff ambush risks pushing Brazil closer to China

WallStreetReview
Trump’s tariff ambush risks pushing Brazil closer to China
BRASILIA (Reuters) – U.S. President Donald Trump’s surprise decision to slap metals tariffs on Brazil is a blow to President Jair Bolsonaro’s aim of forging closer ties with Washington and could push Latin America’s No. 1 economy closer to Trump’s top trade foe – China. Brazil’s President Jair Bolsonaro attends the event “Caixa Persons with disabilities” of Caixa Economica Federal... Read More

Wells Fargo names Scott Powell as COO

WallStreetReview
Wells Fargo names Scott Powell as COO
FILE PHOTO: A Wells Fargo ATM machine is shown in Los Angeles, California, U.S. October 19, 2018. REUTERS/Mike Blake (Reuters) – Wells Fargo & Co said on Monday Scott Powell will become chief operating officer, the second external recruit to join the top ranks since Chief Executive Charles Scharf took over six weeks ago. Powell, who worked with Scharf at... Read More