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Wall St. slips on trade concerns, muted rate cut hopes

U.S. stocks dropped on Tuesday as investors fretted over a hit to company earnings from the protracted U.S.-China trade dispute and reined in expectations of a big interest rate cut by the Federal Reserve later this month.


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Posted 2019/07/09 14:09:21

Doubts over Deutsche Bank turnaround plan dent shaky shares

Deutsche Bank shares extended losses on Tuesday on investor doubts that its chief executive can revive the lender by shrinking the investment bank and returning to its roots as banker to corporate Germany.


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Posted 2019/07/09 13:56:13

Deutsche Bank in partnership talks with SoftBank-backed OakNorth: source

Deutsche Bank is in talks with SoftBank-backed British fintech firm OakNorth to use the latter's credit analysis and monitoring platform, a source with knowledge of the discussions told Reuters.


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Posted 2019/07/09 13:56:13

Inspections ordered on some Airbus A380s after wing cracks found

European regulators have ordered inspections on some older Airbus A380 superjumbo airplanes after some cracks were detected in wings on the world's largest passenger aircraft.


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Posted 2019/07/09 13:48:40

Factbox: Trump attacks British ambassador - is U.S.-UK relationship still special?

President Donald Trump said his government would no longer deal with the British ambassador to the United States after the envoy described the Trump administration as "clumsy" and "inept" in confidential correspondence.


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Posted 2019/07/09 13:37:01

IBM closes $34 billion deal to buy Red Hat

International Business Machines Corp said on Tuesday it has closed its $34 billion acquisition of software company Red Hat Inc as it looks to ramp up its cloud computing business.


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Posted 2019/07/09 12:55:46

Global stocks drop for third day, BASF warning stings Europe

World stocks fell for a third straight day on Tuesday after a stinging warning from German chemicals giant BASF about the effects of the global trade war and as hopes dwindled of a hefty U.S. interest rate cut this month.


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Posted 2019/07/09 12:37:20

Deutsche Bank careers end in an envelope, a hug and a cab ride

Summoned by HR to be handed a Deutsche Bank envelope, many of its staff across the world then left their desks for the last time on Monday, shown the door by their German employer within hours of a restructuring announcement.


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Posted 2019/07/08 23:20:28

U.S. judge strikes Trump administration rule requiring drug prices in TV ads

A federal judge on Monday dealt a blow to the Trump administration by striking down a new rule that would have forced pharmaceutical companies to include the wholesale prices of their drugs in television advertising.


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Posted 2019/07/08 23:05:50

Trump touts environment record, green groups scoff

U.S. President Donald Trump boasted about his administration's environmental record on Monday, saying America can lead the world in fighting pollution at the same time it is promoting fossil fuels, in a speech green groups derided as "utter fantasy."


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Posted 2019/07/08 23:01:01

Financier Epstein pleads not guilty to U.S. sex trafficking charges involving girls

American financier Jeffrey Epstein pleaded not guilty on Monday to charges of sex trafficking as prosecutors accused him of luring dozens of girls as young as 14 to his luxury homes in New York and Florida and paying them for sex acts.


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Posted 2019/07/08 22:02:11

Iran makes new nuclear threats that would reverse steps in pact

Iran threatened on Monday to restart deactivated centrifuges and ramp up enrichment of uranium to 20% purity in a move away from the 2015 nuclear deal, but the head of Iran's Revolutionary Guards insisted the world knows Tehran is not pursuing nuclear arms.


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Posted 2019/07/08 21:49:16

Wall St. drops as Apple falls, Fed eyed

U.S. stocks fell on Monday as Apple shares dropped following a broker downgrade and investors continued to weigh chances of an aggressive interest rate cut by the Federal Reserve later this month.


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Posted 2019/07/08 21:43:48

Exclusive: Airbus, Boeing indicate they may pull out of Canada fighter jet race - sources

Airbus SE and Boeing Co may pull out of a bidding process to supply Canada with new fighter jets because they say the contest is unfairly tilted toward Lockheed Martin Corp, two sources with direct knowledge of the situation said on Monday.


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Posted 2019/07/08 20:48:32

Global stocks slide on dimming prospects for sharp U.S. rate cut

Stocks around the world fell on Monday after strong U.S. job gains tempered expectations the Federal Reserve will deliver a large interest rate cut at the end of July.


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Posted 2019/07/08 20:29:36

Trump attacks British ambassador, takes swipe at UK PM May

U.S. President Donald Trump said on Monday he "will no longer deal" with the British ambassador to the United States, after a weekend news report that the UK diplomat had described Trump’s administration as dysfunctional, clumsy and inept.


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Posted 2019/07/08 19:08:06

U.S. to keep raising pressure until Iran abandons nuclear arms program: Bolton

The United States will keep increasing pressure on Iran until it abandons its pursuit of nuclear weapons and ceases its violent activities in the Middle East, John Bolton, the White House national security adviser, said on Monday.


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Posted 2019/07/08 19:01:43

The world knows Iran is not pursuing nuclear weapon: Guards chief

The world knows that Iran is not pursuing a nuclear weapon, the head of the elite Revolutionary Guards, Major General Hossein Salami, said on Monday, according to the Tasnim news agency.


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Posted 2019/07/08 17:43:15

In losing legal battles over census, Trump may win political war

The Trump administration has few realistic options to get a citizenship question onto next year's census, but by keeping the issue in the public eye it could still trigger an undercount of residents in Democratic-leaning areas, legal and political experts told Reuters.


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Posted 2019/07/08 17:38:48

Conservative leader Mitsotakis becomes Greek PM, picks cabinet

Conservative politician Kyriakos Mitsotakis took office as Greece's new prime minister and named his cabinet on Monday, after storming to victory on a pledge to create jobs and lure investment to the economically stricken nation.


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Posted 2019/07/08 16:57:15