Trump vows to deal with ‘unfair trade’ ahead of tense G7 summit
LA MALBAIE, Quebec (Reuters) – U.S. President Donald Trump lashed out at Canada and the European Union on Friday, setting the tone for a hostile Group of Seven summit and…
UK’s House of Fraser to close 31 stores, 6,000 jobs at stake
LONDON (Reuters) – British department store group House of Fraser said on Thursday it has proposed closing 31 stores in a move likely to result in 6,000 job losses. FILE…
Emirates sees oil, dollar ‘double whammy’, but demand strong
SYDNEY (Reuters) – The president of Emirates airline said the rare combination of higher oil and a stronger dollar, which usually move in opposite directions, represented a “double whammy” in…
Walmart sells majority of Brazil unit, takes $4.5 billion charge
NEW YORK/SAO PAULO (Reuters) – Walmart Inc (WMT.N) said on Monday that it has sold an 80 percent stake in its Brazilian operations to private equity firm Advent International, exiting…
Walmart sells majority of Brazil unit, takes $4.5 billion charge
NEW YORK/SAO PAULO (Reuters) – Walmart Inc (WMT.N) said on Monday that it has sold an 80 percent stake in its Brazilian operations to private equity firm Advent International, exiting…
‘Fake news’ hits Brexit talks
Reports that Britain’s Prime Minister had “begged for help” with her Brexit negotiations at a recent private dinner in Brussels have sent the EU Commission … source
Global airlines slash profit outlook as fuel costs jump
SYDNEY (Reuters) – Global airlines on Monday slashed their forecast for industry profits in 2018 on a spike in fuel costs, while warning higher interest rates and a host of…
Zimbabwe officially applies to rejoin Commonwealth
President Emmerson Mnangagwa has officially applied for Zimbabwe to re-join the Commonwealth it left in 2003 and has invited the grouping of former British … source
Bayer launches $7 billion cash call to fund Monsanto deal
BERLIN (Reuters) – Bayer (BAYGn.DE) launched a 6 billion euros ($7 billion) rights issue on Sunday, a cornerstone of the financing package for its planned $62.5 billion takeover of seeds…
G7 finance chiefs kick trade dispute to leaders’ summit in Quebec
WHISTLER, British Columbia (Reuters) – Finance leaders of the closest U.S. allies vented anger over the Trump administration’s metal import tariffs on Saturday, ending a three-day meeting with a stern…