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Updated: 36 min 42 sec ago

Harley-Davidson to move some production out of U.S. to avoid EU tariffs

50 min 15 sec ago
(Reuters) - Harley-Davidson Inc said on Monday it would move production of motorcycles shipped to the European Union from the United States to its international facilities and forecast the trading bloc's retaliatory tariffs would cost the company $90 million to $100 million a year.
Categories: Business News

U.S. Supreme Court backs American Express in merchant fee dispute

1 hour 9 min ago
WASHINGTON (Reuters) - The U.S. Supreme Court on Monday sided with American Express Co, ruling that the company's policy of forbidding merchants from encouraging customers to use rival credit cards with lower fees does not violate federal antitrust law.
Categories: Business News

U.S. top court rejects Nomura and RBS appeal in mortgage-backed securities case

1 hour 11 min ago
WASHINGTON (Reuters) - The U.S. Supreme Court declined on Monday to hear an appeal brought by Nomura Holdings Inc and the Royal Bank of Scotland Group PLC seeking to overturn an order requiring them to pay $839 million for making false statements while selling mortgage-backed securities to Fannie Mae and Freddie Mac.
Categories: Business News

Rebound in South powers U.S. new home sales in May

1 hour 15 min ago
WASHINGTON (Reuters) - Sales of new U.S. single-family homes increased more than expected in May as sales in the South surged to their highest level in nearly 11 years.
Categories: Business News

Advent to acquire GE's distributed power business for $3.25 billion

1 hour 29 min ago
FRANKFURT (Reuters) - U.S. buyout group Advent has agreed to buy General Electric's (GE) distributed power operations for $3.25 billion, the companies said on Monday.
Categories: Business News

Trade worries weigh on Wall Street, tech stocks suffer

1 hour 44 min ago
(Reuters) - Wall Street's main indexes dropped on Monday as a move to check Chinese investments in U.S. technology firms further raised tensions between the United States and its trading partners.
Categories: Business News

We've changed, Uber says, in court battle to keep London license

2 hours 2 min ago
LONDON (Reuters) - Uber [UBER.UL] accepted it had made mistakes but said it had changed as it went to court on Monday to overturn a decision stripping it of its license in London after it was ruled unfit to run a taxi service in its most important European market.
Categories: Business News

U.S. rate-rigging payouts top $500 million as final banks settle

2 hours 5 min ago
NEW YORK (Reuters) - Investors have reached $96 million in settlements with the final five defendants in private U.S. litigation accusing banks of rigging a key interest rate benchmark in the global derivatives market, boosting the total payout to more than $500 million.
Categories: Business News

Futures drop as trade tensions escalate

4 hours 2 min ago
(Reuters) - U.S. stock index futures fell on Monday as growing trade tensions between the United States and China kept investors on edge, with the latest threat involving a check on Chinese investments in U.S. technology firms.
Categories: Business News

China tells France an Airbus deal is still alive

4 hours 11 min ago
BEIJING (Reuters) - Chinese Premier Li Keqiang said on Monday Beijing was willing to continue talks over the purchase of Airbus jets after French President Emmanuel Macron failed to clinch a deal earlier this year.
Categories: Business News

Harley-Davidson will not raise prices to cover tariff costs

4 hours 13 min ago
(Reuters) - Harley-Davidson Inc said on Monday it would not raise retail or wholesale prices for its dealers to cover the costs of the retaliatory tariffs by the European Union on U.S. products.
Categories: Business News

Oil drops after OPEC+ output deal, but markets to stay tight

4 hours 16 min ago
LONDON (Reuters) - Brent crude oil fell by more than 1 percent on Monday as investors prepared for an extra 1 million barrels per day (bpd) in output to hit the markets after OPEC and its partners agreed to raise production.
Categories: Business News

Swiss private bank UBP hires top banker to attract more U.S. clients

4 hours 34 min ago
ZURICH (Reuters) - Swiss private bank Union Bancaire Privee (UBP) aims to rebuild its business with U.S. clients following a big tax settlement two years ago, hiring a top banker to oversee a unit that specializes in managing investments for U.S. residents and citizens.
Categories: Business News

Global energy players converge on Washington as China trade war lurks

4 hours 47 min ago
(Reuters) - The world’s biggest oil and gas players are gathering for a summit in Washington D.C. this week that will be overshadowed by the specter of shifting trade patterns due to a trade dispute between the United States and China.
Categories: Business News

Exclusive: Facing U.S. blowback, Beijing softens 'Made in China 2025' message

5 hours 3 min ago
BEIJING (Reuters) - Beijing has begun downplaying Made in China 2025, the state-backed industrial policy that has provoked alarm in the West and is core to Washington's complaints about the country's technological ambitions, diplomatic and Chinese state media sources said.
Categories: Business News

South Korea picks Boeing P-8 for $1.7 billion maritime patrol aircraft contract

5 hours 38 min ago
SEOUL (Reuters) - South Korea's military has picked Boeing Co to supply the country's maritime patrol aircraft in a contract worth around 1.9 trillion won ($1.71 billion), a senior company executive said on Monday.
Categories: Business News

Trade worries hit world stocks, oil gives back gains

7 hours 16 min ago
LONDON (Reuters) - World shares fell on Monday, dented by worries over a worsening trade dispute between the United States and other major economies, while oil prices gave up some of the gains made after major exporters agreed a modest production increase.
Categories: Business News

Oil prices drop on OPEC's output deal, but markets to stay tight

8 hours 57 min ago
SINGAPORE (Reuters) - Oil prices fell on Monday as traders factored in an expected 1 million barrels per day (bpd) output increase in the wake of an Organization of the Petroleum Exporting Countries (OPEC) meeting in Vienna last week.
Categories: Business News

KLM, Delta opposed to Capron as head of Air France KLM: media

9 hours 21 min ago
PARIS (Reuters) - KLM and Delta Airlines have expressed their opposition toward possible plans to name Philippe Capron as the new head of Air France KLM , BFM Business reported on Monday.
Categories: Business News

Toshiba says SEC completes accounting probe, no penalty

10 hours 40 min ago
TOKYO (Reuters) - Japan's Toshiba Corp on Monday said the U.S. Securities and Exchange Commission (SEC) had completed an investigation of its past accounting practices without fining the company.
Categories: Business News