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Mexico wants U.S. to reroute funds to tackle migrant surge: sources

Mexico will propose the United States redirect security funding under the so-called "Merida Initiative" to boosting development of the Mexican southern border in talks aimed at resolving a dispute over migration, officials said on Wednesday.



4 years ago

Global stocks climb, short-dated Treasury yields dip on bets for U.S. rate cut

Major world stock markets rose and short-dated U.S. Treasury yields fell on Wednesday as investors bet that the U.S. Federal Reserve would cut interest rates and help boost a sluggish global economy.



4 years ago

U.S. cruise operators to stop sailing to Cuba; travelers vent anger online

Major U.S. cruise operators said on Wednesday they will no longer sail to Cuba following the Trump administration's ban on travel to the Caribbean island, angering travelers and leading to worries of trip cancellations.



4 years ago

Wall St. climbs as weak private jobs data boost rate cut hopes

Wall Street's major indexes rose on Wednesday as investors bet on a Federal Reserve interest rate cut after weak private sector jobs data and hopes grew that the United States and Mexico would reach an agreement to avoid U.S. tariffs on Mexican goods.



4 years ago

FCA, France reach tentative agreement on Renault merger: sources

Fiat Chrysler Automobiles NV has reached a tentative agreement with France on the terms of its proposed merger with Renault, two sources told Reuters, as the French carmaker's board met to consider the bid late on Wednesday.



4 years ago

Explainer: U.S.-China trade war - the levers they can pull

The escalating trade war between the United States and China has gone beyond tariffs as the countries increase pressure on each other to cede ground.



4 years ago

Boeing's 777X faces engine snags, questions rise over delivery goal: executive

Boeing Co's effort to build the world's largest twin-engined jet, the 777X, continues to be hampered by challenges with General Electric Co's new GE9X turbine engine, a top Boeing executive said on Wednesday.



4 years ago

Explainer: Should Big Tech fear U.S. antitrust enforcers?

The arcane topic of antitrust law is getting more attention with the U.S. government gearing up to investigate whether Alphabet Inc's Google, Facebook Inc, Apple Inc, and Amazon.com Inc compete fairly.



4 years ago

Exclusive: Wells Fargo board weighs keeping interim CEO in place - sources

Wells Fargo & Co board members are considering keeping interim Chief Executive Allen Parker in the job permanently even after saying they would seek an outsider to fill the role, according to two sources familiar with the board's thinking.



4 years ago

PG&E in talks with lawmakers on $11 billion fund: Bloomberg

Troubled power utility company PG&E Corp has spoken to lawmakers for arranging about $11 billion fund to settle claims related to wildfires, Bloomberg reported on Wednesday.



4 years ago

U.S. cruise operators stop sailing to Cuba, travelers vent anger online

Major U.S. cruise operators said on Wednesday they will no longer sail to Cuba following the Trump administration's ban on travel to the Caribbean island, angering travelers and prompting worries about trip cancellations and company earnings.



4 years ago

Fiat Chrysler sales chief files whistleblower suit over SEC probe

Fiat Chrysler Automobiles' U.S. sales chief Reid Bigland sued the Italian-American automaker claiming the company opted to withhold 90% of his 2018 compensation because he has cooperated with a probe by the U.S. Securities and Exchange Commission, court documents filed on Wednesday show.



4 years ago

Agriculture Secretary Sonny Perdue Perdue anxious that tariffs may interfere with ratification of USMCA: Bloomberg

U.S. Agriculture Secretary Sonny Perdue said on Wednesday he is hopeful that the United States and Mexico can reach an accord to avoid U.S. tariffs being applied on Mexican goods over immigration.



4 years ago

Boeing's 777X faces engine snags, questions rise over delivery goal

Boeing Co's effort to build the world's largest twin-engined jet, the 777X, continues to be hampered by challenges with General Electric Co's new GE9X turbine engine, a top Boeing executive said on Wednesday.



4 years ago

Warren criticizes Trump's 'dart throwing' Mexico tariff decision

Democratic presidential hopeful Elizabeth Warren on Wednesday criticized U.S. President Donald Trump's decision to impose tariffs on Mexico as "random dart throwing" that lacks a coherent strategy.



4 years ago