By Andrea Shalal and David Lawder WASHINGTON (Reuters) – U.S. officials called on Monday for “concrete action” from China to make good on its commitment to purchase $200 billion in additional U.S. goods and services in 2020 and 2021 under the “Phase 1” trade deal signed by former President Donald Trump. The officials said Washington…
WASHINGTON (Reuters) – The United States and Japan on Monday are set to announce a deal to grant Japanese steelmakers relief from Trump-era U.S. tariffs for a limited amount of steel imports, a source familiar with the plans said. The source, who spoke on condition of anonymity because the deal is not yet public, said…
WASHINGTON (Reuters) – The Federal Aviation Administration (FAA) said Monday it was issuing draft guidance seeking to protect aviation employees who perform government certification duties from interference by airplane manufacturers and others. Congress in December 2020 approved legislation boosting FAA oversight of aircraft manufacturers, requiring disclosure of critical safety information and providing new whistleblower protections…
By Bansari Mayur Kamdar (Reuters) – The S&P 500 and the Nasdaq rose on Monday after a week of choppy trading spurred on by mixed quarterly results from big technology companies, while Peloton jumped on media reports of interest from potential buyers including Amazon. Five of the 11 major S&P sectors advanced, with consumer discretionary…
By Marianna Parraga and Matt Spetalnick HOUSTON/WASHINGTON (Reuters) – The Biden administration is considering a Chevron Corp proposal to allow the U.S. oil major to accept and trade Venezuelan oil cargoes to recoup unpaid debt, four people close to the discussions said. Chevron representatives in recent months held at least one high-level meeting with U.S….
(Reuters) -Budget carriers Frontier Group Holdings and Spirit Airlines Inc on Monday unveiled plans to merge in a $2.9 billion deal that would create the fifth-largest U.S. airline and tighten competition against traditional carriers. The tie-up combines stablemates of legendary airline investor Bill Franke, a pioneer of rock-bottom fares coupled with top-up charges offered by…
By Bansari Mayur Kamdar (Reuters) -U.S. stock index futures edged higher on Monday after a week of volatile trading spurred on by mixed quarterly results from big technology companies, while Peloton jumped on media reports of interest from potential buyers including Amazon. The tech-heavy Nasdaq had a volatile start to February after Facebook owner Meta…
By Hannah Lang (Reuters) -A group of major cryptocurrency firms including Coinbase, Circle, Anchorage Digital and Huobi Global are forming a new coalition aimed at cracking down on market manipulation in an effort to instill trust in the burgeoning digital asset industry. The Crypto Market Integrity Coalition, which was convened by risk-monitoring software company Solidus…
GENEVA (AP) — A Swiss criminal court was opening a trial Monday on charges that Credit Suisse failed to do enough to stop money laundering linked to drug trafficking by a Bulgarian criminal organization, which employed a wrestler who once hauled millions in currency by car to Switzerland. The case against the bank in federal…
(Reuters) – Peloton Interactive Inc’s shares jumped 22% premarket on Monday after reports of takeover interest from Amazon.com Inc and Nike Inc in the exercise bike maker that recently lost a majority of its share gains made during the pandemic. Amazon is exploring an offer for Peloton, a source told Reuters on Friday. The Financial…
