By Rajesh Kumar Singh CHICAGO (Reuters) -GE Aerospace CEO Larry Culp said on Tuesday he advocated re-establishing a tariff-free regime for the aerospace industry under the 1979 Civil Aircraft Agreement when he met with U.S. President Donald Trump. In an interview with Reuters, Culp said the company’s position was “understood” by the administration, adding that…
COPENHAGEN (Reuters) – Denmark will spend about 4 billion crowns ($614 million) on building and procuring 26 navy vessels for patrolling, oil spill response and surveillance of undersea cables, Defence Minister Troels Lund Poulsen said on Tuesday. Countries bordering the Baltic Sea are on high alert after a number of outages of power cables, telecom…
By Ashitha Shivaprasad and Anjana Anil (Reuters) -Gold’s remarkable run higher is reaching new heights, with the market touching $3,500 per ounce as confidence in the U.S. economy further erodes after President Donald Trump’s renewed attack on the Federal Reserve chair. Spot gold was trading around $3,428 per ounce by 1417 GMT, after hitting a record $3,500.05…
(Reuters) -India’s competition regulator said on Monday it has approved the settlement proposal of Alphabet’s Google in the Android TV case, under which it had charged the company over anticompetitive practices. The Competition Commission of India had said the U.S. tech giant abused its Android operating system’s position in the smart television market in the…
By Sheila Dang HOUSTON (Reuters) -Chevron has started oil and gas production from a project in the U.S. Gulf of Mexico, the oil major said on Monday, bringing the company a step closer toward its goal of growing production from the ocean basin by 50% this year. The $1.6 billion project called Ballymore, located about…
By Carolina Mandl NEW YORK (Reuters) -Global hedge funds last week dumped the so-called Magnificent Seven megacap stocks, bringing their exposure to the group to a two-year low just ahead of their earnings, according to a Morgan Stanley note to clients seen by Reuters. The bank said the Magnificent Seven stocks accounted for more than…
(Reuters) -Wall Street’s main indexes each slid to more than one-week lows on Monday after U.S. President Donald Trump doubled down on attacks against Federal Reserve Chair Jerome Powell, amplifying concerns about the central bank’s autonomy and rattling markets. Trump repeated his criticism of Powell, saying in a Truth Social post that the economy could…
(Reuters) -Chicago Federal Reserve President Austan Goolsbee said on Sunday that he hopes the United States is not moving to an environment where the ability of the central bank to set monetary policy independent of political pressure is questioned. Goolsbee, responding to a question on CBS’ “Fact the Nation” about President Donald Trump’s outbursts last…
By Fanny Potkin and Liam Mo SINGAPORE (Reuters) -Nvidia did not warn at least some major customers in advance about new U.S. export rules it was told about a week ago requiring it to obtain licenses to sell its China-focused artificial intelligence chip, according to two sources familiar with the matter. The U.S. chipmaker disclosed…
By Lewis Jackson (Reuters) -China’s ambassador to the United States, Xie Feng, has urged Washington to seek common ground with Beijing and pursue peaceful coexistence while warning that China stood ready to retaliate in the escalating trade war. Speaking at a public event in Washington on Saturday, details of which were posted on the Chinese…
