Business

Wall Street rises on upbeat trade news

NEW YORK (Reuters) – U.S. stocks closed higher on Friday, with the S&P 500 and the Dow Jones Industrial Average extending gains and the Nasdaq turning positive on reports of progress in tariff disputes between the United States and its trading partners China and Mexico. Chinese and U.S. negotiators are planning talks to resolve their trade row ahead of meetings ...

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Venezuelans rush to shop, fill tanks before monetary overhaul

CARACAS/MARACAIBO (Reuters) – Jittery Venezuelans on Friday rushed to shops and lined up at gas stations on concerns that a monetary overhaul to lop off five zeros from prices in response to hyperinflation could wreak financial havoc and make basic commerce impossible. People line up to withdraw cash from an automated teller machine (ATM) outside a Banco Mercantil branch in ...

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Turkey’s lira falls 3 percent, Trump won’t take pastor’s detention ‘sitting down’

ISTANBUL (Reuters) – Turkey’s battered lira weakened 3 percent on Friday after a Turkish court rejected an American pastor’s appeal for release, drawing a stiff rebuke from President Donald Trump, who said the United States would not take the detention “sitting down”. The case of Andrew Brunson, an evangelical Christian missionary from North Carolina who has lived in Turkey for ...

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Thyssenkrupp’s interim chairman says structure is not sacrosanct: Focus

FRANKFURT (Reuters) – Thyssenkrupp’s (TKAG.DE) workers are prepared to do their part in the ongoing restructuring of the embattled conglomerate, its interim chairman and trade union secretary Markus Grolms told a German magazine. FILE PHOTO: Thyssenkrupp’s logo is seen close to an elevator test tower in Rottweil, Germany, September 25, 2017. REUTERS/Michaela Rehle/File Photo Thyssenkrupp’s conglomerate structure has been heavily ...

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S&P lowers Turkey’s credit rating deeper into junk territory

ISTANBUL (Reuters) – Standard & Poor’s said on Friday it had cut Turkey’s sovereign credit rating deeper into “junk” territory, citing extreme lira volatility and forecasting a recession next year, adding to the country’s woes as it deals with a currency crisis. Turkish lira banknotes are seen in this picture illustration in Istanbul, Turkey August 14, 2018. REUTERS/Murad Sezer/Illustration The ...

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Exclusive: U.S. government seeks Facebook help to wiretap Messenger – sources

SAN FRANCISCO (Reuters) – The U.S. government is trying to force Facebook Inc to break the encryption in its popular Messenger app so law enforcement may listen to a suspect’s voice conversations in a criminal probe, three people briefed on the case said, resurrecting the issue of whether companies can be compelled to alter their products to enable surveillance. FILE ...

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Musk’s tunnel-boring firm seeks U.S. tariff exemption for Chinese parts

WASHINGTON (Reuters) – A company owned by Elon Musk that is trying to lower the cost of building high-speed transit tunnels has asked the Trump administration to exempt it from tariffs for some Chinese-made tunnel boring machine components, warning the tariffs could significantly delay a planned tunnel between New York and Washington. FILE PHOTO: Elon Musk arrives to speak at ...

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