Tuesday, May 8th, 2018

 

Oil slips ahead of Trump’s decision on Iran

LONDON, May 8 — Oil prices receded slightly today from their highest level since 2014 as investors held their breath for a decision from US President Donald Trump on Iran’s nuclear deal. Analysts said they expected Trump not to walk away from…


Rosneft takes Irish detour around sanctions with Moscow bank

MOSCOW, May 8 — A Russian oil company effectively barred from international capital markets by western sanctions has found an ingenious workaround. It involves a Moscow bank taking a detour to Dublin. In February, Credit Bank of Moscow PJSC used…


Icahn, Deason want bid of at least US$40 per share for Xerox

TOKYO, May 8 — Carl Icahn and Darwin Deason, shareholders in Xerox Corp who oppose an agreed deal with Fujifilm Holdings, said they would consider an all-cash bid of at least US$40 per share — a 43 per cent premium to the Japanese firm’s…


US job openings at record, almost matching unemployed workers

WASHINGTON, May 8 — US job openings surged to a record in March, putting vacancies roughly on par with the number of unemployed workers, Labor Department data showed today. Highlights of job openings (March) Number of positions waiting to be…


US stocks retreat ahead of Trump Iran decision

NEW YORK, May 8 — Wall Street stocks fell in early trading today, pulling back after two upbeat sessions ahead of a major US announcement on Iran policy. About 15 minutes into trading, the Dow Jones Industrial Average shed 0.2 per cent to…


Emirates facing cabin crew shortages, say sources

DUBAI, May 8 — Emirates is facing a cabin crew shortage and is struggling to fully staff some flights following a spate of resignations and other workforce constraints, several employees told Reuters. The cabin crew staffing issue follows on from…


Walmart’s grocery delivery partnerships with Uber, Lyft fail to take off

NEW YORK, May 8 — Walmart Inc’s online grocery delivery partnerships with ride-hailing services Uber and Lyft have ended, according to two sources, a potential setback for the retailer’s ambitions to challenge Amazon.com Inc head-on with…


European steelmakers see recovery at risk from US tariffs

LONDON, May 8 — A revival in European steel is at risk from US President Donald Trump’s move to impose tariffs on imports, Eurofer said as it raised its 2018 forecast for apparent steel consumption. The consumption figure, which excludes the…


Trump to discuss trade with China’s Xi as talks continue

WASHINGTON, May 8 — US President Donald Trump said he will discuss trade with Chinese President Xi Jinping today, as both sides continue talks after failing to reach a consensus at talks in Beijing last week. Trump announced the planned telephone…


Tax cuts and cheaper beer in pre-election Australian budget

SYDNEY, May 8 — Australia’s conservative government pledged tax cuts for low and middle earners, cheaper beer, and billions of dollars for new roads and rail lines in a pre-election budget today. The measures are widely seen as the unofficial…