Monday, June 10th, 2019

 

Media group study finds Google makes billions from news

WASHINGTON, June 10 — Google took in some US$4.7 billion in revenue in 2018 from “crawling and scraping” news websites without paying publishers, according to a media industry-sponsored study released today. The study by the News Media…


Wall Street rallies after Trump calls off Mexico tariffs

JUNE 10 — Wall Street’s main indexes climbed today, as investors were relieved after the United States abandoned its plans to impose tariffs on Mexican goods. Mexico on Friday agreed to step up efforts to stem the flow of illegal Central…


Italy’s Salvini confident of budget accord with EU

MILAN, June 10 — Italian Deputy Prime Minister Matteo Salvini expressed confidence that Rome would be able to reach an accord with the European Union over public finances ahead of a key coalition meeting later today. Salvini was due to meet his…


Trump believes China will make trade deal, but tariffs ready, reports CNBC

WASHINGTON, June 10 — US President Donald Trump said today additional tariffs on Chinese goods were ready to kick in after the G20 summit this month if no trade deal is reached with China and criticised Federal Reserve policies as…


Trump says Federal Reserve is ‘very, very destructive’ to economy

WASHINGTON, June 10 — President Donald Trump said today the US central bank has been “very, very destructive” to the economy by raising interest rates too quickly. Trump has repeatedly criticised the Federal Reserve and called on the…


Hudson’s Bay shareholder group proposes C$1.74b go-private deal

JUNE 10 — A group of shareholders, including Hudson’s Bay Co’s Executive Chairman Richard Baker, today offered to take the Canadian retailer private in a C$1.74 billion cash deal. Hudson’s Bay, which owns Saks Fifth Avenue and Lord &…


Wall St opens higher on Mexico relief, M&A cheer

NEW YORK, June 10 — US stocks opened higher today after the United States abandoned plans to impose tariffs on Mexican goods, while a multi-billion dollar deal between United Technologies and Raytheon added to the cheer. The Dow Jones Industrial…


Trump ‘concerned’ by Raytheon-United Technologies merger

WASHINGTON, June 10 — US President Donald Trump today said he was “concerned” by the planned merger between US missile maker Raytheon and United Technologies. “I am little concerned about United Technologies and Raytheon,” Trump said on…


Renault warns Nissan it will block governance reshuffle

TOKYO, June 10 — French carmaker Renault has warned its alliance partner Nissan that it will block the Japanese auto firm’s plan to overhaul its governance structure, Nissan confirmed today, a move it called “regrettable.” The French…


Trump threatens more tariffs on Mexico over part of immigration deal

WASHINGTON, June 10 — President Donald Trump today hinted more details were to come about a migration pact the United States signed with Mexico last week, saying another portion of the deal with Mexico would need to be ratified by Mexican…