Auto industry lines up against possible U.S. tariffs
WASHINGTON (Reuters) - The U.S. auto industry urged President Donald Trump's administration on Monday not to saddle imported cars and auto parts with steep tariffs, after the U.S. Commerce Department sent a confidential report to the White House late on Sunday with its recommendations for how to proceed.
Russia's Rusal is in talks to resume reinsurance with Western companies
MOSCOW (Reuters) - Russia's Rusal, the world's second-largest aluminum producer, is in talks to resume reinsuring its risks with Western companies after Washington lifted sanctions on it, officials with Russian National Reinsurance Co (RNRC) said.
U.S. FAA investigates Southwest over baggage weight discrepancies: WSJ
(Reuters) - The U.S. Federal Aviation Administration is investigating Southwest Airlines Co for widespread failure to accurately track the combined weight of checked bags loaded onto its jets, the Wall Street Journal reported on Monday.
Huawei founder says Huawei CFO arrest was politically motivated: BBC
(Reuters) - Huawei founder Ren Zhengfei said on Monday that the arrest of his daughter, Huawei Chief Financial Officer Meng Wanzhou, was politically motivated.
Asian shares hover near four-month high, buoyed by trade optimism
TOKYO (Reuters) - Asian shares hovered near a four-month peak on Tuesday, supported by hopes that Sino-U.S. trade talks were making positive progress and expectations of policy stimulus from central banks.
EU's Juncker expects Trump to refrain from imposing higher tariffs on cars
BERLIN (Reuters) - U.S. President Donald Trump has promised European Commission President Jean-Claude Juncker that he will not impose additional import tariffs on European cars for the time being, Juncker was quoted in a published interview as saying on Monday.
Honda to close UK car plant with the loss of 3,500 jobs
LONDON (Reuters) - Japanese carmaker Honda is set to announce the closure of its only British car plant in 2022 with the loss of 3,500 jobs, a lawmaker told Reuters, in the latest blow to the UK car industry as Brexit approaches.
Britain does not support total Huawei network ban: sources
(Reuters) - British security officials do not support a full ban of Huawei from national telecoms networks despite U.S. allegations the Chinese firm and its products could be used by Beijing for spying, people with knowledge of the matter said.
Papa John's founder Schnatter says he welcomes hedge fund Starboard
NEW YORK (Reuters) - Papa John's International Inc founder John Schnatter welcomes hedge fund Starboard Value LP's investment in the pizza restaurant chain, his lawyer said, even as he filed an updated lawsuit on Monday against the company.
U.S. oil prices hit three-month high amid OPEC-led output cuts
SYDNEY (Reuters) - U.S. oil prices hit a three-month high on Tuesday, buoyed by production cuts led by the Organization of the Petroleum Exporting Countries.