Stocks erase week's gains after weak manufacturing surveys
LONDON (Reuters) - Global shares erased this week's gains on Thursday after weak manufacturing surveys from Asia and Europe stoked fears of a slowdown in global growth, adding to profit taking ahead of the long Easter weekend.
Major automakers fear Trump 'grenade' - imposing U.S. auto tariffs
NEW YORK (Reuters) - Major automakers are bullish on the outlook for the U.S. economy and auto sales, but one big question remains - will President Donald Trump throw a grenade into the sector by imposing sweeping tariffs of up to 25 percent on car and auto parts imports?
Trump team readies PR offensive on North America trade deal's economic effects
WASHINGTON (Reuters) - The Trump administration is readying a public relations offensive over the economic impact of its new North American trade deal to counter a crucial report expected on Thursday that economists see as likely to show minimal gains at best.
Brexit stalls investments by sovereign wealth funds in Britain
LONDON (Reuters) - Britain has long been a favored playground for sovereign wealth funds from around the world to snap up glitzy skyscrapers, banking stakes and posh department stores.
Oil prices slip, but supply cuts support
LONDON (Reuters) - Oil prices eased on Thursday, although a decline in U.S. inventories, ongoing supply cuts from OPEC and its allies, and U.S. sanctions on Venezuela and Iran all limited losses.
UK consumers keep calm and carry on shopping before Brexit deadline
LONDON (Reuters) - British shoppers ignored worries about an impending Brexit deadline and spent heavily in March, official data showed on Thursday, supporting the country's sluggish economy while companies were cutting back on investment.
Japan's Aso to travel to U.S. April 25 for meeting with Mnuchin: source
TOKYO (Reuters) - Japanese Finance Minister Taro Aso will travel to the United States on April 25 to meet Treasury Secretary Steven Mnuchin on the sidelines of a summit between Japanese Prime Minister Shinzo Abe and U.S. President Donald Trump, a source said on Thursday.
Respite for banks as payouts for mis-sold insurance fall
LONDON (Reuters) - Britain's lenders are starting to put the most costly consumer scandal to hit the industry behind it, with payouts for mis-sold payment protection insurance (PPI) falling in the second half of 2018 ahead of an August deadline for claims.
Euro falls to a one-week low after weak manufacturing surveys
LONDON (Reuters) - The euro fell to a one-week low on Thursday after weak manufacturing surveys in Europe raised concerns about an economy struggling to gain traction before the long Easter weekend.
Hong Kong Airlines power struggle deepens amid allegations head office 'stormed'
HONG KONG (Reuters) - A power struggle at Hong Kong Airlines (HKA) intensified on Thursday as a group of shareholders accused a rival group representing indebted Chinese conglomerate HNA of storming the troubled airline's head office and taking away documents.