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GM to cut North American production, citing chip shortage
WASHINGTON (Reuters) - General Motors Co will reduce production at many North American assembly plants this month because of the ongoing semiconductor chip shortage, hitting its profitable truck and s...
Syndicated Content Sep 02, 2021
U.S. trade deficit shrinks in July as imports fall
WASHINGTON (Reuters) - The U.S. trade deficit narrowed more than expected in July as imports declined likely because of shortages and a shift in domestic spending from goods to services. The Commerce ...
Syndicated Content Sep 02, 2021
Analysis-A City divided? London tackles Brexit with twin-track finance
By Huw Jones LONDON (Reuters) - High in the skyscrapers that have taken root in its warren of medieval streets, City of London grandees are plotting a post-Brexit regulatory revamp to rival New York. ...
Syndicated Content Sep 02, 2021
U.S. weekly jobless claims fall; layoffs at 24-year low
WASHINGTON (Reuters) - The number of Americans filing new claims for jobless benefits fell last week, while layoffs dropped to their lowest level in more than 24 years in August, suggesting the labor ...
Syndicated Content Sep 02, 2021
Canada posts C$778 million trade surplus in July
OTTAWA (Reuters) - Canada posted a trade surplus of C$778 million ($616.6 million)in July as exports rose by 0.6% and imports rose 4.2%, Statistics Canada said on Thursday. Analysts surveyed by Reuter...
Syndicated Content Sep 02, 2021
Xi says China to set up stock exchange in Beijing
BEIJING (Reuters) -China's President Xi Jinping on Thursday said the country would set up a stock exchange in its capital, Beijing, to serve small and medium-sized companies. Mainland China's two majo...
Syndicated Content Sep 02, 2021
Nikola, Bosch tie up to build fuel-cell power modules
(Reuters) -Nikola Corp said on Thursday it had signed a deal with Bosch Group, that would allow the electric-vehicle startup to build Bosch fuel-cell power modules at its Coolidge, Arizona facility. N...
Syndicated Content Sep 02, 2021
American Eagle revenue disappoints as online sales weaken
(Reuters) - American Eagle Outfitters Inc missed quarterly revenue estimates on Thursday, hurt by a slowdown in its online business as people shop more at physical stores following vaccination drives ...
Syndicated Content Sep 02, 2021
Futures rise as focus turns to weekly jobless claims
By Shashank Nayar (Reuters) - U.S. stock index futures inched higher on Thursday on hopes the Federal Reserve would maintain an accommodative policy amid signs that a broader economic recovery was slo...
Syndicated Content Sep 02, 2021
WTO chief seeks fishing, pandemic accords by year end
By Philip Blenkinsop BRUSSELS (Reuters) - The World Trade Organization needs results by the end of the year and must focus its efforts on securing a deal on fishing subsidies and finding a global resp...
Syndicated Content Sep 02, 2021
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