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Reuters: Business News

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Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals.

1 - Worldpay charges, disclosed in fine print, anger small U.S. merchants
2 - Wall St drops 1% after Trump's China salvo
3 - China strikes back at U.S. with new tariffs on $75 billion in goods
4 - Trump presses U.S. companies to close China operations
5 - Renewed Chinese auto tariffs would cost U.S. jobs, industry coalition warns
6 - Powell says Fed will 'act as appropriate' but offers little more guidance
7 - For world's central banks, a call to hang together
8 - Billionaire industrialist and conservative donor David Koch dies at age 79
9 - Powell: Fed to act as appropriate to keep expansion going
10 - Powell: Fed to act as appropriate to keep expansion going
11 - China to impose extra tariffs on U.S. soy, beef and pork
12 - For world's central banks, a call to hang together
13 - U.S. new home sales drop sharply, point to more housing weakness
14 - Seeking clarity from Fed's Powell? Good luck with that
15 - White House mulling tax cuts but not to counter short-term weakness: adviser
16 - Shares in Peppa Pig owner rise past Hasbro offer
17 - Navarro says China talks to continue, trade war won't slow U.S. economy
18 - Russia starts sales of 'Putin limousine', eyes Chinese market
19 - Huawei says U.S. curbs to cut smartphone unit's revenue by over $10 billion
20 - Major fashion companies to make G7 pledge to help environment
1 - Worldpay charges, disclosed in fine print, anger small U.S. merchants

Mark VenHuizen, the comptroller of a family business which sells parts for boat engines in Florida, says he has complained three times to Worldpay Inc since 2016 for tacking on extra fees to process his customers' credit and debit card payments without clearly telling him about it.

8/23/2019 11:30:13 AM

2 - Wall St drops 1% after Trump's China salvo

Wall Street's three main indexes lost about 1% on Friday after President Donald Trump said U.S. companies should "immediately start looking for an alternative to China" after Beijing officials earlier retaliated by imposing tariffs on U.S. goods.

8/23/2019 11:22:29 AM

3 - China strikes back at U.S. with new tariffs on $75 billion in goods

China said on Friday it will impose retaliatory tariffs against about $75 billion worth of U.S. goods, putting as much as an extra 10% on top of existing rates in the dispute between the world's top two economies.

8/23/2019 11:21:21 AM

4 - Trump presses U.S. companies to close China operations

President Donald Trump said on Friday he was ordering U.S. companies to look at ways to close their operations in China and make more of their products in the United States instead, a rhetorical strike at Beijing as trade tensions mounted.

8/23/2019 11:20:09 AM

5 - Renewed Chinese auto tariffs would cost U.S. jobs, industry coalition warns

The head of a broad coalition of Japanese, German and South Korean automakers warned on Friday that renewed punitive Chinese tariffs on U.S. autos would hurt U.S. vehicle exports to China and put U.S. jobs at risk.

8/23/2019 11:18:21 AM

6 - Powell says Fed will 'act as appropriate' but offers little more guidance

The U.S. economy is in a "favorable place" and the Federal Reserve will "act as appropriate" to keep the current economic expansion on track, Fed chair Jerome Powell said on Friday in remarks that gave few clues about whether the central bank will cut interest rates at its next meeting or not.

8/23/2019 11:11:25 AM

7 - For world's central banks, a call to hang together

Over the decades since World War Two the growth rates, inflation rates, interest rates and business cycles of the world's major economies grew closer together.

8/23/2019 11:07:30 AM

8 - Billionaire industrialist and conservative donor David Koch dies at age 79

Billionaire industrialist David Koch, a driving force behind conglomerate Koch Industries who as one of the world's richest people became a major financier of conservative causes and political candidates, has died at age 79, his brother said on Friday.

8/23/2019 11:05:42 AM

9 - Powell: Fed to act as appropriate to keep expansion going

The U.S. economy is in a "favorable place" and the Federal Reserve will "act as appropriate" to keep the current economic expansion on track, Fed chair Jerome Powell said on Friday in remarks that gave few clues about whether the central bank will cut interest rates at its next meeting or not.

8/23/2019 11:05:18 AM

10 - Powell: Fed to act as appropriate to keep expansion going

The U.S. economy is in a "favorable place" and the Federal Reserve will "act as appropriate" to keep the current economic expansion on track, Fed chair Jerome Powell said on Friday in remarks that gave few clues about whether the central bank will cut interest rates at its next meeting or not.

8/23/2019 10:47:02 AM

11 - China to impose extra tariffs on U.S. soy, beef and pork

China said on Friday it will impose an extra 5% tariff on U.S. soybeans from Sept 1, and additional 10% duties on U.S. wheat, corn and sorghum from Dec. 15, in Beijing's latest retaliatory trade measures https://www.reuters.com/article/us-usa-trade-china/china-strikes-back-in-trade-dispute-with-u-s-with-new-tariffs-idUSKCN1VD1AJ against Washington.

8/23/2019 10:45:35 AM

12 - For world's central banks, a call to hang together

Over the decades since World War Two the growth rates, inflation rates, interest rates and business cycles of the world's major economies grew closer together.

8/23/2019 10:43:21 AM

13 - U.S. new home sales drop sharply, point to more housing weakness

Sales of new U.S. single-family homes sank more than expected in July, a sign that the housing market continued in low gear despite lower mortgage rates and a strong labor market.

8/23/2019 10:37:21 AM

14 - Seeking clarity from Fed's Powell? Good luck with that

When Federal Reserve Chair Jerome Powell speaks in Jackson Hole, Wyoming, on Friday, traders will comb through his remarks for clues on whether the U.S. central bank will deliver more rate cuts this year.

8/23/2019 9:30:19 AM

15 - White House mulling tax cuts but not to counter short-term weakness: adviser

The Trump administration is studying tax cuts to buttress long-term U.S. economic growth that could be rolled out during the 2020 election campaign but is not looking at action to counter any perceived economic weakness now, the White House economic adviser said on Thursday.

8/23/2019 9:30:10 AM

16 - Shares in Peppa Pig owner rise past Hasbro offer

Peppa Pig-owner Entertainment One's shares rose more than 30% to a record high on Friday, surpassing the price agreed by the company's board with U.S. toy maker Hasbro Inc in a sign that investors see some chance of a counter offer.

8/23/2019 9:28:43 AM

17 - Navarro says China talks to continue, trade war won't slow U.S. economy

White House trade adviser Peter Navarro said on Friday he does not believe the trade war in China will cause higher prices or a slower economy in the United States.

8/23/2019 9:22:41 AM

18 - Russia starts sales of 'Putin limousine', eyes Chinese market

Russia opened a showroom on Friday selling its first post-Soviet luxury limousine under the Aurus brand, a type of car used by President Vladimir Putin at his inauguration last year.

8/23/2019 9:06:58 AM

19 - Huawei says U.S. curbs to cut smartphone unit's revenue by over $10 billion

Chinese technology giant Huawei said on Friday the impact of U.S. trade restrictions on its business will be less than what it initially feared, though the curbs could push its smartphone unit's revenue lower by about $10 billion this year.

8/23/2019 8:50:31 AM

20 - Major fashion companies to make G7 pledge to help environment

Major fashion companies from around the world said on Friday they had signed a pact which they would present at this week's G7 summit to help protect the environment.

8/23/2019 8:41:26 AM

 

 
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