The U.S. parent company of apparel and shoe brands Timberland, Vans and the North Face will no longer buy Brazilian leather, it said on Thursday, as surging forest fires in the Amazon raise questions about how companies are contributing to the destruction of the world’s largest rainforest.
Goldman-backed CityFibre bids for TalkTalk’s FibreNation: Sky News
Goldman Sachs-backed British broadband operator CityFibre has tabled a bid for rival TalkTalk’s network company, FibreNation, Sky News reported on Wednesday.
Russia’s Rostec unit ready for out-of-court deal with Boeing on 737 MAX order
A unit of Russian conglomerate Rostec said on Tuesday it was ready for an out-of-court settlement with Boeing over its order for 35 Boeing 737 MAX jets, a spokesman for Rostec’s subsidiary Avia Capital Service told Reuters.
Wall Street rises after Trump’s softer stance on trade
Wall Street’s main indexes rose 1% on Monday as U.S. President Donald Trump eased his stance on trade with China, calming investor nerves after an intense feud between the world’s top two economies last week sent stocks tumbling.
Trump, Abe agree on principles of trade deal at G7
President Donald Trump on Sunday said he and Japan’s Prime Minister Shinzo Abe had agreed on the principles of a trade deal that would probably be signed next month in New York.
Fed wields strong influence on global financial conditions: research
The Federal Reserve’s influence on economic conditions beyond U.S. borders may be bigger than it thinks, according to research that will be presented at the central bank’s conference on Saturday.
India rolls back tax hike on investors; outlines steps to boost sentiment
India is rolling back recent tax hikes on foreign and domestic equity investors and is accelerating a capital infusion of $10 billion into state-run banks, the finance minister said late on Friday, in an attempt to boost market sentiment and revive the slowing economy.
Stena Bulk tanker seized by Iran could be released soon: Sweden’s SVT broadcaster
Sweden has received “very strong indications” that a British oil tanker seized last month by Iran in the Strait of Hormuz is to be released soon, Swedish public service broadcaster SVT reported on Thursday, citing sources within Sweden’s foreign ministry.
IMF warns against rate cuts, currency intervention to improve trade balance
The International Monetary Fund on Wednesday warned against governments trying to weaken their currencies through monetary easing or market interventions, arguing in a blog post that this would hurt the functioning of the international monetary system and make all nations worse off.
U.S. regulators hand Wall Street a major win with stripped-down ‘Volcker Rule’
U.S. banking regulators on Tuesday approved changes easing a rule introduced after the 2007-2009 financial crisis that bans banks from trading on their own account, giving Wall Street one of its biggest wins under the Trump administration.