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Trudeau says recognizes NAFTA timeline, will stick up for Canada

LONDON (Reuters) – Canadian Prime Minister Justin Trudeau said on Thursday he recognized the timelines on seeking a NAFTA trade agreement and was engaging as much as possible to meet an opportunity to make “significant progress”.

Trump launches effort to boost U.S. weapons sales abroad

WASHINGTON (Reuters) – The Trump administration rolled out a long-awaited overhaul of U.S. arms export policy on Thursday aimed at expanding sales to allies, saying it will bolster the American defense industry and create jobs at home.

AT&T CEO Stephenson says deal needed in content-dependent world

WASHINGTON (Reuters) – AT&T CEO Randall Stephenson said on Thursday his company’s bid to buy movie and TV show maker Time Warner would allow the two firms to serve customers better by lowering pay TV rates, rejecting government arguments the deal would raise consumer prices.

BoE’s Carney says rate rise not certain in May

Shire faces bid battle from Allergan and Takeda

Allergan may bid for the London-listed rare diseases drug maker after Takeda confirms [...]

Markets should not bet on a May UK rate rise, says Mark Carney

Softer economic data give Bank of England pause for [...]

Shire rejects $63 billion Takeda bid as Allergan drops pursuit

NEW YORK/LONDON (Reuters) – London-listed rare disease drug maker Shire Plc said on Thursday it had rejected a $63 billion cash-and-stock acquisition offer by Japan’s Takeda Pharmaceutical Co , even as their talks continued, while Allergan Plc dropped its rival bid.

Apple, Philip Morris, chips lead slide on Wall Street

(Reuters) – U.S. stocks fell on Thursday, as technology stocks from Apple to chipmakers declined following a weak forecast on smartphone demand, while a sharp drop in Philip Morris’s shares after results weighed on the consumer staples sector.

Peugeot boss faces toughest adversary yet in IG Metall

PARIS/FRANKFURT (Reuters) – PSA Group boss Carlos Tavares, whose career has seen him thrash out margin-boosting labor deals for two carmakers in several countries, is now taking on Germany’s IG Metall union, which has been the undoing of many a cost cutter.

A wasted opportunity to reduce government debt

Amid record global borrowing, the US should seek fiscal [...]

A second Brexit referendum would tear Britain apart

The UK electorate is split down the middle, but another vote would make things [...]

BlackRock wants regulators to address unequal voting rights

BOSTON (Reuters) – BlackRock Inc on Thursday called on securities regulators to set international standards for shareholder voting rights, suggesting they resolve one of the thorniest debates in corporate governance.

European utilities retrench as cross-border deals lose appeal

PARIS/FRANKFURT (Reuters) – European utility companies are retrenching in their home markets and looking to unwind debt-financed cross-border mergers deals as increasingly nationalist governments balk at foreign ownership of strategic power supplies.

House of Fraser calls in KPMG to draw up turnaround plan

The department store chain has asked KPMG to look at options which may involve store closures and job [...]

TSMC’s smartphone warning points squarely at Apple: analysts

(Reuters) – Shares in Apple Inc and its suppliers fell on Thursday after a raft of analysts read a prediction of softer smartphone sales from Taiwan Semiconductor Manufacturing Co Ltd as driven chiefly by concern about demand for iPhones.

Apple, Philip Morris, chip stocks lead Wall Street slide

(Reuters) – U.S. stocks dropped on Thursday, weighed down by a broad-based decline in technology stocks from Apple to chipmakers as well as a tumble in consumer staples such as Philip Morris and P&G.

GM Korea, union fail to reach agreement before Friday deadline

SEOUL (Reuters) – Wage talks between General Motors’ South Korean unit and its labor union ended without an agreement on Thursday, a day before the deadline the company had set for filing for bankruptcy.

The Commonwealth is no substitute for trade with the EU

FT readers see trouble ahead after [...]

Spanish now richer than Italians, IMF data show

Decade of stagnation leaves Rome trailing in terms of output per [...]

Allergan moves in as Shire rebuffs $63 billion Takeda bid: sources

NEW YORK/LONDON (Reuters) – Drugmaker Shire has rejected a third takeover bid worth nearly $63 billion from Japan’s Takeda Pharmaceutical , although talks are continuing, while sources said Allergan was also in competing negotiations.

The great Russian oil game in Iraqi Kurdistan

LONDON (Reuters) – Last October, at the height of a political crisis in Iraq’s Kurdistan region, a letter arrived at the Iraqi oil ministry in Baghdad from Igor Sechin, head of Kremlin oil major Rosneft .

Apple, P&G and chip stocks lead Wall Street lower

(Reuters) – Wall Street slid on Thursday morning, weighed down by a broad-based slump in technology stocks from Apple to chipmakers as well as a tumble in consumer staples such as Procter & Gamble.

Exclusive: Allergan in talks to acquire Shire, competing against Takeda – sources

(Reuters) – Botox maker Allergan Plc is in talks to acquire Shire Plc, competing against Japan’s Takeda Pharmaceutical Co Ltd for the London-listed drugmaker, two sources familiar with the matter said on Thursday.

ZTE woes may boost network rivals Ericsson and Nokia

STOCKHOLM/LONDON (Reuters) – Investors are warming to beleaguered mobile network makers Ericsson and Nokia as they begin to recover ahead of a once-a-decade uplift from a new business cycle and an unexpected boost from a U.S. ban on exports to low-cost Chinese rival ZTE.

Plastic straw and cotton bud ban proposed

Plan for a ban in England is announced as Commonwealth leaders are urged to tackle plastic [...]

Questions over Conservative donor tax probe

HMRC denies refusing to assist with a probe into a French telecoms firm because it had been a Tory [...]

P&G earnings beat as struggling retailers, costs eat into margins

(Reuters) – The world’s largest consumer goods maker Procter & Gamble Co narrowly beat quarterly earnings expectations on Thursday, saying shrinking retailer inventories and higher commodities and transportation costs squeezed margins.

Takeda in talks with Shire after $61 billion bid rejected

LONDON/NEW YORK (Reuters) – Japan’s Takeda Pharmaceutical is in negotiations with Shire after making a third takeover bid worth around $61 billion that was rejected by the London-listed rare diseases drugmaker.

Oil climbs on Saudi price ambitions and U.S. stocks draw

LONDON (Reuters) – Oil prices kept rising to their highest since late 2014 as U.S. crude inventories declined, moving closer to five-year averages, and after sources told Reuters that top exporter Saudi Arabia aims to push prices even higher.

Wall St. eyes lower opening as chip stocks, Apple drop

(Reuters) – Wall Street was on track to open lower on Thursday dragged by declines in chip stocks following a weak forecast from Taiwan Semiconductor, the world’s largest contract chipmaker.

Climate change and automation threaten economic convergence

Workers from catch-up nations face a more hostile environment than their [...]

Lyft to offset emissions from rides with projects combating climate change

SAN FRANCISCO (Reuters) – Lyft Inc is launching a program on Thursday to offset emissions from the 1.4 million cars that drive for the U.S. ride-hailing service by investing in projects to reduce other sources of greenhouse gas, the company said.

The loud warning noises from Chinese capital flows

Trade flows matter but capital matters more — and China dominates the [...]

Acceleration in lira volatility may spark Turkey rate hike — analysts

Key meeting of Turkey’s central bank less than a week [...]

Venture capital firm Fort Ross aims to bring more U.S. startups to Russia

SAN FRANCISCO (Reuters) – A venture capital firm aiming to bring more U.S. startups to Russia has raised a $200 million fund, hoping to use the fresh pool of money to help Silicon Valley companies deliver their services to Russia’s biggest corporations and its millions of internet-connected consumers.

U.S. ban on sales to ZTE triggers patriotic rhetoric in China

HONG KONG (Reuters) – A U.S. ban on sales of American components to ZTE Corp has unleashed a patriotic backlash in China’s cyberspace, highlighting the growing tension between the world’s two largest economies.

Exclusive: China looks to speed up chip plans as U.S. trade tensions boil – sources

BEIJING (Reuters) – China is looking to accelerate plans to develop its domestic semiconductor market amid a fierce trade stand-off with the United States and a U.S. ban on sales to Chinese phone maker ZTE that has underscored the country’s reliance on imported chips.

John McDonnell says Labour offering the City ‘new start’

A Labour government would offer bankers a seat at the table on policy making, John McDonnell [...]

Oil hits 4-year high ahead of Opec-Russia supply meeting

Energy stocks and crude-linked currencies rally as investors eye longer production [...]

Takeda makes $61 billion bid for drugmaker Shire: sources

LONDON (Reuters) – Takeda Pharmaceutical has made a bid for Shire that values the London-listed drugmaker at around $61 billion, two sources with direct knowledge of the matter told Reuters.

Futures dip as chip stocks, Apple offset rising oil prices

(Reuters) – U.S. stock index futures edged lower on Thursday, as the effect of higher oil prices was offset by declines in chipmakers, following a weak forecast from Taiwan Semiconductor, the world’s largest contract chipmaker.

Qualcomm concessions insufficient to clinch NXP deal: commerce ministry

BEIJING (Reuters) – U.S. chipmaker Qualcomm will have to do more to complete its proposed takeover of NXP Semiconductors , a commerce ministry spokesman said on Thursday.

P&G quarterly results surpass estimates

(Reuters) – Procter & Gamble Co reported better-than-expected quarterly results on Thursday, boosted by strong demand for skincare products Olay and SK-II, as well as fabric and home care products such as Febreze.

Why is Billy Bragg at the Bank of England?

The last time the singer was at the Bank he was “kettled” – this time he’s talking economic [...]

Russia petitions WTO over US tariffs