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    Asian shares pressured as Trump tempers Sino-U.S. trade optimism
    Posted on Wednesday May 23, 2018

    TOKYO (Reuters) - Asian shares were mostly weaker on Wednesday with investors cautious after U.S. President Donald Trump tempered optimism over progress made in trade talks between the world's two largest economic powers.MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.3 percent, while Japan's Nikkei lost 1.2 percent to end at a 1-1/2-week low and the Shanghai Composite Index retreated 1.1 percent.

    'Referendum' result due on France's big railway shake-up
    Posted on Wednesday May 23, 2018

    PARIS (Reuters) - France's rail unions will announce on Wednesday the results of a staff ballot on government plans to create a leaner, more efficient public railway company before the monopoly is opened to competition in line with European Union rules.

    Tesla trims up to $14,000 off Model X in China after tariff cuts
    Posted on Wednesday May 23, 2018

    BEIJING (Reuters) - Tesla Inc has slashed up to $14,000 off its Model X in China after Beijing announced major tariff cuts for imported automobiles, a potential sales boost for the U.S. firm as the world's largest auto market pivots towards electric cars.

    India's Vedanta hits over 10-month low as protests against copper plant turn violent
    Posted on Wednesday May 23, 2018

    (Reuters) - Shares of Vedanta Ltd fell to their lowest since July 5, 2017, after at least nine people were killed in the southern state of Tamil Nadu when police fired at violent protesters calling for the closure of a copper smelter run by parent Vedanta Resources Plc .

    Wynn shareholders reject executive compensation plan
    Posted on Wednesday May 23, 2018

    (Reuters) - Shareholders of casino operator Wynn Resorts Ltd voted against the company's executive compensation plan at its annual meeting last week, Wynn said in a regulatory filing late on Tuesday.

    Why Caterpillar can't keep up with a boom in demand
    Posted on Wednesday May 23, 2018

    EAST PEORIA, Ill. (Reuters) - Orders for the mining machines and construction bulldozers made at this sprawling Caterpillar Inc. factory in central Illinois have jumped, in general, three-fold over the past year.

    China's ZTE estimates at least $3.1 billion loss from U.S. sanctions: Bloomberg
    Posted on Wednesday May 23, 2018

    BEIJING (Reuters) - China's ZTE Corp is estimating losses of at least 20 billion yuan ($3.1 billion) due to Washington's ban on U.S. firms supplying the telecommunications firm, Bloomberg reported on Wednesday, citing unnamed sources.

    Trump floats management changes instead of sanctions for China's ZTE
    Posted on Wednesday May 23, 2018

    WASHINGTON (Reuters) - U.S. President Donald Trump on Tuesday floated a plan to fine ZTE Corp and shake up its management as his administration considered rolling back more severe penalties that have crippled the Chinese telecommunications company.

    Small banks trump Wall Street on Dodd-Frank rewrite
    Posted on Wednesday May 23, 2018

    WASHINGTON (Reuters) - Congress on Tuesday rolled back some of the restraints imposed on banks after the 2007-2009 global financial crisis, but big players like Goldman Sachs Group Inc , Morgan Stanley and JPMorgan Chase & Co , will not be breaking out the champagne.

    EU doubts if offer can prevent Trump tariffs or steel caps
    Posted on Tuesday May 22, 2018

    BRUSSELS (Reuters) - European Union proposals to open its markets wider to U.S. products, including cars, appear not to have persuaded Washington to lift the threat of import tariffs on EU steel and aluminium, the bloc's trade chief said on Tuesday.

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