Obamacare repeal would leave 32 million more uninsured
2017-07-19 22:58:36 UTC
WASHINGTON (Reuters) - Thirty-two million Americans would lose their health insurance by 2026 if Obamacare is repealed without a replacement, the U.S. Congressional Budget Office reported late on Wednesday as President Donald Trump pushed fellow Senate Republicans to reach an agreement on overhau...
Brexit EU hub: Morgan Stanley & Citigroup choosing Frankfurt
2017-07-19 16:48:26 UTC
FRANKFURT/LONDON (Reuters) - Morgan Stanley has chosen Frankfurt to be the new base for its European Union operations as Britain prepares to leave the bloc, according to a source familiar with the matter, becoming the latest U.S. bank to pick the German city.
International banks are planning t...
Republicans in chaos over healthcare legislation
2017-07-18 18:40:01 UTC
WASHINGTON (Reuters) - Republicans in the U.S. Congress were in chaos over healthcare legislation after a second attempt to pass a bill in the Senate collapsed late on Monday.
"Regretfully, it is now apparent that the effort to repeal and immediately replace the failure of Obamacare will not ...
US Dollar falls to lowest level in 2017
2017-07-17 21:08:40 UTC
NEW YORK (Reuters) - The U.S. dollar hit its lowest level against a basket of major currencies in 10 months on Monday and the Australian dollar hit a more than two-year high on strong Chinese economic data and doubts that the Federal Reserve would raise interest rates again this year.
Angela Merkel: Brexit changed my view on Europe
2017-07-15 18:57:48 UTC
ZINGST, Germany (Reuters) - German Chancellor Angela Merkel told voters on Saturday that Britain's decision to leave the European Union and France's election of President Emmanuel Macron had changed her view on the bloc, adding it was worth fighting for a stronger Europe.
Merkel's comments, ma...
McCain: The Republican bill to roll back Obamacare is likely dead
2017-07-09 17:08:21 UTC
WASHINGTON — U.S. Republican senator John McCain predicted on Sunday that the Republican bill to roll back Obamacare would likely fail, adding to growing signs that the bill is in trouble.
"My view is that it's probably going to be dead," Senator McCain, a senior U.S. Republican, said on the C...
US auto industry has been bracing for a downturn
2017-07-03 16:51:23 UTC
The U.S. auto industry has been bracing for a downturn after hitting a record 17.55 million new vehicles sold in 2016. A glut of nearly new used vehicles poses competition for new vehicle sales and automakers have relied increasingly on high consumer discounts and loosened lending terms.
Tesla Model 3 passed all regulatory requirements for production
2017-07-03 06:23:42 UTC
Tesla Inc's high-volume Model 3 sedan passed all regulatory requirements for production two weeks ahead of schedule, Chief Executive Elon Musk tweeted on Sunday night.
Musk said in May that Tesla was on track to begin production of the $35,000 Model 3 in July.
Tesla expects to produce over ...
Shortlisted bidders in race to buy $10b valued Global Logistic Properties Ltd
2017-07-03 05:50:18 UTC
SINGAPORE — Global Logistic Properties Ltd said on Monday it had received "firm proposals" from shortlisted bidders, days after sources told Reuters that suitors had narrowed to a management-backed Chinese consortium and a group led by Warburg Pincus.
The $10 billion-valued firm is Asia's bigg...
VW to spend $800 million in California and a total of $2 billion nationwide on clean car infrastructure
2017-06-29 23:39:43 UTC
San Francisco — Volkswagen AG on Thursday told California it was expanding efforts to build electric car infrastructure in poorer communities, responding to regulators who described "shortcomings" in VW's plan.
The California Air Resources Board in May said that VW's Electrify America unit nee...
GOP delays vote on health care bill: Fear of a disastrous defeat
2017-06-27 21:00:38 UTC
WASHINGTON — Facing a potentially disastrous defeat by members of his own party, U.S. Senate Majority Leader Mitch McConnell decided on Tuesday to delay a vote on healthcare legislation in order to get more support from Republican senators.
President Donald Trump summoned all 52 Republican sen...
Massive hack attack: "It's like WannaCry all over again"
2017-06-27 17:39:04 UTC
MOSCOW/KIEV — A ransomware attack hit computers across the world on Tuesday, taking out servers at Russia's biggest oil company, disrupting operations at Ukrainian banks, and shutting down computers at multinational shipping and advertising firms.
Cyber security experts said those behind the a...
Koch brothers: Eliminate medicaid for poor and disabled Americans
2017-06-26 07:13:57 UTC
COLORADO SPRINGS, COLO. — Officials with the conservative U.S. political network overseen by the Koch brothers say they are unhappy with the healthcare bill that may be voted on by the Senate this week and will lobby for changes to it.
At a weekend event with conservative donors, top aides to ...
Sanders Calls Trump & Republicans Healthcare Plan 'Barbaric'
2017-06-24 17:48:38 UTC
In an appearance on Anderson Cooper 360, Sen. Bernie Sanders (I-VT) explained why the newly-release Affordable Health Care Act is “the most harmful piece of legislation” he’s ever seen.
“If you throw over 23 million people off of health insurance, if you cut Medicaid by over $800 billion dolla...
Obama: The Senate bill would raise costs, reduce coverage, roll back protections
2017-06-24 17:51:21 UTC
Barack Obama released a blistering statement on Thursday condemning Senate Republicans’ plans to repeal and replace the Affordable Care Act, calling the draft legislation a “massive transfer of wealth from middle-class and poor families to the richest people in America.”
"Affordable Care Act r...
Ford announces a new manufacturing investment in China
2017-06-20 17:58:55 UTC
DETROIT/WASHINGTON — Ford will export the next-generation Focus compact car from China to North America in 2019, rather than from Mexico as earlier planned, saving the company $500 million, a top executive said on Tuesday.
It is the first major manufacturing investment decision made by new Chi...
Trump owes at least $315.6 million to German and other lenders
2017-06-17 07:34:21 UTC
WASHINGTON — President Donald Trump had personal liabilities of at least $315.6 million to German, U.S. and other lenders as of mid-2017, according to a federal financial disclosure form released late on Friday by the U.S. Office of Government Ethics.
He had roughly $20 million in income from ...
Angela Merkel threatens retaliation if U.S. sanctions on Russia harm EU firms
2017-06-16 18:20:14 UTC
BERLIN/BRUSSELS — Germany threatened on Friday to retaliate against the United States if new sanctions on Russia being proposed by the U.S. Senate end up penalizing German firms.
The Senate bill, approved on Thursday by a margin of 98-2, includes new sanctions against Russia and Iran. Cruciall...
Amazon to buy Whole Foods
2017-06-16 17:34:24 UTC
By Lauren Hirsch, Anya George Tharakan and Sruthi Ramakrishnan
Amazon.com Inc said on Friday it would buy U.S. organic supermarket chain Whole Foods Market Inc for $13.7 billion, including debt, marking the internet retailer's largest deal and biggest foray into the brick-and-mortar retail secto...
Trump is far away from overhauling bank regulation
2017-06-14 05:54:55 UTC
WASHINGTON — Wall Street banks on Tuesday cheered U.S. far-right nationalist President Donald Trump's plans to loosen the leash put on them in the wake of the 2008 financial crisis but they do not expect significant change any time soon.
The Trump administration has said the bulk of its pl...
Canada's boldest position: Setting its own course, avoiding Washington's 'quagmire'
2017-06-13 05:14:07 UTC
Canada sets its own course in the face of the Trump administration.
Amid Washington's shifting role on the global stage, leaders in Ottawa are urging Canada to take a new foreign policy direction. Are the country's traditionally strong ties with the US being called into question?
Macron to US Scientists: Move to France with Your Families
2017-06-13 05:13:57 UTC
If you are an American scientist, student, teacher, or business person working on climate change solutions, France would love for you to stay awhile.
Following President Trump's June 2 decision to withdraw from the Paris climate agreement — a multi-country pact that acknowledges global warming...
Should I buy euros now or later?
2017-06-09 23:19:33 UTC
LONDON — The UK currency has experienced significant volatility in the fallout from the General Election.
The Conservatives failed to secure a majority in the contentious vote, leaving the nation grappling with the result of a hung parliament.
Sterling is buying €1.14 after dropping sharpl...
7 States Sue Trump's "Environmental Protection Agency"
2017-06-07 02:15:20 UTC
“If the Trump Administration won’t follow the law—and put our children’s wellbeing first—we will fight back," New York Attorney General Eric T. Schneiderman said in a statement.
Seven states filed a lawsuit against the Environmental Protection Agency on Tuesday for failing to properly regulate...
Growing skills mismatch in U.S. decreases hiring chance
2017-06-06 19:42:20 UTC
WASHINGTON — U.S. job openings surged to a record high in April and employers appeared to have trouble finding suitable workers, pointing to a tightening labor market that could encourage the Federal Reserve to raise interest rates next month.
The Labor Department's monthly Job Openings and La...