US News Headlines
Dollar retreats from three-week high as attention shifts to Fed
LONDON (Reuters) - The dollar retreated from three-week highs on Wednesday as traders took some profits before the Federal Reserve's first expected rate rise of 2018 and focused on whether it will indicate three or four increases are likely this year.
UPDATE 1-Goldman Sachs, Wellcome Trust in joint bid for Network Rail's commercial property estate
LONDON, March 21 (Reuters) - Goldman Sachs and the Wellcome Trust charity have made a joint bid to buy the commercial property portfolio of Britain's Network Rail , a spokeswoman for the Wellcome Trust said.
GRAPHIC-Designed in California, made in China: how the iPhone skews U.S. trade deficit
SHANGHAI, March 21 (Reuters) - U.S. President Donald Trump often tweets from his iPhone about pressuring China to address its $375 billion trade surplus with the United States. But a closer look at the Apple smartphone reveals how the headline figure is distorted.
BRIEF-China Is Said To Plan Countermeasures Against U.S. Tariffs - WSJ
March 21 (Reuters) -
EU proposes online turnover tax for big tech firms
BRUSSELS (Reuters) - The European Commission proposed rules on Wednesday to make digital companies pay their fair share of tax, with U.S. tech giants such as Google
and Amazon set to foot a large chunk of the bill.
General Mills cuts profit forecast as freight, commodity costs weigh
(Reuters) - Cheerios cereal maker General Mills Inc
cut its yearly earnings forecast, citing a sharp increase in freight and commodity costs, driving its shares down 6 percent in premarket trading on Wednesday.
Formerly detained Saudi businessmen Alwaleed and Alhokair in talks for loans
DUBAI (Reuters) - Two businessmen formerly detained a part of Saudi Arabia's anti-corruption campaign are now in talks with banks for loans for their firms in excess of $3 billion, sources said, suggesting that bank markets are open again for those who have reached financial settlements with the government.
Goldman Sachs, Wellcome Trust jointly bid for Network Rail's commercial property estate
LONDON (Reuters) - Goldman Sachs and the Wellcome Trust have jointly bid to buy the commercial property estate of Britain's Network Rail, a spokeswoman for the Wellcome Trust said on Wednesday.
In India, digital gold sellers hope trickle will become a rush
(Reuters) - A digital revolution is reshaping India's $34 billion gold market, with smartphones, e-wallets and flexible investment schemes drawing new buyers into a business dominated by traditional, face-to-face transactions.
Turkey says reached understanding with U.S. on Syria's Manbij
ANKARA, March 21 (Reuters) - Turkey and the United States have reached "an understanding, not an agreement" over the northern Syrian town of Manbij, Turkish Foreign Minister Mevlut Cavusoglu said on Wednesday.
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