SHANGHAI (Reuters) – German auto maker Daimler AG (DAIGn.DE) plans to build Mercedes Benz-branded heavy trucks in China by revamping truck plants owned by its local joint venture, according to a document seen by Reuters and two sources familiar with the matter. FILE PHOTO: Visitors surround an Actros truck of German truck maker Mercedes-Benz at

WASHINGTON (Reuters) – Japanese Economy Minister Toshimitsu Motegi said on Wednesday there were still gaps that needed to be filled before Tokyo and Washington could agree on a bilateral trade deal and that negotiations with his U.S. counterpart were “very tough.” FILE PHOTO: Japan’s Minister of Economic Revitalization Toshimitsu Motegi speaks during the signing agreement

WASHINGTON (Reuters) – Federal Reserve policymakers were deeply divided over whether to cut interest rates last month but were united in wanting to signal they were not on a preset path to more cuts, a message not likely to sit well with U.S. President Donald Trump. FILE PHOTO: The Federal Reserve Board building on Constitution

(Reuters) – Upscale U.S. retailer Nordstrom Inc (JWN.N) reported a better-than-expected quarterly profit on Wednesday as it said it had cut costs and cleared more inventory, sending its shares up 10% in extended trading. FILE PHOTO: The Nordstrom store is pictured in Broomfield, Colorado, February 23, 2017. REUTERS/Rick Wilking/File Photo The Seattle-based company, which sells

WASHINGTON (Reuters) – U.S. lawmakers on Wednesday urged the U.S. Trade Representative’s Office not to impose new import tariffs on European olive oil, warning they could lead to an olive oil shortage and higher prices in the United States. FILE PHOTO: U.S Congressman Bill Pascrell gestures to the media at the hotel where the seventh

FILE PHOTO: Former FDIC director Sheila Bair testifies before the House Financial Services Committee hearing on “Examining How the Dodd-Frank Act Could Result in More Taxpayer-Funded Bailouts” on Capitol Hill in Washington June 26, 2013. REUTERS/Yuri Gripas (Reuters) – U.S. mortgage financing agency Fannie Mae (FNMA.PK) said on Wednesday it named former Federal Deposit Insurance

MEXICO CITY (Reuters) – Mexican tomato producers struck a last-minute agreement with the Trump administration to avert an anti-dumping investigation and end a tariff dispute that has rumbled on for months, government officials said on Wednesday. FILE PHOTO: Tomatoes are on display for sale at the wholesale market “Central de Abastos” in Mexico City, Mexico

WASHINGTON (Reuters) – Higher trade barriers, including President Donald Trump’s tariffs, are slowing the U.S. economy and cutting household income, congressional budget experts warned on Wednesday, as Trump heads toward a 2020 election showdown with Democrats. FILE PHOTO: Sea gulls sit on a lamppost beside shipping containers stacked at the Paul W. Conley Container Terminal

SEATTLE (Reuters) – Boeing Co said on Tuesday it plans to add extra staff and hire “a few hundred” temporary employees at an airport in Washington state where it is storing many grounded 737 MAX jetliners, a key step in its best-case plan for resuming deliveries to airline customers in October. FILE PHOTO: An aerial

FILE PHOTO: U.S. President Donald Trump rallies with supporters in Manchester, New Hampshire U.S. August 15, 2019. REUTERS/Jonathan Ernst WASHINGTON (Reuters) – U.S. President Donald Trump said on Wednesday his life would be easier if he had not mounted a trade war with China but said “I am the chosen one” to take on Beijing.

MUNICH (Reuters) – Osram (OSRn.DE) is likely on Wednesday to waive an agreement that currently prevents AMS (AMS.S) from making a takeover bid for the German lighting group, paving the way for AMS to take on an offer from private equity investors, sources told Reuters. FILE PHOTO: The headquarters of lamp manufacturer Osram is pictured

FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., August 14, 2019. REUTERS/Eduardo Munoz (Reuters) – U.S. stocks opened higher on Wednesday, as strong results from Lowe’s and Target boosted retailers, while investors awaited minutes from the Federal Reserve’s July policy meeting due later in the

LONDON (Reuters) – European stocks opened higher on Wednesday as hopes for more monetary and fiscal stimulus helped assuage worries about global recession, political turmoil in Italy and endless trade wars. FILE PHOTO: A passerby walks past in front of a stock quotation board outside a brokerage in Tokyo, Japan, May 10, 2019. REUTERS/Issei Kato

FILE PHOTO: An empty shopping cart stands outside a target store during a Black Friday sales event in Westbury, New York, U.S., November 23, 2018. REUTERS/Shannon Stapleton (Reuters) – Target Corp beat Wall Street estimates for quarterly profit and raised its annual forecast on Wednesday, as higher investments to cater to changing shopping habits lifted

SINGAPORE (Reuters) – Noble Group Holdings (Noble Holdings) plans to rebuild its liquefied natural gas (LNG) and core energy businesses and develop rare earths as it seeks new life as a niche, Asia-focused commodity trader, sources aware of the matter said. The company logo of Noble Group is displayed at its office in Hong Kong,

FILE PHOTO: The Microsoft sign is shown on top of the Microsoft Theatre in Los Angeles, California, U.S. October 19,2018. REUTERS/Mike Blake/File Photo OSLO (Reuters) – Norway’s $1.1 trillion sovereign wealth fund, the world’s largest, benefited from a strong finish to the second quarter to post a 3% return on investment, buoyed by U.S. tech