Business

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
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(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
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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
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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
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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
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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
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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
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