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Pacific rim leaders eye China lead on trade after Trump win

By Rosalba O'Brien and Teresa Cespedes LIMA (Reuters) – Leaders of Pacific rim nations gathered in Peru on Friday, looking to China to salvage hopes for regional trade as prospects of a Donald Trump presidency in the United States sounded a possible death knell for the Trans-Pacific Partnership (TPP) free trade pact. Discussions between the 21 members of the Asia…

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Pacific rim leaders eye China lead on trade after Trump win

Can Trump make coal great again? At least some companies think so

By Timothy Gardner WASHINGTON (Reuters) – Most of the U.S. coal industry doubts Donald Trump can fulfill his promise to make the ailing industry great again in a country awash in dirt-cheap natural gas, a competing fuel. “This is the best news that Appalachia as a whole has had in about 10 years,” said Jason Bostic…

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Can Trump make coal great again? At least some companies think so

U.S. regulator reverses course, tightens controls on Wells Fargo after scandal

By Patrick Rucker WASHINGTON (Reuters) – A leading U.S. bank regulator on Friday reversed course and revoked Wells Fargo & Co's right to shield the pay of former executives after a phony-

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U.S. regulator reverses course, tightens controls on Wells Fargo after scandal

Volkswagen to cut 30,000 jobs

By Andreas Cremer and Jan Schwartz WOLFSBURG, Germany (Reuters) – Volkswagen and its labor unions agreed to cut 30,000 jobs at the core VW brand in exchange for a commitment to avoid forced redundancies in Germany until 2025, a compromise which leaves the carmaker's profitability still lagging rivals. …

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Volkswagen to cut 30,000 jobs

Under pressure on U.S. jobs, Ford tries new gambit with Trump

Ford Motor Co , one of Donald Trump's prime corporate targets on the campaign trail, offered the President-elect a chance to claim a victory late on Thursday by informing him it would not shift production of a Lincoln sport utility vehicle to Mexico from Kentucky. Trump jumped at the chance, claiming in…

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Under pressure on U.S. jobs, Ford tries new gambit with Trump

U.S. manufacturing sector stabilizing; producer prices tame

U.S. manufacturing output increased for a second straight month in October amid gains in the production of motor vehicles and a range of other goods, suggesting that the battered factory sector was slowly recovering. The Federal Reserve said factory production rose 0.2 percent last month after a similar gain in September. Output

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U.S. manufacturing sector stabilizing; producer prices tame

Thai CPF to buy U.S. frozen-food firm Bellisio in $1.08 billion deal

BANGKOK (Reuters) – Thailand's Charoen Pokphand Foods Pcl (CPF) said it will acquire U.S. frozen-food producer Bellisio Parent LLC for $1.075 billion, paving the way for an entry into the world's

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Thai CPF to buy U.S. frozen-food firm Bellisio in $1.08 billion deal

Swire Pacific in talks to buy Coca-Cola bottling assets in China: Bloomberg

(Reuters) – Hong Kong conglomerate Swire Pacific Ltd is in talks to buy Coca-Cola Co's bottling assets in China from Cofco Corp's [CNCOF.UL] China Foods Ltd unit, Bloomberg reported. A potential deal could value the business at about $1 billion and the companies could announce a deal as soon as this week, Bloomberg said, citing people familiar with the matter. Swire…

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Swire Pacific in talks to buy Coca-Cola bottling assets in China: Bloomberg

Foreign banks shaken by Malaysia’s move to halt currency slide

By Saikat Chatterjee and Praveen Menon HONG KONG/KUALA LUMPUR (Reuters) – Foreign banks in Malaysia on Thursday were trying to work out how to comply with the central bank's clamp-down…

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Foreign banks shaken by Malaysia’s move to halt currency slide

Uber says Taiwan’s steps against it hurting citizens

By J.R. Wu TAIPEI (Reuters) – Uber Technologies Inc [UBER.UL] urged Taiwan President Tsai Ing-wen to let the island's people decide whether they want Uber services in Taiwan, the latest salvo in the wrangle between the authorities there and the global ride-hailing service company. Uber's comments were made in…

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Uber says Taiwan’s steps against it hurting citizens

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