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EU to respond to any U.S. auto tariff move: report

PARIS The European Union will respond to any U.S. move to raise tariffs on cars made in the bloc, a senior European Commission official said, the latest comments in an escalating trade row.

Recent Business News

Wall Street Week Ahead: Supercharged telecom sector could become investor favorite

SAN FRANCISCO An overhauled telecommunications sector featuring most of the so-called FANG stocks could debut as Wall Street's hottest bet when it kicks off in September, boosted by a rising wave of media and television acquisitions.

Jun 22 2018

OPEC agrees modest hike in oil supply after Saudi and Iran compromise

VIENNA OPEC agreed on Friday on a modest increase in oil production from next month after its leader Saudi Arabia persuaded arch-rival Iran to cooperate, following calls from major consumers to curb rising fuel costs. | Video

Jun 22 2018

Bombardier, Toronto union reach agreement ahead of strike deadline

MONTREAL Canadian workers who assemble Bombardier Inc's turboprops and the company's new top-of-the-line business jet on Saturday reached a tentative agreement with the company just hours ahead of a strike deadline, the union said.

11:05am EDT

South Korean steelmaker POSCO names head of Posco Chemtech as candidate for next leader

SEOUL South Korean steelmaker POSCO on Saturday selected Choi Jeong-woo, the head of affiliate Posco ChemTech, as its final candidate to lead the company.

4:03am EDT

Big Oil eyes U.S. minority groups to build offshore drilling support

WASHINGTON The largest U.S. oil and gas lobby group is seeking to convince Hispanic and black communities to support the Trump administration's proposed expansion of offshore drilling, arguing it would create high paying jobs, including for storm-displaced Puerto Ricans.

Jun 22 2018

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