Breaking business news: U.S. trade gap edges up; deficit with China at 11-month high

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Wednesday, September 6, 2017

U.S. trade gap edges up; deficit with China at 11-month high

WASHINGTON (Reuters) - The U.S. trade deficit increased less than expected in July as both exports and imports fell, suggesting that trade could contribute to economic growth in the third quarter.

U.S. stock futures flat as North Korea tensions, Hurricane Irma weigh

(Reuters) - U.S. stock index futures were little changed on Wednesday as investors curbed their risk appetite due to simmering tensions on the Korean peninsula and concerns that the Category 5 hurricane Irma could hit the United States.

China's Anbang, HNA considered buying insurance group Allianz: sources

HONG KONG (Reuters) - China's Anbang Insurance Group Co Ltd [ANBANG.UL] and HNA Group Co Ltd [HNAIRC.UL] separately considered buying stakes in German insurer Allianz SE as part of plans to create a global financial empire, people with direct knowledge of the matter said.

Oil up after Harvey fallout, but Hurricane Irma heads to Caribbean

SINGAPORE/LONDON (Reuters) - Oil prices rose on Wednesday as strong global refining margins and the reopening of U.S. Gulf Coast refineries provided a more bullish outlook after sharp drops due to Storm Harvey.

Nissan takes EV battle to Tesla with longer-range Leaf

CHIBA, Japan (Reuters) - Nissan Motor Co Ltd launched a revamped Leaf electric vehicle (EV) on Wednesday, going head-to-head with Tesla Inc's Model 3 and hoping to blunt criticism of limited driving ranges undermining EVs' mass-market appeal.

Lower Saxony premier candidate calls for outsider as next VW boss

HANOVER, Germany (Reuters) - Someone from outside the auto industry should succeed Volkswagen chief executive Matthias Mueller, the man expected to lead the German state which is the carmaker's second-biggest shareholder told Reuters on Wednesday.

Airbus says United expands and rejigs A350 plane order

PARIS (Reuters) - United Airlines has ordered 10 extra A350 passengers jets while downgrading its overall order from the largest model, the A350-1000, to the smaller A350-900, Airbus said on Wednesday.

Toshiba board reaches no verdict on new Western Digital chip proposal: sources

TOKYO (Reuters) - Toshiba Corp's board, under pressure to clinch a deal for its prized memory chip unit soon, met on Wednesday to review a revised bid proposed by Western Digital Corp but no agreement was reached, people familiar with matter said.

Kohl's to sell Amazon devices at 10 LA, Chicago stores

(Reuters) - U.S. department store operator Kohl's Corp said on Wednesday it would sell Amazon.com Inc devices at 10 stores in Los Angeles and Chicago starting in October.

BBC launches staff pay review to quell anger over gender gap

LONDON (Reuters) - The BBC is reviewing employee pay after it was forced to reveal that male stars were paid far more than their female counterparts, damaging the British public broadcaster's image and angering women employees.

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