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China’s market regulator fines Luxshare for Wingtech deal violation

BEIJING, May 27 (Reuters) - China's market regulator has fined Luxshare Precision Industry 900,000 yuan ($133,000) for unlawful implementation of acquisition of some business of Wingtech Technology, it said in a statement on Wednesday. • The State Administration for Market Regulation said Luxshare, a key ...
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AkzoNobel rejects takeover offer from Nippon Paint, Sherwin-Williams

By Dimitri Rhodes May 27 (Reuters) - Dulux paint maker AkzoNobel has rejected a cash takeover offer of €73 ($85) per share from rivals Nippon Paint and Sherwin-Williams, the Dutch company said on Wednesday, sending its shares 16% higher. The offer price represented a premium ...
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Iran war splits global markets into clear winners and losers

LONDON, May 27 (Reuters) - Three months since the Iran war began, persistently high oil prices have policymakers grappling with renewed inflation fears, while sliding currencies are a headache for some Asian countries. But the conflict has boosted other assets, especially oil, and the dollar's ...
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EU governments clear US trade deal legislation

By Philip Blenkinsop BRUSSELS, May 27 (Reuters) - European Union governments cleared legislation on Wednesday to remove import duties on many U.S. goods, an EU source with knowledge of their meeting said, a move that should avert President Donald Trump's threat of higher tariffs on ...
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Global heritage group offers to work with Peru’s government on improving conditions at Machu Picchu

LIMA, Peru (AP) - A global heritage foundation that works to improve conditions at famous archaeological sites offered on Tuesday to work with Peruvian authorities on the famed Machu Picchu, where tourists often face hours of lines, overcrowding and unreliable local transport. The announcement by ...
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Japan’s Nikkei to set record 69,000 in 2027 as blistering rally outpaces peers: Reuters poll

By Kevin Buckland TOKYO, May 27 (Reuters) - AI exuberance and robust earnings will continue to power Japan's Nikkei to record highs, even as its blistering rally makes it hard for forecasters to keep up, analysts said in a Reuters poll. The median forecast in a ...
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BUSINESS HEADLINES

As US stock market hits new highs, 2 of 3 Americans are cutting back on spending, survey shows WASHINGTON (AP) - U.S. consumer confidence declined slightly this month as gas prices stayed high and inflation remained elevated, a sharp contrast to soaring stock prices that ...
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Puerto Rico’s development agency chief resigns after claiming government interference

SAN JUAN, Puerto Rico (AP) - The head of Puerto Rico 's key economic development agency announced his resignation on Tuesday as he criticized the U.S. territory's administration of Jenniffer González, accusing it of interfering in the department's work. The departure of Sebastián Negrón Reichard ...
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NASA lays out moon base plans with landers, buggies and drones at the top of the list

CAPE CANAVERAL, Fla. (AP) - NASA is already ordering landers, rovers and drones for a sprawling moon base, less than two months after the Artemis II's record-breaking lunar flyaround. The space agency outlined the first phase of its moon base plans on Tuesday, awarding ...
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US plans tariffs on USMCA countries, has issues with Canada

WASHINGTON/MEXICO CITY, May 26 (Reuters) - The Trump administration's top trade official said on Tuesday that the U.S. plans tariffs on its North American free trade partners and has significant trade issues with Canada. "We're going to have tariffs as long as we have a ...
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Uber, Lyft drivers in Massachusetts form first US ride-share union

By Nate Raymond BOSTON, May 26 (Reuters) - Ride-share drivers for app-based companies such as Uber and Lyft have unionized in Massachusetts, forming what state officials and labor leaders said was the first officially recognized organization in the U.S. to represent such gig workers. The newly ...
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Japan set to start trade talks with Mercosur, Nikkei reports

May 26 (Reuters) - Japan is set to begin talks with South American trade bloc Mercosur on an economic partnership to seek alternative oil sources, critical minerals and lower auto tariffs, the Nikkei newspaper reported on Tuesday. Japan also plans to wrap up talks with ...
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