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China shares were subdued on Thursday, though investors took cues from state media reports to dump online gaming companies, fertilizer producers and spirit makers as they worried these sectors could be the next target of a government crackdown. ....
By Reuters Staff 1 Min Read FILE PHOTO: Campari CEO Bob Kunze-Concewitz poses during a photo call of The Legend of Red Hand short movie in Milan, Italy, January 30, 2018. REUTERS/Massimo Pinca ROME (Reuters) - Italian drinks group Campari targets premium brands and is focused on the United States and Asia as it presses on with its acquisition strategy, its chief executive was quoted as saying on Monday. “Yes . Campari has built a structure capable of managing revenues that are higher than our current ones,” CEO Bob Kunze-Concewitz told La Stampa daily in an interview, when asked whether the group would continue with M&A deals. ....
By Reuters Staff 3 Min Read WASHINGTON (Reuters) -Some 50 members of Congress on Monday urged U.S. Trade Representative Katherine Tai to seek removal of 25% tariffs on American Whiskey imposed by the European Union and Britain in retaliation for U.S. tariffs on steel and aluminum. FILE PHOTO: Katherine Tai, who at the time was U.S. President-elect Joe Biden s nominee to be U.S. trade representative, speaks after Biden announced her nomination during a fresh round of nominations and appointments at a news conference at his transition headquarters in Wilmington, Delaware, U.S., December 11, 2020. REUTERS/Mike Segar The bipartisan group of House of Representatives members, led by Democrat John Yarmuth and Republican Andy Barr, both of Kentucky, warned that these tariffs, first imposed in June 2018 and scheduled to double to 50% on June 1, are damaging an American export success story. ....
By Reuters Staff 1 Min Read FILE PHOTO: A sticker reads crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, U.S. November 22, 2019. REUTERS/Angus Mordant NEW YORK (Reuters) - U.S. crude oil stocks rose and gasoline inventories fell in the most recent week, according to trading sources citing data from industry group the American Petroleum Institute. Crude inventories swelled by 3.9 million barrels in the week to March 26, compared with analysts’ expectations in a Reuters’ poll for a build of about 100,000 barrels, sources said. Gasoline stocks fell by 6 million barrels, compared with expectations for a rise of 700,000 barrels. ....