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Trump talks to U.S. automakers, pushes for new American plants

WASHINGTON (Reuters) - U.S. President Donald Trump urged the chief executives of the Big Three U.S. automakers on Tuesday to build more cars in the country, pressing his pledge to bring jobs to America and discourage the car industry from investing in Mexico. Read More

 

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Economic News

  • Trump talks to U.S. automakers, pushes for new American plants

    WASHINGTON (Reuters) - U.S. President Donald Trump urged the chief executives of the Big Three U.S. automakers on Tuesday to build more cars in the country, pressing his pledge to bring jobs to America and discourage the car industry from investing in Mexico.

  • U.S. home sales drop as supply tumbles to 17-year low

    WASHINGTON (Reuters) - U.S. home resales fell more than expected in December as the supply of houses on the market dropped to levels last seen in 1999, but the housing market recovery remained intact against the backdrop of a tightening labor market.

  • Trump signs executive orders on manufacturing, infrastructure

    WASHINGTON (Reuters) - U.S. President Donald Trump on Tuesday signed an executive order directing that the permitting process and regulatory burden for domestic manufacturers should be streamlined to reduce what he called "the incredibly cumbersome, long, horrible" process.

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Money News

  • BlackRock to ask if companies spend cash from tax holiday on growth

    (Reuters) - BlackRock Inc will scrutinize how companies plan to use the cash they bring back to the United States as part of a tax holiday backed by U.S. President Donald Trump, CEO Larry Fink said in a letter distributed on Tuesday.

  • Citi to make decision on Brexit plans in first half: Europe chief

    DUBLIN (Reuters) - U.S. bank Citigroup will make a decision on its Brexit contingency plans in the first half of the year and choose from a number of potential EU counties to relocate some investment banking business, the bank's European chief said on Tuesday.

  • U.S. Libor falls by most since September

    (Reuters) - The rate banks charge each other to borrow dollars for three months fell by the most in nearly four months on Tuesday, following a broad pullback in benchmark bond yields the day before on worry over U.S. President Donald Trump's tough stance on trade.

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