PRESS DIGEST -Wall Street Journal - April 29

Reuters
04-29
PRESS DIGEST -Wall Street Journal - April 29

April 29 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.

- U.S. President Donald Trump is set to ease his automotive tariffs by preventing them from compounding with other duties, such as those on steel and aluminum, and reducing levies on foreign parts used in U.S. car manufacturing.

- A group of banks including Morgan Stanley MS.N, Bank of America BAC.N, Barclays BARC.L and Mitsubishi UFJ sold the final piece of debt tied to Elon Musk's 2022 buyout of Twitter, now called X, selling $1.2 billion in loans at 98 cents on the dollar.

- JPMorgan JPM.N has appointed Alex To, CEO of CDH Investments, as its new vice chair of Asia Pacific, as the U.S. bank expands its presence in the region.

- A telecommunications outage and equipment issues at a Philadelphia air-traffic-control facility caused major delays at Newark Liberty Airport on Monday, disrupting flights nationwide before being resolved in the afternoon, the FAA said.

- China's commerce ministry said it supports normal business ties with U.S. firms and urged Washington to create a stable trade environment, days after Chinese airlines were told to halt Boeing BA.N deliveries.

- Yemen's Houthi rebels said a U.S. airstrike killed at least 68 people at a migrant detention center in Sa'ada province on Monday, one of the deadliest incidents in the six-week U.S. bombing campaign.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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