US Business

Wall St Week Ahead-With market on edge, investors look to tech trio

15h00 The pressure is on for Amazon, Alphabet and Microsoft as they prepare to report quarterly results at a time when confidence in those market leaders looks increasingly fragile and in danger of derailing Wall Street's. . .  Full story

Top German politicians press Siemens boss to skip Saudi conference

13h37 Siemens boss Joe Kaeser came under pressure from senior German politicians on Sunday to pull out of an investment conference in Saudi Arabia next week following Saudi journalist Jamal Khashoggi's death.. . .  Full story

MOVES-Goldman Sachs changing Asia investment banking leadership - source

13h10 Goldman Sachs Group Inc's veteran banker Todd Leland will become Asia investment banking head, a person with knowledge of the matter said on Sunday, adding to leadership changes at the bank since Chief Executive Officer. . .  Full story

U.S.'s Mnuchin says premature to comment on sanctions against Saudi Arabia

13h06 U.S. Treasury Secretary Steven Mnuchin said on Sunday it was premature to comment on possible U.S. sanctions against Saudi Arabia for the death of Saudi journalist Jamal Khashoggi until an investigation into what happened had. . .  Full story

U.S. Treasury's Mnuchin hails Israel investment opportunities, eyes infrastructure

10h56 U.S. Treasury Secretary Steven Mnuchin praised investment opportunities in Israel on Sunday and said Washington would increase its participation in infrastructure projects there.. . .  Full story

Germany's Scholz wants global tax floor to stop evasion

00h00 Germany's Finance Minister Olaf Scholz has proposed a global minimum rate of corporation tax coupled with tougher measures to prevent tax evaders from stashing their profits in tax havens, newspaper Welt am Sonntag reported.. . .  Full story

CrowdStrike hires Goldman Sachs to lead IPO -sources

20/10 Cybersecurity software maker CrowdStrike Inc has hired investment bank Goldman Sachs Group to prepare for an initial public offering that could come in the first half of next year, people familiar with the matter said. . .  Full story

Trump backs water projects in U.S. West as election nears

19/10 President Donald Trump on Friday threw his support behind speeding up water projects for agriculture and hydropower in the arid U.S. West, a move aimed to help build support for Republicans in tight congressional races. . .  Full story

U.S. CMS says 75,000 individuals' files accessed in data breach

19/10 The U.S. Centers for Medicare & Medicaid Services (CMS) said on Friday it was responding to a data breach that exposed the files of about 75,000 individuals.. . .  Full story

Lotto fever grips U.S. as Mega Millions jackpot hits $1 billion

19/10 Lotto fever was running high on Friday as the U.S. Mega Millions lottery jackpot soared to a record $1 billion, hours before the drawing for what is also the second-largest lottery prize in U.S.. . .  Full story

S&P falls on interest rate, trade concerns; P&G lifts Dow

19/10 The U.S. benchmark S&P 500 stock index edged lower on Friday as strong earnings from Procter & Gamble Co were offset by ongoing concerns about rising interest rates and tensions over trade policy denting economic. . .  Full story

Soybeans hit one-week low on export woes; corn also eases

19/10 U.S. soybean futures fell to a one-week low on Friday and recorded a second straight weekly decline, pressured by fresh cancellations of U.S. soybean sales, traders said. Corn futures fell for. . .  Full story

Frustrated GM investors ask what more CEO Barra can do

19/10 General Motors Co Chief Executive Mary Barra has transformed the No. 1 U.S. automaker in her almost five years in charge, but that is still not enough to satisfy investors.. . .  Full story

U.S. yields rise as hopes for Italy pare safety bids

19/10 U.S. Treasury yields rose on Friday, with the 10-year yield hovering near a one-week high as traders pared safe-haven bond positions stemming from hopes for reduced tension between Italy and the European Commission over the. . .  Full story

U.S. extends deadline for investors to divest holdings in Russia's Gaz

19/10 The U.S. Treasury said on Friday it was extending a deadline for investors to divest certain operations, debt and equity of sanctioned Russian company Gaz Group until Dec. 12.. . .  Full story

Fed monitoring Khashoggi case, potential oil market impact -Bostic

19/10 U.S. Federal Reserve officials are monitoring the case of missing Saudi journalist Jamal Khashoggi and the possibility that any sanctions against Saudi Arabia could disrupt oil markets, Atlanta Fed President Raphael Bostic said on Friday.. . .  Full story

U.S. rig count rises to highest since March 2015 -Baker Hughes

19/10 U.S. drillers added oil rigs for a second week in a row this week, raising the rig count to the highest level since March 2015.. . .  Full story

Cambodia talks fail to end trade sanction threat, EU says

19/10 Cambodia failed on Friday to allay criticisms of authoritarianism and rights abuses that threaten the country's duty-free trading access to the European Union, the EU's top diplomat said after talks with its premier.. . .  Full story

Canada trims budget deficit, ups debt-to-GDP figures for 2017/18

19/10 Canada's finance ministry on Friday released final figures for the 2017/18 fiscal year and said the budget deficit was slightly smaller than initially forecast, while the debt-to-GDP ratio had edged up.. . .  Full story

Kansas City Southern profit soars, trade worry eases; shares climb

19/10 Railroad operator Kansas City Southern's quarterly profit jumped 34 percent, even after network congestion crimped operations in Mexico, where it has extensive services.. . .  Full story

EU clear to start talks to increase U.S. beef imports

19/10 European Union countries agreed on Friday to allow negotiations to start with Washington on increasing U.S. beef imports into Europe, in a move that could ease transatlantic trade tensions.. . .  Full story

State Street sees flat fourth-qtr servicing fee, shares fall 10 pct

19/10 Custodian bank State Street Corp said on Friday it expects fourth-quarter servicing fee revenue - its main earnings driver - to remain flat compared with the third quarter, sending its shares down 10 percent.. . .  Full story

Schlumberger reports slight profit beat, warns of sluggish U.S. growth

19/10 Schlumberger NV, the world's largest oilfield services provider, reported a slight profit beat on Friday but cautioned that North American growth would slow due to transportation bottlenecks and hurt results next quarter.. . .  Full story

SolarWinds shares rise 3.2 pct in downsized market debut

19/10 SolarWinds Corp's shares rose as much as 3.2 percent in their downsized U.S. market debut on Friday, giving the enterprise software maker a market value of about $4.80 billion.. . .  Full story

Main stock index higher after inflation data

19/10 Canada's main stock index rose on Friday after data showed annual inflation rate dipped as price pressures from gas and air travel eased.. . .  Full story

U.S. existing home sales fall for sixth straight month

19/10 U.S. home sales fell in September by the most in over two years as the housing market continued to struggle despite strength across the broader economy.. . .  Full story

Honeywell says tariff-related costs to weigh on margins in 2019

19/10 Honeywell International Inc said on Friday costs related to trade tariffs could put pressure on margins in 2019.. . .  Full story

Low U.S. gas market stocks tempered by mild El Niño forecast: Kemp

19/10 U.S. natural gas stocks are going into winter at the lowest level for fifteen years despite a slightly faster rate of injections into storage over the summer than in 2016 or 2017.. . .  Full story

Clash over Trump tariffs heats up with barrage of WTO litigation

19/10 Disputes over U.S. tariffs and retaliatory moves by other states have sparked 12 requests for adjudication at the World Trade Organization, signalling an escalation in global trade tensions.. . .  Full story

Germany looking to coordinate global minimum corporate tax

19/10 German Finance Minister Olaf Scholz is working with international counterparts on a global minimum corporate tax, a ministry spokesman said on Friday, as governments look to prevent companies from shopping around for tax havens.. . .  Full story

German banks report sharp fall in Iran exports amid new US sanctions

19/10 German exports to Iran have dwindled since the United States pulled out of the international nuclear deal with Tehran, data showed on Friday, despite Berlin's attempts to shield companies from renewed U.S. sanctions against Tehran.. . .  Full story

U.S. private equity-owned Coronado cuts IPO size, raises about $550 mln - sources

19/10 U.S. private equity firm Energy and Minerals Group (EMG) has cut the size of the Australian IPO of its coal miner Coronado Global Resources and priced it at the bottom of the offered range,. . .  Full story

No room at the inn: Central Europe student housing crunch attracts investors

19/10 Wroclaw's hulking Soviet-era public dormitories held little appeal for Odysseas Savvas when he moved to the Polish city from Greece to study business at university. Instead, he opted for his own room and bathroom in. . .  Full story

China moves to lift confidence as economic growth hits weakest pace since 2009

19/10 China's economic growth cooled to its weakest quarterly pace since the global financial crisis, with regulators moving quickly to calm nervous investors as a years-long campaign to tackle debt risks and the trade. . .  Full story

Melco delays Philippine tender offer, cancels delisting amid minority investor feud

19/10 Melco Resorts & Entertainment Ltd on Friday postponed a tender offer for its Philippine casino subsidiary for a second time and withdrew its application to delist the unit, amid minority shareholder opposition to the proposed. . .  Full story

Skanska books more writedowns in U.S., sending profit, shares lower

19/10 Shares in Swedish builder Skanska fell sharply on Friday after the company revealed a new writedown in its troubled U.S. operations which hit third-quarter earnings.. . .  Full story

Europe, Asia show commitment to free trade - Merkel

19/10 German Chancellor Angela Merkel said on Friday that an Asia-Europe summit in Brussels showed that some two-thirds of the world was committed to multilateralism and recognised the benefits of free trade.. . .  Full story

China has ample soybean supplies, big price moves unlikely - ag ministry

19/10 China has ample supplies of soybeans and significant price fluctuations are unlikely, a senior agriculture ministry official said on Friday.. . .  Full story

Asia air cargo market gets e-commerce boost as trade war yet to bite

19/10 Strong e-commerce demand is fuelling Asia's air freight market, with the U.S.-China trade war having minimal negative impact so far and in some cases even boosting shipments, industry executives said on Friday.. . .  Full story

U.S. asks for WTO panel over metals tariff retaliation

19/10 The United States is requesting that a World Trade Organization dispute resolution panel get involved in a clash over international retaliation over U.S. tariffs on steel and aluminium, according to a U.S. official familiar with. . .  Full story

COLUMN-Oil prices ease as supply outlook improves: Kemp

19/10 Oil prices and calendar spreads have softened significantly this month as traders became more confident about the availability of supplies towards the end of the year and into early 2019.. . .  Full story

DowDuPont to take $4.6 bln charge in agriculture unit

19/10 DowDuPont Inc said on Thursday it would write down the value of its agriculture business by $4.6 billion when it reports third-quarter results, as global seed makers face shifts in demand linked to the. . .  Full story

U.S. economic policy toward China to get tougher, say economists

19/10 U.S. trade policy towards China over the next few years will become more confrontational, according to a majority of economists in a Reuters poll who remain convinced U.S. growth has peaked and will slow substantially. . .  Full story

U.S. fund investors pull most cash since June from stocks -Lipper

19/10 Investors slammed U.S.-based stock funds during the latest week, pulling $17.5 billion, the most cash from such investments since June, according to Lipper data on Thursday. The withdrawals came during a. . .  Full story

Mexican firms to pay $3 mln reparations over Venezuela food aid program

19/10 A group of companies and individuals have agreed to pay $3 million in reparations to the United Nations Refugee Agency to settle allegations by Mexico of overcharging for basic food-aid packages distributed by the Venezuelan. . .  Full story

China asks WTO to set up panel to discuss U.S. steel, aluminium measures

19/10 China has filed a request with the World Trade Organisation to establish an expert group to determine the legality of tariffs imposed by the United States on imports of steel and aluminium, the Ministry. . .  Full story

Goldman Sachs joins growing band of businesses snubbing Saudi conference

18/10 Goldman Sachs Group Inc on Thursday joined the growing list of high-profile businesses snubbing a Saudi investment conference next week amid mounting pressure on Riyad over the disappearance of journalist Jamal Khashoggi.. . .  Full story

PayPal quarterly profit beats estimates, shares rise

18/10 PayPal Holdings Inc on Thursday reported a third-quarter profit that beat analysts' estimates as the company signed up more new customers and volume of payments processed rose.. . .  Full story

DowDuPont shares fall on expected $4.6 bln charge

18/10 DowDuPont Inc said it will record a $4.6 billion impairment charge related to goodwill and other assets of its agriculture reporting unit, sending its shares down 6 percent in extended trading on Thursday.. . .  Full story

AIG sees third-quarter catastrophe losses of $1.5 bln-$1.7 bln

18/10 Insurer American International Group Inc said on Thursday it expects third-quarter pre-tax catastrophe losses, net of reinsurance, of between $1.5 billion and $1.7 billion.. . .  Full story

AmEx tops profit estimates on higher consumer spending

18/10 American Express Co topped Wall Street estimates for third-quarter profit on Thursday and lifted its yearly earnings forecast, as a strengthening U.S. economy powered higher credit card spending.. . .  Full story

Wall St slides as Saudi Arabia, Italy add to economic concerns

18/10 U.S. stocks fell more than 1 percent on Thursday as the European Commission issued a warning regarding Italy's budget and concerns mounted over the possibility of strained relations between the United States and Saudi Arabia,. . .  Full story

Goldman Sachs sees 5 more Fed rate hikes through end of 2019

18/10 Goldman Sachs economists on Thursday said the firm remained "comfortable" with its call for five more interest rate hikes — two more than priced in financial markets — through the end of 2019.. . .  Full story

U.S. yields fall as stock losses offset rate-hike worries

18/10 U.S. Treasury yields slipped on Thursday as safe-haven demand fueled by more losses on Wall Street mitigated selling tied to worries about further interest rate increases from the Federal Reserve. Jitters. . .  Full story

Skanska books charges in U.S. totaling $143.8 mln

18/10 Swedish builder Skanska said on Thursday it booked charges of 1.3 billion crowns ($143.81 million) in the third quarter relating to construction projects in the United States and its exit from the power sector. . .  Full story

U.S. blocks pork from Poland over African swine fever

18/10 The United States suspended imports of pork from Poland on Thursday over an outbreak of the highly contagious hog disease African swine fever in that country.. . .  Full story

Textron blames Arctic Cat buy for profit miss, shares fall 11 pct

18/10 Textron Inc posted a lower-than-expected quarterly profit on Thursday due to lingering problems at its industrial products unit that houses its recently acquired Arctic Cat all-terrain vehicle business, sending its shares down 11 percent.. . .  Full story

Campbell Soup CEO sees no room for concessions to Third Point

18/10 Campbell Soup Co interim Chief Executive Keith McLoughlin does not believe that there are any concessions to be made in an ongoing proxy fight with hedge fund Third Point LLC, he told Reuters on. . .  Full story

Fed's Quarles eyes more dovish rate path, U.S. productivity boost

18/10 The Federal Reserve should continue with its gradual rate hikes but must be prepared to slow the tightening if U.S. productivity breaks out of a several-year lull, as it may be poised to do,. . .  Full story

Nucor profit miss, steel market oversupply worries dent shares

18/10 Nucor Corp posted a quarterly profit short of analysts' forecasts on Thursday and investor concerns that the U.S. steel market may be grappling with oversupply, undermining President Donald Trump's tariffs on imported steel, sent the. . .  Full story

EU cultivates Asian leaders on trade, climate in message to Trump

18/10 The European Union sought Asian support for free trade, the Iran nuclear deal and fighting global warming at a regional summit on Thursday that included China, Japan and Russia as a counterbalance to a. . .  Full story

U.S. midterms a mere blip on equity options traders' radar

18/10 Less than a month before the U.S. congressional elections, data suggests equity options traders do not view the election as a big catalyst for setting the direction of U.S. stock market in the immediate. . .  Full story

Fed's current policy path would boost recession risk -Bullard

18/10 The Federal Reserve's current monetary policy path would raise the risks of recession in an economy where recent, unexpectedly strong growth may start to taper anyway, St. Louis Fed President James Bullard said on Thursday.. . .  Full story

Square introduces new payment terminal for small businesses

18/10 Square Inc, the company led by Twitter Inc Chief Executive Jack Dorsey, on Thursday launched a payment terminal for small business clients, expanding its suite of hardware products.. . .  Full story

Travelers braces for Hurricane Michael losses as 3rd-qtr profit doubles

18/10 Travelers Corp is girding for "significant" losses from Hurricane Michael, which caused destruction in Florida and six other U.S. states this month, Chief Financial Officer Daniel Frey said on Thursday.. . .  Full story

Rising U.S. shale exports turn WTI into 24-hour benchmark -CME

18/10 Rising U.S. crude oil exports to Europe and Asia have had a knock-on effect in the futures market, turning the U.S. West Texas Intermediate contract into a near-24 hour benchmark, exchange operator CME Group. . .  Full story

U.S. weekly jobless claims data bolsters labor market outlook

18/10 New applications for U.S. unemployment benefits dropped last week and the number of Americans on jobless rolls fell back to levels last seen in 1973, suggesting a further tightening in labor market conditions.. . .  Full story

Iran, Turkey cloud outlook for seed maker Vilmorin

18/10 U.S. sanctions against Iran and a slide in Turkey's currency are contributing to an uncertain short-term outlook for seed maker Vilmorin as it seeks to recover from a disappointing past year, the French company. . .  Full story

Fed plans would put rates 'quite a way' into restrictive area -Bullard

18/10 The Federal Reserve's current monetary policy outlook would move interest rates "quite a way" into restrictive territory, slowing the economy and raising the risk of recession, St. Louis Fed President James Bullard said on Thursday.. . .  Full story

Energy shares pull main index lower

18/10 Canada's main stock index fell on Thursday as energy shares took a hit from a second day of decline in oil prices.. . .  Full story

Oil prices ease as supply outlook improves: Kemp

18/10 Oil prices and calendar spreads have softened significantly this month as traders became more confident about the availability of supplies towards the end of the year and into early 2019.. . .  Full story

Trump has named 'standard, traditional' thinkers to Fed -Bullard

18/10 U.S. President Donald Trump has appointed "standard, traditional" central bankers to the Federal Reserve despite being harshly critical of its monetary policy, St. Louis Fed President James Bullard said on Thursday.. . .  Full story

ABB explores options to sell Power Grids business - sources

18/10 ABB is exploring a sale of its Power Grids business, people familiar with the matter told Reuters, representing a U-turn by Chief Executive Ulrich Spiesshofer who defied activist shareholders to keep the unit two years. . .  Full story

COLUMN-U.S. energy exports to China plummet as Trump trade war bites: Russell

18/10 It's probably not the kind of success U.S. President Donald Trump had in mind, but his trade dispute with China has effectively killed off the burgeoning energy trade between the world's two biggest economies.. . .  Full story

Profit warning sends HeidelbergCement shares tumbling 10 pct

18/10 HeidelbergCement, the world's second-largest cement maker, trimmed its profit guidance for 2018 on Thursday, sending its shares down as much as 10 percent to a near four-year low.. . .  Full story

Oil output from Saudi, Kuwait shared zone on hold as relations sour

18/10 Saudi Arabia and Kuwait will struggle to resume oil production from jointly operated fields any time soon due to operational differences and souring political ties between the previously close Gulf OPEC allies, sources familiar with. . .  Full story

-Mexico IPO woes grow after Mifel pulls listing

18/10 Mexico's Grupo Financiero Mifel has postponed an initial public offering the bank had hoped to close on Wednesday, according to its announcement to the stock market, a decision first reported by Reuters.. . .  Full story

A water fight in Chile's Atacama raises questions over lithium mining

18/10 Earlier this year, the world's two biggest lithium producers publicly celebrated new deals with Chile's government that will allow them to vastly increase output of the ultralight battery metal from the Atacama, the world's driest. . .  Full story

CORRECTED-(OFFICIAL)--Exxon Mobil signs framework agreement on LNG supply with Zhejiang Energy

18/10 Exxon Mobil Corp has signed a framework agreement to supply liquefied natural gas to Zhejiang Provincial Energy Group, a senior executive said on Thursday, marking Zhejiang Energy's first long-term supply deal. The company said in. . .  Full story

Poland's PGNiG to buy stake in Norwegian gas field from Equinor

18/10 State-run Polish gas firm PGNiG has agreed to buy Equinor's 42.38 percent stake in the Tommeliten Alpha gas and condensate field in Norway for $220 million, as part of its plan to diversify supplies, PGNiG. . .  Full story

Japan's firms fret over potential hit from trade woes, BOJ warns

18/10 Many Japanese companies have avoided a direct hit from escalating trade frictions so far, but they increasingly worry their business will be impacted, central bank officials said on Thursday.. . .  Full story

Democratic victory in November would put Trump under microscope

18/10 If Democrats win control of the U.S. House of Representatives or Senate next month, nearly every aspect of Donald Trump's presidency could face swift examination – from his long-elusive tax returns to possible business ties. . .  Full story

How U.S. Democrats hope to obtain Trump's tax returns

18/10 The U.S. Congress could request President Donald Trump's tax returns under a seldom-used 1924 law, which Democrats say they plan to invoke promptly if they win control of the House of Representatives or the. . .  Full story

Novartis pushes deeper into nuclear medicine with $2.1 bln deal

18/10 Novartis is paying $2.1 billion for nuclear medicine specialist Endocyte in Chief Executive Vas Narasimhan's latest deal to reshape the Swiss drugs group from a pillmaker to a producer of sophisticated therapies.. . .  Full story

France's OVH to triple spending to take on Google, Amazon in cloud computing

18/10 French cloud computing company OVH plans to triple investment in the coming years to take on U.S. Internet giants Amazon and Alphabet's Google in this fast-growing sector.. . .  Full story

Mideast ride-hailing app Careem raises $200 mln to expand, expects more funds

18/10 Middle East ride-hailing company Careem said on Thursday it had secured $200 million in fresh funding from existing investors and that it expects to raise more to finance expansion plans.. . .  Full story

Linde-Praxair merger set to win U.S. FTC clearance - Manager Magazin

18/10 Industrial gases group Praxair and Linde are set to win U.S. antitrust approval for their planned $86 billion merger, clearing the last major hurdle for the deal, German monthly Manager Magazin reported.. . .  Full story

Thousands of Seoul taxi-drivers rally against plans for carpool service

18/10 Tens of thousands of South Korean taxi-drivers held a rally on Thursday in Seoul, the capital, saying a carpooling service planned by the operator of the country's top chat app would threaten their livelihoods. . .  Full story

China robot market growth to slump this year as trade war weighs

18/10 Sales of industrial robots in China, the world's biggest market, will grow this year at only about a third of last year as an escalating Sino-U.S. trade war hits spending on equipment, a global. . .  Full story

Blackstone concedes defeat to Canada's Oxford in battle for Australia's Investa

18/10 Private equity giant Blackstone Group has quit a takeover battle for Australian office-block owner Investa Office Fund after it was gazumped by Canadian landlord Oxford Properties Group's A$3.35 billion ($2.4 billion) bid.. . .  Full story

Ericsson tops Q3 forecasts as savings and 5G sales kick in

18/10 Mobile telecom equipment maker Ericsson beat third-quarter operating profit forecasts on Thursday, boosted by sales of next-generation 5G gear in North America, and said it was making solid progress towards its long-term financial goals.. . .  Full story

SAP raises guidance as cloud transformation gathers pace

18/10 German software company SAP reported a 41 percent jump in cloud revenues in the third quarter as its business transformation gathers pace, enabling management to raise guidance for revenues and profits this year.. . .  Full story

Broadcaster CME's core profit jumps in Q3, debt falls

18/10 Broadcaster Central European Media Enterprises (CME) reported a 34 percent rise in third-quarter core profit, beating expectations in a typically weaker period as advertising revenues maintained strong growth.. . .  Full story

Turkey's Tupras in talks with US for Iran sanctions waiver -sources

18/10 Turkey's top refiner, Tupras, is in talks with U.S. officials to obtain a waiver allowing it to keep buying Iranian oil after Washington reinstates sanctions on the Islamic Republic's energy sector in November, industry sources. . .  Full story

Trade off: China soybean imports set for biggest drop in 12 yrs amid tariff conflict

18/10 China's soybean imports are set to drop by a quarter in the last three months of 2018, their biggest fall in at least 12 years as buyers curb purchases amid the Sino-U.S. trade war. . .  Full story

Fashion company Nine West files amended bankruptcy plan

18/10 U.S. footwear and apparel company Nine West Holdings Inc filed an amended Chapter 11 bankruptcy plan that will reduce its pre-bankruptcy debt obligations by more than $1 billion, the company said on Wednesday.. . .  Full story

Japan exports fall for first time since 2016 as trade war fears mount

18/10 Japan's exports fell in September for the first time since 2016 as shipments to the United States and China declined, likely impeding third quarter economic growth and adding to concerns about the broadening impact. . .  Full story

U.S. Senate panel wants to question Hyundai, Kia over engine fire reports

18/10 The Senate Commerce Committee's Republican chairman and ranking Democrat said on Wednesday they had asked top U.S. executives at Hyundai Motor Co and Kia Motors Corp to testify at a Nov. 14 hearing on reports. . .  Full story

Story on Zhoushan in talks with Exxon Mobil on ethylene plant withdrawn

18/10 The story headlined 'China's Zhoushan city woos Exxon Mobil for a $7 bln ethylene plant' is withdrawn. The provincial government has withdrawn its original statement issued on Wednesday because it was not factually correct,. . .  Full story

McConnell says Senate Republicans might revisit Obamacare repeal

18/10 Republicans could try again to repeal Obamacare if they win enough seats in U.S. elections next month, Senate Republican Leader Mitch McConnell said on Wednesday, calling a failed 2017 push to repeal the healthcare law. . .  Full story

Chile to seek international arbitration over Albemarle contract

18/10 The Chilean government said on Wednesday it would seek international arbitration over what it alleged was the failure of lithium miner Albemarle Corp to adhere to the terms of a contract drawn up in. . .  Full story

-China's premier sees 'increasing pressure' on the economy amid trade risks

18/10 China's economy faces increasing downward pressure, and the government will take targeted measures to prevent large fluctuations in growth, Premier Li Keqiang said while on a trip to Europe.. . .  Full story