US Business

Cocoa companies fail on pledge to stop Africa deforestation - report

08/12   Full story

USDA keeps domestic soy stocks view steady; raises world forecast

19h55 The U.S. Agriculture Department on Tuesday left its estimate for domestic soybean supplies unchanged but boosted its outlook for world stocks amid rising expectations for the South American crop.. . .  Full story

Katowice COP24 Notebook: ministers asked to stand up against climate change

19h52 Talks billed as the most important U.N. conference since the Paris 2015 deal on climate change are in their crucial final week in Katowice, capital of Poland's Silesian coal mining district.. . .  Full story

U.S. natgas output, demand seen rising to record highs in 2018 -EIA

19h48 U.S. dry natural gas production should rise to an all-time high of 83.30 billion cubic feet per day (bcfd) in 2018 from a record high 74.77 bcfd in 2017, the Energy Information Administration's Short. . .  Full story

Verizon takes billions in charges for Oath, voluntary buyouts

19h44 Verizon Communications Inc said on Tuesday it will take a $4.6 billion charge related to its Oath media assets - which includes digital media sites Yahoo and AOL - and a severance charge of. . .  Full story

Iraq to seek exemption from U.S. sanctions on Iran -PM

19h36 Iraqi Prime Minister Adel Abdul Mahdi said on Tuesday he would send a delegation to the United States to seek an exemption from sanctions against Iran that would allow Baghdad to keep importing gas. . .  Full story

S&P, Dow turn negative after Trump threatens govt shutdown

19h34 The S&P 500 and the Dow Jones Industrial Average gave up all gains on Tuesday, reversing from a strong start on the back of progress in U.S.-China trade talks, as President Donald Trump threatened. . .  Full story

Apple launches payments service in Germany following delay

19h25 Apple has launched its mobile payments service in Germany, four years after its start in the United States and trailing Google, which started its payments app in the country in June.. . .  Full story

Oil rise as global equities climb, Libya output drops

19h18 Oil futures rose on Tuesday with the help of an increase in global stock markets, an outage reducing Libyan crude production and a gradual decrease in Russian output.. . .  Full story

U.S. producer prices rise; oil likely to slow momentum

18h23 U.S. producer prices unexpectedly rose in November as increases in the costs for services offset a sharp decline for energy products, but the overall momentum in wholesale inflation appears to be slowing.. . .  Full story

Canadian said to be detained in China, Huawei CFO due back in court

18h13 A former Canadian diplomat has been detained in China, two sources said on Tuesday, just hours before a top executive at Chinese telecoms giant Huawei Technologies is set to return to a Vancouver courtroom for. . .  Full story

Anarchists daub graffiti protest on "criminal" WTO

18h01 Anarchists claimed responsibility on Tuesday for an overnight graffiti attack on the Swiss headquarters of the World Trade Organization that has a history of attracting anti-globalisation protests.. . .  Full story

Dell gets shareholder approval for VMware deal

17h57 Dell Technologies Inc said on Tuesday it has received shareholder approval for its earlier announced deal to buy back shares tied to its interest in software maker VMware , paving the way for it. . .  Full story

China, U.S. discuss road map for next stage of trade talks

17h56 China and the United States discussed a road map for the next stage of their trade talks on Tuesday during a telephone call as a report that China is moving to cut tariffs on. . .  Full story

EXCLUSIVE-Red tape, funding problems hamper Lion Air black box search

17h23 Bureaucratic wrangling and funding problems have hampered the search for the cockpit voice recorder of a crashed Lion Air jet, prompting investigators to turn to the airline to foot the bill in a rare. . .  Full story

TSX gains as energy shares rally

17h08 Canada's main stock index gained on Tuesday in a broad-based rally led by energy stocks, which were supported by higher oil prices.. . .  Full story

Fintech startup Plaid valued at $2.65 bln in latest funding round - source

16h32 Fintech startup Plaid has raised $250 million in its latest funding round led by one of Silicon Valley's top investors, Mary Meeker, which according to a source familiar with the matter values the company. . .  Full story

U.S. lawmakers agree on farm bill, aiming for vote this week

16h32 U.S. lawmakers have reached an agreement on a farm bill that drops a proposal to tighten food stamp restrictions backed by President Donald Trump and offers some financial certainty to farmers suffering from the U.S.. . .  Full story

Automakers rise on report of China moving to cut U.S. car tariffs

15h18 Automakers' shares rose on Tuesday following a report that China could move to cut tariffs on American-made cars, a step which was forecast by U.S. President Donald Trump after a meeting with China's president. . .  Full story

U.S. discusses Iran sanctions with Iraq, Baghdad hurt by curbs on Iranian gas imports

14h51 U.S. Energy Secretary Rick Perry said on Tuesday he discussed sanctions against Iran with Iraqi energy officials as Washington pressures Baghdad to stop importing Iranian gas that is crucial for its power grid.. . .  Full story

COLUMN-China's commodity import volume surge tells a different tale to slack value growth: Russell

14h00 The prevailing market narrative after China's overall November trade data was that the world's second-biggest economy is softening and starting to show the strains of the trade dispute with the United States.. . .  Full story

Hyundai Motor's two R&D vice chairmen offer to resign - sources

13h57 Hyundai Motor Group's two vice chairmen in charge of research and development (R&D) have offered to resign, three people familiar with the matter told Reuters on Tuesday.. . .  Full story

Markets drift ahead of USDA, Chinese buying awaited

13h36 Chicago soybeans, wheat and corn were mixed on Tuesday as markets focused on monthly world agricultural supply and demand estimates from the U.S. Department of Agriculture (USDA) due to be published later in the day.. . .  Full story

Uber's dominant size may rob smaller Lyft of its IPO oxygen

11h00 Uber Technologies Inc and smaller rival Lyft are driving side-by-side on the road to a stock market debut, and that may not bode well for Lyft as investors decide where to place their bets. . .  Full story

China car sales drop at steepest pace in almost seven years

10h14 China's automobile sales fell about 14 percent in November from a year earlier, the country's top auto industry association said, marking the steepest such drop in nearly seven years in the world's largest auto market.. . .  Full story

Iranian oil exports have improved since early November- Iran president

10h10 Exports of Iranian oil have improved since early November, Iran's president Hassan Rouhani said in a statement broadcast live on state TV on Tuesday.. . .  Full story

U.S. fund Castlelake to buy planes from AirAsia in $800 mln deal -sources

09h32 U.S. private investment firm Castlelake LP has struck a deal to buy a portfolio of about 30 narrowbody planes from AirAsia Group Bhd for a total price of roughly $800 million, people familiar with. . .  Full story

China's Henan pledges to further open auto, aircraft sectors to foreign investors

05h45 Henan, China's fifth-biggest province by economic output, has pledged to open up its markets further to foreign investors, easing investment curbs on its automobile and aircraft industries and loosening rules on employment of foreigners.. . .  Full story

Elliott, Siris book Travelport on trip back to private markets for $4.4 bln

01h57 Travelport Worldwide Ltd said on Monday that buyout firms Siris Capital Group and Elliott Management will take it private for $4.4 billion, ending an eight-month effort by activist investor Elliott to buy the travel software. . .  Full story

White House to name senior U.S. Treasury official as CFTC head

01h46 The White House plans to nominate Heath Tarbert, a senior Treasury official, as chairman of the U.S. Commodity Futures Trading Commission next year, according to a source familiar with the matter.. . .  Full story

With steel waste in crosshairs, China extends its war on pollution

01h00 China's self-styled war on pollution is extending to a new front: the solid waste that makes up thousands of slag heaps around the country, a byproduct of its record steel output.. . .  Full story

White House to name senior Treasury official as CFTC head

10/12 The White House plans to nominate Heath Tarbert, a senior Treasury official, as chairman of the U.S. Commodity Futures Trading Commission next year, according to a source familiar with the matter.. . .  Full story

Wall St ends choppy day higher; tech helps, Brexit weighs

10/12 Wall Street ended Monday's volatile session slightly higher with help from technology stocks although bank stocks tumbled and uncertainty over Britain's exit from the European Union kept investors on edge about global growth.. . .  Full story

Fed seen slowing, or even stopping, rate hikes next year

10/12 The Federal Reserve's plans to continue raising interest rates next year were met with more skepticism on Wall Street on Monday, with futures traders betting on a pause and one major bank partially walking. . .  Full story

Russia gas pipeline to boost grip on Ukraine, Europe -U.S. diplomat

10/12 Russia is seeking to boost its power in Europe and grip over Ukraine with the proposed Nord Stream 2 natural gas pipeline, the top U.S. energy diplomat said on Monday, in a step-up of. . .  Full story

U.S. yields slightly higher, but caution reigns on Brexit woes

10/12 U.S. Treasury yields drifted higher on Monday as Wall Street stocks recovered, but trading was mostly rangebound as investors digested the Brexit turmoil and its impact on other assets after Britain's Prime Minister Theresa May. . .  Full story

Soy, wheat decline on persistent demand worries, ahead of USDA data

10/12 U.S. soy and wheat futures fell on Monday on positioning ahead of a monthly U.S. Department of Agriculture crop supply/demand report and uncertainty about the ongoing U.S.-China trade dispute, traders said.. . .  Full story

Peru to target Odebrecht former partners, politicians, others for fines

10/12 The Peruvian prosecutor tasked with seeking damages owed to the state for corruption said on Monday he plans to fine local companies, politicians and businessmen about $180 million for taking part in Brazilian builder Odebrecht's. . .  Full story

Katowice COP24 Notebook: campaigners slam U.S. fossil fuel stance

10/12 Talks billed as the most important U.N. conference since the Paris 2015 deal on climate change began the crucial final week in the Polish city of Katowice, capital of the country's Silesian coal mining district.. . .  Full story

Shares of Tivity Health drop 30 pct on Nutrisystem deal skepticism

10/12 Shares of Tivity Health Inc plummeted over 30 percent on Monday after the company's deal to buy diet plan developer Nutrisystem Inc in a bid to strike new partnerships with large health insurers was. . .  Full story

U.S. job openings data points to growing worker shortage

10/12 U.S. job openings rebounded in October, but hiring continued to lag, suggesting a recent slowdown in job growth was most likely because employers could not find qualified workers.. . .  Full story

In a tight labor market, companies bet big on five-year rewards

10/12 In the old days, longtime employees in the United States were honored with a gold watch after 30 years or so at a company.. . .  Full story

Verizon says to shed 10,400 jobs by mid next year

10/12 Verizon Communications Inc said on Monday that about 10,400 employees will be leaving the U.S. wireless carrier by mid next year as part of the company's voluntary separation program.. . .  Full story

Saudi energy minister says he discussed oil market with U.S. counterpart

10/12 Saudi Arabia's Energy Minister Khalid al-Falih said in a tweet he had discussed the state of the oil market with U.S. Energy Secretary Rick Perry on Monday in Dhahran, Saudi Arabia.. . .  Full story

Qatar’s exit from OPEC "won't affect production" - UAE energy minister

10/12 Qatar's exit from OPEC "won't affect production moving forward," the UAE's energy minister said on Monday in Abu Dhabi.. . .  Full story

TSX dips as energy shares weigh

10/12 Canada's main stock index fell on Monday after crude oil prices fell 2 percent and pressured shares of energy companies.. . .  Full story

Rice brothers push for top-level changes at gas producer EQT

10/12 EQT Corp is facing calls for a shakeup at the helm from shareholders Toby Rice and Derek Rice, who had sold Rice Energy Inc to the oil and gas producer last year for $6.7. . .  Full story

GoPro to move U.S.-bound camera production out of China

10/12 GoPro Inc on Monday took the first steps to move most of its U.S.-bound camera production out of China by the summer of 2019 to counter the potential impact from any new tariffs.. . .  Full story

Onset of recession may take longer than expected after yield curve inverts

10/12 The onset of a U.S. recession could take longer than usually thought after key points of the Treasury yield curve invert, as a surge in U.S. short-dated debt issuance has altered the dynamics of. . .  Full story

GRAPHIC-'Death cross' portends more near-term losses for U.S. stocks, then rebound

10/12 More losses may be ahead for U.S. stocks in the short term, according to an indicator with a fittingly ominous name: the death cross.. . .  Full story

COLUMN-OPEC and its allies seek the nirvana of crude oil "balance": Russell

10/12 The key concept in the wake of the decision to reduce crude oil output by OPEC and its allies is "balance". It's something everybody in the market says they want, but they all have. . .  Full story

FEATURE-Chile drives electric vehicle rollout in Latin America

10/12 A massive cargo ship docked in the Chilean port of San Antonio at the end of November, carrying it its belly the first 100 electric buses from China that Chileans hope will revolutionize their. . .  Full story

The next worry for U.S. stocks: shrinking profit forecasts

10/12 The growing ranks of stock market Eeyores now have another reason to stay glum: Next year's profit picture is darkening fast.. . .  Full story

Euro zone investor morale slumps to four-year low in December

10/12 Investor morale in the euro zone slumped to a four-year low in December as fears about trade conflicts, Italy's budget row with the European Union and Brexit led to a collapse in sentiment, a. . .  Full story

S.Korean prosecutors indict four for importing North Korean coal

10/12 South Korean prosecutors have charged four people with illegally importing millions of dollars worth of North Korean coal in violation of international sanctions, by trying to disguise it as imports from Russia, a prosecutors' office. . .  Full story

U.S. says March 1 'hard deadline' for trade deal with China

10/12 Unless U.S.-China trade talks wrap up successfully by March 1, new tariffs will be imposed, U.S. Trade Representative Robert Lighthizer said on Sunday, clarifying there is a "hard deadline" after a week of seeming confusion. . .  Full story

China property to cool in 2019, weigh on economy, curbs may be eased

10/12 China's massive property market is expected to cool further in 2019, with smaller price rises and falling home sales adding to pressure on the world's second-largest economy, a Reuters poll showed.. . .  Full story

China says it has never heard of any country having security problem with Huawei

10/12 China's foreign ministry on Monday said it had never heard of any country having a security problem with Huawei Technologies Co Ltd, after a top executive of the telecoms giant was arrested in Canada.. . .  Full story

Australian regulator says probe of tech giants spurs 5 investigations

10/12 Australia's competition regulator says it has five investigations afoot as a result of its examination of the market power and public influence of tech giants such as Facebook Inc and Alphabet Inc's Google .. . .  Full story

-China November soybean imports plunge 38 pct y/y on tariff war

10/12 China imported 5.38 million tonnes of soybeans in November, down 38 percent from a year ago and the lowest monthly number in two years, customs data showed on Saturday, after buyers avoided U.S. soybeans. . .  Full story

-China's Nov export, import growth shrinks, showing weak demand

10/12 China reported far weaker than expected November exports and imports, showing slower global and domestic demand and raising the possibility authorities will take more measures to keep the country's growth rate from slipping too much.. . .  Full story

Huawei CFO seeks bail, cites health fears behind bars -court documents

10/12 A top executive of China's Huawei Technologies Co Ltd argued that she should be let out on bail while awaiting an extradition hearing due to severe hypertension and fears for her health while incarcerated. . .  Full story

Chile drives electric vehicle rollout in Latin America

09/12 A massive cargo ship docked in the Chilean port of San Antonio at the end of November, carrying it its belly the first 100 electric buses from China that Chileans hope will revolutionize their. . .  Full story

Wall St Week Ahead-Licking their wounds, fund managers prep for rally in '19

09/12 With bond and equity markets from the United States to emerging markets all on pace to lose money this year, investors have not seen this much red on their screens since 1972, the last. . .  Full story

Volkswagen denies allegations chairman knew early about emissions cheating -report

09/12 Volkswagen has denied allegations that Chairman Hans Dieter Poetsch knew about the carmaker's emissions test cheating almost three months before U.S. authorities made it public in September 2015.. . .  Full story

China's November PPI up 2.7 pct y/y, CPI up 2.2 pct y/y

09/12 China's factory prices rose in November at their slowest pace since October 2016 as domestic demand lost further momentum, piling pressure on policymakers to unveil more measures to support the economy.. . .  Full story

Red-hot U.S. jobs market drives some to seek cooler options

08/12 When Sean Luangrath joined Pocatello, Idaho-based Inergy Solar a few years ago, the plan was to move the portable solar battery maker to his home base of Salt Lake City so he could build. . .  Full story

Katowice COP24 Notebook: Protesters raise the alarm on climate

08/12 Talks billed as the most important U.N. conference since the Paris 2015 deal on climate change are nearing the end of a first week in the Polish city of Katowice, the capital of the. . .  Full story

Saudi oil exports seen down 1 mln bpd in Jan from Nov levels - sources

08/12 Saudi Arabia's crude oil exports are expected to drop next month by some 1 million barrels per day (bpd) from November levels, two sources familiar with the matter said on Saturday.. . .  Full story

China's Nov export, import growth shrinks, showing weak demand

08/12 China reported far weaker than expected November exports and imports, showing slower global and domestic demand and raising the possibility authorities will take more measures to keep the country's growth rate from slipping too much.. . .  Full story

China November soybean imports plunge 38 pct y/y on tariff war

08/12 China imported 5.38 million tonnes of soybeans in November, down 38 percent from a year ago and the lowest monthly number in two years, customs data showed on Saturday, after buyers avoided U.S. soybeans. . .  Full story

Uber makes confidential filing for long-awaited IPO

08/12 Uber Technologies Inc has filed paperwork for an initial public offering, according to three people with knowledge of the matter, taking a step closer to a key milestone for one of the most closely watched. . .  Full story

China's Nov trade surplus with U.S. widens to $35.55 bln

08/12 China's trade surplus with the United States widened to $35.55 billion in November, compared with $31.78 billion in October, Chinese customs data showed on Saturday.. . .  Full story

China's Jan-Nov yuan-denominated exports +8.2 pct y/y, imports +14.6 pct

08/12 China's yuan-denominated exports in the first 11 months of the year rose 8.2 percent from a year earlier, customs data showed on Saturday.. . .  Full story

GE's push to fix power turbine problem goes global

08/12 Utilities are shutting down at least 18 of General Electric Co's newest gas turbines for repairs at power plants from Taiwan to France, according to more than a dozen interviews with plant operators and. . .  Full story

Bunge preparing to replace CEO Schroder-WSJ

07/12 Bunge Ltd is preparing to replace its Chief Executive Officer Soren Schroder as the global grains trader faces investor pressure, the Wall Street Journal reported on Friday, citing sources.. . .  Full story

U.S. locks in duties on Chinese aluminum sheet imports

07/12 The U.S. International Trade Commission said on Friday it made a final determination that American producers were being harmed by imports of common alloy aluminum sheet products from China, a finding that locks in duties. . .  Full story

Wall St tumbles, indexes post biggest weekly losses since March

07/12 Wall Street's main indexes fell more than 2 percent on Friday in a broad sell-off led by declines in big Internet and technology shares, and posted their largest weekly percentage drops since March as. . .  Full story

'Death cross' portends more near-term losses for U.S. stocks, then rebound

07/12 More losses may be ahead for U.S. stocks in the short term, according to an indicator with a fittingly ominous name: the death cross.. . .  Full story

U.S. yield curve steepens on bets for rate-hike pause

07/12 The margin between short- and long-end U.S. Treasury yields grew on Friday as weaker-than-expected data on domestic jobs growth in November bolstered the view that the Federal Reserve may tap the brakes on raising interest. . .  Full story

Soybeans firm on China trade hopes, good export sales lift wheat

07/12 U.S. soybean futures firmed for the fifth time in six sessions on Friday on solid weekly export sales data and short-covering ahead of the weekend as the market waited for signs that China may. . .  Full story

Fed policymakers signal turning point on U.S. rate-hike path

07/12 The U.S. central bank is flagging a turning point in monetary policy, as a Federal Reserve policymaker on Friday backed interest rate hikes in the "near term" but nodded to increasingly less certainty ahead.. . .  Full story

Trump upbeat on China talks; aides downplay Huawei arrest friction

07/12 U.S. President Donald Trump on Friday sounded an optimistic note about trade negotiations with China as two of his top economic advisers downplayed friction from the arrest of a senior executive of Chinese telecom equipment. . .  Full story

U.S. oil drillers cut most rigs since May 2016 -Baker Hughes

07/12 U.S. drillers this week cut oil rigs by the most in over two year even as record production has turned the United States into a net oil exporter for the first time in history.. . .  Full story

Moderna, largest biotech to go public, fails to impress in market debut

07/12 Moderna Inc's shares fell as much as 6 percent in an upsized market debut on Friday, taking a hit from a broader selloff in U.S. markets spurred by investor concerns over an economic slowdown. . .  Full story

U.S. job growth slows in November, monthly wage gains modest

07/12 U.S. job growth slowed in November and monthly wages increased less than forecast, suggesting some moderation in economic activity that could support expectations of fewer interest rate increases from the Federal Reserve in 2019.. . .  Full story

OPEC, Russia agree to slash oil output despite Trump pressure

07/12 OPEC and its Russia-led allies agreed on Friday to slash oil production by more than the market had expected despite pressure from U.S. President Donald Trump to reduce the price of crude.. . .  Full story

Altria to marry pot with big tobacco in $1.8 bln Cronos deal

07/12 Marlboro cigarette maker Altria Group Inc announced a $1.8 billion investment in Cronos Group Inc on Friday, which could give it up to 55-percent ownership of the Canadian cannabis producer.. . .  Full story

S.Korea's parliament ratifies revised FTA with U.S.

07/12 South Korea's parliament has ratified a revised bilateral free trade agreement with the United States on Friday, the trade ministry said, paving the way for the deal to come into effect on Jan. 1. . .  Full story

Investors flee bonds and stocks in turbulent week for growth and trade

07/12 Investors pulled billions from bonds and stocks this week as U.S. bond movements triggered fears over global growth and a trade tussle between the United States and China heated up, strategists at Bank of. . .  Full story

Kudlow says does not see Huawei issue spilling into trade talks with China- CNBC

07/12 White House economic adviser Larry Kudlow told CNBC on Friday that he does not see the recent controversy surrounding China's Huawei Technologies Co Ltd spilling into the trade talks between the United States and. . .  Full story

TSX gains on rise in energy shares, strong jobs report

07/12 Canada's main stock index rose on Friday due to a rally in oil prices and a robust domestic jobs data, which eased worries over a recent economic slowdown.. . .  Full story

TSX gains on oil price surge, strong jobs report

07/12 Canada's main stock index opened higher on Friday, after oil prices surged 4 percent, while a robust domestic November jobs report eased concerns over a recent economic slowdown.. . .  Full story

Portugal china maker VAA dishes out shares to support global push

07/12 Portugal's leading fine china maker Vista Alegre Atlantis (VAA) has launched a secondary share offering to significantly increase its free float and support what it sees as strong growth opportunities in Europe, the Americas and. . .  Full story

OPEC gets Iran green light to cut oil output by 0.8 mln bpd - source

07/12 Iran gave OPEC the green light on Friday to cut oil output by around 0.8 million barrels per day from 2019, an OPEC source said.. . .  Full story

Bayer's German workers mostly spared from Monsanto-related job cuts - labour boss

07/12 The lion's share of job cuts from folding U.S. seed maker Monsanto into Bayer's agriculture unit will affect workers outside Germany, the head of Bayer's works council told Reuters.. . .  Full story

Huawei welcome in France, sensitive investments can be blocked - French minister

07/12 French Finance Minister Bruno Le Maire said on Friday Chinese tech giant Huawei was welcome in France, though the government could block certain investments.. . .  Full story

Trade ware to weigh on global growth in coming months - France's Le Maire

07/12 Global trade tensions will weigh on global growth in the coming months, French Finance Minister Bruno Le Maire said on Friday, urging China to play an important role in WTO reform. . .  Full story

EXCLUSIVE-GE's push to fix power turbine problem goes global

07/12 Utilities are shutting down at least 18 of General Electric Co's newest gas turbines for repairs at power plants from Taiwan to France, according to more than a dozen interviews with plant operators and. . .  Full story

Katowice COP24 Notebook: Focus on price, COP24 urged

07/12 Talks billed as the most important U.N. conference since the Paris 2015 deal on climate change are nearing the end of a first week in the Polish city of Katowice, the capital of the. . .  Full story

Russia may inject more money into Promsvyazbank

07/12 Russia may inject more money into Promsvyazbank to help the bailed-out lender in its new role serving the country's defence industry, Deputy Finance Minister Alexei Moiseev told Reuters.. . .  Full story

China's Iran oil imports to rebound in Dec as buyers use U.S. waivers

07/12 China's Iranian oil imports are set to rebound in December after two state-owned refiners in the world's largest oil importer began using the nation's waiver from U.S. sanctions on Iran, according to industry sources and. . .  Full story

Indonesia's Pertamina reaches financial close on $1.8 bln gas power station project

07/12 Indonesian state-owned energy firm Pertamina on Friday said it reached financial close for a $1.8 billion integrated gas-fired power station project on Dec. 5 with Japanese partners Marubeni Corp and Sojitz Corp .. . .  Full story