US Business

Google exempt from back taxes in France, appeals court confirms

17h51 Google will not have to pay 1.1 billion euros ($1.22 billion) in back taxes demanded by French authorities, an appeals court in France ruled on Thursday, dashing the government's bid to overturn a 2017 decision.. . .  Full story

Retailer Casino's Q1 sales growth slows as France weakens

17h47 Retailer Casino, battling investor concerns over its high debt and ability to generate cash, said revenue growth slowed in the first-quarter, as weaker sales in its core French market overshadowed a more dynamic performance in. . .  Full story

Weak industrial earnings drag Wall Street lower

17h35 U.S. stocks were pulled lower on Thursday by downbeat earnings from industrial companies, including 3M, although strong results from marquee names Facebook and Microsoft kept the tech-heavy Nasdaq afloat.. . .  Full story

U.S. capital goods orders hit record high; weekly jobless claims rise

17h31 New orders for U.S.-made capital goods increased by the most in eight months in March, hitting their highest level on record and brightening the outlook for manufacturing and the economy.. . .  Full story

Freeport shares drop after quarterly profit misses expectations

17h18 Freeport-McMoRan Inc, the world's largest publicly traded copper producer, posted a lower-than-expected quarterly profit on Thursday due to slipping production and prices for the red metal, sending shares down more than 9 percent.. . .  Full story

U.S. adds another Chinese e-commerce site to 'notorious' list for IP protection

17h04 The U.S. Trade Representative said on Thursday it has added, China's third-largest e-commerce platform, to its "notorious markets" list for a proliferation of counterfeit products, as the agency also called out China as a. . .  Full story

Newmont Goldcorp profit beats on higher production as prices fall

16h59 Newmont Goldcorp, the world's biggest gold miner, reported a higher-than-expected first-quarter profit on Thursday, as a boost in gold production and lower costs countered lagging gold prices.. . .  Full story

Microsoft market cap touches $1 trillion, pulls above Apple

16h48 Microsoft Corp's market value vaulted above the $1 trillion mark for the first time in regular session trade on Thursday, pulling ahead of Apple Inc and making it the most valuable U.S. publicly traded. . .  Full story

Price rally stalls as market ignores U.S. economic data

16h26 Treasury yields were up slightly on Thursday morning amid mixed U.S. economic data, stalling a price rally that began on Wednesday.. . .  Full story

ARA gasoline stocks drop 4.5 pct - Insights Global

16h26 * Gasoline stocks in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub dropped 4.5 percent in the week to Thursday, data from Dutch consultancy Insights Global, previously PJK International, showed.. . .  Full story

TSX drops on weak Bombardier outlook, BoC's growth forecast cut

16h15 Canada's main stock index fell on Thursday, hurt by a drop in Bombardier Inc's shares following a weak full-year outlook and as the Bank of Canada lowered its growth forecast for 2019.. . .  Full story

New capital for Tesla will come at a cost

16h05 A capital raise for Tesla Inc will not come cheap and Chief Executive Officer Elon Musk must finally prove to investors that he can produce and deliver Model 3s and higher margin electric. . .  Full story

Bombardier shares plunge after full-year forecast cut

15h51 Shares of Bombardier Inc fell as much as 25.3 percent on Thursday after the Canadian plane-and-train maker cut its full-year profit and revenue forecast, wiping out more than C$1.5 billion off its market value.. . .  Full story

Big-ticket U.S. deals power Lazard's profit beat

15h49 Lazard Ltd reported a higher-than-expected quarterly profit on Thursday, as its M&A advisory business got a boost from a string of big-ticket deals in the United States, sending its shares up 3.8 percent before the. . .  Full story

Raiffeisenbank expects outperformance in Russia despite sanctions

15h00 Raiffeisenbank, the Russian arm of Austria's Raiffeisen Bank International (RBI), expects to outperform competitors in 2019 as the industry adapts to sanctions that have crippled Russian financial markets, its head of investment banking said.. . .  Full story

Valero Energy beats estimates on profit, revenue

14h49 U.S. independent refiner Valero Energy Corp reported less bearish than feared quarterly revenue and profit numbers on Thursday, as it sought to offset the impact of higher prices of heavy Canadian crude following Alberta's mandatory. . .  Full story

-Peru to sign MoU to join China's Belt and Road club in coming days - Chinese ambassador

14h12 Peru will sign a memorandum of understanding to join China's Belt and Road infrastructure initiative in coming days, China's ambassador said on Wednesday, despite recent warnings from the United States about the Beijing's rise in. . .  Full story

Iraq says it has enough oil capacity to meet customer needs

14h02 Iraq's oil minister said on Thursday his country had the capacity to increase its oil production to 6 million barrels per day (bpd) if needed, but it was committed to OPEC-led output cuts and. . .  Full story

India alleges big multinationals did not pass on tax benefits -source

13h33 Indian tax authorities have alleged that a number of big multinational companies have not passed on benefits from a tax cut to customers, a senior government official told Reuters.. . .  Full story

Soybeans tick up after 3 days of losses, ample supplies cap gains

13h16 Chicago soybean futures edged higher on Thursday after suffering losses for the last three sessions, triggered by dismal prospects for U.S. exports and abundant world supplies. Wheat edged lower for a. . .  Full story

Floods stall fertilizer shipments in latest blow to U.S. farmers

13h00 Farm supplier CHS Inc has dozens of loaded barges trapped on the flood-swollen Mississippi River near St. Louis - about 500 miles from the company's two Minnesota distribution hubs.. . .  Full story

China's imports of U.S. soybeans rise in March from a month earlier

12h18 China's imports of soybeans from the United States, the second-largest supplier to the country in 2018, rose in March from the previous month as more cargoes booked during a truce in the trade dispute. . .  Full story

Japan's Hitachi plans to sell chemical unit, sources say

09h56 Japan's Hitachi Ltd plans to sell its majority stake in Hitachi Chemical, two sources with direct knowledge of the matter told Reuters, in what would mark the latest deal by the sprawling conglomerate. . .  Full story

After Tripoli assault, Libya's next battle could be over banks

08h30 Eastern Libya commander Khalifa Haftar has thrown much of his military forces into attacking Tripoli, but the outcome of the offensive could be determined by a separate battle -- to keep open the parallel finance. . .  Full story

U.S. officials say global oil market ready for end to Iran crude exports

08h08 U.S. attempts to drive Iranian oil exports down to zero come against the backdrop of a global market that is sufficiently well supplied to avoid price disruptions, senior U.S. officials said on Thursday.. . .  Full story

Pricing pressure, tariffs dent Volvo's quarterly profit

06h52 Swedish carmaker Volvo's quarterly profit fell by 19.3 percent, the company said on Thursday, blaming pricing pressure and higher tariffs arising from the trade war between the United States and China.. . .  Full story

Saudi Arabia says China has not yet asked for more oil amid tighter Iran sanctions

06h46 Saudi Arabia's energy minister Khalid al-Falih told Reuters on Thursday that China has "not yet" asked for more crude oil after the United States decided to end sanction waivers on Iranian oil imports that. . .  Full story

LG Elec to shut S.Korea phone plant, move production to Vietnam

05h40 LG Electronics Inc said on Thursday it would stop producing smartphones in South Korea and move manufacturing to Vietnam, joining global rivals in reorganising production as they battle a slump in global demand.. . .  Full story

Trump immigration plan may increase visas for highly skilled workers -sources

03h44 A merit-based immigration proposal being put together by White House senior adviser Jared Kushner could lead to an increase in U.S. visas for highly skilled workers, sources familiar with the effort said on Wednesday.. . .  Full story

Indonesia's Pertamina buys first-ever U.S. crude oil cargo

03h22 Indonesia's state-owned energy company Pertamina said late on Wednesday it has bought its first-ever cargo of U.S. crude oil, which is set to arrive at one of its refineries in June.. . .  Full story

COLUMN-Hedge funds bet big on spike in U.S. gasoline prices: Kemp

03h00 Hedge funds are betting heavily on higher gasoline prices this summer, anticipating that refiners will struggle to produce enough gasoline to replenish depleted stocks while ramping up diesel output for the shipping industry.. . .  Full story

Microsoft tops $1 trillion as it predicts more cloud growth

02h36 Microsoft Corp on Wednesday briefly topped $1 trillion in value for the first time after executives predicted continued growth for its cloud computing business.. . .  Full story

Chipotle beats profit, revenue estimates as online sales surge

01h57 Chipotle Mexican Grill Inc beat Wall Street estimates for quarterly revenue and profit on Wednesday, as the restaurant chain's marketing efforts and aggressive investments in online ordering and deliveries attracted more customers.. . .  Full story

Occidental offers $38 bln for Anadarko, topping Chevron

00h56 Occidental Petroleum Corp on Wednesday started the first takeover battle for a major oil company in years, offering $38 billion for Anadarko Petroleum Corp, a bid that topped a $33 billion offer by Chevron Corp.. . .  Full story

Visa profit jumps, lower cross-border volume weighs on shares

00h39 Visa Inc reported higher expenses and lower spending by people using its cards abroad on Wednesday even as increased overall consumer spending drove quarterly profit 14 percent higher.. . .  Full story

CME live cattle futures down 2% on long liquidation

00h28 U.S. live cattle futures fell to a six-week low on Wednesday as lower cash beef prices and bearish technical signals prompted a round of long liquidation, traders said.. . .  Full story

Walmart creates Angus beef supply chain, cutting out meat processors

00h05 Walmart Inc is taking control of the supply chain for Angus beef sold in some of its stores, cutting out meat processors as the company looks to offer higher quality products in an intensely. . .  Full story

Moore, under fire from Democrats, remains Trump's Fed pick

00h04 Despite new criticism from top Democrats for comments denigrating women and the Midwest, economic commentator Stephen Moore still has the backing of U.S. President Donald Trump for a seat at the Federal Reserve Board.. . .  Full story

Tesla promises return to profit after first-half losses

24/04 Tesla Inc said on Wednesday it would return to profit in the third quarter of 2019 after racking up two consecutive losses in the first half of the year, as it struggled to deliver. . .  Full story

Microsoft gets a boost from Windows as cloud stays on track

24/04 Microsoft Corp beat Wall Street estimates for quarterly profit and revenue on Wednesday, powered by a surprise boost in Windows revenue and as growth in its cloud business stayed on track.. . .  Full story

Occidental CEO Vicki Hollub makes bold bid for rival shale producer

24/04 With a $38 billion bid on Wednesday for rival oil producer Anadarko Petroleum Corp, Occidental Petroleum Corp CEO Vicki Hollub has again grabbed the spotlight, as the oil and gas industry trailblazer squares off. . .  Full story

Wall Street edges lower, energy stocks fall

24/04 The S&P 500 slipped on Wednesday after ending the previous session with a record and the Nasdaq failed to hold all-time highs reached earlier in the day while investors waited for more earnings reports.. . .  Full story

U.S. Justice staff seek Goldman guilty plea in 1MDB settlement -FT

24/04 U.S. Department of Justice staff have made an internal recommendation that Goldman Sachs Group Inc plead guilty as part of any potential settlement over its role in a corruption scandal involving a Malaysian sovereign wealth. . .  Full story

Chipotle same-store sales beat estimates on higher online ordering

24/04 Chipotle Mexican Grill Inc beat Wall Street estimates for quarterly same-store sales on Wednesday, as the restaurant chain's emphasis on fresher menu and investments in online ordering and delivery boosted customer transactions.. . .  Full story

Visa quarterly profit jumps 14 pct on higher consumer spending

24/04 Visa Inc reported a 14.3 percent jump in quarterly profit on Wednesday as a tightening labor market and growth in wages spurred consumer spending, leading to more people swiping their credit- and debit-cards using. . .  Full story

Norwegian Air reschedules aircraft delivery, to cut 2019-20 capex by $2.1 bln

24/04 Norwegian Air has agreed with Airbus and Boeing to reschedule delivery of aircraft to cut capital spending, the loss-making budget carrier said on Wednesday.. . .  Full story

Boeing abandons outlook, takes $1 bln cost hit in MAX crisis

24/04 Boeing Co on Wednesday abandoned its 2019 financial outlook, halted share buybacks and said lowered production due to the grounding of its fastest-selling 737 MAX jet after two fatal plane crashes in five months. . .  Full story

U.S. yields lower on soft global data, after strong auction

24/04 U.S. Treasury yields were lower across maturities on Wednesday as investors piled into the safe-haven government bonds following a dovish report from Canada's central bank, weak data from Germany and Australia, and solid demand at. . .  Full story

Oil hovers near 6-mth high as U.S. stockpile build counters supply fears

24/04 Oil prices hovered near six-month highs on Wednesday after data showed U.S. crude stockpiles surged to their highest levels since October 2017, countering fears of tight supply resulting from OPEC output cuts and U.S. sanctions. . .  Full story

Cotton futures slip to over one-week low on wet weather in Texas

24/04 ICE cotton futures settled at a more than one-week low on Wednesday as rain in top producing state Texas was perceived as favorable to plantation of the natural fiber crop. *. . .  Full story

Carrefour's Q1 sales growth accelerates with France, Brazil

24/04 Carrefour said revenue growth accelerated in the first quarter, driven by robust sales in Brazil and an improving performance in the core French market where hypermarket sales turned slightly positive.. . .  Full story

Trump's Fed pick Moore draws fire from Democrats; Republicans silent

24/04 Stephen Moore, the economic commentator that U.S. President Donald Trump has said he will nominate to the Federal Reserve Board, is drawing new fire from top Democrats for his comments denigrating, among other targets, women. . .  Full story

Bayer asks California appeals court to throw out $78 mln Roundup verdict

24/04 Bayer AG on Wednesday asked a California appellate court to throw out a $78 million judgment it was ordered to pay to a school groundskeeper who claimed the company's weed killers gave him cancer.. . .  Full story

Tyson sells stake in plant-based meat maker Beyond Meat

24/04 Tyson Foods Inc said on Wednesday it had sold its 6.5 percent stake in vegan burger maker Beyond Meat, as the no. 1 U.S. meat processor looks to develop its own line of alternative. . .  Full story

U.S. trade panel locks in steep duties on steel truck wheels from China

24/04 The U.S. International Trade Commission said it determined on Wednesday that American steel wheel manufacturers were injured by dumped and unfairly subsidized truck wheels from China, locking in steep import duties on those products for. . .  Full story

Biogen dips as strategy post Alzheimer's setback fails to impress

24/04 Biogen Inc on Wednesday beat Wall Street estimates for quarterly profit, but failed to ease investor concerns about long-term growth after it recently shelved the development of an Alzheimer's drug that was expected to be. . .  Full story

Caterpillar slips as higher costs dent margins at construction business

24/04 Caterpillar Inc spooked investors for a second straight quarter as rising costs hit margins in its construction equipment business and tepid sales in the Asia Pacific region pointed to continuing subdued growth in China.. . .  Full story

U.S. crude stockpiles jump on rise in imports - EIA

24/04 U.S. crude oil stockpiles rose last week to their highest in about a year and a half as imports increased, even as refiners sharply ramped up output ahead of the summer driving season, the. . .  Full story

SAP welcomes Elliott's $1.3 bln investment; shares hit high

24/04 U.S. activist investor Elliott revealed a 1.2 billion euro ($1.3 billion) stake in SAP on Wednesday and said it supported a new management efficiency drive, sending shares in the German business software company to a. . .  Full story

Foundry chemicals group ASK put up for sale - sources

24/04 ASK Chemicals, a maker or chemicals used in foundries, has been put up for sale by its private equity owner amid a flurry of dealmaking in the chemicals sector, people close to the matter. . .  Full story

India alleges P&G kept more than $35 mln in tax benefits -source

24/04 Indian tax authorities have alleged U.S. consumer goods maker Procter & Gamble did not pass on more than $35 million in tax benefits which were meant to have gone to its customers, a senior. . .  Full story

TSX falls as financials drop ahead of BoC rate decision

24/04 Canada's main stock index fell on Wednesday, as financial shares slipped ahead of an interest rate decision by the Bank of Canada.. . .  Full story

Goldman Sachs in talks to buy restructured Turkish loans -sources

24/04 Goldman Sachs is in talks with Turkish banks and companies to buy large distressed loans following a wave of corporate restructurings in the country last year, two sources close to the matter told Reuters.. . .  Full story

Domino's franchisees help serve profit beat, shares rise

24/04 Domino's Pizza Inc's first-quarter profit beat Wall Street estimates on Wednesday, as it booked more revenue and royalties from franchisees across the globe.. . .  Full story

Hedge funds bet big on spike in U.S. gasoline prices: Kemp

24/04 Hedge funds are betting heavily on higher gasoline prices this summer, anticipating that refiners will struggle to produce enough gasoline to replenish depleted stocks while ramping up diesel output for the shipping industry.. . .  Full story

Saudi's Falih sees no need for swift output action after Iran oil waivers end

24/04 Saudi Arabia's energy minister said on Wednesday he saw no need to raise oil output immediately after the United States ends waivers granted to buyers of Iranian crude, but added that the kingdom would. . .  Full story

Remy Cointreau confident on China growth prospects

24/04 French spirits company Remy Cointreau expressed confidence over its growth prospects in China, where robust demand for its premium cognac underpinned annual sales growth.. . .  Full story

Iran can export as much oil as it needs - supreme leader

24/04 Iran's Supreme Leader Ayatollah Ali Khamenei said on Wednesday that the country can export as much oil as it needs, his official website reported, as the United States prepares to end sanctions waivers it. . .  Full story

-STMicro shares up on outlook for second half

24/04 Franco-Italian chipmaker STMicroelectronics struck an upbeat tone for the second half of the year on Wednesday after a steep fall in quarterly sales of sensors compelled it to trim its investment plans.. . .  Full story

Norway's wealth fund calls for annual elections to Kellogg's board

24/04 Norway's $1.1 trillion sovereign wealth fund, the world's biggest, will support a shareholder proposal calling for annual elections of board members at food maker Kellogg Company, the fund said in a statement on Wednesday.. . .  Full story

Aramco's bond is "only the beginning", Saudi energy minister says

24/04 Saudi Aramco, the world's biggest oil producer, will remain active in the debt markets after its debut $12 billion bond earlier this month, which was "only the beginning", Saudi Energy Minister Khalid al-Falih said on. . .  Full story

Indonesia's Pertamina buys first-ever U.S. crude oil cargo - source, data

24/04 Indonesia's state-owned energy company Pertamina has bought its first-ever cargo of U.S. crude oil, which is set to arrive at one of its refineries in June, a source with knowledge of the matter said. . .  Full story

Cambodia's economy grew 7.5 percent in 2018, four-year high - World Bank

24/04 Cambodia's economy grew 7.5 percent last year, a four-year high, compared with 7 percent in 2017, helped by rising exports to the United States, the World Bank said on Wednesday.. . .  Full story

China to recalibrate Belt and Road, defend scheme against criticism

24/04 China is expected to promote a recalibrated version of its Belt and Road initiative at a summit of heads of state this week in Beijing, seeking to allay criticism that its flagship infrastructure policy. . .  Full story

SPECIAL REPORT-How China is replacing America as Asia's military titan

24/04 In 1938, in the midst of a long campaign to bring China under Communist Party rule, revolutionary leader Mao Zedong wrote: "Whoever has an army has power.". . .  Full story

IMF: Initial Sri Lanka market pressures seem contained, tourism action needed

24/04 The International Monetary Fund said on Tuesday that initial financial market pressures on Sri Lanka appear contained following "horrific" Easter Sunday bomb attacks but decisive policy and security actions are needed to shore up the. . .  Full story

EBay raises forecast as redesign draws customers, boosts ad revenue

24/04 EBay Inc raised its full-year sales and profit forecasts on Tuesday, as user-friendly changes to its ecommerce platforms attracted more customers and also increased its advertising revenue.. . .  Full story

Trump to meet Democrats on $1 trln infrastructure push on April 30 -sources

24/04 U.S. House Speaker Nancy Pelosi and Senate Democratic Leader Chuck Schumer will meet with President Donald Trump on April 30 at the White House to discuss the fate of proposals to boost U.S. infrastructure. . .  Full story

Texas Instruments says slowdown in chip demand may continue; shares fall

24/04 Chipmaker Texas Instruments said on Tuesday a slowdown in demand for microchips that started late last year may last a few more quarters.. . .  Full story

Oil surges amid OPEC caution to offset Iran sanctions

23/04 Oil prices hit their highest in about six months on Tuesday as sources said Gulf OPEC members were ready to raise output only if there was demand before offsetting any shortfall following a U.S.. . .  Full story

Sanctions on Iranian oil bring U.S. drivers pain at the pump

23/04 American middle class consumers are enjoying the strongest wage growth in a decade, but higher gasoline prices are eating a good chunk of that increase for many, and it looks like pump prices are. . .  Full story

EBay's strong quarter, robust forecast send shares 5 pct higher

23/04 EBay Inc beat analysts' quarterly revenue estimates and forecast second-quarter sales largely above expectations on Tuesday, as the company's multi-year effort to make its ecommerce platforms more user friendly attracts more customers.. . .  Full story

CME lean hog futures fall on profit-taking

23/04 U.S. hog futures sagged on profit-taking on Tuesday after a recent run-up to contract highs, traders said.. . .  Full story

S&P 500, Nasdaq hit record closing highs on upbeat earnings

23/04 The S&P 500 index and the Nasdaq registered record closing highs after a broadbased rally on Tuesday, as a clutch of better-than-expected earnings reports eased concerns about a slowdown.. . .  Full story

Texas Instruments revenue, profit beat estimates; shares rise

23/04 Chipmaker Texas Instruments reported better-than-expected first-quarter profit and revenue on Tuesday, offering hope that a slowdown in demand for microchips late last year may not be as long-lasting as feared.. . .  Full story

Yield curve steepens near 2019 record as Wall St booms

23/04 The yield curve steepened to just a tenth of a basis point below its 2019 high on Tuesday, indicating investor bullishness as strong U.S. company earnings pushed the S&P 500 index toward record highs.. . .  Full story

Global oil markets adequately supplied -IEA

23/04 Global oil markets are adequately supplied and spare production capacity remained at comfortable levels, the International Energy Agency (IEA) said on Tuesday, while highlighting the need to avoid higher oil prices amid fragile global economic. . .  Full story

Brazil's Magazine Luiza sells books online in new challenge to

23/04 Brazilian retailer Magazine Luiza on Tuesday announced it would start selling physical books online for pickup in its chain comprised of almost 1,000 stores, using its national footprint to compete with traditional booksellers and . .  Full story

-Lyft's IPO banks give troubled stock a flurry of 'buy' ratings

23/04 Lyft Inc received some badly needed support on Tuesday, as analysts at banks that had worked on its initial public offering urged clients to buy the ride-hailing company's beleaguered shares.. . .  Full story

Trump's policies lift Lockheed Martin's profit, shares surge

23/04 Lockheed Martin Corp reported better-than-expected quarterly profit on Tuesday as U.S. President Donald Trump's looser policies on foreign arms sales boosted demand for missiles and fighter jets.. . .  Full story

U.S. new home sales hit 1-1/2-year high on lower mortgages, prices

23/04 Sales of new U.S. single-family homes rose to a near 1-1/2-year high in March, boosted by lower mortgage rates and house prices.. . .  Full story

U.S. Fed proposes blueprint for bank-controlling companies

23/04 The U.S. Federal Reserve on Tuesday proposed a framework for determining when a company has taken control of a bank and must face more rigorous oversight and restrictions, a move that could remove hurdles. . .  Full story

Soy at multi-month lows on demand woes; corn sags, wheat steadies

23/04 U.S. soybean futures fell to a seven-month low on Tuesday as traders focused on demand destruction resulting from the ongoing U.S. trade war with top global soy buyer China as well as the effects. . .  Full story

Harley-Davidson points to tariff impact as Trump weighs in

23/04 Harley-Davidson Inc stuck with a cautious outlook for 2019 on Tuesday that indicated its struggles with long-term competitive problems even as President Trump changed tune on the company, promising to stand up for it in. . .  Full story

United Technologies raises full-year profit forecast on Rockwell lift

23/04 United Technologies Corp posted a higher-than-expected quarterly profit and raised its full-year earnings forecast on Tuesday, boosted by robust demand for aircraft parts at one of the manufacturers better placed to ride out the fallout. . .  Full story

Homebuilder Pulte pins hope on lower mortgage rates, home prices

23/04 PulteGroup Inc said on Tuesday it expects homebuyers to return to the market after slowing demand in the second half of 2018, spurred by lower prices across its portfolio and easing mortgage rates.. . .  Full story

Agnico bets on high grade gold as it digs in Canada's remote north

23/04 Agnico Eagle Mines is doubling down this year on Nunavut, Canada‚Äôs least developed territory, betting that the high-grade gold ores and slim competition there will offset the risks of digging in the remote location in. . .  Full story

India says it has 'robust plan' to guarantee oil supply after end to Iran waivers

23/04 India said on Tuesday its refineries will have adequate oil supplies, thanks in part to imports from other producers, despite the United States' demand that buyers of Iranian oil stop purchases by May 1. . .  Full story

Top shareholder won't back Bayer management in AGM vote - sources

23/04 Bayer's largest shareholder, fund manager BlackRock, will not support the German company's management in a key vote at its annual general meeting (AGM) on Friday, two people familiar with the situation told Reuters.. . .  Full story

Bumblebee movie boost transforms Hasbro first quarter; shares surge

23/04 Hasbro Inc reported a surprise quarterly profit on Tuesday as the box-office success of Transformers movie spin-off "Bumblebee" charged sales of its action toys, putting the company's shares on track for their best day in. . .  Full story

Gulf OPEC members ready to raise output if there is demand -sources

23/04 Gulf OPEC producers can step in to meet any oil supply shortage following a U.S. decision to end waivers on buyers of Iranian crude, but will first wait to see whether there is actual. . .  Full story

Oil traders to Saudi Arabia: "show us the barrels" - Kemp

23/04 "The United States, Saudi Arabia and the United Arab Emirates ... are committed to ensuring that global oil markets remain adequately supplied," the White House said in a press statement issued on Monday.. . .  Full story

COLUMN-In Iran oil sanctions poker game, Trump shows his hand, relies on other players: Russell

23/04 U.S. President Donald Trump has shown his cards on sanctions against Iran's crude oil exports, but whether he has played a winning hand depends on what the other players are holding.. . .  Full story

Trump warms to Harley Davidson, says EU tariffs 'unfair'

23/04 U.S. President Donald Trump on Tuesday appeared to reverse course on Harley Davidson Inc , saying European tariffs facing the motorcycle manufacturer were "unfair" and vowing to reciprocate, after urging a boycott of the company. . .  Full story

German prosecutors probe bonus payments to suspended VW manager

23/04 German prosecutors are investigating a possible breach of fiduciary duty by Volkswagen over bonus payments made to an executive who was suspended over the carmaker's emissions cheating scandal.. . .  Full story