WASHINGTON (Reuters) – German drug and crop chemical maker Bayer AG’s bid to buy seed and chemical company Monsanto Co is on track to win U.S. antitrust approval by the end of May, unless there is a last-minute complication, a source familiar with the matter said on Thursday.
HOUSTON (Reuters) – U.S. oil producer ConocoPhillips posted a bigger-than-expected quarterly profit on Thursday, on rising crude prices and cost cuts.
HONG KONG/SHANGHAI (Reuters) – China’s state-backed semiconductor fund is near to closing a 120 billion yuan ($18.98 billion)investment round for a second fund to support the domestic chip sector and help cut reliance on imports amid a bruising trade standoff with the United States.
(Reuters) – U.S. stock index futures pointed to a strong open for the tech-heavy Nasdaq on Thursday as a slew of upbeat earnings from Facebook and Qualcomm helped set aside worries over rising U.S. bond yields and corporate costs.
MILAN (Reuters) – Fiat Chrysler Automobiles (FCA) erased more debt in the first quarter than expected, putting the group on course to become cash positive by the end of this year, and confirmed its full year targets.
(Reuters) – PepsiCo Inc’s quarterly revenue and profit beat Wall Street targets on Thursday as it sold more beverages and snacks across the developing world and posted a smaller sales decline in its North America beverages unit.
SEOUL (Reuters) – General Motors has agreed to provide $3.6 billion in fresh funding to its troubled South Korean unit, higher than its previously proposed $2.3 billion as part of a preliminary deal, South Korea said on Thursday.
HOUSTON (Reuters) – U.S. oil producer ConocoPhillips said on Thursday its first-quarter profit jumped 52 percent due to rising crude prices and cost cuts.
DETROIT (Reuters) – General Motors Co on Thursday reported a lower first-quarter net profit as it began the changeover to a redesigned family of high-margin pickup trucks that resulted in lower production, but came in above Wall Street expectations.
SHANGHAI (Reuters) – Shanghai Disneyland should be viewed as a local company in China, Walt Disney said on Thursday, shrugging off concerns that U.S.-China trade tensions could affect visitor numbers or import costs for the $5.5 billion theme park.
(Reuters) – PepsiCo Inc’s quarterly revenue and profit beat Wall Street’s targets on Thursday as it sold more beverages and snacks in developing markets and posted a smaller sales decline in its North America beverages unit.
LONDON (Reuters) – Higher output and soaring oil prices helped European majors Royal Dutch Shell and Total to begin 2018 on a high note with better than expected first-quarter results on Thursday.
SEOUL (Reuters) – South Korea’s antitrust chief on Thursday said U.S. activist fund Elliott Management’s proposal for Hyundai Motor Group to adopt a holding company structure is “inappropriate” and, if implemented, would be in violation of antitrust law.
FRANKFURT (Reuters) – Deutsche Bank’s new chief executive Christian Sewing took firm action on its long-troubled investment bank on Thursday, cutting back bond and equities trading after a dramatic drop in quarterly profit.
LONDON (Reuters) – World markets remained edgy on Thursday, with shares eking out gains amid concern over the global economic outlook and with U.S. bond yields at four-year highs after breaking above the psychologically significant 3 percent line this week.
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