Business News
Futures dip ahead of Trump’s decision on Iran
(Reuters) – U.S. stock index futures slipped on Tuesday as investors braced for President Donald Trump’s decision on whether to withdraw from the Iran nuclear deal.
Month: May 2018
Trading Ideas
Trade of the Day: Chesapeake Energy Corporation Is a Falling Star That Could Rally
Energy stocks have been a big outperformer versus the S&P 500 since mid-March. This is at least in good part due to a rally in the price of oil, which is also putting inflationary pressures back on the table. One falling star stock that has caught my attention as a result is Chesapeake Energy Corporation (NYSE:CHK). …read more […]
Business News
Trump complains of biased courts, but they often support his policies
NEW YORK (Reuters) – In a March speech at a Washington, D.C. law school, U.S. Attorney General Jeff Sessions slammed “activist” federal judges for blocking some of President Donald Trump’s key initiatives, voicing again a favorite grievance of the administration and Trump himself.
Business News
Germany probes Audi for potential new illegal emissions device
FRANKFURT (Reuters) – German motor vehicle authority KBA has summoned Audi for a formal hearing about whether its diesel-engined A6/A7 models have been fitted with a previously unknown defeat device, Germany’s Transport Ministry said on Tuesday.
Business News
European regulators: We’re not ready for new privacy law
FRANKFURT/BRUSSELS/PARIS (Reuters) – Europe’s General Data Protection Regulation (GDPR) has been billed as the biggest shake-up of data privacy laws since the birth of the web.
Business News
Germany probing Audi for new emissions device: Der Spiegel
FRANKFURT (Reuters) – German motor vehicle authority KBA is probing premium auto maker Audi to see whether its diesel-engined A6/A7 models have been fitted with a previously unknown defeat device, German weekly Der Spiegel said on Tuesday.
Business News
Tech sector gains keep world shares near one-week high
LONDON (Reuters) – Oil prices eased on Tuesday from 3-1/2-year highs hit on worries the United States may be set to pull out of a key nuclear accord with Iran, while robust tech sector gains in Asia helped support world stocks.
Business News
Elliott backing request to appoint special auditor: Uniper CEO
FRANKFURT (Reuters) – Uniper said a motion to appoint a special auditor at this year’s annual general meeting to identify possible breaches of duty and violations of the law by the group’s management is backed by shareholder Elliott.
Business News
New Volkswagen CEO testified in U.S. on emissions scandal: report
BERLIN (Reuters) – Volkswagen Chief Executive Herbert Diess traveled to the United States this month to testify to authorities there about the carmaker’s emissions scandal, German newspaper Bild reported on Tuesday.
Business News
Siemens makes deal with German unions on job cuts
ZURICH (Reuters) – Siemens said it had agreed in principle with trade unions about its plans to cut jobs and restructure its struggling Power and Gas (PG) and Process Industries and Drives businesses in Germany.
Business News
Exclusive: Qatar Petroleum CEO says pushing ahead with expansion despite Gulf embargo
DOHA (Reuters) – State energy giant Qatar Petroleum will push ahead with its production expansion and foreign asset acquisition strategy to be on par with oil majors, despite a regional political and economic embargo on Doha, its chief executive said.
Business News
Japan’s Takeda clinches $62 billion deal to buy drugmaker Shire
LONDON/TOKYO (Reuters) – Takeda Pharmaceutical agreed to buy London-listed Shire for 45.3 billion pounds ($61.50 billion) on Tuesday after the Japanese company raised the amount of cash in its offer to secure a recommendation.
Business News
Japan’s Takeda agrees $62 billion takeover of Shire
LONDON (Reuters) – Takeda Pharmaceutical agreed to buy London-listed Shire for 45.3 billion pounds ($61.50 billion) on Tuesday after the Japanese company raised the amount of cash in its offer to $30.33 to secure a recommendation.
Business News
Oil hovers near 3 1/2-year peak, Asia shares up ahead of Trump announcement
TOKYO/SHANGHAI (Reuters) – Oil prices eased slightly on Tuesday, a day after hitting 3-1/2 year highs, as investors braced for President Donald Trump’s decision on whether to withdraw the United States from the Iran nuclear deal, a move that could disrupt global oil supply.
Business News
Japan’s Takeda agrees to $62 billion takeover of Shire
LONDON (Reuters) – Takeda Pharma agreed to buy London-listed Shire for 46 billion pounds ($62.42 billion) on Tuesday after the Japanese company raised the amount of cash in its offer to $30.33 to secure a recommendation.