Business News
Metro will correct Russia situation soon: CEO
FRANKFURT (Reuters) – The chief executive of Metro is hopeful that the German retailer will turn around its struggling Russian business soon, he said on Monday.
Month: June 2018
Business News
Oil steady as extra U.S. supply balances strong demand
LONDON (Reuters) – Oil prices steadied on Monday as U.S. production hit a record-high and OPEC members considered boosting supply to balance rising global demand.
Business News
With deal to close this week, Bayer to retire Monsanto name
FRANKFURT (Reuters) – Germany’s Bayer will wrap up the $63 billion takeover of Monsanto on Thursday and also retire the U.S. seeds maker’s 117 year-old name.
Business News
Russia’s Gazprom says loans 2.14 billion euro to TurkStream operator
MOSCOW (Reuters) – Russian gas company Gazprom said on Monday it would loan up to 2.14 billion euros ($2.5 billion) to its subsidiary South Stream Transport B.V. which is overseeing the construction of the TurkStream undersea gas pipeline to Turkey from Russia.
Business News
Crude oil eases for 2nd day on prospects of higher supplies
SINGAPORE (Reuters) – Brent crude oil futures slid for a second session on Monday as the market was weighed down by a climb in U.S. output to a record-high and expectations that OPEC members will raise supplies.
Business News
Bayer to close Monsanto takeover, to retire target’s name
FRANKFURT (Reuters) – Germany’s Bayer will wrap up the $62.5 billion takeover of Monsanto on Thursday this week and also retire the name of the U.S. seeds maker, it said on Monday.
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Facebook says it “disagrees” with the New York Times' criticisms of its device-integrated APIs
Facebook has responded to a New York Times story that raises privacy concerns …read more […]
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Raw: SpaceX Rocket Carries Satellite Into Orbit
A SpaceX Falcon 9 rocket carried a communications satellite into orbit early Monday. The SES-12 satellite separated from the Falcon 9 rocket about 32 minutes after launch. (June 4) …read more […]
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Want to see US trade policy on China shift from tariffs t…
Jacob Parker, vice president for China operations at the U.S.-China Business Council, speaks about the U.S.’ management of its trade relationship with China. …read more […]
Business News
Crude oil prices ease on prospects of higher world supplies
SINGAPORE (Reuters) – Crude oil futures lost more ground on Monday as the market was weighed down by U.S. output climbing to a record-high and expectations that OPEC members will raise supplies.
Business News
BHP process to unload U.S. shale operations could take until 2019
NEW YORK (Reuters) – The planned exit of BHP Billiton Ltd from its U.S. shale business has drawn oil companies and private equity firms into a competition that may have no clear winner until late this year or early next year, according to people familiar with the negotiations.
Business News
Australia’s CBA seeks redemption with record settlement
SYDNEY (Reuters) – Commonwealth Bank of Australia (CBA) agreed to pay a record penalty of A$700 million ($529.3 million) to settle explosive money laundering charges brought by Australia’s financial intelligence agency.
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Curry dazzles from deep, Warriors take 2-0 NBA Finals lead
Stephen Curry backpedaled in pure joy. Curry dazzled in outdueling LeBron James as the two superstars traded big shots and celebratory moves, hitting an NBA Finals-record nine 3-pointers and scoring 33 points to lead the Golden State Warriors to a 122-103 victory over the Cleveland Cavaliers on Sunday night for 2-0 lead. Kevin Durant found his steady stroke to score 26 points to go with nine rebounds and seven assists while also handling a load of the defensive assignment against James. …read more […]
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Airbus sales chief defiant on A330neo demand as Boeing seals new win
The head of airplane sales at Airbus (AIR.PA) dismissed concerns about a sharp drop in orders for the A330neo jet and predicted European wide-body demand would start to recover this year as rival Boeing extended a series of wins in the lucrative segment. The same airline may expand a leased fleet of A320neos. …read more […]
Business News
Global airlines slash profit outlook as fuel costs jump
SYDNEY (Reuters) – Global airlines on Monday slashed their forecast for industry profits in 2018 on a spike in fuel costs, while warning higher interest rates and a host of geopolitical tensions would add to operating risks.