Procter & Gamble commits to Russia despite rising risks
MOSCOW (Reuters) – U.S. consumer goods group Procter & Gamble (P&G) will keep investing in Russian plants in 2018 and beyond, reaffirming its commitment to the market despite political risks.
Nestle streamlines R&D to speed up product innovation
LONDON (Reuters) – Food giant Nestle plans to combine its scientific research operations into a single unit in an attempt to speed up development of new products at a time when competition from smaller rivals is intensifying.
P&G to plough $50 million in Russian plants in 2018
MOSCOW (Reuters) – The world’s largest consumer goods maker Procter & Gamble plans to invest a further 3 billion roubles ($48.5 million) in its Russian production facilities this year, a senior company executive overseeing the Russian market told Reuters.
EU competition chief Vestager to announce antitrust decision on Thursday
BRUSSELS (Reuters) – European Commissioner for Competition Margrethe Vestager will hold a news conference on Thursday to announce an antitrust decision, which is expected to be on Gazprom .
Deutsche Bank to cut thousands of staff in investment bank revamp
FRANKFURT (Reuters) – Deutsche Bank will cut global staff numbers by more than 7,000 in the first major move by its new CEO to reduce costs and restore profitability after years of false starts.
Qantas says has been given more time to clarify description of Chinese territories
SHANGHAI/SINGAPORE (Reuters) – Australian airline Qantas Airways said on Thursday that it has been given more time to clarify how it refers to Chinese territories on its website, as a deadline set by Chinese authorities approaches.
General Electric’s power unit fights for growth as wind, solar gain
NEW YORK (Reuters) – Vistra Energy Corp and Dominion Energy Inc – which serve about 5.5 million electricity customers in more than a dozen U.S. states – both say they are done building combined-cycle natural gas-fired power plants.
Deadly protests land a blow to Indian resources magnate Agarwal’s ambitions
NEW DELHI (Reuters) – Indian billionaire Anil Agarwal often talks about his dream to turn his London-listed company Vedanta Resources into a global resources giant. He has already bought stakes in big mining companies, such as Anglo American Plc, and s…
Trump urges a new ‘structure’ for U.S.-China trade deal
WASHINGTON (Reuters) – U.S. President Donald Trump has signaled a new direction in U.S.-China trade talks and said any deal would need “a different structure,” fueling uncertainty over current negotiations.
U.S. launches auto import probe, China says will defend interests
WASHINGTON (Reuters) – The Trump administration has launched a national security investigation into car and truck imports that could lead to new U.S. tariffs similar to those imposed on imported steel and aluminum in March.
