Balancing act: software giant SAP navigates Russian risks
MOSCOW/WALLDORF, Germany (Reuters) – Most Western technology companies are losing ground in Russia under the weight of restrictive rules and mounting local competition. Germany’s SAP is thriving.
Oil boost helps world stocks turn positive for 2018
LONDON (Reuters) – World stocks hit a three-week high on Thursday and turned positive for the year as rising oil prices gave energy firms a shot in the arm that countered the effects of increased political uncertainty.
GM agrees to stake lock-in, make South Korea regional HQ in rescue deal for unit
SEOUL (Reuters) – General Motors will stay in South Korea for at least 10 years and set up its Asia-Pacific headquarters in the country, government officials said on Thursday, revealing terms of a deal aimed at rescuing the U.S. automaker’s struggling…
RBS reaches $4.9 billion deal to settle U.S. mortgage bond investigation
WASHINGTON/BOSTON/LONDON (Reuters) – Royal Bank of Scotland has agreed to pay a smaller-than-expected $4.9 billion to resolve a U.S. investigation into its sale of mortgage-backed securities, paving the way for a long-awaited return of cash to UK taxp…
BT to cut 13,000 jobs and leave London HQ
LONDON (Reuters) – BT is cutting 13,000 managerial and back-office jobs and leaving its London headquarters in the latest attempt by Britain’s biggest telecoms group to rebuild after an accounting scandal and downturn in trading.
How Trump’s steel tariffs kick the can business
The president of Pacific Coast Producers (PCP) plans to use around 700 million tin-coated steel cans this year for tomatoes, peaches and pears from 168 growers here in California.
Samsung faces new pressure on group structure after criticism by antitrust head
SEOUL (Reuters) – South Korea’s biggest conglomerate, Samsung Group [SAGR.UL], came for fresh criticism about its ownership structure on Thursday, with the country’s antitrust chief saying it was unsustainable.
Asia stocks gain as crude oil extends rally on Iran woes
TOKYO (Reuters) – Asian stocks rose on Thursday, with energy shares leading the way as crude oil prices bolted higher after U.S. President Donald Trump’s decision to pull out of a nuclear deal with Iran.
U.S. East Coast refiners look to Texas crude for discounted oil
NEW YORK (Reuters) – U.S. East Coast refiners are shipping more shale oil from the Gulf Coast thanks to heavy discounts for West Texas crude and are also looking to bring more via rail, but supply bottlenecks are making it difficult to secure more barr…
China sentences Anbang’s ex-boss to 18 years in jail
(Reuters) – The former chairman of China’s Anbang Insurance Group Co Ltd has been found guilty of fraud and embezzlement and sentenced to 18 years in prison, three months after the state seized control of an insurer famed for buying New York’s Waldorf …
