Amazon.com plays catch-up in Brazil as local rivals thrive
SAO PAULO (Reuters) – Claudia Maria de Oliveira is leery of online shopping. But while browsing social media recently, the 49-year-old Brazilian spotted a bargain-priced sandwich press from local retailer Magazine Luiza SA.
Kobe Steel says under investigation over data tampering scandal
TOKYO (Reuters) – Kobe Steel Ltd said on Wednesday that it is under investigation by Japanese authorities over its data tampering, widening a scandal that undermined faith in Japan’s industrial sector last year.
GM, South Korea weigh raising investment plan in unit from $2.8 billion: source
SEOUL (Reuters) – General Motors and South Korea are considering increasing the size of their investment in the U.S. automaker’s local unit from a previously proposed $2.8 billion, a senior government source with direct knowledge of the matter said on…
GM, South Korea in talks to raise investment plan from $2.8 billion: source
SEOUL (Reuters) – General Motors and South Korea are in talks to increase the size of their investment in the U.S. automaker’s local unit from a previously proposed $2.8 billion, a senior government source with direct knowledge of the matter said on W…
Shire says willing to recommend Takeda’s $64 billion offer to shareholders
LONDON/NEW YORK/TOKYO (Reuters) – Rare disease drug maker Shire Plc said on Tuesday it was willing to recommend a sweetened $64 billion offer from Japan’s Takeda Pharmaceutical Co to shareholders, in what could be the biggest acquisition of a drug comp…
Asian shares spooked by rising U.S. yields, cost worries
TOKYO (Reuters) – Asian shares fell on Wednesday as a rise in U.S. bond yields to 3 percent and warnings from bellwether U.S. companies of higher costs drove fears that corporate earnings growth may peak soon.
Shire, Takeda reach breakthrough in $64 billion deal talks
LONDON/NEW YORK (Reuters) – London-listed drugmaker Shire Plc said on Tuesday it was willing to recommend to its shareholders a deal with Takeda Pharmaceutical Co, after the Japanese company sweetened its acquisition offer to 46 billion pounds ($64 bil…
DoubleLine’s Gundlach says U.S. Treasuries ‘not attractive’
NEW YORK (Reuters) – Jeffrey Gundlach, chief executive officer of DoubleLine Capital, said on Tuesday that U.S. Treasuries were “not attractive” even though the 10-year yield <US10YT=RR>, a benchmark for global borrowing costs, crossed the critic…
Lockheed lauds U.S. arms sales push, sees foreign sales rising
BERLIN (Reuters) – Top U.S. weapons maker Lockheed Martin Corp welcomed a push by U.S. President Donald Trump to speed up approvals of arms sales, saying it would reassure allies who had been frustrated by bureaucratic delays in the past.
Trump says NAFTA talks going ‘nicely,’ Canada sees progress on auto rules
WASHINGTON (Reuters) – U.S. President Donald Trump said on Tuesday a new North American Free Trade Agreement could be agreed on quickly, as Canada hailed progress on forging new rules for the auto industry, the pivotal issue in talks to revamp the 24-y…
