Exclusive: Gazprom to cut hundreds of traders as Kremlin retreats from West
MOSCOW (Reuters) – Russian gas giant Gazprom will cut hundreds of jobs at its overseas trading and export offices, including Britain, and move them to St Petersburg, according to two sources familiar with the plan, which comes at a time of rising tensi…
Ford recalls 1.38 million vehicles for loose steering wheel bolts
(Reuters) – Ford Motor Co said Wednesday it is recalling 1.38 million vehicles in North America for potentially loose steering wheel bolts that could detach, in a callback linked to two accidents and one injury.
Oil majors give in to investors with share buyback spree
(Reuters) – After almost three barren years for investors who have poured millions into the U.S. oil sector, producers are finally opening the floodgates to a wave of share buybacks that will return money to shareholders this year.
Italy’s Leonardo prime contractor in 3 billion euro Qatari helicopter deal
MILAN (Reuters) – Italy’s defence group Leonardo said on Wednesday it would act as prime contractor in a 3 billion euro ($3.71 billion) helicopter deal Qatar’s Ministry of Defence signed with the NHI Consortium.
Prudential to split in new world order for British insurers
LONDON (Reuters) – Prudential is to spin off its British and European business from its international operations, breaking up the 170-year-old insurer to refocus on faster-growing markets in the sector’s latest major shake-up.
Trade war concerns hit shares, dollar
LONDON (Reuters) – Shares were under pressure for a second day on Wednesday and the dollar held near one-week lows after a threat by U.S. President Donald Trump to slap $60 billion in tariffs on Chinese imports rekindled investors’ concerns about the e…
EU aims to solve trade ‘mess’, not provoke U.S.: commissioner
STRASBOURG, France (Reuters) – The European Union will focus on securing an exemption from U.S. metals tariffs rather than provoking a trade war, a senior European Commission official said on Wednesday.
Wall Street set to recover after bumpy session
(Reuters) – U.S. stock index futures signaled a rebound for Wall Street on Wednesday, a day after the main indexes fell more than half a percent on fears of political and trade uncertainties.
Broadcom ends bid for Qualcomm after President Trump nixes deal
(Reuters) – Singapore-based Broadcom Ltd withdrew its $117 billion bid to acquire Qualcomm Inc on Wednesday, two days after U.S. President Donald Trump blocked the attempt citing national security concerns.
Walmart expands home delivery in fight with Amazon
NEW YORK (Reuters) – Walmart Inc will expand its grocery home delivery services to reach more than 40 percent of U.S. households, or 100 metro areas from an existing six, as the retailer steps up a fight against rival Amazon.com Inc .
