Exxon CEO struggles to reverse Tillerson’s legacy of failed bets
HOUSTON (Reuters) – Exxon Mobil Corp’s $200 million write-down last month on abandoned ventures in Russia – once its next big frontier – points to challenges facing Chief Executive Darren Woods in his second year leading the world’s largest publicly t…
‘The Wolf of Wall Street’ producers to pay $60 million to U.S. in lawsuit settlement
KUALA LUMPUR (Reuters) – The company behind the 2013 film, “The Wolf of Wall Street”, agreed to pay the United States government $60 million to settle a civil lawsuit that sought to seize assets allegedly bought with money stolen from a Malaysian stat…
German automakers gain ground in South Korea, outselling GM for first time
SEOUL (Reuters) – Mercedes and BMW both sold more cars in South Korea than General Motors for the first time last month, helped by the growing popularity of German premium brands and as consumers shied away from GM after it announced a major restructur…
Global stocks fall as key Trump adviser’s departure heightens trade war fears
TOKYO (Reuters) – Global stocks and the dollar slumped on Wednesday after a key advocate for free trade in the White House resigned, fanning fears that President Donald Trump will proceed with tariffs and risk a trade war.
Embattled Abraaj frees private equity investors from capital commitments
NEW YORK/DUBAI (Reuters) – Embattled private equity firm Abraaj has begun freeing large investors from millions of dollars in capital commitments after deciding to suspend its new fund, the Dubai-based asset manager said.
Gun maker American Outdoor defends safety efforts in letter to BlackRock
(Reuters) – The top executives of gun maker American Outdoor Brands Corp on Tuesday defended their safety efforts in a letter to asset manager BlackRock Inc posted on the website of the maker of Smith & Wesson guns.
Female-led investor group scraps deal for Weinstein assets
(Reuters) – The female-led investor group that had agreed to buy The Weinstein Company’s assets pulled its offer on Tuesday, and lead investor Maria Contreras-Sweet said the decision was made after the group “received disappointing information.”
Trump blues dim hopes of NAFTA election boost for Mexico rulers
MEXICO CITY (Reuters) – The window for a new NAFTA trade deal before Mexico’s July presidential election is closing, and with it, the chances for the ruling party to claim a win in its battle with U.S. President Donald Trump and bolster its bid to reta…
Trade skeptics gain upper hand in White House as Cohn quits
WASHINGTON (Reuters) – Economic nationalists appeared to gain the upper hand in a White House battle over trade with the resignation of Donald Trump’s top economic adviser, Gary Cohn, on Tuesday in a move that could ramp up protectionist measures that …
Shares drop as key Trump adviser’s departure heightens trade war fears
TOKYO (Reuters) – Global stocks and the dollar slumped on Wednesday after a key advocate for free trade in the White House announced his resignation, fanning fears President Donald Trump would go ahead with tariffs and risk a trade war.
