Australia watchdog takes Rio Tinto, former executives to court over Mozambique losses
MELBOURNE (Reuters) – Australia’s corporate watchdog said on Friday it has launched court action against global miner Rio Tinto and two former executives for misleading and deceiving investors about the coal reserves it reported in a $4 billion acquis…
GM’s South Korea sales slump after shuttering factory
SEOUL (Reuters) – General Motors’ sales in South Korea slumped 19 percent in February, hurt by its decision to shut down one of its factories in the country.
Asia fears trade war after Trump plans hefty steel, aluminum tariffs
SEOUL/SYDNEY (Reuters) – U.S. President Donald Trump’s planned tariffs on steel and aluminum risk retaliation from other economies and could cost jobs, Australia’s trade minister said on Friday, while China predicted harm to trade if other countries fo…
Female-led investor group to buy Weinstein Co assets
(Reuters) – A former Obama administration official on Thursday reached a deal to purchase assets of The Weinstein Company and said she will use a majority-female board to rebuild the Hollywood studio tarnished by sexual misconduct allegations.
Asian stocks tumble as Trump sparks global trade war fears
TOKYO (Reuters) – Stock markets in Asia extended Wall Street’s overnight rout on Friday, with investors spooked by the specter of a global trade war after President Donald Trump said the United States would impose hefty tariffs on imported steel and al…
Trump to impose steep tariffs on steel, aluminum; stokes trade war fears
WASHINGTON (Reuters) – President Donald Trump announced on Thursday he would impose hefty tariffs on imported steel and aluminum to protect U.S. producers, risking retaliation from major trade partners like China, Europe and neighboring Canada.
CSX sticks with plan to cut jobs, reduce trains
(Reuters) – U.S. railroad operator CSX Corp said on Thursday it would stick with a plan started by former Chief Executive Hunter Harrison, who died in December, to boost profit through cutting jobs and rail cars, and would also slash capital spending.
Female-led investor group says it is buying Weinstein Co assets
(Reuters) – A former Obama administration official said on Thursday she had reached a deal to purchase assets of The Weinstein Company and will use a majority-female board to rebuild the Hollywood studio tarnished by sexual misconduct allegations.
Asia extends Wall Street selloff as Trump sparks trade war fears
TOKYO (Reuters) – Stock markets in Asia on Friday extended a Wall Street rout as investors were rattled after President Donald Trump announced the United States would impose hefty tariffs on steel and aluminum imports, raising the specter of a global t…
Chevron says its business is resilient to climate change
(Reuters) – Chevron Corp said on Thursday its business is resilient to a wide variety of possible climate change scenarios as the U.S. oil company and other producers come under pressure to invest less in oil projects and more in renewable energy.
