Exclusive: As Trump trashes NAFTA, Mexico turns to Brazilian corn
CHICAGO/MEXICO CITY (Reuters) – Mexican buyers imported ten times more corn from Brazil last year amid concern that NAFTA renegotiations could disrupt their U.S. supplies, according to government data and top grains merchants.
Buffett letter may tout optimism as broader market worries ebb
(Reuters) – Warren Buffett may use part of his annual letter to Berkshire Hathaway Inc shareholders, due on Saturday, to renew his optimism about America, at a time economic growth is on the upswing and U.S. stocks sit near record highs despite rising…
Barclays delivers on dividend despite 2017 disappointment
LONDON (Reuters) – Barclays PLC showed its confidence in future earnings on Thursday by restoring its full dividend, despite lackluster investment banking income, restructuring costs and U.S. tax reforms hitting the bank’s 2017 bottom line.
Fed points upwards for rates, world stocks lurch downward
LONDON (Reuters) – World stocks tumbled to one-week lows on Thursday after the U.S. Fed confirmed it was on track to raise interest rates several times this year, sending bond yields to new multi-year highs.
Prosecutors widen Audi emissions probe to former executives
BERLIN (Reuters) – German prosecutors searched the homes of three new suspects in connection with Audi’s emissions scandal on Thursday, further widening their inquiry into the carmaker’s test-cheating scandal to include former executives.
German court to decide on fate of 15 million diesel cars
LEIPZIG, Germany (Reuters) – A German court will rule on Thursday whether major cities can ban heavily polluting diesel cars, potentially hitting the resale value of 15 million vehicles in Europe’s largest car market and forcing automakers to pay for c…
Distrust of unions, and GM, hangs over South Korean efforts to stem job losses
SEOUL (Reuters) – South Korean President Moon Jae-in is in a bind.
How General Electric gambled on fossil fuel power, and lost
NEW YORK (Reuters) – Last March, executives at General Electric Co’s power-plant business gave Wall Street a surprisingly bullish forecast for the year. Despite flat demand for new natural gas power plants, they said, GE Power’s revenue and profit woul…
Asian stocks slip as U.S. rate risk sours sentiment, dollar holds gains
SYDNEY (Reuters) – Most Asian share markets followed S&P 500 futures lower on Thursday as speculation of faster hikes in U.S interest rates soured risk appetite globally.
Safran sees quick rampup of Mexico composite fan blade plant
QUERETARO, Mexico (Reuters) – French aero engine maker Safran expects to be producing 20,000 composite fan blades for the LEAP jet engine by 2021 at its new plant in central Mexico’s Queretaro state, the company’s chief executive Philippe Petitcolin s…
