How fair is our food? Big companies take reins on sourcing schemes
LONDON (Reuters) – From cocoa to tea, food and drink giants are setting their own standards for ethical sourcing of raw materials, moving away from third-party labels such as Fairtrade.
NAFTA negotiators seek to enshrine Mexico’s energy reforms
MEXICO CITY (Reuters) – U.S., Canadian and Mexican negotiators are zeroing in on ways to enshrine Mexican President Enrique Pena Nieto’s sweeping energy reforms into a modernized North American Free Trade Agreement, Mexico’s chief negotiator said on Sa…
Texas refineries begin restart after hit from Harvey
HOUSTON (Reuters) – A number of key Texas refineries worked to reopen or resume normal operations on Saturday, a week after Hurricane Harvey knocked out nearly one quarter of the U.S. refining capacity and sent gasoline prices to two-year highs.
Mexico president vows to defend NAFTA, nation’s ‘dignity’
MEXICO CITY (Reuters) – Mexican President Enrique Pena Nieto on Saturday defended free trade and young migrants in the United States, saying his government would not accept insults against “national dignity” from the administration of U.S. President Do…
Texas refineries begin restart after hit from storm Harvey
HOUSTON (Reuters) – U.S. Gulf Coast refineries and fuel distribution terminals started to reopen on Saturday, a week after Tropical Storm Harvey knocked out nearly 25 percent of the nation’s refining capacity and sent gasoline prices spiking.
EU’s Vestager says Essilor-Luxottica merger requires thorough vetting
CERNOBBIO, Italy (Reuters) – The proposed merger of Italian spectacles maker Luxottica with French lens manufacturer Essilor will require thorough vetting by European antitrust authorities, the head of the bloc’s competition watchdog said on Saturday…
Retail U.S. gasoline prices surge on Harvey supply disruptions
NEW YORK/HOUSTON (Reuters) – Retail U.S. gasoline prices continued to rise as pipelines and terminals remained closed in Texas a week after Harvey made landfall as a Category 4 hurricane, forcing refineries to warn customers about fuel-supply shortages…
No offer for Fiat Chrysler on the table, CEO says
MONZA, Italy (Reuters) – Fiat Chrysler (FCA) has not received any offer for the company nor is the world’s seventh-largest carmaker working on any “big deal”, Chief Executive Sergio Marchionne said on Saturday.
Hyundai Motor replaces head of China operation
SEOUL (Reuters) – Hyundai Motor has replaced the head of its Chinese operation, media reports said on Saturday, as it struggles to regain a foothold in the world’s biggest auto market amid a diplomatic spat between the Asian trading partners.
Retail U.S. gasoline prices surge as refineries warn of shortages after Harvey
NEW YORK (Reuters) – Retail U.S. gasoline prices rose 2.8 percent from Friday to Saturday as refineries warned customers about fuel-supply shortages caused by Hurricane Harvey.
