CEOs of Target, ADM offer differing views on U.S. border tax at hearing
WASHINGTON (Reuters) – The chief executive officers of two major American companies – retailer Target Corp and agribusiness Archer Daniels Midland Co – offered opposing views in a hearing before U.S. lawmakers on Tuesday on a proposed border adjustment…
As Syngenta deal closes, ChemChina and Sinochem press $120 billion deal: sources
HONG KONG/BEIJING (Reuters) – Chinese state-owned Sinochem and ChemChina are in merger talks to create the world’s biggest industrial chemicals firm, to be headed by Sinochem chief Ning Gaoning, four people with knowledge of the negotiations said.
BHP hires Barclays to divest U.S. shale gas assets: sources
LONDON (Reuters) – BHP has hired Barclays to divest its U.S. Fayetteville shale gas assets as the miner seeks to fend off an attack by activist funds, two sources close to the matter said on Tuesday.
OPEC set to prolong oil output cuts by nine months
VIENNA (Reuters) – OPEC is likely to extend production cuts for another nine months, ministers and delegates said on Tuesday as the oil producer group meets this week to debate how to tackle a global glut of crude.
French VW probe identifies 22.78 billion euros in diesel sales: paper
PARIS (Reuters) – France’s consumer fraud watchdog believes Volkswagen made 22.78 billion euros ($25.65 billion) in sale proceeds on cars sold in the country with illegal defeat devices, Le Monde reported on Tuesday.
PPG CEO says remains interested in ‘consensual’ deal with Akzo
AMSTERDAM (Reuters) – PPG Industries remains interested in negotiating a “consensual” deal with Akzo Nobel , even as the Dutch rival paint maker resists its 26.3 billion euro ($29.5 billion) takeover offer, PPG’s top executive said on Tuesday.
Apple in talks to expand India production capacity: minister
NEW DELHI (Reuters) – Apple Inc wants to expand its contract manufacturer’s facility in the southern Indian tech hub of Bengaluru, a federal minister said on Tuesday, as the iPhone maker seeks a bigger share in one of the world’s biggest smartphone ma…
Trial over RBS 2008 cash call faces further delay amid settlement talks
LONDON (Reuters) – A trial in which Royal Bank of Scotland is accused by investors of misleading them over its 2008 fundraising is set to be delayed for a second day, as frantic settlement talks between the claimants and the bank continued in London on…
GM to cut 600 South Africa jobs by July as it pulls out of country
CAPE TOWN (Reuters) – South Africa’s top manufacturing union NUMSA said late Monday that 600 workers out of 1,500 at General Motors SA will lose their jobs by July after a decision last week by the car maker to sell its local operations.
U.S. plan to sell oil reserve shows declining import needs
SINGAPORE/VIENNA (Reuters) – President Donald Trump’s proposal to sell half of the U.S. strategic oil reserve highlights a decline in the biggest oil user’s reliance on imports – and a weaning off OPEC crude – as its domestic production soars.
