Dow, Dupont planned merger gets conditional nod from China
BEIJING (Reuters) – China has conditionally approved the proposed merger between Dow Chemical Co and Dupont , the country’s Commerce Ministry said on Tuesday, a step forward for the deal whose closing has been repeatedly delayed by regulatory hurdles….
Libyan wealth fund trial against SocGen adjourned until Wednesday
LONDON (Reuters) – The start of a trial brought by Libya’s $67 billion sovereign wealth fund against Societe Generale has been adjourned until Wednesday, a spokesperson for the Libyan Investment Authority (LIA) said.
Asian factories get off to solid start in second quarter
NEW DELHI (Reuters) – Factories across much of Asia got off to a solid start in the second quarter, buoyed by strong global demand, particularly for hi-tech gadgets which are leading a sizzling rally in electronics.
How two cutting edge U.S. nuclear projects bankrupted Westinghouse
WILMINGTON, Del./NEW YORK (Reuters) – In 2012, construction of a Georgia nuclear power plant stalled for eight months as engineers waited for the right signatures and paperwork needed to ship a section of the plant from a factory hundreds of miles away…
AIG’s investors, awaiting CEO plan, uneasy ahead of results
(Reuters) – For nearly two months, American International Group Inc has planned to replace its chief executive but a successor has yet to be named, creating a void that has stoked investor concerns about the insurance company’s future.
Fed set to leave interest rates unchanged, may hint at June hike
WASHINGTON (Reuters) – The U.S. Federal Reserve is expected to hold interest rates steady at its meeting this week as it pauses to parse more economic data but may hint it is on track for an increase in June.
Japan finance minister warns against yen instability on North Korea
LOS ANGELES (Reuters) – Japanese Finance Minister Taro Aso said the yen is vulnerable to rising political tensions over North Korea’s missile program and development of nuclear weapons, and warned against extreme instability in the currency.
Infosys plans to hire 10,000 U.S. workers after Trump targets outsourcing firms
SAN FRANCISCO/MUMBAI (Reuters) – India-based IT services firm Infosys Ltd said it plans to hire 10,000 U.S. workers in the next two years and open four technology centers in the United States, starting with a center this August in Indiana, the home sta…
Trump administration set to replace top banking regulator Thomas Curry: WSJ
(Reuters) – The Trump administration plans to replace Comptroller of the Currency Thomas Curry as chief overseer of federally chartered banks, the Wall Street Journal reported on Monday.
Earnings lift Europe shares, Wall Street set to open lower
LONDON (Reuters) – Forecast-beating company earnings and signs of underlying economic strength pushed European shares higher on Tuesday while tech stocks lifted Asian stocks to two-year highs as investors shrugged off sub-par Chinese factory activity d…
