East Coast refiners eye Texas oil as North Dakota alternative
NEW YORK (Reuters) – U.S. East Coast refiners are looking to buy increasing volumes of domestic crude oil from the Gulf Coast, two sources said, the latest twist in a trade flow upheaval in the wake of the opening of the Dakota Access pipeline.
Not an inside job: How two analysts became SEC whistleblowers
WASHINGTON (Reuters) – Four years ago, two analysts who liked to swap notes on numbers they thought looked odd took a fateful step and tipped off U.S. regulators about a company that one of them had watched for months.
Looming risks subdue Asia stock investors after stellar quarter
SINGAPORE (Reuters) – Investors’ enthusiasm for Asian stocks is waning as a raft of political and economic risks takes the shine off the best first-quarter returns in 26 years.
Wells Fargo board gets black eye in shareholder vote
PONTE VEDRA BEACH, Fla./BOSTON (Reuters) – Wells Fargo & Co shareholders showed displeasure with the scandal-hit bank’s board on Tuesday, offering scant support for a dozen directors, including Chairman Stephen Sanger, in a vote capping a contentious annual meeting.
Ahead of NAFTA talks, U.S. sets 20 percent duties on Canadian softwood lumber
WASHINGTON (Reuters) – The United States will impose preliminary anti-subsidy duties averaging 20 percent on imports of Canadian softwood lumber, Commerce Secretary Wilbur Ross said on Monday, escalating a long-running trade dispute between the two nei…
Oil edges up after six days of straight losses
SINGAPORE (Reuters) – Oil prices inched up on Tuesday but markets remain under pressure following six consecutive sessions of declines as traders lose confidence that pledged output cuts by major producers will rein in oversupply in a world awash with …
World stocks rise on French vote relief, Trump tax plan talk
LONDON (Reuters) – World stocks hit record highs on Tuesday, with investors’ relief at centrist Emmanuel Macron’s victory in the first round of the French presidential election supported by speculation about U.S. tax reform.
Tom Hanks jokes Twitter CEO inspired his character in ‘The Circle’
SAN FRANCISCO (Reuters) – Oscar-winning actor Tom Hanks, who plays a Silicon Valley tycoon in the new film “The Circle” about a powerful social media company, teased Twitter Inc Chief Executive Officer Jack Dorsey on Monday that he may have been inspir…
Labor shortage a stress test for Japan’s 24/7 convenience stores
TOKYO (Reuters) – Japan’s growing labor shortage threatens the nation’s ubiquitous convenience stores, whose business model relies on an army of part-timers packing bento lunch boxes, manning cash registers and delivering goods 24/7.
Ready for take-off? China’s answer to Boeing now just needs to sell
SHANGHAI/PARIS (Reuters) – When China unveiled an historic order for its first large commercial jetliner at a national air show in 2010, Western journalists were kept away, and only local media were allowed to witness a major turning point in China’s a…
