Exclusive: Saudi to shelve, reform billions of dollars of unfinished projects – sources
RIYADH (Reuters) – Saudi Arabia’s government is ordering its ministries and agencies to review billions of dollars’ worth of unfinished infrastructure and economic development projects with a view to shelving or restructuring them, government sources s…
Most oil producers want extension of output cuts: Iran minister
DUBAI (Reuters) – Most oil producers support an extension of output cuts by OPEC and non-OPEC countries, and Iran would also back such a move, Iranian Oil Minister Bijan Zanganeh was quoted as saying.
Brazil’s Odebrecht paid $3.3 billion in bribes over a decade: reports
RIO DE JANEIRO (Reuters) – Odebrecht SA [ODBES.UL], the Brazilian engineering company at the center of a historic corruption scandal, paid out a total of about $3.3 billion in bribes in the nine years through 2014, according to testimony cited by local…
Asian economies escape ‘manipulator’ tag, but expect more pressure on trade
BEIJING (Reuters) – Asian countries escaped the currency manipulator label in the latest U.S. Treasury report, but remain wary of possible trade friction as President Donald Trump maintains his administration will seek to address trade imbalances.
United changes crew booking policy after passenger dragged off plane
(Reuters) – United Airlines said on Friday it is changing its policy on booking its own flight crews onto its planes after a man was dragged off an overbooked flight to make way for a United employee on Sunday, video of which went viral and made the ai…
BSGR sues billionaire George Soros over loss of Guinea iron project
(Reuters) – Mining company BSG Resources (BSGR) on Friday filed a lawsuit in federal court in New York accusing financier George Soros of scuttling an iron ore deal in Guinea, claiming $10 billion in damages.
Exclusive: Safran could lower, restructure Zodiac offer – source
PARIS (Reuters) – France’s Safran is exploring plans to lower its $9 billion bid for Zodiac Aerospace and may simplify its structure amid continued turmoil at the seats maker and pressure from its own shareholders, a financial source said.
Wal-Mart in advanced talks to buy Bonobos: Recode
(Reuters) – Wal-Mart Stores Inc is in advanced discussions to buy online men’s fashion retailer Bonobos Inc, Recode reported on Friday, citing sources.
Uber’s revenue hits $6.5 billion in 2016, still has large loss
(Reuters) – Ride-hailing service Uber Technologies Inc [UBER.UL] generated $6.5 billion in revenue last year and its gross bookings doubled to $20 billion, the company said on Friday.
HSBC to pay $2 million to resolve U.S. civil loan fraud lawsuit
(Reuters) – HSBC Holdings Plc has agreed to pay about $2 million to settle a civil fraud lawsuit that alleged the bank improperly attempted to get reimbursement from the federally backed U.S. Small Business Administration (SBA) on bad loans it knew we…
