LNG producers turn to trading, risk taking to maintain market share
CHIBA, Japan (Reuters) – Producers of liquefied natural gas (LNG) have shot themselves in the foot with oversupply, and face calls for flexibility and greater competition from other fuels that may force them to take more risks and start trading just li…
Exclusive: China’s Great Wall Motor eyes plant in Mexico states hit by Trump – sources
MEXICO CITY/BEIJING (Reuters) – Chinese automaker Great Wall Motor Co Ltd is considering building an auto plant in two Mexican states hit by U.S. President Donald Trump’s drive to make American companies invest at home, sources said.
McDonald’s U.S. appoints three to senior roles
(Reuters) – McDonald’s Corp’s U.S. unit said it appointed Morgan Flatley as U.S. chief marketing officer, Farhan Siddiqi to head U.S. Digital and Linda VanGosen as the head of U.S. Menu.
U.S. regulator fines Credit Suisse unit, adviser over improper investments
(Reuters) – Credit Suisse Securities (USA), a unit of Credit Suisse AG , and a former investment adviser have agreed to pay about $8 million in fines to settle charges relating to improper investments, the U.S. Securities and Exchange Commission said.
Apple aims for more control, less cost as it accelerates in chip design
SAN FRANCISCO (Reuters) – Apple Inc’s decision to stop licensing graphics chips from Imagination Technologies Group Plc is the clearest example yet of the iPhone maker’s determination to take greater control of the core technologies in its products – b…
No big bets ahead of Trump-Xi meeting; oil, metal prices firm
LONDON (Reuters) – Caution prevailed across major markets on Wednesday before a potentially tense meeting between U.S. President Donald Trump and his Chinese counterpart Xi Jinping this week, although metals and oil prices firmed on hope of better glob…
Samsung to ride soaring chip profits in first quarter, Galaxy S8 aura in 2017
SEOUL (Reuters) – Record earnings at Samsung Electronics Co Ltd’s chip division are set to propel the tech giant’s first-quarter profit to a three-and-a-half-year high, and the quarters ahead could be even better if its newest smartphone, Galaxy S8, i…
Krispy Kreme-owner JAB to buy bakery chain Panera Bread
(Reuters) – JAB Holdings, the owner of Caribou Coffee and Krispy Kreme Doughnuts, said on Wednesday it would buy bakery chain Panera Bread Co for $7.2 billion, as it expands its coffee and breakfast empire through the biggest-ever U.S. restaurant deal…
GM’s German-made Buick highlights risks from trade policy
DETROIT (Reuters) – General Motors Co on Tuesday unveiled a German-made Buick crossover wagon it plans to sell in the United States, and in so doing highlighted the U.S. auto industry’s vulnerability to shifting trade politics.
Petrobras says Exxon expressed ‘strong interest’ in pre-salt oil
SAO PAULO (Reuters) – U.S. oil company Exxon Mobil Corp expressed to Brazil’s state-controlled company Petrobras “strong interest” in the exploration of deep-water oil fields off the Brazilian coast, Petrobras Chief Executive Pedro Parente said on Tu…
