As Trump targets energy rules, oil companies downplay their impact
BOSTON (Reuters) – President Donald Trump’s White House has said his plans to slash environmental regulations will trigger a new energy boom and help the United States drill its way to independence from foreign oil.
PPG executives bring their campaign to Akzo Nobel’s backyard
AMSTERDAM (Reuters) – Executives from U.S. paint maker PPG arrived in Amsterdam on Thursday to exert direct pressure on Akzo Nobel to enter talks after the Dutch company spurned an improved 22.7 billion euro ($24.5 billion) takeover proposal.
Diamond group De Beers buys out retail partner LVMH
PARIS (Reuters) – Anglo American’s diamond specialist De Beers has bought the 50 percent stake held by French luxury goods group LVMH in De Beers Diamond Jewellers for an undisclosed sum, taking full ownership of the retail operation.
China’s ZTE posts fourth-quarter net loss after U.S. sanction case fine
HONG KONG (Reuters) – Chinese telecommunications equipment maker ZTE Corp on Thursday reported a net loss of 5.22 billion yuan ($760 million) in fourth-quarter profit, as it booked a $892 million charge to settle a U.S. sanctions case.
Teva Pharm says media reports of up to 6,000 layoffs incorrect
JERUSALEM (Reuters) – Teva Pharmaceutical Industries’ plans to end unprofitable activities and freeze recruitment, but said Israeli media reports of up to 6,000 layoffs were incorrect.
China’s Chery files trademark complaint against Mercedes over green car brand
BEIJING (Reuters) – Chinese automaker Chery Automobile Co Ltd [CHERY.UL] has filed a complaint with the country’s trademark regulator over Mercedes-Benz’s use of the “EQ” name for a line of green-energy vehicles, throwing up a potential road block for …
Exclusive: Westinghouse’s clients gear up for bankruptcy fight – sources
(Reuters) – The U.S. utilities that are clients of Toshiba Corp’s nuclear power plant construction subsidiary, Westinghouse Electric Co LLC, have hired advisers to prepare for its potential bankruptcy, according to people familiar with the matter.
Global stocks, bonds cheer bumper ECB cash handout
LONDON (Reuters) – Euro zone stocks and bonds rallied on Thursday as banks snapped up almost quarter of a trillion euros of interest-free European Central Bank cash in what the ECB hopes will be the last outing for one of its main crisis-fighting tools…
Oil up from four-month lows, inventories curb recovery
LONDON (Reuters) – Oil prices climbed off four-month lows on Thursday but the recovery was cautious with investors fretting that OPEC-led supply cuts were not yet reducing record U.S. crude inventories.
Wells Fargo introduces cardless ATMs across U.S. in digital push
NEW YORK (Reuters) – Starting on Monday, Wells Fargo & Co depositors can withdraw money using a smartphone at any branded ATM, the latest sign of U.S. lenders moving away from traditional brick-and-mortar banking.
