U.S. shale plots production growth despite OPEC’s warning
HOUSTON (Reuters) – U.S. shale oil producers are plotting ambitious production growth outside the red-hot Permian Basin in Texas, widening a resurgence that could confound OPEC’s strategy to tighten global supplies.
Samsung Group chief denies all charges as ‘trial of the century’ begins
SEOUL (Reuters) – The head of South Korea’s Samsung Group, Jay Y. Lee, denies all charges against him, his lawyer said on Thursday, at the start of what the special prosecutor said could be the “trial of the century” amid a political scandal that has r…
China gives greenlight to dozens of Trump trademarks
SHANGHAI/WASHINGTON (Reuters) – China has granted preliminary approval for 38 trademarks linked to Donald Trump, documents on China’s state trademark office show, giving the U.S. President and his family protection were they to develop the “Trump” bran…
No matador in sight as bull market in U.S. stocks turns eight
NEW YORK (Reuters) – The run of gains on Wall Street turns 8 years old on Thursday and, despite its advanced age, is expected to rage on, with perhaps a few hiccups, based on a combination of stronger company earnings, lower taxes and a corporate-frien…
Mexico cranks up antitrust rules against Slim’s America Movil
MEXICO CITY (Reuters) – Billionaire Carlos Slim’s America Movil said on Wednesday that the Mexican telecommunications regulator had stepped up antitrust rules against the company, including ordering it to separate out part of its fixed-line infrastruct…
China February producer inflation fastest in nearly nine years as commodities surge
BEIJING (Reuters) – China’s producer price inflation accelerated to its fastest pace in nearly nine years in February and by more than expected as prices of steel and other raw materials extended a torrid rally, boosting profits for industrial companie…
Electronics store RadioShack files for bankruptcy again
(Reuters) – U.S. electronics chain RadioShack Corp filed for bankruptcy on Wednesday for the second time in a little over two years, faced with a challenging retail environment and an unsatisfying partnership with wireless provider Sprint Corp.
Exclusive – Toshiba’s Westinghouse calls in U.S. bankruptcy lawyers: sources
(Reuters) – Westinghouse Electric Co LLC, the U.S. nuclear power plant developer owned by troubled Japanese electronics giant Toshiba Corp, has brought in bankruptcy attorneys from law firm Weil Gotshal & Manges LLP, people familiar with the matter said on Wednesday.
Uber works to mend relationship with regulators
SAN FRANCISCO (Reuters) – Uber Technologies Inc is working to mend its relationship with regulators as pressure mounts for the company to improve its business practices and temper Chief Executive Travis Kalanick’s aggressive leadership style.
Dollar firm in Asia, resource shares on the run
SYDNEY (Reuters) – The dollar stood firm in Asia on Thursday and bond yields spiked after super-strong U.S. jobs data made a rate hike a near certainty, while oil struggled to find its footing after U.S. stockpiles swelled past all expectations.
