Oil rises as OPEC-led output cuts trim oversupply
LONDON (Reuters) – Oil strengthened slightly on Tuesday, supported by an OPEC-led effort to cut output while rising production elsewhere kept prices within the narrow ranges that have contained them so far this year.
Syngenta: U.S. regulators’ new request won’t delay ChemChina deal
ZURICH (Reuters) – Syngenta has got another request for information from U.S. anti-trust regulators reviewing a proposed $43 billion takeover by ChemChina [CNNCC.UL] but still sees the deal being completed in the second quarter, it said on Tuesday.
Fed has limited view on Trump economic policies as Yellen heads to Congress
WASHINGTON (Reuters) – Federal Reserve Chair Janet Yellen goes to Congress on Tuesday for the first time since Republicans took control of the White House and both houses of the legislature with less clarity on the direction of U.S. economic policy tha…
Britain’s Rolls-Royce posts record reported loss
LONDON (Reuters) – Rolls-Royce posted a record reported loss of 4.6 billion pounds ($5.8 billion) on Tuesday as a fine to settle bribery charges and the collapse in the pound from Brexit capped a difficult few years for the British aero engine maker.
King of cost cuts, Pouyanne readies Total for new growth era
PARIS/LONDON (Reuters) – When Patrick Pouyanne took over as the head of Total’s loss-making refinery division in 2011, he demanded a breakdown of costs for every single unit.
China forex regulator surveying Shanghai firms about potential impact of higher U.S. tariffs: sources
SHANGHAI (Reuters) – China’s foreign exchange regulator began surveying firms in Shanghai in early February about the impact on cross-border trade of possible protectionist measures by the United States, two sources said on Tuesday.
Murders, robberies of drivers in Brazil force Uber to rethink cash strategy
SAO PAULO (Reuters) – On a Thursday night last September, Uber driver Osvaldo Luis Modolo Filho accepted a ride request from a teenage couple on the eastern edge of Sao Paulo, to be paid in cash.
U.S. insurers sense opportunity in unwanted pension plans
NEW YORK (Reuters) – U.S. insurers are buying corporate pension plans at a record clip as rising interest rates and all-time high stock-market values give companies the perfect excuse to offload them.
Geeks venture into Goldman Sachs’ world of big deals and egos
NEW YORK (Reuters) – Technology whizzes who helped Goldman Sachs eliminate hundreds of trading jobs over the past few years are venturing into the bank’s flagship M&A business, making some junior bankers uneasy.
Inflation picks up to multi-year highs in China as cbank eyes tighter policy
BEIJING (Reuters) – China’s producer price inflation picked up more than expected in January to near six-year highs as prices of steel and other raw materials extended a torrid rally, adding to views that global manufacturing activity is building momen…
