GE proposes investing in Nigeria’s ailing oil refineries
LAGOS (Reuters) – General Electric Co has proposed investing in Nigeria’s oil refineries, potentially convening a consortium of companies to improve capacity at the run-down facilities.
Japan exports up for first time in 15 months, U.S. protectionism poses risks
TOKYO (Reuters) – Japan’s exports rose for the first time in 15 months in December on strong sales of electronics and car parts, a positive sign for the export-reliant economy even as U.S. protectionism threatens to hurt trade across the region and den…
Takata shares rise by daily limit, up 18.2 percent
TOKYO (Reuters) – Shares in Japanese air bag manufacturer Takata Corp gained 18.2 percent on Wednesday, rising by a daily limit of 80 yen to 519 yen ($4.56), stemming four days of steep decline brought about by investor fear of a court-mediated bankru…
U.S. agency calls for safer lithium-ion batteries after Samsung fires
(Reuters) – Safety standards for lithium-ion batteries need to be modernized following a massive recall of Samsung Electronics Co Ltd phones after faulty batteries caused fires, a U.S. government agency said on Tuesday.
Toshiba shares slip ahead of chip business sale approval
TOKYO (Reuters) – Shares of Toshiba Corp slipped in early trading on Wednesday as the company prepared to give the nod to spinning off its chip business.
Alcoa beats revenue estimates, sees higher aluminum demand
(Reuters) – Alcoa Corp reported higher-than-expected revenue in its first quarterly results after the metals company split into two in November, helped partly by a rise in alumina prices.
Trump talks to U.S. automakers, pushes for new American plants
WASHINGTON (Reuters) – U.S. President Donald Trump urged the chief executives of the Big Three U.S. automakers on Tuesday to build more cars in the country, pressing his pledge to bring jobs to America and discourage the car industry from investing in …
S&P 500, Nasdaq set records as tech, banks lead
NEW YORK (Reuters) – The S&P 500 and Nasdaq set record highs on Tuesday in a broad rally led by financial and technology stocks.
Exclusive: Brazil’s Odebrecht says anti-graft backlash threatens fines, public works
LIMA (Reuters) – A top Latin America executive of Brazil’s Odebrecht SA [ODBES.UL] pushed back against calls to bar the company from countries where it has admitted to bribery across the region, warning “radical” reactions would jeopardize its ability …
Goldman’s Cohn leaves firm with $85 million en route to Washington
(Reuters) – Goldman Sachs Group Inc’s former president and chief operating officer Gary Cohn received $85 million in cash and stock related payouts as he leaves the Wall Street firm for a new role in the Trump administration.
