ADM starts expansion of Santos grain terminal in Brazil
SAO PAULO (Reuters) – U.S. trader Archer Daniels Midland said on Tuesday it has begun work on expanding its bulk grains terminal and silo space at Brazil’s port of Santos.
U.S., Volkswagen may not reach emissions deal by April 21 – government official
(Reuters) – The top U.S. environmental official expressed uncertainty on Tuesday about whether the Obama administration and Volkswagen AG will meet an April 21 court deadline to come up with a plan to address excess emissions from 580,000 diesel vehicl…
Bank of Montreal CEO plays down the impact of oil price slump
TORONTO (Reuters) – Bank of Montreal’s top executive played down the impact of the drop in oil prices, saying the lender’s consumer loan delinquencies had not risen and that struggling energy companies would restructure rather than fail.
France’s Royal offers nuclear plant site for Tesla factory
PARIS (Reuters) – French Energy Minister Segolene Royal has suggested to Tesla founder Elon Musk that he builds an electric car factory on the site of France’s oldest nuclear reactor after it closes at the end of the year, AFP reported on Tuesday.
U.S. trade data points to weak first-quarter growth
WASHINGTON (Reuters) – The U.S. trade deficit widened more than expected in February as a rebound in exports was offset by an increase in imports, the latest indication that economic growth weakened further in the first quarter.
Oil glut up close: How Cushing copes with full crude tanks
CUSHING, OK (Reuters) – From the air above this small Oklahoma town, the 300 steel oil storage tanks that dot the landscape appear filled to the brim, their floating lids bobbing atop more than 65 millions of barrels of oil.
Starboard’s Jeff Smith resigns as Darden chairman
(Reuters) – Olive Garden owner Darden Restaurants Inc’s chairman, Jeffrey Smith, head of Starboard Value LP, has resigned 18 months after engineering the ouster of the company’s board.
Disney expands search for new CEO, COO Staggs leaving
LOS ANGELES (Reuters) – Tom Staggs, the veteran Walt Disney Co executive who had been widely seen as the media company’s next CEO, will step down on May 6 as the board expands its search for a successor to Bob Iger, Disney said on Monday.
Dollar slides to 17-month low vs yen as stocks, oil fall
LONDON (Reuters) – The dollar fell on Tuesday to its weakest against the yen since October 2014 as investors pulled away from riskier assets, pushing shares and oil prices lower as the outlook for U.S. interest rates remained clouded.
IMF chief ramps up call for global action as growth risks increase
FRANKFURT (Reuters) – The global economy’s already modest prospects will decline further unless authorities take stronger action to boost growth, the head of the IMF warned on Tuesday, saying the Fund would cut its headline forecasts next week.
