EU loses WTO case, China could seek trade sanctions
GENEVA (Reuters) – China could demand trade sanctions against the European Union after winning an appeal on Monday in a dispute at the World Trade Organization over EU tariffs imposed on Chinese imports of screws, nuts and bolts made of iron or steel.
Oil stays under pressure as Iran orders sharp rise in crude output
SINGAPORE (Reuters) – Oil futures remained under pressure on Tuesday following a slide that has seen prices fall by more than a quarter since the beginning of the year as the full return of Iran to oil markets adds to an already huge supply overhang.
Mexico’s Walmex says begins process to sell clothes chain Suburbia
MEXICO CITY (Reuters) – Mexican retailer Walmex said on Monday it has begun the process to sell clothing retail chain Suburbia, as part of its efforts to focus on its core business.
Oil slumps below $28 to 2003 low as Iran sanctions lifted
(Reuters) – Oil prices slumped to a 2003 low below $28 per barrel on Monday as the market anticipated a rise in Iranian exports after the lifting of sanctions against Tehran over the weekend.
Two medical colleagues duel over Sumner Redstone’s mental fitness
(Reuters) – Doctors Stephen Read and James Spar are collaborators on a chapter of a forthcoming psychiatry textbook, colleagues at UCLA’s medical school and go-to court experts on the evaluation of mental fitness in the elderly. In the 2014 fight over whether owner Donald Sterling was fit to decide the fate of the Los Angeles Clippers basketball team, the two psychiatrists agreed that he was not.
Volkswagen faces shareholder claims over emissions scandal
FRANKFURT (Reuters) – Dozens of large shareholders in Volkswagen plan to sue the carmaker in a German court, seeking compensation for the plunge in its shares due to its emissions test cheating scandal.
Airlines to enjoy low fuel in 2016, costs under spotlight
DUBLIN (Reuters) – Airlines can look forward to continuing low oil prices for at least this year, helping to boost profits and drive demand for travel, but need to be wary of a swift rebound and focus on staff costs, experts said at a conference on Mon…
Suncor reaches deal to buy Canadian Oil Sands with sweetened offer
(Reuters) – Canada’s largest oil producer Suncor Energy Inc has reached a deal to acquire rival Canadian Oil Sands Ltd on Monday by raising its all-stock offer, a move seen marking the end of a months-long battle for the synthetic crude asset.
JPMorgan shuffles senior ranks at European investment bank
LONDON (Reuters) – JPMorgan has bolstered the senior management team at its European investment bank as it seeks to increase its advisory business amid a buoyant M&A market, according to a memo seen by Reuters on Monday.
Exclusive: Hellenic Petroleum to meet Iran oil officials on Friday – source
ATHENS (Reuters) – Hellenic Petroleum, Greece’s biggest oil refiner , will meet top Iranian oil officials on Friday to discuss crude oil imports from Iran, a company source said on Monday, after world powers lifted sanctions against Tehran at the weeke…
