Cargill third-quarter profit rises by a third
(Reuters) – Global commodities trader Cargill Inc [CARG.UL] reported a 33 percent jump in third-quarter profit, helped by strong performance in its meat and animal nutrition business.
Lafarge, Holcim name Eric Olsen as chief of merged group
ZURICH/PARIS (Reuters) – Lafarge and Holcim have picked Lafarge insider Eric Olsen as chief executive of their combined company, potentially opening the way for the two cement groups to clinch their $40 billion merger, if shareholders back it next mont…
Uber launches autorickshaw service in Indian capital
NEW DELHI (Reuters) – Online cab-hailing company Uber will allow passengers in the Indian capital to book autorickshaws, the cheaper three-wheeled taxis, as part of a drive to boost its presence and compete with a local rival in one of its key markets….
Fed officials say June rate hike still in play, hinges on data
NEW YORK (Reuters) – The Federal Reserve could still hike interest rates in June despite weak recent U.S. data and investor skepticism, two influential officials with the central bank said on Wednesday, putting the spotlight squarely on the economy’s p…
Dollar bulls back off amid concern Fed will delay hike
BOSTON (Reuters) – Some of the biggest dollar bulls in the global bond fund sector have reversed course in recent weeks, cutting exposure to the greenback amid concern the U.S. Federal Reserve will delay a widely-anticipated interest rate hike.
Stocks gain momentum, Europe at seven-year high
LONDON (Reuters) – World stocks marched higher again on Thursday, drawing support from European auto sales and German trade data, while expectations that the first U.S. interest rate increase will come in the latter part of the year continue to grow.
China’s first-quarter economic growth seen at six-year low of 7 percent
BEIJING (Reuters) – China’s economy probably cooled further to grow 7 percent in the first three months of the year, a Reuters poll showed, which would be the weakest pace in six years and raise pressure on policymakers to do more to bolster growth.
Euro zone gives Greece six-day deadline to revise reforms: paper
ATHENS (Reuters) – Euro zone deputy finance ministers gave Athens a six working day deadline to come up with revised reform proposals to enable a deal to be reached at a Eurogroup meeting on April 24 to unlock bailout aid, Greek newspaper Kathimerini r…
Shell challenges Exxon dominance with $70 billion bid for BG
LONDON (Reuters) – Royal Dutch Shell agreed to buy smaller rival BG Group for 47 billion pounds ($70 billion) in the first major energy industry merger in more than a decade, closing the gap on market leader U.S. Exxon Mobil after a plunge in prices.
Greece will make $485 million loan payment to IMF on Thursday: government source
ATHENS (Reuters) – Greece confirmed it will pay a 450 million euro ($485 million) loan installment to the International Monetary Fund on Thursday, a government official told Reuters.
