Shell’s $13 billion China refinery project shelved: paper
(Reuters) – An 8.3 billion pound ($13 billion) project to build a refinery and petrochemical plant in eastern China involving Royal Dutch Shell has been shelved after losing political support, the Telegraph newspaper reported, citing sources.
AIG halts Berkshire reinsurance deals as rivalry heats up: report
NEW YORK (Reuters) – American International Group Inc has decided to stop signing new reinsurance contracts with Warren Buffett’s Berkshire Hathaway Inc due to competitive reasons, Bloomberg News reported, citing an unidentified person familiar with th…
Canada, Ontario sell part of GM stake for about $1.1 billion
TORONTO (Reuters) – The Canadian and Ontario governments said on Tuesday they would sell nearly a quarter of their common shares in General Motors Corp , part of a longer-term plan to shed the stock they acquired in 2009 when they helped the U.S. gover…
CFTC fails to show Corzine didn’t supervise MF Global, ex-CEO says
NEW YORK (Reuters) – The Commodity Futures Trading Commission’s lawsuit against former MF Global chief executive Jon Corzine should be dismissed because it fails to show that he didn’t properly oversee the failed brokerage firm, Corzine said in newly f…
Canada sells part of its GM stake for about $1.1 billon
TORONTO (Reuters) – The Canadian government said on Tuesday it had a deal to sell nearly a quarter of its common shares in General Motors Corp , part of a longer-term plan to shed the stake it acquired when it helped bail out the automaker.
DoubleLine’s Gundlach calls Indian stock market ‘scary’
NEW YORK (Reuters) – Jeffrey Gundlach, chief executive of DoubleLine Capital LP, on Tuesday gave a strongly negative outlook for the Indian stock market, saying it could be hit especially hard by outflows of funds from emerging markets on expected chan…
Brighter days may await stocks leaving Dow industrials
NEW YORK (Reuters) – The big shakeup in the Dow Jones industrial average’s membership may yield some surprising results when it comes to stock performance.
Analysis: German business confident as China shifts gears
BERLIN/LONDON (Reuters) – Confident or complacent, German business executives are bullish about their chances of profiting from China’s transition to an economy fired by consumption rather than investment.
Insight: Changing China set to shake world economy, again
BEIJING/LONDON (Reuters) – Long after concerns about tightening U.S. monetary policy have faded, a more profound issue will still dog global policymakers: how to handle the second stage of China’s economic revolution.
S&P 500 gains for sixth straight session, Apple falls
NEW YORK (Reuters) – Stocks rose on Tuesday, with the S&P 500 index advancing for its longest stretch since early July, as an alternative proposal emerged that could avert a possible Western military strike on Syria.
