Month: May 2018

ZURICH (Reuters) – Swiss food group Nestle confirmed on Wednesday it had reached an agreement with European retailers to settle a months-long pricing row.

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LONDON (Reuters) – World stocks inched higher on Wednesday after two days of losses but remained pinned down by the dollar’s recent surge and expectations that a U.S. Federal Reserve meeting later in the day will signal further policy tightening ahead.

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RIYADH (Reuters) – Saudi Arabia’s stock exchange (Tadawul) is ready from a regulatory and technical point of view to handle a listing of Saudi oil giant Aramco, the chief executive said on Wednesday.

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(Reuters) – Amazon.com Inc has made a formal offer to buy a 60 percent stake in Indian online retailer Flipkart, CNBC-TV18 reported on Wednesday, citing sources.

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HONG KONG/LONDON (Reuters) – Standard Chartered Plc beat expectations with a 20 percent rise in first quarter pre-tax profit on Wednesday, but disappointing income showed the long road ahead for its returns to hit targets after years of restructuring.

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ZURICH (Reuters) – Swiss technology group OC Oerlikon said some financial institutions still required explanations over the United States sanctions slapped on its largest shareholder, Russian oligarch Viktor Vekselberg.

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NEW YORK/TOKYO (Reuters) – Xerox Corp said its CEO and most of its board will step down to settle a suit brought by shareholders Carl Icahn and Darwin Deason, with new management planning to look at restructuring or terminating a contentious deal with Fujifilm Holdings .

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SINGAPORE (Reuters) – Asian equities eased on Wednesday, while the dollar traded near a four-month high as investors count down to the U.S. Federal Reserve’s upcoming policy statement for clues on the future pace of U.S. monetary tightening.

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BEIJING (Reuters) – Chinese President Xi Jinping’s top economic adviser, Vice Premier Liu He, will meet a top-level U.S. trade delegation in Beijing this week, state media said on Wednesday, amid a festering dispute between the world’s two largest economies.

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(Reuters) – U.S. electric utilities are expected to shut hundreds more of their coal-fired power generators in the coming years, extending a long trend away from coal and toward natural gas that has cast a pall over the mining industry.

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CHICAGO (Reuters) – Global grain marketers have seized upon trade tensions between the United States and several of its top export markets, including China, to turn around struggling trading units following one of the toughest years ever for the industry.

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(Reuters) – Nikola Motor Co, which makes hydrogen-powered semi trucks, filed a lawsuit on Tuesday against electric automaker Tesla Inc alleging design patent infringements.

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SEOUL (Reuters) – At the 2013 annual Consumer Electronics Show in Las Vegas, flashy organic light-emitting diode (OLED) televisions sporting credit card-thin screens were at the front and center of Samsung Electronics’ new gadgets display.

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