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Bayer wins U.S. approval for Monsanto deal

FRANKFURT/WASHINGTON (Reuters) – Bayer won U.S. antitrust approval for its planned takeover of Monsanto on condition that it sells about $9 billion in assets, the Justice Department said on Tuesday, clearing a major hurdle for the $62.5 billion deal.

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Business News

Vedanta prepares legal challenge to India copper plant closure after fatal protest: sources

NEW DELHI (Reuters) – Vedanta Resources is working on a legal challenge to an Indian state’s closure of one of its copper smelters, but it will not proceed until tensions over the deaths of 13 people during protests last week have eased, two sources told Reuters.

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U.S. sets public hearings on auto import tariff probe

WASHINGTON (Reuters) – Less than a week after the Trump administration threatened to impose tariffs of up to 25 percent on foreign-built automobiles, the U.S. government on Tuesday said it would hold public hearings on whether the import of vehicles and auto parts represents national security risks.

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Trading Ideas

If Ignazio Is Right… Look Out Below

On our recent Chairman’s Circle Private Wealth Cruise from Rome to Marseille – with stops along the way in Villefranche-sur-Mer, Saint-Tropez, Corsica, Ibiza and other spots easy on the eye – a few of my colleagues and I decided to skip the tour of Florence.

We’d been there a few times before and so decided to spend the day visiting some of the smaller towns in Tuscany.

We hired a private driver – a chatty, middle-aged fellow named Ignazio – and headed out.

Along the way, I asked Ignazio whether he and his fellow citizens were optimistic about Italy’s future.

Despite anemic economic growth …read more […]