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Business News

Australia’s Santos gets $10.8 billion conditional bid from Harbour Energy

May 21, 2018 admin Comments Off on Australia’s Santos gets $10.8 billion conditional bid from Harbour Energy

(Reuters) – Santos Ltd said on Monday it received a revised offer from U.S.-based suitor Harbour Energy, valuing it at $10.84 billion, up 4.6 percent from an earlier offer.

…read more […]

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Business News

U.S. stock futures jump after Mnuchin says trade war ‘on hold’

May 21, 2018 admin Comments Off on U.S. stock futures jump after Mnuchin says trade war ‘on hold’

TOKYO (Reuters) – U.S. stock futures jumped on Monday as U.S. Treasury Secretary Steven Mnuchin said the U.S. trade war with China is “on hold” after the world’s two largest economic powers agreed to drop their tariff threats while they work on a wider trade agreement.

…read more […]

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Business News

Don’t neglect to pay the middleman: How Shell and Eni ended up on trial

May 21, 2018 admin Comments Off on Don’t neglect to pay the middleman: How Shell and Eni ended up on trial

LONDON (Reuters) – Seven years ago, two middlemen launched civil lawsuits to seek payment for helping arrange a $1.3 billion oil deal in Nigeria.

…read more […]

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U.S. stocks futures open higher with possible China trade war on hold

May 21, 2018 admin Comments Off on U.S. stocks futures open higher with possible China trade war on hold

(Reuters) – U.S. stock future opened higher on Sunday after Treasury Secretary Steven Mnuchin said on Sunday that the United States and China agreed to drop their tariff threats to work on a wider trade agreement.

…read more […]

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Business News

Exclusive: GE nears deal to merge transportation unit with Wabtec – sources

May 20, 2018 admin Comments Off on Exclusive: GE nears deal to merge transportation unit with Wabtec – sources

(Reuters) – General Electric Co is nearing a deal to merge its transportation business, which manufactures train engines, with Wabtec Corp , a U.S. maker of equipment for the rail industry, two people familiar with the matter said on Sunday.

…read more […]

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Business News

Exclusive: GE nears deal to merge transportation unit with Wabtec

May 20, 2018 admin Comments Off on Exclusive: GE nears deal to merge transportation unit with Wabtec

(Reuters) – General Electric Co is nearing a deal to merge its transportation business, which manufactures train engines, with Wabtec Corp , a U.S. maker of equipment for the rail industry, two people familiar with the matter said on Sunday.

…read more […]

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Business News

U.S., China putting trade war on hold, Treasury’s Mnuchin says

May 20, 2018 admin Comments Off on U.S., China putting trade war on hold, Treasury’s Mnuchin says

WASHINGTON (Reuters) – The U.S. trade war with China is “on hold” after the world’s largest economies agreed to drop their tariff threats while they work on a wider trade agreement, U.S. Treasury Secretary Steven Mnuchin said on Sunday.

…read more […]

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Business News

German companies worry Trump moving toward ‘America Alone’

May 20, 2018 admin Comments Off on German companies worry Trump moving toward ‘America Alone’

BERLIN (Reuters) – German companies are concerned that U.S. President Donald Trump is increasingly thinking only of America rather than just putting his country first, the head of Germany’s DIHK Chambers of Commerce told media.

…read more […]

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Business News

EU could compensate firms hit by U.S. sanctions over Iran: French minister

May 20, 2018 admin Comments Off on EU could compensate firms hit by U.S. sanctions over Iran: French minister

PARIS (Reuters) – France is looking to see if the European Union could compensate European companies that might be facing sanctions by the United States for doing business with Iran, said French finance minister Bruno Le Maire on Sunday.

…read more […]

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Business News

U.S. sanctions on Iran threaten vital Afghanistan trade project

May 20, 2018 admin Comments Off on U.S. sanctions on Iran threaten vital Afghanistan trade project

WASHINGTON/KABUL (Reuters) – U.S. President Donald Trump’s decision to pull out of the Iran nuclear accord and re-impose sanctions on Tehran threatens to derail a project to help build Afghanistan’s economy, endangering a key goal of the U.S. strategy to end America’s longest war.

…read more […]

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Business News

South Korea’s LG Group chairman dies from illness at 73

May 20, 2018 admin Comments Off on South Korea’s LG Group chairman dies from illness at 73

SEOUL (Reuters) – The chairman of South Korea’s LG Group, Koo Bon-moo, instrumental to transforming the country’s fourth-largest conglomerate into a global brand, passed away on Sunday after a year-long battle with brain disease.

…read more […]

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Business News

South Korea’s LG Group chairman dies at 73

May 20, 2018 admin Comments Off on South Korea’s LG Group chairman dies at 73

SEOUL (Reuters) – South Korea’s fourth-largest conglomerate LG Group said its Chairman Koo Bon-moo passed away on Sunday due to illness.

…read more […]

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Business News

South Korea’s LG Group chairman Koo Bon-moo dies: Yonhap

May 20, 2018 admin Comments Off on South Korea’s LG Group chairman Koo Bon-moo dies: Yonhap

SEOUL (Reuters) – Koo Bon-moo, the chairman of South Korea’s fourth-largest conglomerate LG Group, passed away on Sunday due to illness, the Yonhap news agency said.

…read more […]

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Business News

China agrees to import more from U.S., no sign of $200 billion figure

May 20, 2018 admin Comments Off on China agrees to import more from U.S., no sign of $200 billion figure

WASHINGTON (Reuters) – China has agreed to significantly increase its purchases of U.S. goods and services, the two countries said on Saturday, but made no mention of a $200 billion target the White House had touted earlier.

…read more […]

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Business News

China agrees to import more from U.S, no sign of $200 billion number

May 19, 2018 admin Comments Off on China agrees to import more from U.S, no sign of $200 billion number

WASHINGTON (Reuters) – China has agreed to take measures to boost imports from the United States to reduce America’s trade deficit, the two countries said on Saturday, although without mentioning the $200 billion target the White House had touted earlier.

…read more […]

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