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Updated: 9 hours 31 min ago

Amazon Web Services to boost Argentina presence with data 'Edge'

Thu, 06/27/2019 - 21:49
Amazon Web Services (AWS), a unit of Inc, said on Thursday it will bolster its presence in Latin America with an "Edge" location in Argentina, its first in the country that will help speed up use for local users.

Bayer lifted by new plan to tackle glyphosate lawsuits, Elliott approval

Thu, 06/27/2019 - 21:49
Bayer shares jumped on Thursday after it revealed plans aimed at resolving multi-billion dollar lawsuits linked to glyphosate, a move welcomed by activist shareholder Elliott, which has taken a sizeable stake in the chemicals company.

Global stocks gain on U.S.-China trade truce hopes, dollar flat

Thu, 06/27/2019 - 21:42
Global equity markets gained and the dollar held steady on Thursday ahead of the G20 summit where a much-anticipated meeting of U.S. President Donald Trump and Chinese President Xi Jinping may lead to a truce in the U.S.-China trade war.

Oil edges lower ahead of G20, OPEC meeting

Thu, 06/27/2019 - 21:39
Oil prices edged lower on Thursday, pressured by worries about whether the G20 summit will produce a breakthrough on trade that could strengthen the global economy and boost oil demand.

Exclusive: Pemex study details 'severe' air quality impact from Mexican refinery

Thu, 06/27/2019 - 21:10
A flagship refinery planned by Mexican President Andres Manuel Lopez Obrador would have a "severe" impact on air quality and emissions could spread to nearby towns, according to an environmental study produced by state oil company Pemex and reviewed by Reuters.

Uncertainty hangs over ADP sale as Macron faces delicate decisions

Thu, 06/27/2019 - 21:07
Bankers are telling potential buyers of the French state's majority holding in airports operator ADP that there is little clarity on the timing or size of the sale, underscoring how risky the transaction has become for President Emmanuel Macron.

Japan PM Abe, China's Xi agree on need for 'free, fair' trade

Thu, 06/27/2019 - 21:02
Japanese Prime Minister Shinzo Abe and Chinese President Xi Jinping agreed to work together to promote "free and fair trade" in talks on Thursday that included a "complicated" global economic landscape, a Japanese official said.

Gold drops as bets fade for big Fed rate cut fade; eyes on trade talks

Wed, 06/26/2019 - 23:45
Gold prices dipped on Wednesday on signals the U.S. Federal Reserve would not make too steep a cut to interest rates next month, but still held ground above the key psychological $1,400 level.

Dollar gains on lower rate cut expectations, stocks flat

Wed, 06/26/2019 - 23:43
The dollar rose and European shares fell on Wednesday as traders scaled back expectations of an aggressive cut in U.S. interest rates in July, while Wall Street rose on hopes of a China-U.S. trade breakthrough at the G20 summit later this week in Japan.

Philadelphia Energy Solutions to permanently shut oil refinery

Wed, 06/26/2019 - 23:39
Philadelphia Energy Solutions (PES) will seek to permanently shut its oil refinery in the city after a massive fire caused substantial damage to the complex, the company confirmed on Wednesday, a day after two sources told Reuters about the plans.

Corrected: U.S. manufacturing veterans launch 'microfactories' to assemble electronics

Wed, 06/26/2019 - 23:38
Bright Machines, a startup founded by a group of software and manufacturing executives, on Wednesday released its latest "microfactories" designed to automate the assembly of electronics.

Trump says possible he may make trade deal with China's Xi

Wed, 06/26/2019 - 23:17
U.S. President Donald Trump said on Wednesday it was possible he would emerge from a meeting with Chinese leader Xi Jinping this week with a deal that means there was no need to impose more tariffs on goods from China.

Oil prices rise more than 2% as U.S. crude, products stockpiles fall

Wed, 06/26/2019 - 23:14
Oil prices rose more than 2% on Wednesday and hit their highest in about a month, buoyed by U.S. government data that showed a larger-than-expected drawdown in crude stocks as exports hit a record high, and surprise drops in refined product stockpiles.

California, Canada sign memorandum to advance cleaner vehicles, fuels

Wed, 06/26/2019 - 23:09
Canada and California on Wednesday said they had signed a memorandum of understanding to advance cleaner vehicles and fuels.

Pompeo vows cooperation with India but trade, defence issues unresolved

Wed, 06/26/2019 - 23:05
U.S. Secretary of State Mike Pompeo sought to reduce heightened trade tension with India on Wednesday, promising a renewed focus on negotiating better ties, but giving few specifics of how they would overcome disputes over trade and investment.

Canada says bogus certificates are being used to smuggle meat into China

Wed, 06/26/2019 - 23:02
Unknown actors are using bogus certificates to smuggle Canadian meat into China, Trade Minister Jim Carr said on Wednesday, a day after Beijing halted beef and pork imports citing falsified paperwork.

Tesla's senior production executive at Fremont facility quits - source

Wed, 06/26/2019 - 23:00
Tesla Inc's vice president of production at its Fremont factory, Peter Hochholdinger, has left after three years with the electric-car maker, a source familiar with the matter told Reuters.

WTO members concerned over U.S. farm spending, EU's Brexit plans

Wed, 06/26/2019 - 22:59
China, India, the European Union, Ukraine and Australia told the World Trade Organization on Wednesday that U.S. farm subsidies risked distorting global markets, and said they feared such funding would be repeated, a Geneva trade official said.

Saudi Arabia relaxes ownership limits for foreign investors

Wed, 06/26/2019 - 22:57
Saudi Arabia has relaxed a 49% limit for foreign strategic investors in shares of listed companies, aiming to attract billions of dollars of foreign funds as the Kingdom opens up the region's largest bourse to a more diverse investor base.

Corrected: Austrian court clears way for U.S. extradition of Ukrainian tycoon Firtash

Wed, 06/26/2019 - 22:46
(Corrects reference to business dealing with Manafort as Firtash says he declined a proposed real estate deal)