US Business

Australian grocer Coles eyes $685 mln in savings, shares jump

02h29 Coles Group Ltd , Australia's second-biggest grocery chain, on Tuesday unveiled a plan to cut A$1 billion ($685 million) in costs over the next four years, as it looks to technology to offset rising labour. . .  Full story

Pfizer makes $10.6 bln cancer bet in cash deal for Array Biopharma

01h03 Pfizer Inc said on Monday it would buy Array Biopharma Inc for $10.64 billion in cash, a deal it hopes will help make it a leader in colon cancer and build up its pipeline. . .  Full story

Banks to include CO2 emission measures in shipping loan decisions

01h01 A group of leading banks will for the first time include efforts to cut carbon dioxide emissions in their decision making when providing shipping company loans, executives said on Tuesday.. . .  Full story

Bah humbug! Trump's plan for more China tariffs to hit festive shoppers

17/06 This year's holiday season could be tighter for many Americans if the U.S. government imposes tariffs on another $300 billion worth of Chinese imports - because that will include tech products, game consoles, toys, cribs,. . .  Full story

U.S. Senator Rubio targets Huawei over patents

17/06 U.S. Senator Marco Rubio filed legislation on Monday that would prevent Huawei Technologies Co Ltd from seeking damages in U.S. patent courts, after the Chinese firm demanded that Verizon Communications Inc pay $1 billion. . .  Full story

U.S. firms say China tariffs will raise costs, see few sourcing alternatives

17/06 A wide range of U.S. companies told a hearing in Washington on Monday that they have few alternatives other than China for producing clothing, electronics and other consumer goods as the Trump administration prepares new. . .  Full story

Corn sets 5-year high, soybeans advance on poor U.S. weather

17/06 U.S. corn futures touched a five-year high on Monday and soybeans advanced, supported by forecasts for more rains in the Midwest where wet conditions have delayed plantings and cast doubts on production prospects, analysts said.. . .  Full story

Faith in the Fed nudges Wall Street higher

17/06 Wall Street edged higher on Monday, supported by Facebook, Amazon and Apple, as investors awaited a key Federal Reserve meeting that is expected to lay the groundwork for an interest rate cut later this. . .  Full story

Canada's Trudeau to meet with Pelosi, McConnell on USMCA-sources

17/06 Canadian Prime Minister Justin Trudeau this week is set to meet with Democratic Speaker of the House Nancy Pelosi and the U.S. Senate majority leader Mitch McConnell, a Republican, in a bid to fast-track. . .  Full story

Sotheby's snapped up by French tycoon Drahi for $3.7 bln

17/06 Franco-Israeli cable magnate Patrick Drahi made a surprise move into the art world by snapping up Sotheby's in a deal worth $3.7 billion, marking the art auction house's return to private ownership after 31 years.. . .  Full story

Wafer maker Siltronics warns U.S.-China trade tussle to hit sales, profits

17/06 Siltronic, a German maker of wafers used to make silicon chips, became the latest firm in the semiconductor industry to warn that U.S. restrictions on exports to China would hit sales and profitability.. . .  Full story

U.S. yields ease on soft data ahead of Fed decision this week

17/06 U.S. Treasury yields fell on Monday in choppy trading, weighed down by softer-than-expected U.S. economic data and persistent pressure from the trade conflict with China, as investors brace for this week's Federal Reserve monetary policy. . .  Full story

U.S. shale oil output to rise to record 8.52 mln bpd in July -EIA

17/06 U.S. oil output from seven major shale formations is expected to rise by about 70,000 barrels per day (bpd) in July to a record 8.52 million bpd, the U.S. Energy Information Administration said in. . .  Full story

Virginia ban on uranium mining upheld by U.S. Supreme Court

17/06 The largest-known U.S. uranium deposit will remain firmly under ground after the Supreme Court on Monday upheld Virginia's ban on mining the radioactive metal, rebuffing a challenge backed by President Donald Trump's administration to the. . .  Full story

Deutsche Bank plans to pare U.S. equities business to skeleton operation -sources

17/06 Deutsche Bank plans to dramatically reduce the size of its U.S. equities business, leaving only a skeleton operation in place to service corporate and high-net-worth clients, three sources familiar with the matter told Reuters.. . .  Full story

White House will not invite Israeli officials to Bahrain event -senior U.S. official

17/06 The White House will not invite Israeli government officials to a Bahrain conference devoted to gaining support for a Palestinian economic plan in order to keep the event apolitical, a senior administration official said on. . .  Full story

Enterprise Products explores sale of Texas oil terminal stake -document

17/06 U.S. pipeline operator Enterprise Products Partners LP is looking to sell its 50% stake in a recently-completed South Texas crude export terminal, according to a marketing document viewed by Reuters.. . .  Full story

White House will not invite Israeli officials to Bahrain conference to keep event apolitical -senior US official

17/06 The White House does not plan to invite Israeli government officials to a Bahrain conference devoted to gaining support for a Palestinian economic revitalization plan in order to keep the event apolitical, a senior administration. . .  Full story

Infineon launches 1.5 bln euro capital hike to help fund Cypress deal

17/06 Infineon Technologies said on Monday it was launching an accelerated capital increase to raise 1.5 billion euros ($1.68 billion) towards the cost of its planned acquisition of Cypress Semiconductor.. . .  Full story

Iran, Russia talks end without deal on OPEC+ meeting date

17/06 Iran's oil minister met his Russian counterpart in Iran on Monday, industry sources said, raising hopes of progress in resolving an impasse over when OPEC and its allies will hold their next policy gathering.. . .  Full story

Deutsche Bank to set up 50 bln euro bad bank in revamp

17/06 Deutsche Bank is planning to overhaul its trading operations by creating a so-called bad bank to hold tens of billions of euros of non-core assets, a source close to the matter said on Monday.. . .  Full story

Soaring corn prices pinch Brazil meatpackers amid Chinese meat bonanza

17/06 Brazilian pork and poultry processors, who have benefited from strong exports to China amid the African swine fever outbreak, are starting to feel the pinch now at home as prices soar for corn, the. . .  Full story

Drahi says to keep focus on TMT businesses after Sotheby's deal

17/06 Billionaire Patrick Drahi said on Monday he would remain focused on his main telecoms and media businesses and would not sell any shares in his Altice Europe NV business to fund his acquisition of. . .  Full story

Trump and Modi's lavish farm payouts prompt questions at WTO

17/06 Massive farm-support plans in the United States and India are being scrutinised by other World Trade Organization members, questions submitted to the WTO's quarterly agriculture committee meeting showed on Monday.. . .  Full story

Wife of former Nissan boss Ghosn urges Trump to help her husband

17/06 The wife of former Nissan Motor chairman Carlos Ghosn urged U.S. President Donald Trump to raise her husband's case with Japan's prime minister at a summit of world leaders later this month.. . .  Full story

TSX edges higher as financial shares rise

17/06 Canada's main stock index edged higher on Monday, as shares of financial companies gained ahead of a key U.S. Federal Reserve policy meeting that could determine the path of future interest rate cuts.. . .  Full story

China, U.S. pushed trade barriers to record high in 2018 - EU

17/06 Protectionism across the globe reached a record high last year due to new barriers designed to restrict trade into China and the United States, according to a report by the European Commission published on. . .  Full story

Russian wheat prices seen edging up on dry Black Sea weather

17/06 Russian export prices for the new wheat crop, due to arrive on the market this summer, remained broadly stable last week, with analysts forecasting a possible rise on continued dry and hot weather in. . .  Full story

German prosecutors file charges over sham trades

17/06 German prosecutors filed criminal charges against two British bankers, accusing the pair of involvement in a fraud that cost the state 440 million euros ($494.4 million), a German court said on Monday, as the country's. . .  Full story

Huawei says U.S. ban hurting more than expected, to wipe $30 bln off revenue

17/06 China's Huawei Technologies Co Ltd has taken a harder-than-expected hit from a U.S. ban, the company's founder and CEO Ren Zhengfei said, and slashed revenue expectations for the year.. . .  Full story

China pulls WTO suit over claim to be a market economy

17/06 China has halted a dispute at the World Trade Organization over its claim to be a market economy, a panel of three WTO adjudicators said on Monday, meaning Beijing must accept continued EU and. . .  Full story

Indonesia becomes latest Southeast Asian country to return waste to the West

17/06 Indonesia has sent back a consignment of Canadian paper waste, imported via the United States, because it was contaminated with material including plastic, rubber and diapers, the environment ministry said.. . .  Full story

Iraq lifts production at Exxon’s West Qurna 1 oilfield to 465,000 bpd - officials

17/06 Production at Iraq's giant West Qurna 1 oilfield in the south has reached 465,000 barrels per day (bpd) after the completion of new crude processing facilities and oil storage tanks, Iraqi oil officials said on. . .  Full story

Oilfield services firms Keane Group, C&J Energy to merge-sources

17/06 Keane Group Inc and C&J Energy Services Inc are set to merge in an all-stock deal that will create a new U.S. oilfield services company worth around $1.5 billion, three people familiar with the. . .  Full story

Boeing says sorry for MAX 737 crashes, promises to learn lessons

17/06 Boeing executives took turns to apologise for the loss of life in two 737 MAX crashes and pledged to apply lessons of the crisis to future planes as the world's largest aerospace company struck. . .  Full story

JD.com may list logistics unit in future but no plan currently-exec

17/06 Chinese e-commerce giant JD.com Inc may list its logistics unit in the future but it currently has no clear plan, a senior company executive said on Monday.. . .  Full story

Shanghai shares rise on stimulus hopes; all eyes on Trump-Xi meeting

17/06 Chinese stocks ticked up on Monday on expectations of further policy support, but trading remained subdued as investors awaited cues from the U.S.-China trade negotiations at the G20 summit later this month.. . .  Full story

U.S. military firms likely to face China rare earth restrictions - Global Times

17/06 Military equipment firms in the United States will likely have their supply of Chinese rare earths restricted, the Global Times said on Monday, after China's state economic planner confirmed industry experts have proposed export controls.. . .  Full story

GE says forced to redesign part for GE9X jet engine

17/06 GE Aviation has found unexpected wear in a part for its new engine for the new Boeing 777X passenger plane, forcing a delay of several months while it redesigns and tests the part, the. . .  Full story

Fed likely to resist pressure to cut U.S. rates this week

17/06 The U.S. Federal Reserve, facing fresh demands by President Donald Trump to cut interest rates, is expected to leave borrowing costs unchanged at a policy meeting this week but possibly lay the groundwork for a. . .  Full story

Ping An's OneConnect leaning towards New York over Hong Kong for IPO -sources

17/06 Ping An Insurance's OneConnect financial technology unit is leaning toward picking New York over Hong Kong for its initial public offering (IPO) in the hope of achieving a higher valuation, three people with direct knowledge. . .  Full story

Japan Display, in need of funds, says Taiwan's TPK decided not to invest

17/06 Japan Display Inc on Monday said it has received notice from TPK Holding Co Ltd that the Taiwanese screen maker has decided not to invest a proposed $230 million, muddying the outlook for the Apple. . .  Full story

U.S. chipmakers quietly lobby to ease Huawei ban -sources

17/06 Huawei's American chip suppliers, including Qualcomm and Intel, are quietly pressing the U.S. government to ease its ban on sales to the Chinese tech giant, even as Huawei itself avoids typical government lobbying, people familiar. . .  Full story

Australian rare earth miners push development deals to counter China grip

17/06 Rare earth developers in Australia say they are edging closer to signing deals with new customers that would drive forward their projects amid mounting global supply concerns over the minerals that are crucial to high-tech. . .  Full story

Goldman Sachs combining its private-investing units - WSJ

16/06 Wall Street bank Goldman Sachs Group Inc is combining its private-investing arms, with the resulting new division to have about $140 billion in assets, the Wall Street Journal reported on Sunday, citing people familiar with. . .  Full story

Deutsche Bank to set up 50 bln euro bad bank -FT

16/06 Deutsche Bank is planning to overhaul its trading operations by creating a "bad bank" to hold tens of billions of euros of assets and shrinking or shutting its U.S. equity and trading businesses, the. . .  Full story

Goldman skeptical of 'insurance' U.S. rate cuts from Fed

16/06 Goldman Sachs economists said on Sunday they are skeptical of "insurance" U.S. interest rate decreases from the Federal Reserve to forestall possible slowing in U.S. economic growth due to global trade tensions.. . .  Full story

Intel launches project to help Israeli tech start-ups

16/06 Intel Corp launched a project on Sunday to help start-ups in Israel develop technologies in artificial intelligence (AI) and autonomous systems, and said it planned to bring the scheme to other countries as well.. . .  Full story

Bangladesh garment manufacturers seek higher export subsidies

16/06 Garment manufacturers in Bangladesh on Sunday demanded higher export subsidies from the government, saying proposals in the latest national budget, unveiled last week, were not enough to compensate for higher production costs and low prices.. . .  Full story

Canada backs startup to boost data on space debris

16/06 The Canadian government's contracting arm is backing a proposed new satellite system that will use big data analytics to provide commercially available data about the Earth and its orbit amid growing concerns about the risks. . .  Full story

Saudi Arabia hires Goldman, SocGen for bond meetings in Europe - sources

16/06 Saudi Arabia has hired Goldman Sachs and Societe Generale to help arrange meetings with fixed income investors in the coming days, sources familiar with the matter said, potentially paving the way for the kingdom. . .  Full story

China's FedEx probe should not be seen as retaliation - Xinhua

16/06 China's investigation into FedEx Corp over misdirected mail should not be regarded as retaliation against the U.S. company, state news agency Xinhua said on Sunday, amid worsening relations between China and the United States.. . .  Full story

China prepared for long trade fight with the US - party journal

16/06 The United States has underestimated the Chinese people's will to fight a trade war and Beijing is prepared for a long economic battle, an influential Chinese Communist Party journal said on Sunday.. . .  Full story

IMF proposes improvements to EU plan to develop capital market

15/06 The International Monetary Fund has proposed that the European Union improve transparency, regulatory oversight and insolvency rules in its proposals to create a stronger capital market system, a senior IMF official said.. . .  Full story

U.N. chief calls on EU to raise 2030 climate goal to 55%

15/06 U.N. Secretary-General Antonio Guterres has called on the European Union to aim for a 55% cut in greenhouse gas emissions by 2030, far more than the bloc's current target for a 40% reduction.. . .  Full story

U.S. allows Iraq to import Iranian energy for three more months

15/06 The United States has allowed Iraq to import Iranian gas for its power grid for another three months by extending a waiver to sanctions - but insists that Baghdad seek alternative sources.. . .  Full story

CFM erases jet engine output delay, cautious on rate increases

15/06 CFM International has caught up with delays in deliveries of its LEAP jet engine after keeping its assembly lines running at high speed while the Boeing 737 MAX remains grounded, the French-American engine maker said. . .  Full story

Court grants American Airlines' request to end "devastating" slowdown by unions

15/06 A U.S. federal court on Friday granted American Airlines Group Inc's request to halt an alleged illegal slowdown by its mechanics' unions that the airline said had become "devastating" to its operations.. . .  Full story

VW's Tennessee workers vote against union representation

15/06 Workers at Volkswagen AG's assembly plant in the state of Tennessee narrowly voted against union representation, dealing a fresh blow to the United Auto Workers' (UAW) efforts to unionize a foreign automaker's plant in the. . .  Full story

Trump presses Lockheed to keep open a Pennsylvania plant slated for closure

15/06 U.S. President Donald Trump on Friday urged Lockheed Martin Corp to keep open its Sikorsky helicopter plant in Coatesville, Pennsylvania, a week after the weapons maker announced the planned closure of the facility.. . .  Full story

U.S. to launch public hearings on additional China tariffs next week

15/06 The U.S. Trade Representative's Office on Monday will kick off seven days of testimony from U.S. retailers, manufacturers and other businesses about President Donald Trump's plan to hit another $300 billion worth of Chinese goods. . .  Full story

Health Canada to allow some edible cannabis products starting mid-December

15/06 Health Canada said http://pdf.reuters.com/htmlnews/htmlnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20190614:nCNWmFHMga on Friday that some edible cannabis products, extracts and topicals would be sold in physical or online stores from mid-December.. . .  Full story

Chicken producer Perdue enters crowded plant-based meat market

15/06 Perdue Foods, one of America's largest chicken producers, said it will sell frozen chicken nuggets mixed with cauliflower, chickpeas and plant protein to address a growing demand for products combining meat and vegetables.. . .  Full story

Corn reaches 5-year high on crop uncertainty, firm cash; soy also firm

14/06 Chicago corn futures climbed to their highest level in five years on Friday as forecasts for more showers in the eastern Midwest next week clouded U.S. production prospects, analysts said. Soybeans. . .  Full story

U.S. drugmakers file lawsuit against requiring drug prices in TV ads

14/06 U.S. drugmakers filed a lawsuit on Friday challenging a new government regulation that would require them to disclose the list price of prescription drugs in direct-to-consumer television advertisements.. . .  Full story

U.S. green groups ramp up legal attacks on federal oil leases

14/06 U.S. environmental groups fighting fossil-fuel development made headlines years ago with public demonstrations against big pipeline projects including the Dakota Access and the Keystone XL - only to be steamrolled by President Donald Trump’s executive. . .  Full story

Wall Street ends down; Broadcom warning hits chip stocks

14/06 U.S. stocks ended lower on Friday as investors were cautious going into next week's Federal Reserve meeting, while a warning from Broadcom of a broad weakening in global demand weighed on chipmakers and added. . .  Full story

Allianz closes on acquisition at New York's 30 Hudson Yards

14/06 Allianz SE said on Friday it closed its acquisition of a stake in New York's second-tallest office tower for 342 million euro ($384 million) and an undisclosed amount of debt, increasing its footprint in the. . .  Full story

Bumble owner to spend $100 mln on dating apps

14/06 The owner of dating app Bumble said on Friday it would revamp its holding structure and spend $100 million, as it looks to better compete with Match Group's Tinder.. . .  Full story

Oil rises but ends week lower on demand fears despite Mideast tensions

14/06 Oil rose about 1% on Friday after attacks on two oil tankers in the Gulf of Oman this week raised concerns about potential supply disruptions, but prices remained on track for a weekly loss. . .  Full story

Perdue Foods enters crowded plant-based alternative meat market

14/06 Perdue Foods, one of America's largest chicken producers, said it will sell frozen chicken nuggets mixed with cauliflower, chickpeas and plant protein to address a growing demand for products combining meat and vegetables.. . .  Full story

Chewy shares surge 63% in debut as investors bank on booming pet market

14/06 Shares of Chewy Inc soared 63% in their public debut, giving the online pet products retailer a market value of $14.35 billion, more than four times the price PetSmart paid for it in 2017.. . .  Full story

Yield curve flatter with all eyes on the Fed

14/06 Short-dated U.S. Treasury yields rose on Friday, flattening the yield curve, after solid data subdued investor fears of rapid economic decline in the second quarter and decreased expectations the Federal Reserve would cut rates at. . .  Full story

White House economic adviser Hassett still looking at 3% GDP year- CNBC

14/06 U.S. gross domestic product could still grow at a 3% rate this year, White House Council of Economic Advisers Chairman Kevin Hassett told CNBC on Friday.. . .  Full story

Canada's health regulator says some cannabis products to launch mid December

14/06 Health Canada said http://pdf.reuters.com/htmlnews/htmlnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20190614:nCNWmFHMga on Friday that some edible cannabis products, extracts and topicals will be sold in physical or online stores from mid December.. . .  Full story

Strong U.S. retail sales improve economy's fortunes

14/06 U.S. retail sales increased in May and sales for the prior month were revised higher, suggesting a pick-up in consumer spending that eased fears the economy was slowing down sharply in the second quarter.. . .  Full story

U.S. oil drillers cut rigs for second week in a row -Baker Hughes

14/06 U.S. energy firms reduced the number of oil rigs operating for a second week in a row, with the country's production growth expected to slow as crude prices dropped close to their lowest levels. . .  Full story

Wall St Week Ahead-All eyes on Fed as stock market pines for rate cut

14/06 The Federal Open Market Committee meeting next week is shaping up as a pivotal one for Wall Street, with stocks primed for a selloff should the Fed fail to take an even more dovish. . .  Full story

VW to float 10% of truck unit, seeks to raise 1.9 bln euros

14/06 Volkswagen aims to raise up to 1.9 billion euros ($2.1 billion) by listing truck unit Traton, it said on Friday, scaling back earlier ambitions to list up to a quarter of the unit by. . .  Full story

EU's Malmstrom hopes Trump, Xi can meet and reduce trade tensions

14/06 European Union Trade Commissioner Cecilia Malmstrom is hoping U.S. President Donald Trump meets his Chinese counterpart, Xi Jinping, at the G20 summit in Japan later this month to try to reduce trade tensions between. . .  Full story

Barnes & Noble says it did not get any other bids before Elliott's deadline

14/06 Barnes & Noble Inc said on Friday it had not received any other offers from prospective bidders before Elliott Management's "keep-shop" deadline.. . .  Full story

Mexico says no unlimited asylum, Trump confirms 'safe third country' plan

14/06 Mexico has not accepted that the United States send it an unlimited number of asylum seekers, Foreign Minister Marcelo Ebrard said, ahead of meetings with U.S. officials on Friday to determine the expansion of a. . .  Full story

TSX falls as technology shares drag

14/06 Canada's main stock index fell on Friday, mirroring weakness in global markets, after U.S. chipmaker Broadcom's reduced forecast and downbeat industrial data out of China came as fresh evidence of the U.S.-China trade war pressuring. . .  Full story

U.S. business inventories rebound; sales fall

14/06 U.S. business inventories rebounded in April as sales fell, but inventory accumulation is still expected to be a drag on economic growth in the second quarter.. . .  Full story

Trump says ready to hold talks with Iran despite tanker attacks

14/06 U.S. President Donald Trump said on Friday he was ready to launch talks with Iran whenever it was ready, even as he blamed Tehran for attacks on two oil tankers in the Gulf of. . .  Full story

Trump: Strait near Oman will not be closed, or at least not for long

14/06 U.S. President Donald Trump on Friday said the Strait of Hormuz, a key commercial shipping route, would not be closed following attacks on two oil tankers in the Gulf of Oman, or at least. . .  Full story

U.S. factory output posts first monthly growth of 2019

14/06 U.S. manufacturing output rose in May, the first monthly gain this year, as an increase in the production of motor vehicles and parts countered declines in the making of metals and aerospace equipment.. . .  Full story

U.S. retail sales rise in May; April revised higher

14/06 U.S. retail sales increased in May and sales for the prior month were revised higher, suggesting a pick-up in consumer spending that could ease fears the economy was slowing down sharply in the second. . .  Full story

United States suspends WTO intellectual property litigation against China

14/06 The United States has halted a World Trade Organization dispute over China's treatment of intellectual property rights until Dec. 31, the WTO dispute panel hearing the case said in a statement published on Friday.. . .  Full story

STATEMENT

14/06 . . .  Full story

China launches inquiry into FedEx parcel delivery errors - Xinhua

14/06 Chinese authorities have launched an investigation into FedEx Corp over parcels delivered to the wrong addresses, China's official Xinhua news agency reported on Friday.. . .  Full story

India set to levy higher tariffs on some U.S. goods next week - sources

14/06 India is preparing to impose higher tariffs on some U.S. goods including almonds, walnuts and apples next week after a delay of about a year, two sources said, following Washington's withdrawal of key trade. . .  Full story

Dominica removed from EU tax haven blacklist

14/06 The Caribbean island of Dominica has been removed from a European Union list of tax havens, the EU said on Friday.. . .  Full story

U.S. farmers experimenting with hemp as China trade war drags on

14/06 A growing number of U.S. farmers battered by low grain prices and the threat of a prolonged trade war with China are seeking salvation in a plant that until recently was illegal: hemp.. . .  Full story

How an Obama Fed appointee is scuttling Wall Street's bid to ease rules

14/06 As a U.S. Federal Reserve governor, Lael Brainard gets only one vote on proposals that come before the central bank's board. Over the past year, she has used it to combat the Trump administration's. . .  Full story

Japan Display says has not received notice about Chinese investment

14/06 Apple Inc supplier Japan Display Inc said on Friday it had not received notice from a Chinese-Taiwanese consortium about a potential 80 billion yen ($740 million) investment, raising the possibility of a critical delay in. . .  Full story

IEA cuts 2019 estimate for oil demand growth on global trade worries

14/06 The outlook for oil demand growth in 2019 has dimmed due to worsening prospects for world trade, the International Energy Agency (IEA) said on Friday, although stimulus packages and developing countries should boost growth going. . .  Full story

Total, other foreign firms seek to renew Libya licences

14/06 France's Total and other foreign firms have started to renew their business licences with Libya's internationally recognised government to keep operating in the country, the Tripoli-based economy minister told Reuters.. . .  Full story

Gulf tanker attacks threaten energy security, IEA's Birol says

14/06 Attacks on two tankers in the Gulf of Oman threaten global energy security, Fatih Birol, the executive director of the International Energy Agency (IEA), said on Friday.. . .  Full story

China May industrial output up 5.0 pct, below forecasts, weakest in 17 years

14/06 China's industrial output growth slowed to a more than 17-year low of 5% in May, well below expectations, in the latest sign of weakening demand in the world's second-largest economy as the United States. . .  Full story

China turns its anger on 'Cold War warrior' Pompeo

14/06 Beijing has found its villain in its multi-fronted conflict with the United States: Secretary of State Mike Pompeo.. . .  Full story

Slovenia has received bids from Apollo, OTP for Abanka -Delo

14/06 Slovenia has received bids for its third largest bank, Abanka, from U.S. investment fund Apollo and Hungarian bank OTP, daily newspaper Delo reported on Friday.. . .  Full story

Why one US can-maker avoids Trump's tariffs while rivals pay up

14/06 One of the largest U.S. producers of aerosol cans, Colorado-based Ball Metalpack, has laid off 91 of its 500 U.S. workers since President Donald Trump imposed a 25% tariff on imported steel that abruptly. . .  Full story