US Business

U.S. EXIM Bank seeks vote on $5 bln loan to Mozambique LNG project

23/08 The U.S. Export-Import Bank said on Thursday its board intends to vote on a $5 billion direct loan for the development of a liquefied natural gas (LNG) project in Mozambique, the bank's biggest export financing deal in years.  Full story

China July rare earth magnets exports to U.S. rise 26% y/y

01h00 China's exports of rare earth magnets to the United States rebounded in July from the previous month, customs data showed on Sunday, as concerns linger that Beijing could restrict supply of rare earth products. . .  Full story

China July soy imports from U.S. up threefold as cargoes booked during truce arrive

01h00 China's July soybean imports from the United States jumped threefold from the previous year, customs data showed on Sunday, as cargoes booked by Chinese state firms during a trade truce arrived.. . .  Full story

U.S. equity futures reopen lower, U.S.-China trade relations at new low ebb

00h21 U.S. stock index futures dropped when electronic trading resumed on Sunday, with trade relations between the United States and China appearing to reach a new low on Friday, sending Wall Street into a selling. . .  Full story

Trump, Abe say U.S. and Japan have agreed in principle on trade deal

25/08 The United States and Japan agreed in principle on Sunday to core elements of a trade deal that U.S. President Donald Trump and Prime Minister Shinzo Abe said they hoped to sign in New. . .  Full story

In calls and emails, Argentine execs seek jobs abroad to escape crisis

25/08 Argentine executives and graduates shocked by President Mauricio Macri's drubbing in elections this month have begun calling and emailing in droves in search of work in Brazil, Chile and Colombia, head hunters and visa advisers. . .  Full story

Third Point builds stake in Ray-Ban maker EssilorLuxottica -sources

25/08 Third Point LLC, the U.S. hedge fund that has pushed for changes at companies ranging from Nestle SA to Campbell Soup Co, has amassed a stake in Ray-Ban maker EssilorLuxottica SA, people familiar with the. . .  Full story

Wall St Week Ahead-Investors look at dollar stores as U.S. recession fears increase

25/08 More investors are watching the shares of discount retailers like Dollar General Corp and Dollar Tree Inc, which perform better during economic downturns, in the hopes of gauging changes in consumer behavior, though higher tariffs. . .  Full story

Central bankers face political shocks, and hope to avoid the worst

25/08 Global central bank chiefs know their job is to keep the economy out of the ditch.. . .  Full story

No ready spark seen for lagging U.S. energy shares

25/08 There may be little relief on the horizon for investors in U.S. energy companies, whose shares moved from darlings to dismal performers during Wall Street's record bull run and now face a shaky global. . .  Full story

UBS, Deutsche held talks on investment banking alliance -WSJ

25/08 UBS Group AG and Deutsche Bank AG held talks about combining their businesses earlier this year, including discussions in mid-June about an investment banking alliance, the Wall Street Journal reported https://on.wsj.com/30x9arW on Sunday.. . .  Full story

Fed's Mester sees downside risk from escalating trade war

24/08 Cleveland Federal Reserve President Loretta Mester said on Saturday she sees "big downside risk" from rising trade uncertainty, and will be watching how businesses and consumers react ahead of the U.S. central bank's next policy. . .  Full story

Trump says U.S. would tax French wine in response to digital tax

24/08 U.S. President Donald Trump on Friday reiterated criticism of a French proposal to levy a tax aimed at big U.S. technology companies and threatened again to retaliate by taxing French wine.. . .  Full story

Trump heaps another 5% tariff on Chinese goods in latest tit-for-tat escalation

24/08 U.S. President Donald Trump on Friday lashed back at a new round of Chinese tariffs by heaping an additional 5% duty on some $550 billion in targeted Chinese goods in the latest tit-for-tat trade. . .  Full story

Japan, U.S. reach framework trade pact, no U.S. concessions seen - Nikkei

24/08 The United States and Japan have reached the broad framework of a trade agreement, Japan's Nikkei business daily said on Saturday, with Tokyo making concessions on its agriculture but none immediately apparent from Washington on. . .  Full story

Japan, U.S. reach framework trade pact, no tariff cuts on Japan cars - Nikkei

24/08 The United States and Japan have reached the broad framework of a trade agreement, with Washington maintaining tariffs on Japanese autos but Tokyo cutting tariffs on U.S. beef and pork, Japan's Nikkei business daily said. . .  Full story

What tools could Trump use to get U.S. firms to quit China?

24/08 Hours after China announced retaliatory tariffs on U.S. goods on Friday, President Donald Trump ordered U.S. companies to "start looking for an alternative to China, including bringing your companies HOME and making your products in. . .  Full story

From phone makers to farmers, the toll of Trump's trade wars

24/08 The world's two largest economies, China and the United States, on Friday exchanged blows in the latest escalation in their trade war that has roiled supply chains and whipsawed financial markets.. . .  Full story

Oil spills into U.S.-China trade war, prices slump

23/08 China said on Friday it would impose tariffs on U.S. crude oil imports for the first time, sending prices down nearly 4% to two-week lows as the escalating bilateral trade war fed worries over. . .  Full story

USTR to accept public comment period before raising tariffs on $250 bln in Chinese imports

23/08 The U.S. Trade Representative's office on Friday said it would hold a public comment period before raising tariffs on $250 billion in Chinese imports on Oct. 1 from 25% to 30% after China announced. . .  Full story

Fed's commitment to act upstaged by Trump's furor

23/08 Federal Reserve Chair Jerome Powell said the central bank would "act as appropriate" to keep the U.S. economy healthy in a deteriorating global economy, but stopped short of committing to rapid-fire rate cuts and drew. . .  Full story

Soy, corn futures slide following fresh round of China tariffs

23/08 U.S. corn futures hit a three-month low and soybeans neared a three-week bottom after China said it would impose additional tariffs on U.S. products including grains and soy, escalating the trade war between the world's. . .  Full story

Fed's Clarida says global economy has worsened since July- CNBC

23/08 U.S. Federal Reserve Vice Chairman Richard Clarida said on Friday the global economic outlook has worsened since July.. . .  Full story

Wall Street plunges as U.S.-China trade war intensifies

23/08 Wall Street tumbled on Friday after the U.S.-China trade war escalated in dramatic fashion, with President Donald Trump demanding that American companies seek alternatives to doing business with China after Beijing announced its own slate. . .  Full story

Oil prices slide as U.S.-China trade war escalates

23/08 Oil prices fell on Friday after China unveiled retaliatory tariffs against about $75 billion worth of U.S. goods including crude oil, another escalation of a protracted trade dispute between the world's two largest economies.. . .  Full story

Pending mergers and acquisitions involving U.S. firms that need Chinese approval

23/08 U.S. President Donald Trump said on Friday he has ordered American companies to exit China after Beijing unveiled retaliatory tariffs on $75 billion worth of U.S. goods, in a new twist in the bitter. . .  Full story

Trump calls on U.S. firms to exit China as trade war escalates

23/08 President Donald Trump on Friday pressured U.S. companies to leave China after Beijing unveiled retaliatory tariffs on $75 billion in U.S. goods, stoking fears their escalating trade war will tip the global economy into recession.. . .  Full story

U.S. companies' China exposure as Trump escalates trade war

23/08 President Donald Trump said on Friday he was ordering U.S. companies to look at ways to close their operations in China and make more of their products in the United States, a rhetorical strike. . .  Full story

On-off trade tariffs wreak havoc on U.S. company planning

23/08 Win Cramer thought his company was out of the firing line in the escalating Sino-U.S. trade war after his "Made-in-China" wireless headphones, speakers and earbuds were taken off Washington's tariff list a year ago.. . .  Full story

Yields fall U.S.-China trade war escalates

23/08 Benchmark U.S. Treasury yields fell to their lowest levels in a week on Friday as an escalation in the U.S.-China trade war raised concerns about an economic downturn. China said on. . .  Full story

Gold soars 2% after Powell speech, Trump tweets

23/08 Gold surged 2% on Friday as investors interpreted U.S. Federal Reserve Chair Jerome Powell's speech as leaning toward a dovish monetary policy stance and President Donald Trump's latest comments exacerbated trade tensions with China.. . .  Full story

U.S. trade group says 'unrealistic' for American retailers to exit China

23/08 The U.S. National Retail Federation (NRF) said on Friday it is "unrealistic" for American retailers to move out of China, the world's second-largest economy, as 95% of the world's consumers live outside the United States. "Our. . .  Full story

Trump presses U.S. companies to close China operations

23/08 President Donald Trump said on Friday he was ordering U.S. companies to look at ways to close their operations in China and make more of their products in the United States instead, sending U.S.. . .  Full story

U.S. oil rig count at Jan 2018 low in deepest cut since April -Baker Hughes

23/08 U.S. energy firms this week cut the most oil rigs in about four months, with the rig count falling to the lowest since January 2018, as producers cut spending on new drilling and completions.. . .  Full story

U.S. Chamber of Commerce rejects Trump call on business with China

23/08 The U.S. Chamber of Commerce rebuffed President Donald Trump's call Friday that U.S. businesses begin immediately looking for alternatives for operations in China after China said it was imposing new retaliatory tariffs.. . .  Full story

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UPS says it tracks shipments of prohibited substances after Trump comment

23/08 United Parcel Service Inc said on Friday it has been keeping a tab on shipments of prohibited substances by working with governments, in a response to U.S. President Donald Trump's call to package delivery. . .  Full story

China to impose extra tariffs on U.S. soy, beef and pork

23/08 China said on Friday it will impose more tariffs on U.S. agricultural goods, its latest retaliatory measure aimed at Midwestern states whose voters helped elect President Donald Trump in 2016.. . .  Full story

IMF's Gopinath says U.S. monetary policy being accommodative and data driven

23/08 International Monetary Fund chief economist Gita Gopinath said on Friday that U.S. monetary policy is being accommodative and data driven.. . .  Full story

Trump squares off in court with House Democrats over financial records

23/08 Lawyers for U.S. President Donald Trump asked a federal appeals court on Friday to block Deutsche Bank AG and Capital One Financial Corp from handing the financial records of the president's family and the Trump. . .  Full story

Worldpay charges, disclosed in fine print, anger small U.S. merchants

23/08 Mark VenHuizen, the comptroller of a family business which sells parts for boat engines in Florida, says he has complained three times to Worldpay Inc since 2016 for tacking on extra fees to process. . .  Full story

U.S. new home sales drop sharply, point to more housing weakness

23/08 Sales of new U.S. single-family homes sank more than expected in July, a sign that the housing market continued in low gear despite lower mortgage rates and a strong labor market.. . .  Full story

TSX slips as energy shares drop, U.S.-China trade dispute deepens

23/08 Canada's main stock index dropped on Friday as energy shares fell, tracking declines in oil prices as trade dispute intensified after China unveiled more tariffs against U.S. goods, including crude.. . .  Full story

U.S. new home sales fall sharply, point to more housing weakness

23/08 Sales of new U.S. single-family homes sank more than expected in July, a sign that the housing market continued in low gear despite lower mortgage rates and a strong labor market.. . .  Full story

Powell: U.S. in "favorable" place, Fed will "act as appropriate"

23/08 The U.S. economy is in a "favorable place" and the Federal Reserve will "act as appropriate" to keep the current economic expansion on track, Fed chair Jerome Powell said on Friday in remarks that. . .  Full story

Mexican economy stagnates in second quarter, weaker than earlier estimated

23/08 Mexican gross domestic product was unchanged in the second quarter from the preceding three months, slightly weaker than a preliminary estimate published last month, data from the national statistics agency INEGI showed on Friday.. . .  Full story

Fed's Kaplan: trade, immigration affecting U.S. economy, not monetary policy

23/08 Dallas Fed President Robert Kaplan on Friday pushed back against assertions that moves by the central bank were weighing down the U.S. economy, saying other factors, such as trade and immigration, were far more significant.. . .  Full story

Navarro says China talks to continue, trade war won't slow US economy

23/08 White House trade adviser Peter Navarro said on Friday he does not believe the trade war in China will cause higher prices or a slower economy in the United States.. . .  Full story

Fed's Mester says approaching Fed's next policy meeting with open mind- CNBC

23/08 Cleveland Federal Reserve President Loretta Mester, who did not support the Fed's rate cut last month, said that she is approaching the U.S. central bank's next policy meeting with an open mind and remains. . .  Full story

Fed's Bullard says a "robust debate" is coming over steep rate cut

23/08 Federal Reserve policymakers will have a "robust debate" about cutting U.S. interest rates by a half percentage point at their next policy meeting in September, St. Louis Federal Reserve Bank President James Bullard said. . .  Full story

'Blind men': End of S.Korea-Japan pact undermines bid to understand N.Korea threats

23/08 South Korea's decision to scrap an intelligence-sharing pact with Japan could harm efforts to understand threats from North Korea, and potentially weaken the ability to monitor its missile launches, officials and analysts say.. . .  Full story

Huawei says U.S. curbs to cut smartphone unit's revenue by over $10 bln

23/08 Chinese technology giant Huawei said on Friday the impact of U.S. trade restrictions on its business will be less than what it initially feared, though the curbs could push its smartphone unit's revenue lower by. . .  Full story

China stocks post best week in 2 months on rate cut bets, trade talk hopes

23/08 China stocks closed higher on Friday and posted their best week in two months, as investors hoped for progress in Sino-U.S. trade negotiations as the United States still plans in-person talks next month.. . .  Full story

S.Korea to share information with Japan via three-way channel with U.S. -Blue House

23/08 South Korea will share intelligence with Japan through a three-way channel involving the United States, despite a decision this week to scrap a pact with its neighbour, a senior official of the presidential Blue House. . .  Full story

Amazon to acquire minority stake in an Indian supermarket chain operator

23/08 Amazon.com Inc is set to snag a 3.58% minority stake in India's Future Retail , which operates more than 1,500 stores in India and owns several supermarket brands, including budget department and grocery store chain,. . .  Full story

Walmart, Tesla look to address issues surrounding solar systems

23/08 Walmart Inc and Tesla Inc are looking to address all issues surrounding the solar installations at Walmart stores, the companies said late on Thursday, two days after the retailer sued the electric carmaker for "widespread. . .  Full story

Xiaomi banks on phone data for finance play in India

23/08 China's Xiaomi is poised to launch a consumer lending business in India in the coming weeks, making an ambitious tilt at the booming financial services market where data privacy concerns and fierce competition present formidable. . .  Full story

Rosneft becomes top Venezuelan oil trader, helping offset U.S. pressure

23/08 Russian state oil major Rosneft has become the main trader of Venezuelan crude, shipping oil to buyers in China and India and helping Caracas offset the loss of traditional dealers who are avoiding it. . .  Full story

Global polyethylene production capacity set for boom by 2025

23/08 Petrochemical makers around the world are set to churn out more polyethylene, a key ingredient for plastics used in everything from toys to piping, through 2025, with more than half of the new. . .  Full story

Asian petrochemical profits slammed by trade war crossfire, oversupply

23/08 Profits from making petrochemicals in Asia have plunged to their lowest in months as the unrelenting trade conflict between Beijing and Washington stifles Chinese demand for chemicals and plastics just as waves of new production. . .  Full story

Japan, U.S. negotiators fail to reach agreement on trade, to extend talks

23/08 Top negotiators for Japan and the United States on Thursday failed to reach an agreement on a two-way trade deal and decided to extend talks for another day in a last-ditch effort to bring. . .  Full story

COLUMN-U.S. refiners limit crude processing amid slack fuel demand: Kemp

23/08 U.S. refineries have cut the volume of crude processed so far this year, but stocks of gasoline and distillates remain ample, highlighting the slack demand for transportation fuels.. . .  Full story

VMware to pay $5 bln for firms offering cloud security, developers platform

23/08 VMware Inc said on Thursday it bought two providers of cloud security and cloud developer services in separate deals valued at about $5 billion, as it expands offerings for corporate clients. VMware bought Pivotal Software. . .  Full story

White House mulling tax cuts but not to counter weakness -adviser

22/08 The Trump administration is considering a package of tax cuts that could be rolled out before the 2020 U.S. election as a way to buttress the economy's long-term growth rate, not as a near-term. . .  Full story

U.S. official says China far short of soybean purchase pledge after small sale

22/08 China has purchased about only half the U.S. soybeans it pledged to buy earlier this year, a U.S. Department of Agriculture official said on Thursday, after a small sale was reported amid the two. . .  Full story

S&P 500 stalls in economic data offset, ahead of Fed chair's speech

22/08 The benchmark S&P 500 ended little changed on Thursday as a fall in U.S. jobless claims offset data showing a contraction in U.S. manufacturing activity while investors awaited Federal Reserve Chair Jerome Powell's speech on. . .  Full story

Corn prices edge higher on cool weather; soybeans retreat

22/08 U.S. corn futures inched higher on Thursday, stabilizing from three-month lows set a day earlier, supported by worries that cool weather could slow the maturity of the delayed U.S. crop, analysts said.. . .  Full story

Trump set to discuss biofuels Thursday with USDA, EPA -sources

22/08 U.S. President Donald Trump, faced with mounting anger in the farm belt over policies that allow oil refineries to use less corn-based ethanol, summoned Cabinet members on Thursday to discuss ways to boost biofuel demand,. . .  Full story

Two Fed officials see no case for rate cut now; Kaplan 'open-minded'

22/08 Two Federal Reserve officials on Thursday said they see no need for an interest rate cut next month, while another said he was "open-minded," highlighting policymakers' divisions over how to respond to signs of a. . .  Full story

U.S. offer to sell Patriot system to Turkey 'off the table' - State Dept official

22/08 The U.S. offer to sell Raytheon Co's Patriot missile defense system to Turkey is "off the table," having expired following Ankara's decision to accept Russian S-400 defensive systems, a State Department official said on Thursday.. . .  Full story

Fed's Kaplan says would like to avoid taking further action on rates -CNBC

22/08 Dallas Federal Reserve Bank President Robert Kaplan said on Thursday that he would like to avoid cutting rates again in September, but has an "open mind.". . .  Full story

Oil eases as Fed's Jackson Hole meeting gets underway

22/08 Oil prices weakened on Thursday on worries about the global economy and as equity markets were on edge over the uncertain outlook for U.S. interest rate cuts.. . .  Full story

U.S. business borrowing for equipment rises 15% in July - ELFA

22/08 U.S. companies' borrowing to spend on capital investments rose 15% in July from a year earlier, the Equipment Leasing and Finance Association (ELFA) said on Thursday.. . .  Full story

KKR explores $5 bln sale of Epicor Software -sources

22/08 Buyout firm KKR & Co Inc is exploring a sale of Epicor Software Corp that could value the U.S. enterprise resource planning software provider at close to $5 billion, including debt, people familiar with. . .  Full story

French mayors ban glyphosate weedkiller, defying government

22/08 Some 20 French mayors have banned glyphosate from their municipalities, defying the government, which is now taking legal action to impose national legislation which allows the controversial weedkiller's continued use for now.. . .  Full story

Yields rise as Fed officials talk down further rate cuts

22/08 Treasury yields rose on Thursday after two Federal Reserve officials said they saw no reason to cut interest rates without new economic deterioration, a day after Fed meeting minutes showed policymakers disagreed on the U.S.. . .  Full story

Overstock shares surge after CEO Patrick Byrne quits

22/08 Overstock.com's stock surged 9% on Thursday after Chief Executive Officer Patrick Byrne resigned, saying distraction and fallout related to his involvement in a Federal Bureau of Investigation Russian espionage probe made it difficult for him. . .  Full story

Gold eases as investors await further signals on Fed stance

22/08 Gold inched lower on Thursday after comments from U.S. Federal Reserve officials dampened hopes for additional monetary easing, although investors awaited further clarity from the central bank chief at the Jackson Hole symposium.. . .  Full story

Fed's Powell, under pressure, likely to stick to 'mid-cycle' message

22/08 Federal Reserve Chair Jerome Powell comes to this year's meeting of central bankers in Jackson Hole, Wyoming, caught between discord within the U.S. central bank over appropriate monetary policy and mounting outside pressure for more. . .  Full story

U.S. lawmakers say tariffs on EU olive oil pit Trump trade policy against demand

22/08 U.S. lawmakers on Wednesday urged the U.S. Trade Representative's Office not to impose new import tariffs on European olive oil, warning they could lead to an olive oil shortage and higher prices in the. . .  Full story

U.S. factories show signs of trouble; labor market still firm

22/08 Activity is contracting in the U.S. manufacturing sector but the number of Americans filing applications for unemployment benefits fell last week, signs that factories are suffering from a global slowdown even as the broader labor. . .  Full story

Nasdaq plans day-ahead power market launch in Germany, France, Nordics

22/08 Nasdaq's commodities exchange plans to launch its day-ahead auction market for electricity in Germany, France and the Nordics around April 2020, its head of European Commodities told Reuters on Thursday.. . .  Full story

S.Korea to scrap intelligence-sharing pact with Japan amid row over history

22/08 South Korea said on Thursday it will scrap an intelligence-sharing pact with Japan, drawing a swift protest from Tokyo and deepening a decades-old row over history that has hit trade and undercut security cooperation over. . .  Full story

Restructuring at Osram will include job cuts - AMS

22/08 AMS's finance chief said on Thursday further restructuring would be necessary at Germany's Osram and signalled there would be job cuts if the sensor specialist's takeover offer for the company was successful.. . .  Full story

Claims data points to high-end electric car risks - AXA

22/08 Electric luxury cars and sport utility vehicles (SUVs) may be 40% more likely to cause accidents than their standard engine counterparts, possibly because drivers are still getting used to their quick acceleration, French insurer AXA. . .  Full story

TSX gains on energy lift

22/08 Canada's main stock index edged higher on Thursday, as energy companies were lifted by higher oil prices, but gains were limited by losses in precious metal miners weighed down by lower gold prices.. . .  Full story

Fed's Harker says does not see case for additional stimulus- CNBC

22/08 Philadelphia Federal Reserve Bank President Patrick Harker said on Thursday that he does not see the case for additional stimulus.. . .  Full story

EXPLAINER-What are the obstacles to Bayer settling Roundup lawsuits?

22/08 Bayer AG is in mediation to potentially settle thousands of U.S. lawsuits claiming that the company's Roundup weed killer causes cancer, but some legal experts said the cases raises novel questions that may prevent an. . .  Full story

Volkswagen not interested in buying Tesla stake

22/08 Volkswagen said on Thursday it was not interested in taking a stake in Tesla , denying a media report that CEO Herbert Diess wanted to buy shares in the U.S. company to access its. . .  Full story

U.S. refiners limit crude processing amid slack fuel demand: Kemp

22/08 U.S. refineries have cut the volume of crude processed so far this year, but stocks of gasoline and distillates remain ample, highlighting the slack demand for transportation fuels.. . .  Full story

San Francisco crowdfunder Kiva sets up Sierra Leone credit database

22/08 Kiva, a San Francisco-based tech nonprofit organisation, is using blockchain to create an online ID database in Sierra Leone allowing people who struggle to get loans to prove their credit history.. . .  Full story

Fed's George says does not yet see signal of downturn in economy- CNBC

22/08 Kansas City Federal Reserve Bank President Esther George said she does not yet see a signal of a downturn in the U.S. economy.. . .  Full story

Citigroup's new shipping finance chairman to deepen environmental focus

22/08 Citigroup's veteran shipping finance banker Michael Parker is to become chairman of the bank's shipping & logistics business, a role which will include bolstering the lender's environmental focus in the sector, Citi said on Thursday.. . .  Full story

U.S. weekly jobless claims fall more than expected

22/08 The number of Americans filing applications for unemployment benefits fell sharply last week, suggesting the labor market was holding firm despite a manufacturing slowdown and concerns the economy is on a path toward recession.. . .  Full story

Fed's George supports keeping rates at current levels -interviews

22/08 Kansas City Federal Reserve Bank President Esther George said on Thursday that she would be happy to leave interest rates at current levels unless there are further signs the U.S. economy is changing direction.. . .  Full story

Walmart and Tesla fought in private long before solar lawsuit

22/08 Walmart Inc has sued Tesla Inc , accusing it of "years of gross negligence and failure to live up to industry standards" that led to several fires at its stores with Tesla solar systems.. . .  Full story

Nordic grids call for extra investment to handle wind power boost by 2040

22/08 Nordic national power grids need extra investment from 2030-2040 to deal with a rise in renewable energy output in the region's north, the grid operators of Norway, Sweden, Finland and Denmark said in a. . .  Full story

Fed's George says she would be happy to keep rates at current levels

22/08 Kansas City Fed President Esther George said on Thursday that she would be happy to leave interest rates at their current levels, as U.S. central bank officials assess how trade tensions between the United. . .  Full story

How Brazil and Vietnam are tightening their grip on the world's coffee

22/08 A towering machine rumbles through the fields of Julio Rinco's farm in the Brazilian state of Sao Paulo, engulfing whole coffee trees and shaking free beans that are collected by conveyor belts in its depths.. . .  Full story

West African oil hits sweet spot as shipping upgrades to cleaner fuel

22/08 African states like Chad and Cameroon are shaping up to be big winners from new rules to cut sulphur emissions from ships, providing just the right type of oil to produce cleaner fuels.. . .  Full story

Euro zone business growth recovers, but outlook darkens

22/08 Euro zone business growth nudged up in August and may provide some modest cheer for policymakers, a survey showed, but the weakness in manufacturing and future expectations will keep the European Central Bank on track. . .  Full story