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News Wire

ATON raises bid for South Africa's Murray & Roberts, ups stake to 44 pct

25/05 German investment house ATON raised its takeover offer for Murray & Roberts by about 13 percent to $426 million on Friday, attempting to secure investor backing after the South African builder struck a deal of its own last week.  Full story

Erdogan calls on Turks to convert dollar, euros into lira

15h40 Turkish President Tayyip Erdogan called on Turks on Saturday to convert their dollar and euro savings into lira, as he sought to bolster the ailing currency which has lost some 20 percent of its. . .  Full story

Russia's Avtovaz explores alternatives to sanctions-hit Rusal

11h54 Russian automaker Avtovaz said it will continue to buy aluminium from sanctions-hit Rusal but was looking for alternative sources in case it has to wind down business with the world's biggest producer of the metal.. . .  Full story

INSIGHT-Kenya moves to regulate fintech-fuelled lending craze

07h49 Kenya built a reputation as a pioneer of financial inclusion through its early adoption of a mobile money system that enables people to transfer cash and make payments on cellphones without a bank account.. . .  Full story

Miner Grupo Mexico blames freight train derailments on "sabotage"

07h35 Mexican miner and infrastructure firm Grupo Mexico on Friday said in a statement that seven freight train derailments were due to "sabotage" and would cost the company 312 million pesos ($16 million).. . .  Full story

Pakistan seeks economic lifeline with fresh China loans

06h24 Pakistan expects to obtain fresh Chinese loans worth $1-2 billion to help it avert a balance of payments crisis, Pakistani government sources said, in another sign of Islamabad's growing reliance on Beijing for financial support.. . .  Full story

Customers angry after National Australia Bank hit by technology outage

05h47 National Australia Bank on Saturday suffered what it described as a "nationwide outage" to some of its technology systems, leaving customers unable to access banking services or withdraw money.. . .  Full story

U.S. reaches deal to keep China's ZTE in business -congressional aide

03h20 The Trump administration told lawmakers the U.S. government has reached a deal to put Chinese telecommunications company ZTE Corp back in business after it pays a significant fine and makes management changes, a senior. . .  Full story

Talks over Panama-China free trade pact to start in July

00h56 Negotiations over a free trade agreement between Panama and China will begin in July, Panama's trade and industry minister said on Friday, just a year after the two nations established diplomatic relations.. . .  Full story

Canada's Trudeau raises U.S. auto import probe concerns with Trump

00h54 Canadian Prime Minister Justin Trudeau spoke with U.S. President Donald Trump on Friday and raised "strong concerns" about a U.S. probe into car and truck imports that was launched this week, the prime minister's. . .  Full story

Brazil truckers maintain blockades, near standoff with military

00h30 A truckers protest over diesel prices that has crippled key sectors of Latin America's biggest economy dragged into Friday night, putting drivers in a standoff with Brazilian President Michel Temer who authorized military force to. . .  Full story

Brazil truckers maintain blockades, cripple key economic sectors

25/05 A truckers protest over diesel prices that has crippled key sectors of Latin America's biggest economy dragged into Friday night, putting drivers in a standoff with Brazilian President Michel Temer who authorized military force to. . .  Full story

Brazilian stocks sink amid crippling truckers' strike

25/05 Brazil's main stock market fell to a five-month low and its real currency weakened on Friday as the fifth day of a truckers' protest over fuel prices hobbled a wide range of industries from. . .  Full story

S&P 500 companies return $1 trillion to shareholders in tax-cut surge

25/05 S&P 500 companies have returned a record $1 trillion to shareholders over the past year, helped by a recent surge in dividends and stock buybacks following sweeping corporate tax cuts introduced by Republicans, a report. . .  Full story

Oil prices slump as OPEC and Russia consider output boost

25/05 Oil prices fell more than $2 per barrel on Friday as Saudi Arabia and Russia discussed easing production cuts that have helped push crude prices to their highest since 2014.. . .  Full story

Tesla agrees to settle class action over Autopilot billed as 'safer'

25/05 Tesla Inc on Thursday reached an agreement to settle a class action lawsuit with buyers of its Model S and Model X cars who alleged that the company's assisted-driving Autopilot system was "essentially unusable and. . .  Full story

Oil price fall hits energy shares, dollar rises

25/05 Growing expectations of increased oil supply hit crude prices on Friday, lifting the U.S. dollar and weighing on energy shares, while political upheaval in Europe and uncertainty over a U.S.-North Korea summit restrained equity markets.. . .  Full story

S&P, Dow fall as oil drop hurts energy; chipmakers boost Nasdaq

25/05 The S&P 500 and the Dow eased on Friday after a steep drop in oil prices pressured energy stocks, but losses were limited by gains in chipmakers and retail stocks.. . .  Full story

Mobile says ex-Trump campaign manager advising on Sprint merger

25/05 T-Mobile US said it is getting advice on its proposed $26 billion merger with Sprint Corp from a lobbying firm whose staff includes several members of President Donald Trump's election team such as former campaign. . .  Full story

Brazil trucker association calls on protesting drivers to clear roads

25/05 A Brazilian truckers association that says it represents 600,000 drivers called on Friday for drivers who have blockaded roads for five days nationwide to clear their rigs from roadways and allow transportation to begin returning. . .  Full story

Wall St Week Ahead-Investors find little appetite for consumer staples

25/05 The consumer staples index, the S&P 500's biggest laggard for 2018, could have further to fall and may even look less appealing as a defensive play in the event the economy turns sour.. . .  Full story

Wheat rallies more than 2 percent on dry weather fears

25/05 U.S. wheat futures jumped more than 2 percent on Friday and ended the week up nearly 5 percent as worries about dry weather in key global production regions fueled short-covering and speculative buying.. . .  Full story

Fed faces 'agonizing' debate as rates near neutral level -Kaplan

25/05 The Federal Reserve plans to continue tightening monetary policy gradually for now, but it faces a much tougher decision as U.S. interest rates near a "neutral" level where they neither boost nor slow the. . .  Full story

Dollar ends week stronger as commodity-linked peers slip

25/05 The dollar rose against a basket of peers on Friday and was on pace to finish the week at its strongest since mid-November, as commodity-linked currencies fell following a slump in oil prices and. . .  Full story

OPEC, Russia prepared to raise oil output under U.S. pressure

25/05 Saudi Arabia and Russia are discussing raising OPEC and non-OPEC oil production by some 1 million barrels a day, sources said, while OPEC's chief said a complaint from U.S. President Donald Trump over high prices. . .  Full story

U.S. proposes scrapping program aimed at attracting foreign entrepreneurs

25/05 The Trump administration moved on Friday to end a program that aimed to attract foreign entrepreneurs to the United States, saying the Obama-era effort did not adequately protect American workers and was an inappropriate use. . .  Full story

U.S. reaches deal to keep Chinese telecom ZTE in business -congressional aide

25/05 The Trump administration told lawmakers the U.S. government has reached a deal to put Chinese telecommunications company ZTE Corp back in business, a senior congressional aide said on Friday.. . .  Full story

ICE raw sugar see biggest weekly gain this year, NY cocoa drops

25/05 ICE raw sugar edged higher in mixed trade on Friday, ending the week up nearly 7 percent as investors continued to cover a bearish stance amid persistent concerns over a trucker strike in Brazil.. . .  Full story

Pepsi to buy Granny Smith apple chips maker Bare Foods

25/05 PepsiCo Inc said on Friday it would buy baked fruit and vegetable snack maker Bare Foods Co, as the food and beverage company expands its fast-growing healthy snack portfolio.. . .  Full story

EU privacy law enters into force, activist takes aim

25/05 New European privacy regulations went into effect on Friday that will force companies to be more attentive to how they handle customer data.. . .  Full story

Italy, Spain fears boost demand for U.S. bonds

25/05 U.S. Treasury yields fell to their lowest level in three weeks on Friday as concerns about Italy‚Äôs new government and a leadership challenge in Spain boosted demand for low-risk debt.. . .  Full story

Gold dips slightly as Trump says North Korea talks may continue

25/05 Gold prices dropped slightly on Friday, but still remained above $1,300 per ounce as investors digested news of U.S. President Donald Trump saying a meeting with North Korea's leader could still go ahead.. . .  Full story

VW to reinstate lobbyist after suspension over diesel fume tests - Bild

25/05 Volkswagen plans to reinstate its chief lobbyist, Thomas Steg, who was suspended while the company investigated his role in tests that exposed monkeys and humans to toxic diesel fumes, a German newspaper reported on Friday.. . .  Full story

U.S. drillers add most rigs in week and month since Feb -Baker Hughes

25/05 U.S. energy companies added the most oil rigs in both a week and a month since February as drillers continued to return to the well pad with crude prices at their highest since late. . .  Full story

Turkish lira volatile, central bank moves to help firms on foreign debt

25/05 Turkey's lira wobbled in volatile trade on Friday, as investors tried to gauge prospects of another interest rates increase after this week's emergency action by authorities struggling to stabilise the plunging currency.. . .  Full story

Agrokor to be taken over by creditors under proposed debt settlement plan

25/05 Indebted Croatian food group Agrokor will be taken over by a new Dutch-based company, owned by creditors, under a proposed debt settlement plan announced on Friday.. . .  Full story

Total's Saft plans over 200 million euros investment in next generation battery

25/05 French battery maker Saft, a unit of oil and gas major Total said on Friday it plans to invest over 200 million euros ($233 million) in a next generation European battery alliance project.. . .  Full story