US Business

U.S. fund Elliott battles the odds in latest showdown with Hyundai

02h12 The showdown between U.S. activist hedge fund Elliott Management and Hyundai Motor Group is set to come to a head on Friday when shareholders gather to vote on the fund's demands for a hefty. . .  Full story

Levi Strauss valued at $6.6 bln as IPO prices above target

00h47 Levi Strauss & Co fetched a higher price than expected in its initial public offering (IPO) on Wednesday, selling $623.3 million in shares as the U.S. jeans maker looks to return to the stock. . .  Full story

Brazil aims at trade reaching 30 pct of GDP by 2022 -secretary

00h38 The Brazilian government wants trade to represent 30 percent of the country's gross domestic product by the end of 2022, with one official saying on Wednesday it will get there on the back of. . .  Full story

Trump says tariffs on Chinese goods may stay for 'substantial period'

00h31 U.S. President Donald Trump warned on Wednesday that the United States may leave tariffs on Chinese goods for a "substantial period" to ensure that Beijing complies with any trade agreement.. . .  Full story

Dutch government loses Senate majority amid populist surge

00h04 The Dutch government will lose its majority in the Senate after provincial elections on Wednesday, according to exit polls, as voters flocked to a new populist party two days after a possible terrorist attack. . .  Full story

Boeing, FAA officials called to testify in U.S. Senate on 737 MAX plane crashes

20/03 Boeing Co faced growing pressure in Washington on Wednesday with U.S. lawmakers calling for executives to testify about two crashed 737 MAX jets even as the world's biggest planemaker works to overcome obstacles to returning. . .  Full story

-Lyft's IPO oversubscribed on road show's second day -sources

20/03 Lyft Inc's initial public offering (IPO) is oversubscribed based on commitments made so far by investors, making it more likely that the ride-hailing startup will fetch or even exceed the $23 billion valuation it is. . .  Full story

Jury finding upends Bayer's Roundup defense strategy -experts

20/03 Bayer AG had hoped a new trial strategy focusing jurors on scientific evidence could stem a burgeoning tide of U.S. lawsuits over its glyphosate-based weed killer Roundup, but a second jury finding on Tuesday. . .  Full story

Fed sees no rate hikes in 2019, sets end to asset runoff

20/03 The U.S. Federal Reserve on Wednesday brought its three-year drive to tighten monetary policy to an abrupt end, abandoning projections for any interest rate hikes this year amid signs of an economic slowdown, and saying. . .  Full story

Brazil's new status would not affect prior ag commitments -WTO chief

20/03 Brazil's agreement with the United States to forgo special treatment by the World Trade Organization (WTO) would apply only to future negotiations within the multilateral trade body, Director General Roberto Azevedo said on Wednesday.. . .  Full story

Banks stifle Wall Street rally following dovish Fed statement

20/03 The S&P 500 and the Dow ended lower on Wednesday as interest rate-sensitive financial stocks dragged down the indexes after the U.S. Federal Reserve affirmed a dovish monetary policy stance.. . .  Full story

Trump says trade deal 'coming along nicely' with China

20/03 U.S. President Donald Trump said on Wednesday a deal with Beijing to end a trade dispute between the two countries was coming along nicely, with U.S. negotiators poised to be in China next week. . .  Full story

At IPO road show, Lyft executives look to lower insurance costs

20/03 Lyft Inc executives are focused on cutting insurance costs and will phase in self-driving vehicles on simple routes first, they said at a road show for investors ahead of the ride-hailing company's initial public offering. . .  Full story

As bumper harvest nears, Argentina's soy farmers stall deals waiting for trade war's end

20/03 Francisco Santillan, 55, a grains farmer from the heart of Argentina's soybean country, has two things on his mind: the rains and twists and turns in a bitter trade war between the United States and. . .  Full story

Mitsui petrochemical unit probed after Texas fire rages for days

20/03 State and local investigators have begun probing a petrochemical storage company outside Houston where a massive fire fed by giant tanks of fuel burned for days, darkening the skies with soot for dozens of. . .  Full story

Trump says U.S. 'will never catch up' without 'great' trade deal with China

20/03 U.S. President Donald Trump said on Wednesday the United States would "never catch up" if a "great" trade deal with China is not reached, as trade negotiators between the two countries prepare for the. . .  Full story

Ten-year yield hits 14-month low after Fed signals no hikes in 2019

20/03 U.S. Treasuries rallied on Wednesday, taking the benchmark 10-year yield to a 14-month low, after the Federal Reserve said it would hold interest rates steady and its policymakers abandoned projections for further rate hikes this. . .  Full story

U.S. farmers face devastation following Midwest floods

20/03 Midwestern farmers have been gambling they could ride out the U.S.-China trade war by storing their corn and soybeans anywhere they could - in bins, plastic tubes, in barns or even outside.. . .  Full story

Bolsonaro gets Trump's praise but few concessions, riling Brazilians

20/03 Brazil's right-wing President Jair Bolsonaro won glowing praise and conditional promises from U.S. President Donald Trump on his visit to the White House this week, yet Brazilian negotiators came away grumbling about their hosts driving. . .  Full story

Coffee falls to new lows, New York cocoa hits 2019 low

20/03 Arabica coffee futures on ICE fell to new lows on Wednesday, as a global surplus weighed, while New York cocoa fell to three-month lows. While coffee prices have. . .  Full story

Qatar asks IAEA to intervene over 'threat' posed by UAE nuclear plant

20/03 Qatar has called on the International Atomic Energy Agency (IAEA) to intervene in a dispute over a $24 billion nuclear power plant which the United Arab Emirates (UAE) is building.. . .  Full story

Low prices spark interest in latest U.S. Gulf oil, gas lease sale

20/03 The Trump administration's fourth major auction for oil and gas leases in the U.S. Gulf of Mexico received $244 million in high bids on Wednesday, reflecting an uptick in interest from drillers attracted to. . .  Full story

Deutsche Bank merger talks heighten uncertainty for U.S. staff

20/03 Deutsche Bank AG's merger talks with Commerzbank AG have put its 10,000 U.S. workers on edge, three employees told Reuters, with some concerned a deal could pressure Deutsche to further shrink or even dispose of. . .  Full story

U.S. jury hears more evidence as second phase of Roundup cancer trial begins

20/03 A lawyer for a man who sued Bayer AG unit Monsanto after developing cancer on Wednesday told a jury about the company's alleged efforts to influence scientists and regulators, a day after the jury. . .  Full story

Deadly Midwestern U.S. floods threaten to spill south as Nebraska cleans up

20/03 Nebraskans struggled on Wednesday to clear the wreckage left by deadly floods that caused an estimated $1 billion in damage, while emergency officials farther south kept a wary eye on the Missouri and Mississippi rivers. . .  Full story

Trade panel says U.S. producers harmed by structural steel imports

20/03 The U.S. International Trade Commission said on Wednesday that domestic producers were being harmed by imports of fabricated structural steel from Canada, China and Mexico, keeping alive an investigation that could lead to duties on. . .  Full story

EXCLUSIVE-How Iran fuel oil exports beat U.S. sanctions in tanker odyssey to Asia

20/03 At least two tankers have ferried Iranian fuel oil to Asia in recent months despite U.S. sanctions against such shipments, according to a Reuters analysis of ship-tracking data and port information, as well as interviews. . .  Full story

'Golden cross' for stocks doesn't always glitter

20/03 The Dow Jones Industrial Average triggered a technical signal on Tuesday that many investors believe could portend more gains for stocks in the short term, known as the golden cross.. . .  Full story

U.S. crude stockpiles slump unexpectedly on strong export, refining demand - EIA

20/03 U.S. crude oil stockpiles last week fell by nearly 10 million barrels, the most since July, boosted by strong export and refining demand, the Energy Information Administration said on Wednesday.. . .  Full story

Price hikes drive General Mills profit beat, forecast raise

20/03 Cheerios cereal maker General Mills Inc beat Wall Street estimates for quarterly profit and raised its full-year forecast on Wednesday, aided by price increases across a wide range of products, sending its shares to their. . .  Full story

TSX falls as investors await U.S. Fed decision

20/03 Canada's main stock index broadly fell on Wednesday, taking cue from stocks worldwide, as investors awaited the U.S. Federal Reserve's policy statement that could show how comfrotable the central bank would be in holding interest. . .  Full story

U.S. vaping products supplier Greenlane files for IPO

20/03 Vaping products supplier Greenlane Holdings Inc filed for an initial public offering with U.S. regulators on Wednesday, in the backdrop of both growing investor interest and rising regulatory scrutiny into the e-cigarette industry.. . .  Full story

What we know about Boeing 737 MAX crash and what comes next

20/03 More than 300 Boeing 737 MAX 8 and MAX 9 passenger jets have been grounded worldwide after two fatal crashes in the past five months in. . .  Full story

Exxon's talks to tap Algeria shale gas falter due to unrest -sources

20/03 Talks between Exxon Mobil and Algeria to develop a natural gas field in the North African country have stalled because of unrest, industry sources said, the first economic fallout from the almost month-long anti-government protests.. . .  Full story

Brussels pushes EU leaders to play public tender card against China

20/03 The European Union executive is urging EU leaders this week to get tough on trade with Beijing and use their 2.4 trillion euro ($2.7 trillion) market in public tenders as leverage to pressure countries. . .  Full story

Starbucks sets up $100 mln fund to invest in food and retail startups

20/03 Starbucks Corp is investing $100 million in a newly created fund that will be managed by Tesla Inc investor Valor Equity Partners to promote companies developing new technologies and products for the food and retail. . .  Full story

FedEx falls on 2019 forecast cut, multiple brokerages lower price target

20/03 Shares of FedEx Corp fell about 7 percent before the bell on Wednesday after the package delivery company cut its 2019 profit forecast for the second time blaming slowing global trade growth and continued. . .  Full story

Nordic metals firm Hydro restoring systems after cyber attack

20/03 Norsk Hydro, one of the world's largest aluminium producers, has made some progress restoring operations but is not yet back to normal after it was hit by a ransomware cyber attack, the company said. . .  Full story

SpiceJet in talks to lease some of Jet Airway's grounded planes - source

20/03 India's SpiceJet Ltd could benefit from cash-strapped Jet Airways being forced to ground planes, and the low-cost carrier is in talks with lessors to lease some of those aircraft, a person with direct knowledge of. . .  Full story

Japan refiners unlikely to import Iranian oil from April -PAJ head

20/03 Japanese refiners will unlikely continue to import oil from Iran from April unless Japan gets a sanctions waivers extension from the U.S. government, Takashi Tsukioka, president of the Petroleum Association of Japan (PAJ), said on. . .  Full story

SAP signals cloud intent as it ousts top in-house programmers

20/03 When business software company SAP announced in January it would lay off 4,400 staff, Chief Financial Officer Luka Mucic described the restructuring as a "fitness programme" for Europe's most valuable technology firm.. . .  Full story

Japan govt downgrades economy view as U.S.-China trade war bites

20/03 Japan's government downgraded its assessment of the economy in March for the first time in three years, blaming a bruising U.S.-China trade war for slumping exports and industrial output.. . .  Full story

Japan to extend sanctions against North Korea by 2 years -NHK

20/03 Japan will extend unilateral sanctions against North Korea by two years, public broadcaster NHK said on Wednesday.. . .  Full story

Germany to create fund to foil foreign takeovers after China moves

20/03 Germany plans to pass legislation by the end of 2019 to create a state-owned fund that can protect key companies from takeovers by Chinese and other foreign firms, government sources said, in a marked. . .  Full story

China's Xi says wants to take ties with Italy into new era-paper

20/03 China is ready to strengthen "a global strategic partnership" with Italy, Chinese President Xi Jinping wrote in an Italian daily on the eve of his visit to the euro zone's third-largest economy.. . .  Full story

Plant protein startups vie to tap China’s hungry market

20/03 Start-ups specialising in alternative protein, from eggless eggs to pea-stuffed burgers and cell-grown fish products, are piling into the Chinese territory of Hong Kong to tap the mainland's booming multi-billion dollar food market.. . .  Full story

Scrap foreign ownership caps on China-listed firms, investor group says

20/03 An industry body representing global asset managers in Asia has urged China to lift foreign ownership caps in listed companies, two weeks after the restrictions disrupted overseas buying of a Chinese stock and just as. . .  Full story

Asian business sentiment lingers near 3-year low as trade war drags -Thomson Reuters/INSEAD

20/03 Confidence among Asian companies held near three-year lows in the first quarter as a U.S.-China trade dispute dragged on, pulling down a global economy that is already on a downward path, a Thomson Reuters/INSEAD. . .  Full story

Canada offers stimulus budget, but may be too little to re-elect Trudeau government

20/03 Canadian Prime Minister Justin Trudeau's government, seeking to move past a political crisis threatening its re-election, lavished new spending on middle-class voters in its budget on Tuesday, but the measures may be spread too thin. . .  Full story

Canada to create national drug agency to help cut cost of medicines

20/03 Canada will create a national drug agency to help cut the cost of prescription medications as part of a plan to broaden the state-funded healthcare program, the finance ministry said in its budget on. . .  Full story

Franco-German startup Doctolib gets unicorn status with 150 mln-euro fundraising

20/03 Franco-German start-up Doctolib, an online booking platform for doctors, has raised 150 million euros from a pool of investors led by U.S. venture capital giant General Atlantic, it said on Tuesday.. . .  Full story

Mexico and Brazil reach light-vehicle free trade agreement

20/03 Mexico's government said on Tuesday it had reached an agreement with Brazil on the free trade of light vehicles, subject to a 40 percent regional content requirement, paving the way for more open commerce between. . .  Full story

Trump forges bond with Brazil's Bolsonaro in White House visit

20/03 U.S. President Donald Trump and Brazil's new far-right leader Jair Bolsonaro forged a bond over their shared brand of conservative and populist politics on Tuesday, with Trump pledging to give more U.S. support to Brazil's. . .  Full story

Corn, wheat drift lower on weak export demand; U.S. weather eyed

19/03 U.S. corn and wheat futures closed nearly unchanged on Tuesday, with commodity funds reluctant to add to a heavy net short position despite pressure from slowing export demand for U.S. grains, analysts said.. . .  Full story

U.S. jury rules against Bayer in Roundup cancer case

19/03 A U.S. jury on Tuesday found Bayer AG's glyphosate-based weed killer to be a "substantial factor" in causing a man's non-Hodgkin's lymphoma, allowing the trial to proceed into a second phase on liability and. . .  Full story

Canada sees 20 percent jump in bond issuance as deficit climbs

19/03 Canada said on Tuesday it would issue nearly 20 percent more bonds in the coming fiscal year to help the Liberal government fund its spending programs, ahead of an October election.. . .  Full story

Stakes rise for Boeing as EU, Canada step up scrutiny of 737 MAX after crashes

19/03 Europe and Canada said they would seek their own guarantees over the safety of Boeing's 737 MAX, further complicating plans to get the aircraft flying worldwide after they were grounded in the wake of two. . .  Full story

Top U.S. trade officials head to China next week for new trade talks

19/03 U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin plan to travel to China next week for another round of trade talks with Chinese Vice Premier Liu He, a Trump administration official said on. . .  Full story

GM to invest $2.7 bln in Sao Paulo, Brazil factories over 5 years

19/03 General Motors Co said on Tuesday it would invest $2.7 billion in two Brazilian factories over the next five years, sparing them from a shakeup of the automaker's operations, a decision hailed by the governor. . .  Full story

Lyft's IPO oversubscribed after two days -sources

19/03 Lyft Inc's initial public offering (IPO) is oversubscribed based on commitments made so far by investors, making it more likely that the ride-hailing startup will fetch or even exceed the $23 billion valuation it is. . .  Full story

Economy centre stage in April election in Canada's Alberta province

19/03 The western Canadian province of Alberta will hold an election on April 16, kick-starting a contest that many polls suggest will result in a change of government in the country's oil-producing heartland as it struggles. . .  Full story

Wall Street gives up gains on news of troubled trade talks

19/03 The benchmark S&P 500 index ended little changed on Tuesday as investor optimism regarding the Federal Reserve's expected affirmation of its dovish policy stance was offset by reports of fault lines emerging in ongoing U.S.-China. . .  Full story

Brazil's Bolsonaro says he will visit China later this year

19/03 Brazil's President Jair Bolsonaro said on Tuesday that he planned to visit China in the second half of this year.. . .  Full story

Houston petrochemical fire rages, Texas expands air monitoring

19/03 Houston officials and environmental groups raced to expand air monitoring on Tuesday after a raging fire at a Mitsui & Co petrochemical storage site produced billowing acrid smoke that could be seen and smelled miles. . .  Full story

Makeup brand Glossier valued at over $1 bln in latest funding round

19/03 Glossier Inc, the online cosmetics company with a cult following among millennials, was valued at over $1 billion in a latest funding round led by Sequoia Capital, joining a clutch of billion-dollar makeup brands. . .  Full story

ACLU reaches settlement with Facebook on discriminatory ads

19/03 The American Civil Liberties Union (ACLU) said on Tuesday as part of a settlement with Facebook Inc the social network will make changes to its paid advertising platform to prevent discrimination in employment, housing and. . .  Full story

China plan new trade talks for deal by end of April - WSJ

19/03 Top U.S. and China negotiators are planning new rounds of talks starting next week to end a trade dispute between the two nations, the Wall Street Journal reported on Tuesday.. . .  Full story

PAI leads the pack for Elior's concession catering brand Areas - sources

19/03 European private equity fund PAI Partners has emerged as the frontrunner in the auction for the concession catering business of France's Elior Group , four sources familiar with the matter told Reuters.. . .  Full story

Lenders and travellers stick with Ethiopian Airlines, for now

19/03 Financiers, passengers and industry partners are, for now, still backing Ethiopian Airlines' quest to become Africa's dominant carrier, despite a March 10 crash that killed 157 people.. . .  Full story

U.S. factory orders barely rise; shipments fall further

19/03 New orders for U.S.-made goods rose less than expected in January and shipments fell for a fourth straight month, offering more evidence of a slowdown in manufacturing activity.. . .  Full story

TSX gains on energy boost; investors await federal budget

19/03 Canada's main stock index rose on Tuesday, helped by gains in energy shares that got a lift from higher crude prices.. . .  Full story

U.S. selfishness on trade not sustainable, world needs better WTO - EU

19/03 European Commission Vice President Jyrki Katainen said on Tuesday that Washington's "selfish" approach to trade was not sustainable, but it was too early to say that EU-U.S. trade talks were doomed to fail.. . .  Full story

Jones Lang LaSalle to buy capital markets services provider HFF for $2 bln

19/03 Real estate services provider Jones Lang LaSalle Inc said on Tuesday it will buy capital markets services provider HFF Inc in a cash-and-stock deal valued at about $2 billion.. . .  Full story

Dollar LIBOR records biggest drop in a month

19/03 A key gauge of interbank borrowing costs for dollars on Monday posted its biggest daily fall in a month ahead of the U.S. Federal Reserve's two-day meeting where policymakers are widely expected to leave. . .  Full story

INSIGHT-Riding with 'Uncle Diego': Uber’s wild drive for growth in Chile

19/03 The Uber driver pulled up to the international airport outside Chile's capital. As his passenger jumped into his gleaming Suzuki, he glanced around furtively for signs of trouble.. . .  Full story

The curious case of tainted milk from a Maine dairy farm

19/03 For Maine dairy farmer Fred Stone, the discovery in 2016 that his cows were producing tainted milk has since brought financial ruin and threatened to shut down a century-old family business.. . .  Full story

Apple supplier AMS agrees joint venture for environmental sensor business

19/03 Austrian chipmaker AMS AG has agreed a joint venture for its environmental sensor business with private equity fund Wise Road Capital, effectively offloading the unit as part of its plan to focus on other business. . .  Full story

France's Iliad considers mobile towers sale to ease cash crunch

19/03 French telecoms operator Iliad is sounding out funds to buy part of its mobile towers business as it seeks to raise cash after heavy promotions hit its sales in 2018.. . .  Full story

Ex-U.S. Attorney Bharara to Trump: don't mess with Manhattan probes

19/03 Preet Bharara, the ex-U.S. Attorney in Manhattan, has a piece of unsolicited advice for President Donald Trump: don't meddle with investigations being pursued by his former office, especially one involving the Trump business or a. . .  Full story

Metro kicks off China unit sale, likely to fetch $2 bln valuation - sources

19/03 German wholesaler Metro AG has kicked off the sale of its China operations by calling for bids, in a deal that would value the business at between $1.5 billion and $2 billion, two people. . .  Full story

Venezuela suspends oil exports to India - Azeri energy ministry

19/03 Venezuela has suspended its oil exports to India and views Russia and China as its main export destinations, the Azeri energy ministry said on Tuesday, citing Venezuela's oil minister.. . .  Full story

Ford to boost profit-rich U.S. large SUV production again

19/03 Ford Motor Co said it will boost U.S. production of its largest sport utility vehicles in a move to grab profits in a market where consumers favor larger, more comfortable vehicles.. . .  Full story

Israel's chip sales to China jump as Intel expands

19/03 Israel's exports of computer chips to China soared last year as Chinese companies bought more semiconductors made at Intel's Kiryat Gat plant.. . .  Full story

Elon Musk never sought approval for a single Tesla tweet, U.S. SEC tells judge

19/03 Chief Executive Elon Musk has never sought pre-approval for a single tweet about Tesla Inc since striking a court-approved deal about how to communicate important information about the electric vehicle maker, the top U.S. securities. . .  Full story

Japanese govt report to say economy in moderate recovery but warn of overseas risks-Nikkei

19/03 Japan's government is expected to keep its view of the economy as "recovering at a moderate pace" in its monthly report for March but not risks from overseas, the Nikkei business daily reported on. . .  Full story

Mexico invites three U.S. companies, foreign firms to bid on new refinery

19/03 Mexico invited a host of international firms, including three U.S. companies, to bid on the construction of an $8 billion oil refinery, officials said on Monday, as President Andres Manuel Lopez Obrador seeks to fast-track. . .  Full story

COLUMN-Hedge funds pause oil buying as fresh doubts about the economy surface: Kemp

19/03 Hedge fund managers have become more cautious about buying oil since the end of February as doubts about the global economy resurface, dampening expected price rises from OPEC-led production cuts and U.S. sanctions on Iran. . .  Full story

Huawei leads Asian domination of U.N. patent applications in 2018

19/03 Chinese telecoms giant Huawei led the pack with Asia accounting for more than half of the international patent applications at the World Intellectual Property Organization (WIPO) last year, WIPO said on Tuesday.. . .  Full story

Ethiopia and Indonesia crash parallels heap pressure on Boeing

18/03 Investigators into the Boeing Co 737 MAX crash in Ethiopia have found striking similarities in a vital flight angle with an airplane that came down off Indonesia, a source said, piling pressure on the world's. . .  Full story

U.S. warns Brazil about Huawei and 5G in talks -senior U.S. official

18/03 U.S. officials have warned their Brazilian counterparts of their security concerns about Chinese telecom equipment maker Huawei Technologies Co during talks in Washington, a senior American official said on Monday.. . .  Full story

Algeria suspends all Boeing 737 MAX 8 and 9 flights - Ennahar TV

18/03 Algeria's civil aviation authority has suspended all flight operations of Boeing 737 MAX 8 and 9 planes as a precautionary measure following the Ethiopian Airlines plane crash, Ennahar TV reported on Monday.. . .  Full story

Wall St advances ahead of Fed policy meeting

18/03 Banks and tech helped lead Wall Street higher on Monday, while Boeing and Facebook were a drag and investors eyed this week's U.S. Federal Reserve meeting for affirmation of its commitment to "patient" monetary. . .  Full story

Corn down on disappointing export data; soy, wheat also lower

18/03 U.S. corn futures fell on Monday, halting a four-session rebound from contract lows set last week, as traders worried about export prospects for U.S. grains, analysts said. Soybeans and wheat futures. . .  Full story

Yields tick up in muted trading ahead of Fed meeting

18/03 U.S. Treasury debt yields ticked up on Monday but made no significant moves as traders held off placing large positions ahead of the Federal Reserve's policy-setting meeting this week at which the U.S. central. . .  Full story

Venezuela may divert U.S.-bound oil to Rosneft, says Jose generator working

18/03 Venezuela may divert oil originally bound for the United States to Russian oil company Rosneft or other destinations due to U.S. sanctions, Venezuelan oil minister and president of state-run oil company PDVSA Manuel Quevedo said. . .  Full story

Deutsche, Commerzbank talks private commercial decision - SPD leader

18/03 Merger talks between Deutsche Bank and its smaller rival Commerzbank are a private commercial decision, the leader of the German centre-left SPD party, Andrea Nahles, said on Monday. (Reporting by Andrea Shalal; writing by Thomas. . .  Full story

Project Aurora: U.S. government, Intel aim for nation's fastest computer

18/03 A U.S. government-led group is working with chipmaker Intel Corp and Cray Inc to develop and build the nation's fastest computer by 2021 for conducting nuclear weapons and other research, officials said on Monday.. . .  Full story

GM considers options for its Lyft stake following IPO

18/03 As Lyft Inc cruises toward an initial public offering this month, one of the big winners will be General Motors Co, whose stake in the ride-hailing firm could be worth as much as $1.27. . .  Full story

Former UAW vice president charged in U.S. corruption probe

18/03 U.S. prosecutors in Detroit on Monday charged a former high-ranking United Auto Workers official in charge of the labor union's relations with Fiat Chrysler (FCA) of misusing funds for lavish purchases for himself and other. . .  Full story

Ride-hailing firm Lyft launches IPO road show in Uber's shadow

18/03 Lyft Inc kicked off the investor road show for its initial public offering on Monday, targeting a valuation of up to $23 billion and seeking to woo money managers before larger ride-hailing rival Uber Technologies. . .  Full story

Mexico to invite four firms to bid on new Pemex oil refinery

18/03 The Mexican government will invite four companies to bid in a restricted tender to build the new Dos Bocas refinery for state oil company Pemex, Energy Minister Rocio Nahle said at a news conference. . .  Full story

On Paris' Champs Elysees, shattered glass and smoking ruins

18/03 It is meant to be one of the world's most elegant streets: more than a kilometre of boutiques, restaurants, sidewalk cafes and fashion outlets vying for tourists' attention. But on Monday, the Champs Elysees looked. . .  Full story

TSX gains on rise in energy shares

18/03 Canada's main stock index gained on Monday, helped by gains in energy shares on the back of higher crude prices.. . .  Full story

Potential bidders for Italy's Carige in talks with the ECB -sources

18/03 Potential bidders for troubled Italian lender Carige are in touch with the European Central Bank ahead of an April 15 deadline to submit possible offers, a source close to the matter said on Monday.. . .  Full story