US Business

Mexico's Pemex plans $22.4 billion debt swap

01h33 Mexico's Petroleos Mexicanos said on Tuesday it will offer a swap for $22.4 billion worth of bonds maturing between 2027 and 2060 as the state oil firm seeks to manage its massive debt load.. . .  Full story

Levi Strauss warns of weak second half on pandemic woes, to cut 700 jobs

00h16 Levi Strauss & Co on Tuesday cautioned its business would be hit in the second half of the year, even as the denim apparel maker's sales have been improving at its reopened stores, following. . .  Full story

U.S. airlines move toward federal loans as COVID-19 surge threatens demand, jobs

07/07 The largest U.S. air carriers have all signed letters of intent on federal loans to help them weather the novel coronavirus, with United Airlines warning employees on Tuesday that a surge in outbreaks was hitting. . .  Full story

U.S. judge denies Dakota Access motion to reconsider pipeline order

07/07 A federal judge denied an emergency request by owners of the Dakota Access oil pipeline (DAPL) for the court to reconsider its order to shut and drain the 570,000 barrel-a-day line within a month,. . .  Full story

Fed policymakers worry growth plateauing, pledge more support

07/07 A surge in coronavirus cases that threatens to pinch consumer spending and job gains just as some stimulus programs are due to expire has Federal Reserve policymakers worried, with at least one pledging more. . .  Full story

Silver Lake strikes first European deal since coronavirus breakout - FT

07/07 -- Source link: . .  Full story

Wall St drops after strong rally as COVID-19 cases mount

07/07 U.S. stocks fell on Tuesday, adding to losses into the close, as investors took profits a day after the S&P 500 logged its longest streak of gains this year and as new U.S. coronavirus. . .  Full story

Fed's Mester says full recovery a long way off, more fiscal help needed

07/07 A resurgence in coronavirus cases across the country is making consumers more cautious, and more fiscal stimulus is needed to help the economy recover fully from the crisis, Cleveland Federal Reserve Bank President Loretta Mester. . .  Full story

Fed's Clarida says there is more the Fed can and will do

07/07 With the surge in coronavirus cases threatening the U.S. recovery, Federal Reserve Vice Chairman Richard Clarida had a message on Tuesday: the U.S. central bank is not going to sit idly, even if a. . .  Full story

Corn, soy slip as U.S. crop weather looks less threatening

07/07 U.S. corn and soybean futures eased on Tuesday as weather forecasts looked less threatening to America's crops than they had a day earlier, analysts said.. . .  Full story

Many countries may need debt restructuring after pandemic fallout - IMF chief economist

07/07 Many countries may need debt restructuring in the aftermath of the global coronavirus pandemic and its economic fallout, the International Monetary Fund's chief economist said on Tuesday.. . .  Full story

U.S. natgas climbs to 2-month high on hot weather, pipe shutdown

07/07 U.S. natural gas futures rose to a two-month high on Tuesday with output on track to fall by a record amount after a pipe shutdown in West Virginia and on forecasts confirming. . .  Full story

Yields drop as coronavirus worries return

07/07 U.S. Treasury yields fell on Tuesday as a worsening COVID-19 caseload aggravated concerns about reopening businesses too quickly. The benchmark 10-year yield was down 3.3 basis points in afternoon trading at. . .  Full story

19 hit U.S. meat, poultry plant workers hard in April, May -U.S. report

07/07 The coronavirus outbreak took a heavy toll on workers at U.S. meat and poultry processing facilities, with more than 17,000 COVID-19 cases and nearly 100 deaths in April and May, according to a report. . .  Full story

CoreLogic rejects $7 bln takeover bid from investment firms

07/07 Property data and analytics company CoreLogic on Tuesday rejected an unsolicited $7 billion takeover offer, saying it expected to earn more this year and would buy back more of its stock.. . .  Full story

Epstein red flags, Russian models land Deutsche Bank $150 million fine

07/07 Deutsche Bank will pay a $150 million fine from a New York regulator for allowing disgraced financier Jeffrey Epstein to make payments to Russian models and withdraw suspicious amounts of cash during five years as. . .  Full story

U.S. government's boxed food aid promise falls short

07/07 The U.S. government delivered far less food aid than it had pledged by the end of June, according to food bank managers and data from the agriculture department sent to Reuters, after it hired. . .  Full story

U.S. natgas output, demand to fall in 2020, 2021 due to coronavirus

07/07 U.S. natural gas production and demand will drop in 2020 and 2021 from record highs last year as government steps to slow the spread of coronavirus cut economic activity and energy prices, the U.S.. . .  Full story

U.S. crude output to decline less than previously forecast in 2020 -EIA

07/07 U.S. crude oil production is expected to fall by 600,000 barrels per day (bpd) in 2020 to 11.63 million bpd, the U.S. Energy Information Administration (EIA) said on Tuesday, a smaller decline than the. . .  Full story

U.S. hiring vaults to record high in May; new COVID-19 cases set to limit gains

07/07 U.S. hiring surged to a record high in May and layoffs fell as businesses reopened, but the improvement in the labor market is likely to be blunted by a resurgence in COVID-19 cases that. . .  Full story

COVID-19 cases hit 5.9 mln in Americas, half in Latin America, Caribbean -WHO

07/07 Latin America and the Caribbean now account for 50% of the COVID-19 cases in the Americas, and the number of registered cases continues to accelerate, the World Health Organization's regional director Carissa Etienne said on. . .  Full story

Televangelists, Dallas megachurch that hosted Pence approved for millions in pandemic aid

07/07 A Dallas megachurch whose pastor has been a vocal supporter of President Donald Trump was approved for a forgivable loan worth $2 million to $5 million, according to long-awaited government data released on Monday.. . .  Full story

U.S. hiring races to record high in May, layoffs abate

07/07 U.S. hiring surged to a record high in May and layoffs declined as businesses reopened, but the signs of improvement in the labor market have been overshadowed by a resurgence in COVID-19 cases that. . .  Full story

TSX slips as virus surge weighs on energy stocks

07/07 Canada's main stock index retreated on Tuesday, with energy shares leading declines, on worries about the slower pace of an economic rebound after U.S. cases of COVID-19 surged.. . .  Full story

Siberia temperatures hit record for June as wildfires spread

07/07 Temperatures in Arctic Siberia soared to a record average for June, more than 5 degrees Celsius (9°F) above normal, in a heat wave that is stoking some of the worst wildfires the region has. . .  Full story

Uber launches grocery delivery in Latin America, Canada with U.S. to follow

07/07 Uber Technologies Inc on Tuesday further expanded delivery offerings, launching an app-based grocery service in several Latin American and Canadian cities, with the United States to follow later this month.. . .  Full story

Iran's oil storage almost full as sanctions and pandemic weigh

07/07 Iran has slashed crude oil production to its lowest level in four decades as storage tanks and vessels are almost completely full due to a fall in exports and refinery run cuts caused by. . .  Full story

GRAPHIC-Companies seen slashing capex 12% this year, deeper than in 2009 -data

07/07 Big and mid-cap firms globally are expected to slash capital spending by an average 12% this year as they reel from the fallout of lockdowns and other measures imposed to rein in the coronavirus. . .  Full story

Pompeo says U.S. looking at banning Chinese social media apps, including TikTok

07/07 Secretary of State Mike Pompeo said on Monday that the United States is "certainly looking at" banning Chinese social media apps, including TikTok, suggesting it shared information with the Chinese government, a charge it denied.. . .  Full story

Bayer shares fall after judge questions part of proposed Roundup settlement

07/07 Bayer shares fell more 6% on Tuesday after a U.S. judge questioned part of the German company's proposed settlement to deal with future claims relating to allegations that its widely used weedkiller Roundup caused cancer.. . .  Full story

Taiwan June exports down again, outlook clouded by virus

07/07 Taiwan's exports in June fell for a fourth straight month and at a faster pace than expected, with the government warning of pressure in the second half due to concerns about a new wave. . .  Full story

U.S. firms in India not ready to pay digital tax, lobby group says

07/07 A lobby group representing U.S. technology giants has said its members are not yet ready to make the first payment of the country's digital tax due this week, urging New Delhi to defer the. . .  Full story

Germany agrees measures to make financing of exports easier

07/07 Germany's Economy Ministry said on Tuesday the government has decided on a package of measures to make the financing of export business easier as it seeks to revive industry's prospects due to the coronavirus. . .  Full story

Deutsche Bank and Google agree multi-year, strategic partnership

07/07 Deutsche Bank said on Tuesday it has agreed a strategic, multi-year partnership with Google to give the German lender access to cloud services and drive innovation in technology-based financial products for clients.. . .  Full story

SoftBank's shares return to dot-com bubble era highs

07/07 Shares of SoftBank Group Corp climbed 4.6% on Tuesday to reach highs last seen during the dot-com bubble, as massive buybacks help shrink the group's persistent discount.. . .  Full story

U.S. home solar installer Sunrun to buy Vivint Solar for about $1.46 bln

07/07 Sunrun Inc said on Monday it will buy Blackstone-backed peer Vivint Solar for about $1.46 billion in an all-stock deal, as the top U.S. residential solar installers look to solidify their market position.. . .  Full story

Fed's Bostic says U.S. recovery may be 'levelling off' - FT interview

07/07 Atlanta Federal Reserve Bank President Raphael Bostic said the U.S. economic recovery is in danger of stalling due to the recent spike in coronavirus cases across many American states.. . .  Full story

SoftBank-backed startups among those approved for US paycheck loan program

07/07 Four technology startups backed by SoftBank Group Corp's $100 billion Vision Fund were among the small companies approved for a U.S. pandemic aid program, according to data released by the Treasury Department on Monday.. . .  Full story

Wall St investors scored emergency government loans amid pandemic

07/07 Some investment firms, including those that run hedge funds or manage money for wealthy investors, are among the businesses approved for emergency U.S. government loans to help small companies and non-profits pay employees during the. . .  Full story

Next World Bank, IMF meetings to be virtual -World Bank chief

07/07 The World Bank and International Monetary Fund will hold their annual Fall Meetings online in October because of the novel coronavirus pandemic, World Bank President David Malpass said in a letter to the Bank's governors.. . .  Full story

U.S. tech chiefs to testify before House antitrust panel on July 27 -committee

07/07 The chief executives of, Apple, Alphabet's Google and Facebook will appear before a U.S. House of Representatives panel on July 27, the committee said in a statement on Monday.. . .  Full story

Grindr, dating app valued at $620 mln, cleared for small-business loan

07/07 Grindr, the gay dating app valued at $620 million when it was sold recently by its Chinese owner, was approved for a $1 million to $2 million loan for small businesses suffering from. . .  Full story

U.S. pandemic aid program saved 51.1 mln jobs, but wealthy and connected also benefited

07/07 A high-profile pandemic aid program protected about 51.1 million American jobs, the Trump administration said on Monday, as it revealed how $521.4 billion in taxpayer cash was injected into small businesses but also into the. . .  Full story

Dozens of expensive private schools received millions in U.S. pandemic loans

07/07 At least six dozen expensive private schools, including one where former President Barack Obama's children studied, got between $42 million and $104.25 million in loans under a U.S. program meant to help small businesses weather. . .  Full story

Trudeau skipping Trump summit with Mexican president

06/07 Canadian Prime Minister Justin Trudeau will not visit Washington with Mexico's president this week to celebrate a new North American trade deal, his office said Monday, after Canada raised concerns over potential U.S. aluminum tariffs.. . .  Full story

Wall St jumps on strong services sector, hopes of China recovery

06/07 U.S. stocks rose sharply on Monday as a rebound in U.S. services industry activity in June and expectations of a revival in China's economy boosted optimism, helping investors look past a surge in new. . .  Full story

U.S. trade groups urge China to increase purchases of U.S. goods, services

06/07 The U.S. Chamber of Commerce and over 40 trade associations on Monday urged top American and Chinese officials to redouble efforts to implement a Phase 1 trade agreement signed by the world's two largest. . .  Full story

Court orders Dakota pipeline shut in latest blow to U.S. fossil fuel projects

06/07 A U.S. court ordered the shutdown of the Dakota Access oil pipeline on Monday over concerns about its potential environmental impact, a big win for the Native American tribes and green groups who fought. . .  Full story

Down to handful of active rigs, Canada's oil and gas drillers face permanent contraction

06/07 Canada's drilling rig count, a bellwether of the oil and gas industry's growth, has plummeted far below previous records, raising risks that much of the country's equipment will permanently fall out of service.. . .  Full story

U.S. natgas jumps to 5-week high on hot weather, rising cooling demand

06/07 U.S. natural gas futures jumped to a five-week high on Monday on forecasts calling for warmer weather and higher air conditioning demand over the next two weeks than previously expected.. . .  Full story

Eyeing United States, EU lawmakers seek quicker trade retaliation

06/07 EU lawmakers overwhelmingly backed a proposal on Monday to allow the European Union to retaliate more quickly in trade disputes, with a clear eye on the tariffs imposed by U.S. President Donald Trump.. . .  Full story

Yields edge up as traders eye economic recovery, auctions

06/07 U.S. Treasury yields edged higher on Monday as investors focused on an eventual economic rebound from the coronavirus, and as traders priced in auctions this week that will increase the supply of the low-risk. . .  Full story

Energy Transfer vows legal fight against order to shut oil pipeline

06/07 Energy Transfer LP will immediately file a motion to stay a U.S. district court decision on Monday to shut and empty the Dakota Access crude oil pipeline within a month, the company said in. . .  Full story

Uber scoops up Postmates for $2.65 bln in 'everyday' delivery push

06/07 Uber Technologies Inc on Monday said it would acquire Postmates Inc for $2.65 billion to expand its food delivery market share and significantly increase the business of supplying everyday goods at a time. . .  Full story

PPP loans roughly in line with industry payrolls, but some stand out

06/07 Paycheck Protection Program loans to restaurants and hotels fell short of their share of small-business employment, according to details on the program released Monday by the U.S. Treasury Department and the Small Business Administration.. . .  Full story

Highlights from U.S. government data on pandemic aid

06/07 The Trump administration on Monday released the names of hundreds of thousands of businesses which took money from a high-profile $660 billion pandemic aid program, letting the public see for the first time. . .  Full story

Weibo-owner Sina gets buyout bid at 12% premium from CEO-led company

06/07 Sina Corp, the owner of social media platform Weibo, said on Monday it had received a go-private offer of $41 per share in cash from a holding company led by its Chief Executive Officer. . .  Full story

TSX rises on energy gains, U.S. services sector rebound

06/07 Canada's main stock index rose on Monday, helped by gains in energy stocks with Brent crude edging higher, as a sharp rebound in the U.S. services sector in June offset worries about a resurgence. . .  Full story

U.S. service sector rebounds strongly in June

06/07 U.S. services industry activity rebounded sharply in June, almost returning to its pre-COVID-19 pandemic levels, but a resurgence in coronavirus cases that has forced some restaurants and bars to close again threatens the emerging recovery.. . .  Full story

Apollo launches platform to make large loans

06/07 Buyout firm Apollo Global Management Inc said on Monday it is creating a new credit unit to provide companies with loans of about $1 billion.. . .  Full story

Spain court approves extradition of former Pemex boss to Mexico

06/07 Spain's National Administrative Tribunal agreed on Monday to extradite Emilio Lozoya, former chief executive of oil company Petroleos Mexicanos, to Mexico, the court said in a statement.. . .  Full story

Denmark gives Nord Stream 2 nod to restart pipeline work

06/07 Denmark on Monday gave Nord Stream 2 permission to use pipe-laying vessels with anchors to complete the final stretch of the gas pipeline in Danish waters, removing a key obstacle for the much-delayed project. . .  Full story

Oil producers will fight for market share as consumption growth slows: Kemp

06/07 Petroleum consumption growth has been slowing for decades and the industry shows increasing signs of maturity, which will have profound implications for the business strategies of oil-producing companies and countries.. . .  Full story

Brazil capital markets boom despite pandemic, M&A hits 20-year low

06/07 Brazilian capital markets stormed back in the second quarter, powered by domestic investors seeking alternatives to meager fixed-income returns even as the COVID-19 pandemic wreaked havoc on the economy.. . .  Full story

Who you gonna call? Germbusters! Pandemic drives boom in spray machines

06/07 Timothy Kane, CEO of Goodway Technologies Corp, has never been so popular. Making machines that spray disinfectant, once a niche business, is now an essential service - and the phone is ringing off the. . .  Full story

Vietnam's Vingroup says produces first 5G smartphones under Vsmart brand

06/07 Vietnam's VinSmart, a unit of Vingroup, has produced its first 5G smartphones in cooperation with the U.S.'s Qualcomm, Vingroup said on Monday.. . .  Full story

Dominion, Duke exit pipeline project after years of delays

06/07 Dominion Energy Inc and Duke Energy Corp said on Sunday they decided to abandon the $8 billion Atlantic Coast Pipeline project after a long delay to clear legal roadblocks almost doubled its estimated cost.. . .  Full story

Chinese miners' deal frenzy seen stalling on regulatory hurdles

06/07 Growing scrutiny by mineral-rich Australia and Canada may cut short a deal frenzy led by China's state miners and limit Beijing's role in gold sector consolidation, bankers and analysts said.. . .  Full story

Wirecard’s core business has been loss making for years, audit shows - FT

05/07 -- Source link: . .  Full story

UK PM Johnson to phase out Huawei's 5G role within months - The Telegraph

05/07 British Prime Minister Boris Johnson is expected to begin phasing out the use of Chinese tech giant Huawei's technology in Britain's 5G network as soon as this year, The Daily Telegraph reported on Saturday.. . .  Full story

Chile´s Codelco to suspend El Teniente copper mine expansion, cites pandemic

04/07 Chile´s state-run Codelco said on Saturday it would temporarily halt construction on a new level at its flagship El Teniente mine, a move it said was necessary to combat the fast-spreading coronavirus pandemic.. . .  Full story

Trump approves 5-week extension for small business pandemic loan applications

04/07 U.S. President Donald Trump on Saturday signed into law a deadline extension to August 8 for small businesses to apply for relief loans under a federal aid program to help businesses hurt by the. . .  Full story

Lucky Brand files for bankruptcy as latest retail casualty of coronavirus

04/07 Apparel company Lucky Brand Dungarees is filing for Chapter 11 bankruptcy, it said on Friday, becoming the latest retailer to fall victim to the coronavirus pandemic.. . .  Full story

Mass testing at JBS, BRF plants in Center West Brazil town reveals more than 1,000 COVID-19 cases

03/07 Mass testing revealed an outbreak of novel coronavirus infections at plants operated by JBS SA and BRF SA in Brazil's Center West, the labor prosecutor's office in Mato Grosso do Sul state said on Friday,. . .  Full story

Unions at Codelco´s Chuquicamata mine approve new measures to combat coronavirus

03/07 Chile´s state-run Codelco said on Friday unions at its Chuquicamata mine division had voted to implement a seven-day on, seven-day off shift schedule at the sprawling copper deposit in a bid to reduce worker. . .  Full story

Italy to introduce subsidies to combustion engine cars to help industry - lawmakers

03/07 The Italian Parliament gave the green light on Friday to a package of incentives to encourage sales of state-of-the-art combustion engine cars as well as electric and hybrid vehicles, two lawmakers told Reuters.. . .  Full story

Air France and HOP! airlines to cut 7,580 jobs

03/07 Air France plans to cut just over 7,500 jobs following the coronavirus-related collapse in air travel, the flag carrier said on Friday.. . .  Full story

Masmovil buyers secure first leveraged loan since COVID-19 crisis

03/07 The private equity consortium behind the mooted acquisition of Spanish telecoms firm Masmovil has secured a 2 billion euro ($2.3 billion) loan towards that deal, helping revive a leveraged loan market that has taken a. . .  Full story

Canada's biggest banks join boycott of Facebook platforms

03/07 Canada's biggest lenders confirmed on Friday they had joined a widespread boycott of Facebook Inc begun by U.S. civil rights groups seeking to pressure the world's largest social media platform to take concrete steps to. . .  Full story

Clean technology projects line up bids for $1 bln EU support

03/07 Clean technology projects are readying bids for a billion-euro support package from the European Union under a flagship scheme for funding breakthrough low-carbon technologies.. . .  Full story

Traffic at India's major ports falls 20% in June qtr due to lockdowns

03/07 Major ports in India, which handle more than half of the country's seaborne trade, had a nearly 20% fall in traffic during the quarter ended June, the Indian Ports Association (IPA) said, as coronavirus. . .  Full story

Fiat, PSA stick to merger deal after dividend cut report

03/07 Fiat Chrysler (FCA) and PSA said on Friday they were sticking to the merger plan signed last year after a newspaper said the carmakers were looking at spinning off assets to cut a planned. . .  Full story

Major Qiagen shareholder demands higher bid from Thermo Fisher - source

03/07 The coronavirus pandemic has boosted Qiagen's prospects and a takeover by Thermo Fisher no longer makes sense unless the offer is increased substantially, one of the German genetic test maker's top ten shareholders told Reuters. . .  Full story

Moscow Exchange to start U.S. blue chip trading on Aug 17

03/07 The Moscow Exchange will launch trading of the 20 most liquid shares from the U.S. S&P 500 index on Aug. 17, the bourse's spokesman said on Friday.. . .  Full story

TSX dips as surging virus cases dim recovery hopes

03/07 Canada's main stock index retreated on Friday as a record surge in COVID-19 cases in the United States raised fears of another round of lockdowns, overshadowing early signs of an economic rebound from the. . .  Full story

State Dept warns top U.S. firms over supply chain risks linked to China's Xinjiang

03/07 The U.S. State Department has warned top American companies including Walmart Inc, Apple Inc and Inc over risks faced from maintaining supply chains associated with human rights abuses in China's western Xinjiang region, according. . .  Full story

Money market funds see largest redemptions since Dec 2019-BofA

03/07 Money market funds saw their largest redemptions since December 2019 in the week to Wednesday, BofA said in a report on Friday, while $7.1 billion was pulled out of equity funds.. . .  Full story

-Boeing communications chief resigns over decades-old article on women in combat

03/07 Boeing Co's communications chief Niel Golightly abruptly resigned on Thursday, following an employee's complaint over an article the former U.S. military pilot wrote 33 years ago arguing women should not serve in combat.. . .  Full story

Estonia claims share of any U.S. fines in money laundering scandal

03/07 Estonia said on Friday that it wanted to receive a share of any fines imposed by the United States if banks are found guilty of money laundering in the Baltic nation in ongoing inquiries.. . .  Full story

Global banks seeking details of U.S. sanction threat against China individuals for Hong Kong law

03/07 International banks were seeking details on Friday of the scope of U.S. legislation that would penalize them for doing business with Chinese officials who implement Beijing's sweeping new national security law on Hong Kong.. . .  Full story

Copper's bull run at risk as China enters slow summer season

03/07 A stunning V-shaped recovery in the price of copper is looking stretched as top consumer China enters its summer construction slowdown and fears of supply disruptions from the coronavirus have been mostly priced into the. . .  Full story

LG Chem to produce Tesla batteries in S.Korea this year as demand grows - source

03/07 South Korea's LG Chem Ltd plans to start producing batteries for Tesla Inc vehicles at a domestic factory this year after the U.S. electric carmaker raised orders to cope with demand, a person familiar with. . .  Full story

Australian shares mark best week in a month as data drives rebound hopes

03/07 Australian shares closed higher on Friday, boosted by healthcare stocks, and notched their biggest weekly gain in nearly a month as strong U.S. jobs data and a record surge in domestic retail sales raised. . .  Full story

Intel to invest $255 mln in Reliance's digital unit Jio Platforms

03/07 Intel Corp's investment arm will pay some $255 million for a small stake in Reliance Industries Ltd's digital unit Jio Platforms, the latest in a slew of share sales that have helped the Indian conglomerate. . .  Full story

U.S. reports 55,000 COVID-19 cases in single day, hits new global record

03/07 The United States reported more than 55,000 new COVID-19 cases on Thursday, a new daily global record for the coronavirus pandemic, as infections rose in a majority of states.. . .  Full story

Tesla denies reports of firing employees who chose to stay at home

03/07 Tesla Inc on Thursday denied media reports and said it had not fired employees who chose to stay at home during the coronavirus pandemic over safety concerns at the carmaker's California factory.. . .  Full story

U.S. welcomes independent probe of report that cleared African Development Bank chief

03/07 U.S. Treasury Secretary Steven Mnuchin on Thursday welcomed the African Development Bank's decision to appoint former Irish President Mary Robinson to lead an independent probe of a report that cleared the bank's chief of wrongdoing.. . .  Full story

Central American coffee farmers face big challenge as market shrinks -ICO chief

03/07 The International Coffee Organization (ICO) acknowledged on Thursday Central American farmers' "immense challenges" as coronavirus batters the global market and said it could help push the private sector to more sustainable practices, despite criticism of. . .  Full story

U.S. seeks to seize gasoline in 4 Iran tankers bound for Venezuela

03/07 U.S. prosecutors filed a lawsuit to seize the gasoline aboard four tankers that Iran is trying to ship to Venezuela, the latest attempt by the Trump administration to increase economic pressure on the two. . .  Full story

Portugal seals final deal with TAP's private shareholders

03/07 Portugal's government announced on Thursday it sealed a final deal with private shareholders of ailing flag carrier TAP to take a controlling stake in the airline while avoiding nationalisation.. . .  Full story

US STOCKS-Wall Street closes higher after biggest payrolls jump on record

03/07 Wall Street closed higher and the Nasdaq reached an all-time closing high on Thursday as investors headed into their long holiday weekend buoyed by a record surge in payrolls, which provided assurance that the. . .  Full story

Boeing communications chief resigns over decades-old article on women in combat

02/07 Boeing Co's communications chief Niel Golightly abruptly resigned on Thursday, following an employee's complaint over an article the former U.S. military pilot wrote 33 years ago arguing women should not serve in combat.. . .  Full story

U.S. welcomes independent probe of African Development Bank's ethics committee

02/07 U.S. Treasury Secretary Steven Mnuchin on Thursday welcomed a decision by the governors of the African Development Bank to launch an independent probe of the bank's ethics committee that will be headed by former Irish. . .  Full story