US Business

Scrap foreign ownership caps, investor group tells China

01h00 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

Houston petrochemical fire spreads, Texas expands air monitoring

00h42 Houston officials and environmental groups raced to expand air monitoring after a raging fire at a Mitsui & Co petrochemical storage site spread on Tuesday, billowing acrid smoke that could be seen and smelled miles. . .  Full story

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

00h37 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

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

00h25 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

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

00h23 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

00h21 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

00h15 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

Canada budget offers plenty of perks ahead of federal election

00h14 Canadian Prime Minister Justin Trudeau's government, seeking to move past a political crisis threatening its re-election prospects, lavished new spending on middle-class voters in its final budget on Tuesday ahead of October's vote.. . .  Full story

U.S. jury finds Bayer's Roundup caused man's cancer

00h11 A U.S. jury on Tuesday found Bayer AG's glyphosate-based weed killer caused a man's non-Hodgkin's lymphoma in a bellwether trial that may help determine the course of hundreds of similar cases.. . .  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

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

19/03 More than 300 Boeing 737 MAX 8 and MAX 9 passenger jets around the world have been taken out of service following two fatal crashes over the past five months in Ethiopia and Indonesia. . .  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

Boeing shares fall again after probe report into FAA approval of 737 MAX

18/03 Boeing Co shares fell 3 percent on Monday, after a pair of newspaper reports over the weekend raised more questions about the certification process for its 737 MAX jets before two recent deadly crashes.. . .  Full story

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

18/03 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

India's Hotel Leela Venture to sell assets to Brookfield for $576 mln

18/03 India's Hotel Leela Venture Ltd will sell four of its hotels and a property to a fund sponsored by Canada's Brookfield Asset Management for 39.50 billion rupees ($576.41 million), as part of its restructuring, it. . .  Full story

OPEC scraps April meeting but keeps oil cuts in place

18/03 Oil producer group OPEC on Monday scrapped its planned meeting in April and will decide instead whether to extend output cuts in June, once the market has assessed the impact of U.S. sanctions on. . .  Full story

Far-flung job offers pose tough choices for GM Ohio workers

18/03 General Motors Co built the final Chevrolet Cruze small car at its Lordstown, Ohio, assembly plant on March 6, despite demands from President Donald Trump, Ohio political leaders and the United Auto Workers union not. . .  Full story

Wastewater - private equity’s new black gold in U.S. shale

18/03 Mike Christensen strides among rows of gleaming steel tanks, pointing to pipelines that arrive from miles around to this corner of former farmland near Midland, Texas, the heart of the largest oil patch in the. . .  Full story

China online lender Dianrong blames govt for its woes - memo

18/03 Dianrong, one of China's biggest peer-to-peer (P2P) lenders which is laying off staff and shutting stores, blamed the government for its troubles saying the absence of clear-cut policies was proving to be a heavy burden.. . .  Full story

PREVIEW-Stimulus budget in cards as Canada's Liberals look to eclipse crisis

18/03 With a federal election looming and Prime Minister Justin Trudeau's government facing its worst political crisis in four years, Canada's ruling Liberals are expected to table a goody-filled budget later this week in bid to. . .  Full story

OPEC, non-OPEC panel recommends cancelling April meeting - source

18/03 A panel of OPEC and non-OPEC ministers has recommended that the oil-producer allies cancel their planned policy meeting in April, an OPEC source said on Monday.. . .  Full story

Shares in European payments companies rise on Worldpay takeover

18/03 Shares in European payments technology companies such as Worldline, Ingenico and Wirecard all rose on Monday, buoyed by Fidelity National Information Services's $35 billion takeover of Worldpay.. . .  Full story

India's palm oil imports could jump to record as prices fall - analyst

18/03 India's palm oil imports in 2018/19 are likely to jump a tenth from a year earlier to a record high, as a sharp fall in the prices made the tropical oil more attractive for. . .  Full story

Japan's exports slump again on weak external demand, puts BOJ on notice

18/03 Japan's exports fell for a third month in February in a sign of growing strain on the trade-reliant economy, suggesting the central bank might be forced to offer more stimulus eventually to temper the. . .  Full story

Chinese delegation to visit Argentina to discuss stalled nuclear deal -gov't source

18/03 A delegation from China will visit Argentina this month to discuss the construction of a nuclear power plant, signaling potential progress in a deal that could increase Beijing's deepening influence in the South American nation.. . .  Full story

Trump wants GM CEO 'to do something quickly' to reopen Ohio plant

18/03 President Donald Trump tweeted on Sunday that he urged General Motors Co's chief executive to "do something quickly" to reopen the company's Lordstown, Ohio, plant that was idled more than a week ago.. . .  Full story

INSIGHT-All the world a stage: Rising U.S. oil clout on show in Houston

18/03 A glance at the attendee list at one of the world's largest energy industry events in Houston this week left little question about the growing influence of the United States over global oil politics.. . .  Full story

Boeing says finalizing software upgrade, revising pilot training for 737 Max

18/03 Boeing Co said on Sunday it was finalizing the development of a software upgrade and a revision of pilot training for its 737 MAX, the plane that has suffered two fatal crashes in the. . .  Full story

Ethiopian Airlines black boxes show similarities to Lion Air crash-ministry

17/03 Ethiopia said on Sunday the crash of an Ethiopian Airlines plane that killed 157 people had "clear similarities" with October's Lion Air crash, according to initial analysis of the black boxes recovered from the wreckage. . .  Full story

Ethiopian Airlines black boxes showed 'clear similarities' with Lion Air crash-ministry

17/03 Analysis of the data from the black boxes of an Ethiopian Airlines plane that crashed killing all 157 people on board showed 'clear similarities' with October's Lion Air crash, a spokesman for the Ethiopian Transport. . .  Full story

Stimulus budget in cards as Canada's Liberals look to eclipse crisis

17/03 With a federal election looming and Prime Minister Justin Trudeau's government facing its worst political crisis in four years, Canada's ruling Liberals are expected to table a goody-filled budget later this week in bid to. . .  Full story

U.S. Fed looks to avoid crossed signals at policy meeting

17/03 Only two things will really matter when Federal Reserve Chairman Jerome Powell strides to the podium for his press conference on Wednesday after the end of the U.S. central bank's latest two-day policy meeting: Dots. . .  Full story

Iran's oil minister blames U.S. for market tensions

16/03 Iranian Oil Minister Bijan Zanganeh said on Saturday frequent U.S. comments about oil prices had created market tensions, the ministry's news website SHANA reported.. . .  Full story

Ethiopia crash probe advances with voice download, fresh details

16/03 The hunt for the cause of an Ethiopian Airlines plane crash that killed all 157 people on board gathered pace on Saturday when investigators successfully downloaded the cockpit voice recorder and fresh details emerged of. . .  Full story

High speed, then a failed climb for doomed Ethiopia flight

16/03 Ethiopian Airlines flight 302, which crashed killing 157 people, had an unusually high speed after take-off before the plane reported problems and asked permission to climb quickly, said a source who has listened to the. . .  Full story

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

16/03 More than 300 Boeing 737 MAX 8 and MAX 9 passenger jets around the world have been taken out of service following two fatal crashes over the past five months in Ethiopia and Indonesia. . .  Full story

Brazil import quota for U.S. wheat could come with Bolsonaro visit -source

16/03 Brazil is considering granting an import quota of 750,000 tonnes of U.S. wheat per year without tariffs in exchange for other trade concessions, according to a Brazilian official with knowledge of the negotiations ahead of. . .  Full story

Investor group calls on Lyft to scrap dual-class share structure plan -FT

16/03 A group of investors has called on Lyft Inc's board to scrap a proposed dual-class share structure, as the ride hailing company pitches its initial public offering to investors next week, the Financial Times reported. . .  Full story

Russia says it will respond to new EU sanctions

16/03 Russia will respond to new European Union sanctions, its foreign ministry said on Saturday, without saying what action it would take.. . .  Full story

EXCLUSIVE-Some lessors prepare to end aircraft lease deals with Jet - sources

16/03 Some lessors of India's Jet Airways have begun terminating lease deals over unpaid dues and are preparing to move the leased planes abroad, escalating a crisis for the carrier, five sources with knowledge of the. . .  Full story

U.S. suspends review on Trafigura oil-port project -official

16/03 U.S. maritime officials have suspended their review of Swiss trader Trafigura AG's application for a Gulf Coast deepwater terminal while they await additional information, a U.S. Coast Guard official said on Friday.. . .  Full story

U.S. requests consultations with South Korea under trade deal

16/03 The Trump administration has requested consultations with South Korea under the two nations' free trade pact to try to resolve U.S. concerns about procedures in competition hearings held by a South Korean trade commission.. . .  Full story

Brazil does not see U.S. backing OECD bid on Bolsonaro trip -source

16/03 Brazil does not expect the U.S. government to announce support for its bid to join a club of the world's advanced economies when its President Jair Bolsonaro visits Washington next week, a senior member. . .  Full story

Buffett's Berkshire says vice chairmen Jain, Abel each make $18 million

16/03 Berkshire Hathaway Inc on Friday said its newest vice chairmen, Greg Abel and Ajit Jain, were each awarded about $18 million last year, in the first detailed look at the pay of the men. . .  Full story

U.S. and Brazil may partner on small nuclear reactors

15/03 Brazil and the United States could work together to build small nuclear reactors, Brazil's mines and energy minister told Reuters on Friday, adding that the South American nation is also ready to open uranium mining. . .  Full story

Wall St gains with tech; S&P 500 posts best week since November

15/03 U.S. stocks rose on Friday, led by technology companies, as a report on progress in U.S.-China trade talks lifted sentiment, pushing the S&P 500 to its best week since November.. . .  Full story

ICE cotton futures gain on U.S.-China trade optimism

15/03 ICE cotton futures rose on Friday as a report stated that more progress has been made in the U.S.-China trade talks lifted investor sentiment. * The most active cotton contract. . .  Full story

U.S. 10-year yields sink to more than 2-month low ahead of Fed meeting

15/03 Benchmark 10-year and 2-year U.S. Treasury yields on Friday dropped to their lowest levels since early January, weighed down by weaker-than-expected U.S. economic data that suggested the Federal Reserve will hold interest rates steady for. . .  Full story

U.S. corn, soybean, wheat futures close strong; post weekly gains

15/03 U.S. wheat futures rose 1.7 percent on Friday as traders unwound bearish bets they placed on the grain when the market spiraled to a 14-month low earlier this week.. . .  Full story

BMW, Varta apply for funds in battery cell push for e-cars

15/03 Luxury carmaker BMW and Germany's Varta have both applied for state funding aimed at supporting battery cell production for electric vehicles, they said on Friday, hitting a deadline set by the German government.. . .  Full story

Cash, demand concerns overshadow Tesla's SUV launch

15/03 Shares of Tesla Inc fell nearly 5 percent on Friday, as investors wondered if its unveiling of an electric sports utility vehicle would add to pressure on cash flow, while analysts worried the carmaker. . .  Full story