US Business

Dow profit surges as prices for chemicals soar on Texas freeze

16h18 Dow Inc's current-quarter revenue forecast was more than $1 billion above expectations after the company crushed first-quarter estimates on surging prices for its chemicals from tighter supply following a winter freeze in Texas.. . .  Full story

TSX opens lower as oil stocks weigh

16h05 Canada's main stock index fell on Thursday, weighed by energy stocks as a renewed surge in coronavirus infections in some Asian countries raised concerns about oil demand.. . .  Full story

U.S. financial regulators in hot seat as Biden ramps up climate agenda

16h01 As U.S. President Joe Biden escalates his climate change agenda, pressure is growing on the country's regulators to catch up with Europe and incorporate various risks posed by climate change into their oversight of the. . .  Full story

U.S. existing home sales drop to seven-month low

16h00 U.S. home sales fell to a seven-month low in March, pulled down by an acute shortage of properties, which is boosting prices and making owning a house more expensive for some first-time buyers.. . .  Full story

Volkswagen mulls board change that could see labour chief move on - sources

15h58 Volkswagen is considering a change to its supervisory board that could lead to the replacement of Bernd Osterloh, the head of its powerful works council who clashed with CEO Herbert Diess last year, sources familiar. . .  Full story

U.S. deepens emissions target at climate summit, goal called 'game changing'

15h56 The Biden administration on Thursday pledged at a U.S. climate summit attended by world leaders to slash U.S. greenhouse gas emissions in half by 2030, a target it hopes will spur other big countries. . .  Full story

Insurer Chubb 'disappointed' after rival Hartford rebuffs further buyout offers

15h52 Insurer Chubb Ltd said on Thursday it was "disappointed" that Hartford Financial Services Group had rebuffed two more buyout bids, weeks after the smaller rival rejected its initial $23.24 billion proposal.. . .  Full story

Canadian National confident of regulatory approval for Kansas City Southern bid

15h43 Canadian National Railway Co on Thursday sent a letter to Kansas City Southern's board, saying the company is confident of winning regulatory approvals for its takeover offer of about $33.7 billion.. . .  Full story

U.S. weekly jobless claims fall to new one-year low

15h38 The number of Americans filing new claims for unemployment benefits last week dropped to a fresh one-year low, suggesting layoffs were subsiding and strengthening expectations for another month of blockbuster job growth in April as. . .  Full story

Wall St opens flat as earnings roll in; jobless claims fall

15h33 Wall Street's main indexes opened flat on Thursday as investors assessed earnings from U.S. airlines and AT&T, while data showed fewer Americans filed fresh claims for unemployment benefits last week.. . .  Full story

Yields in narrow range despite jobs data

15h31 U.S. Treasury trading showed little drama for a fifth consecutive day on Thursday despite healthy new employment data as investors awaited guidance from a Federal Reserve meeting next week. The benchmark. . .  Full story

Valero shrugs off storm hit, sees silver lining in demand uptick

14h46 U.S. refiner Valero Energy Corp posted a larger quarterly loss on Thursday as a winter storm hit its operations in February, but its top boss shrugged off the rare event to focus on rising. . .  Full story

Quest Diagnostics tops profit estimates as non-COVID-19 testing demand recovers

14h38 Quest Diagnostics Inc beat quarterly profit estimates on Thursday, as a recovery in its non-COVID-19-related businesses helped offset slowing demand for the medical device maker's coronavirus testing services.. . .  Full story

Amazon-backed home tech startup SmartRent to go public in over $2 bln SPAC deal

14h37 Amazon-backed home technology solutions provider SmartRent.com Inc said on Thursday it had agreed to go public through a merger with a blank-check firm backed by venture capital firm Fifth Wall, valuing the equity of. . .  Full story

Start-ups aim to change car battery recycling, clean up world's most polluting industry

14h28 A handful of startups are trying to find a new way to recycle used car batteries, using water, chemicals and electricity to produce lead instead of the hazardous, high-heat smelting that has been identified. . .  Full story

Freeport-McMoRan swings to quarterly profit on higher copper prices

14h24 Freeport-McMoRan on Thursday reported a first-quarter profit, compared with a year-ago loss, as the world's largest publicly traded copper producer benefited from higher prices for the. . .  Full story

Corn holds at highest since 2013, soybeans hit $15 on supply strains

14h02 Chicago corn futures gained more ground on Thursday, with prices holding around eight-year highs, as cold weather in the United States and dryness in Brazil raised doubts about whether next harvests will replenish declining. . .  Full story

Ryanair's first 737 MAX delivery weeks away after new delays

13h57 Boeing's first 737 MAX delivery to Ryanair remains weeks away, the Irish airline said on Thursday, a month after forecasting that it would take delivery of eight of the aircraft before the end of April.. . .  Full story

EU needs to study rise of SPACs, says ESMA exec candidate

13h53 The European Union needs to study the rise of special purpose acquisition companies (SPACs) but it is too early to say if they are a "bubble", the executive director designate for EU securities watchdog. . .  Full story

Japan ups 2030 greenhouse gas reduction goal to 46%

13h42 Japan on Thursday raised its target for cutting carbon emissions to 46% by 2030, responding to pressure from the United States and domestic companies, along with environmentalists who criticized its previous goal of 26% as. . .  Full story

Todd Boehly's SPAC to take Vivid Seats public in near $2 bln deal

13h23 Online ticket marketplace Vivid Seats Inc said on Thursday it had agreed to be taken public by a Todd Boehly backed blank-check firm, valuing the combined company at $1.95 billion.. . .  Full story

Israel targets tourism boost after rapid COVID-19 vaccine roll-out

13h21 Israel's struggling tourism sector hopes to reap quick benefits when the country reopens next month after a rapid COVID-19 vaccination campaign.. . .  Full story

D.R. Horton raises full-year outlook as profit beats on strong home demand

13h03 D.R. Horton Inc raised its full-year outlook for home deliveries and reported a better-than-expected quarterly profit, as strong housing demand and low mortgage rates boosted the top U.S. homebuilder's sales.. . .  Full story

Mexico's Pemex relaxes COVID-19 rules, orders senior staff back to location

13h00 Mexican state oil company Petroleos Mexicanos ordered most senior management to return to work in person as of next week, an internal memo shows, even as the country reports hundreds of new COVID-19 deaths a. . .  Full story

Syrian missile explodes in area near Israeli nuclear reactor, Israel retaliates

12h59 A Syrian missile exploded in southern Israel on Thursday, the Israeli military said, in an incident that triggered warning sirens near the secretive Dimona nuclear reactor and an Israeli strike in Syria.. . .  Full story

Cathie Wood's ARK Invest piles into UiPath, trims Tesla

12h27 Cathie Wood's ARK Invest snapped up shares of automation software provider UiPath Inc in its strong stock market debut on Wednesday, while trimming some holdings in Tesla.. . .  Full story

Activist Greta Thunberg to testify to U.S. Congress on fossil fuel subsidies

12h00 Swedish climate activist Greta Thunberg will testify Thursday to a U.S. congressional hearing on fossil fuel subsidies, which the committee's progressive chairman is pressuring President Joe Biden to end.. . .  Full story

The ebb and flow of sanctions on Iranian oil

11h59 In 2015, Iran reached a historic deal with six world powers to trade curbs on its nuclear programme for sanctions relief, including on oil. But in 2018, the United States under Donald Trump's presidency. . .  Full story

Spanish competition proving a headache for Orange

11h23 Orange, France's biggest telecoms firm, signalled that cut-throat competition in Spain was here to stay, weighing on investor sentiment as the group posted a worse-than-expected performance in its second-biggest market.. . .  Full story

Low-tax Ireland plays damage limitation card as global overhaul beckons

11h15 Ireland, resigned to having much to lose from a global overhaul of how multinational companies are taxed, has embarked on a damage limitation exercise that it hopes will let it and other low-tax economies retain. . .  Full story

U.S. lawmakers intensify bipartisan efforts to counter China

10h07 A bipartisan U.S. congressional push to counteract China picked up steam on Wednesday as a Senate committee overwhelmingly backed a bill pressing Beijing on human rights and economic competition, while other lawmakers introduced a measure. . .  Full story

Carlyle's AlpInvest raises $3.5 billion for eighth co-investment fund

10h00 Buyout firm Carlyle Group Inc's AlpInvest Partners said on Thursday it had raised $3.5 billion for its eighth fund that is dedicated to investing in companies alongside private equity firms.. . .  Full story

AB Volvo rides demand recovery, but chip woes loom

09h08 Swedish truckmaker AB Volvo smashed forecasts for first-quarter core earnings on Thursday on the back of surging demand, lifting its shares, but cautioned a global chip shortage was set to hit production in the near. . .  Full story

Miners and banks push Australia shares higher

03h06 Australian shares were buoyed on Thursday by the mining, banking and technology sectors, although losses in energy stocks following an overnight drop in crude prices capped the gains.. . .  Full story

Outflows continue at Australian wealth manager AMP as reputation damage bites

02h43 AMP Ltd saw A$1.5 billion ($1.16 billion) in net outflows at its Australian wealth management business in the first quarter as the troubled financial firm continues to lose clients, sending its shares to a more. . .  Full story

Credit Suisse had more than $20 billion exposure to Archegos investments - WSJ

02h35 Credit Suisse Group had more than $20 billion of exposure to investments related to Archegos Capital Management and struggled to monitor them before the fund had to liquidate many large positions, the Wall Street. . .  Full story

Tesla comes under growing China pressure after customer complaint

02h25 Tesla Inc came under increased pressure in China on Wednesday from regulators and state media after Monday's protest by a disgruntled customer at the Shanghai auto show went viral and forced the electric car maker. . .  Full story

U.S. economy on a solid footing, coronavirus still top threat

02h05 The U.S. economy will grow at its fastest annual pace in decades this year and outperform most of its major peers, with the outlook upgraded sharply, but another COVID-19 surge was the biggest risk. . .  Full story

Australia's Santos posts 9% revenue rise, sees higher LNG prices in Q2

01h29 Australian gas producer Santos Ltd on Thursday posted a 9.2% rise in first-quarter revenue, helped by firmer commodity markets as global economies recover from last year's pandemic lows, and forecast stronger LNG prices for the. . .  Full story

Kinder Morgan raises outlook as profit surges on winter storm demand

01h17 Kinder Morgan on Wednesday posted a quarterly profit that breezed past estimates, helping the U.S. pipeline operator raise its annual earnings forecast, on a demand surge for natural gas and electricity during the February winter. . .  Full story

U.S. to join effort to curb climate-warming emissions from shipping

01h09 The United States will join an international effort to achieve zero emissions by 2050 in the global shipping industry, climate envoy John Kerry announced ahead of a summit of world leaders President Joe Biden. . .  Full story

U.S. Senate panel advances bill to aid Ukraine, pressure Nord Stream 2

01h02 The U.S. Senate Foreign Relations Committee advanced a bill on Wednesday to deliver aid to Ukraine in its struggle with Russia and pressure companies helping to build Russia's Nord Stream 2 gas pipeline that. . .  Full story

Canadian Pacific CEO rules out raising bid for Kansas City rail

00h55 Canadian Pacific Railway Ltd Chief Executive Keith Creel said on Wednesday the company will not raise its bid for U.S. railroad Kansas City Southern , saying bigger rival Canadian National's offer is "not a real. . .  Full story

Mexican judge gives temporary win to Bayer over glyphosate ban

00h44 A Mexican judge has sided with Bayer AG in a legal challenge to a government plan to prohibit glyphosate, according to the ruling seen by Reuters on Wednesday, providing temporary relief from a looming ban. . .  Full story

Software maker UiPath shares rise over 23% in NYSE debut

21/04 Shares of automation software provider UiPath Inc jumped 23.21% in their New York Stock Exchange debut on Wednesday, underscoring investors' appetite for high-growth tech stocks.. . .  Full story

Corn, soy climb to multi-year highs on tight supplies, weather woes

21/04 U.S. corn and soybean futures climbed to multi-year highs on Wednesday, supported by firm cash markets as old-crop supplies dwindle and weather issues threaten prospects for the 2021 harvests, analysts said.. . .  Full story

Takeaway, Uber CEOs exchange barbs after Uber Eats says it will enter German market

21/04 The chief executive of Europe's largest restaurant order and delivery company Just Eat Takeaway.com sparred with the CEO of Uber on Twitter on Wednesday after the U.S. company said Uber Eats would launch in Germany,. . .  Full story

Kinder Morgan raises outlook, dividend as profit surges on winter storm demand

21/04 Kinder Morgan's profit more than doubled from the prior quarter and the U.S. pipeline operator raised its annual forecast as well as dividend, benefiting from a sudden demand surge for natural gas as fuel. . .  Full story

Treasury deputy chief says reviewing costs, benefits of U.S. sanctions

21/04 U.S. Treasury Deputy Secretary Wally Adeyemo told securities industry executives on Wednesday that the Treasury will weigh the costs and benefits of financial sanctions to ensure that they remain a strong and viable foreign policy. . .  Full story

Wall Street rebounds after two-day decline; Netflix slides

21/04 Wall Street rebounded on Wednesday after a two-day decline in a broad rally as a tilt toward stocks poised to benefit from a recovering economy offset Netflix Inc's sell-off after its disappointing results a day. . .  Full story

Canadian Pacific profit surges 47% as automotive, Canada grain segments outperform

21/04 Canadian Pacific Railway Ltd posted a 47% rise in first-quarter profit, boosted by a strong performance in its automotive and Canadian grain segments.. . .  Full story

Yields stable despite strong 20-year bond auction

21/04 U.S. Treasury yields remained range-bound on Wednesday even after an auction of 20-year bonds showed strong demand, a pattern analysts expect to persist until next week's economic data releases and Federal Reserve policy meeting.. . .  Full story

Yellen lays out 'bold' climate agenda for U.S. economy, markets

21/04 U.S. Treasury Secretary Janet Yellen on Wednesday pledged to aggressively tackle climate change using all the tools at her disposal, warning that a failure to do so effectively and promptly could undermine economic growth.. . .  Full story

NextEra backs Biden's clean energy push as renewables power profit

21/04 NextEra Energy Inc will back the U.S. government's push for utilities to tap carbon-free sources, the country's most valuable electricity provider said as capacity growth in renewable energy pushed its quarterly profit above expectations.. . .  Full story

Not Impossible, just unlikely: Wall Street's plant-based love wilts

21/04 A cooling of the U.S. stock market's taste for plant-based meat makers has raised doubts among some investors and analysts about Impossible Foods' plans to achieve a $10 billion flotation.. . .  Full story

Bayer says Mexican judge rules in its favor over glyphosate ban

21/04 A Mexican judge has sided with Bayer AG in a legal challenge over a government policy that seeks to ban glyphosate, the company told Reuters on Wednesday, in a temporary reprieve from a looming. . .  Full story

European defence groups in talks to buy stake in Germany's Hensoldt

21/04 German military sensor maker Hensoldt said that its largest shareholder, buyout group KKR, is soliciting bids for a 25.1% stake among major European defence contractors.. . .  Full story

Auto retailer Lithia rides ahead of estimates on higher prices, demand

21/04 U.S. auto retailer Lithia Motors Inc on Wednesday trounced first-quarter profit estimates and said it was running ahead of schedule to hit its $50 billion annual revenue target as it benefits from higher prices. . .  Full story

Ireland pleads case for small countries as OECD moves towards global tax deal

21/04 A global deal overhauling how multinational companies are taxed is likely this year, an official overseeing the talks said on Wednesday, as low-tax Ireland called for any agreement to work for small countries and allow. . .  Full story

China reactors will yield weapons-grade plutonium -U.S. commander

21/04 A new generation of nuclear power facilities that China is developing could produce large amounts of plutonium that could be used to make nuclear weapons, the head of the U.S. Strategic Command warned lawmakers. . .  Full story

Nasdaq tops quarterly profit views on trading surge

21/04 Nasdaq Inc reported a better-than-expected first-quarter profit on Wednesday, boosted by strength in its trading business against a backdrop of high market volatility and a surge in initial public offerings.. . .  Full story

Biden to offer tax credits for COVID-19 vaccination paid time off

21/04 President Joe Biden on Wednesday will announce tax credits to businesses that provide paid time off for some people to get COVID-19 shots as he seeks to get corporate America more involved in the. . .  Full story

U.S. Treasury's Yellen says corporate climate commitments help manage financial risks

21/04 U.S. Treasury Secretary Janet Yellen said on Wednesday that companies setting ambitious carbon reduction targets are already helping financial institutions manage climate-related risks and helping support a transition to a low-carbon economy.. . .  Full story

CN Rail kicks off regulatory approval process for $30 bln Kansas bid

21/04 Canadian National said on Wednesday it had notified the U.S. Surface Transportation Board of its intent to buy Kansas City Southern after it made an unsolicited $30 billion bid for the U.S. railroad.. . .  Full story

Wall St fears Netflix fatigue as subscriber growth slumps

21/04 Wall Street cast doubt on Wednesday on Netflix Inc's ability to bounce back strongly from a first-quarter slowdown in subscriber growth that pointed to fatigue among viewers after a year of COVID-19-driven binge streaming.. . .  Full story

Providence-backed DoubleVerify's shares jumps 30% in NYSE debut

21/04 Shares of DoubleVerify Holdings Inc jumped nearly 30% in their U.S. market debut on Wednesday, giving the digital media engagement tracking software maker a market value of about $5.4 billion.. . .  Full story

U.S. crude and gasoline stocks edge up, distillates draw down -EIA

21/04 U.S. crude oil stockpiles unexpectedly edged higher last week, while distillate inventories fell and gasoline stocks built modestly as refining rates held steady, the Energy Information Administration said on Wednesday.. . .  Full story

Insurer Anthem warns of higher non-COVID-19 costs in coming quarters

21/04 Anthem Inc on Wednesday warned of higher medical costs in the coming quarters due to a sooner-than-anticipated rebound in demand for non-COVID-19 healthcare services as more Americans get vaccinated.. . .  Full story

ASML raises forecasts on semiconductor shortage, China shipments

21/04 ASML Holding NV, one of the biggest suppliers to semiconductor companies, beat first-quarter net income forecasts on Wednesday and raised its full-year sales expectations, citing strong demand amid a global computer chip shortage.. . .  Full story

Pandemic brings forward predictions for peak oil demand

21/04 The COVID-19 pandemic this year has dented oil consumption and brought forward forecasts by energy majors, producers and analysts for when the world's demand for oil may peak.. . .  Full story

U.S. net zero goal implies energy system transformation: Kemp

21/04 If U.S. policymakers want to reduce energy-related emissions faster and deeper to achieve the Biden administration’s stated objective of net zero by 2050, they will need much more profound changes than have occurred so far. . .  Full story

Halliburton, Baker Hughes beat estimates, eye oil recovery

21/04 Baker Hughes Co and Halliburton Co on Wednesday said North American oil markets were showing signs of recovery as the two energy services firms beat Wall Street expectations for first-quarter earnings.. . .  Full story

TSX gains as investors cheer positive corporate earnings

21/04 Canada's main stock index rose on Wednesday as a raft of upbeat corporate earnings lifted investor sentiment and expectations of a swift economic recovery, though lower oil prices capped further gains.. . .  Full story

Airlines cut global traffic forecast on recovery setbacks

21/04 Air traffic will recover more slowly than previously expected from the COVID-19 pandemic, as vaccination delays and government "risk aversion" slows the reopening of routes, global airlines body IATA said on Wednesday.. . .  Full story

Daimler cuts hours for up to 18,500 workers over chip shortage

21/04 Daimler will cut working hours for up to 18,500 employees and temporarily halt production at two plants in Germany due to a shortage of semiconductor chips that has hit global car production, it said on. . .  Full story

Saudi Tadawul Group narrows banks for IPO process -sources

21/04 Saudi Tadawul Group has short-listed three local and three foreign banks for potential advisory roles in the financial market company's upcoming initial public offering (IPO), three sources said.. . .  Full story

U.S. banks' bond bonanza driven by extraordinary market conditions, regulatory decisions

21/04 Record-breaking Wall Street bank bond offerings in recent days are being driven by a combination of extraordinary market conditions and regulatory decisions that can be traced to the government's pandemic relief efforts, said analysts.. . .  Full story

Social software start-up Classy raises $118 mln from Norwest, other investors

21/04 Classy, a technology company which builds fundraising software for non-profit institutions, has raised $118 million in fresh capital from venture capital firm Norwest Venture Partners and other investors, it said on Tuesday.. . .  Full story

Baker Hughes sticks to oilfield activity recovery prediction after weak quarter

21/04 Oilfield equipment and services provider Baker Hughes Co top boss on Wednesday reiterated he is "cautiously optimistic" about oil demand recovering this year from the coronavirus blow, echoing a view he shared on the company's. . .  Full story

Politics cast a long shadow over Russian stocks

21/04 Foreign investors' relatively high exposure to Russian equities and the sector's heavy focus on energy could add to pressure on the country's stocks, which have struggled to weather recent political storms, analysts said.. . .  Full story

Stellantis scraps digital speedometers for Peugeot car in chips shortage

21/04 Carmaker Stellantis said on Wednesday it would replace digital speedometers with more old-fashioned analogue ones in one of its Peugeot models, in a fallout from a global shortage of semiconductor chips that is roiling the. . .  Full story

How a sweetheart deal gives GameStop CEO a $179 mln goodbye gift

21/04 Gamestop Corp chief executive George Sherman can step down this summer with a $179 million windfall that dwarfs CEO salaries at many larger corporations thanks to a sweetheart deal that was turbocharged by this. . .  Full story

Automation services provider ActiveCampaign raises $240 mln at $3 bln valuation

21/04 ActiveCampaign, a cloud software platform that provides automation tools, said on Wednesday it had raised $240 million in fresh funding, valuing the company at more than $3 billion.. . .  Full story

Share buyback and strong sales boost France's Carrefour

21/04 Carrefour plans to buy back shares for the first time in a decade, showing confidence in its turnaround plan after a strong first quarter and sending shares in Europe's biggest food retailer around 4%. . .  Full story

Bain Capital considering bid to take Toshiba private -sources

21/04 Bain Capital is looking at formulating a bid to acquire Toshiba Corp, two people familiar with the matter said, making it one of several firms said to be interested in taking the Japanese conglomerate private.. . .  Full story

S.Korea court dismisses 'comfort women' lawsuit, contradicts earlier ruling

21/04 A South Korean court on Wednesday upheld Japan's state immunity to dismiss a lawsuit raised by a group of women who were forced to work in Japanese wartime brothels, contradicting a ruling in a. . .  Full story

Twelve U.S. states urge Biden to back phasing out gas-powered vehicle sales by 2035

21/04 The governors of a dozen U.S. states including California, New York, Massachusetts and North Carolina called on President Joe Biden on Wednesday to back ending sales of new gasoline-powered vehicles by 2035, a dramatic shift. . .  Full story

Australian Clinical Labs seeks $315 million in IPO - memo

21/04 Australian Clinical Labs (ACL), a pathology provider owned by domestic private equity firm Crescent Capital Partners, is seeking to raise $315 million in an initial public offering next week, according to a memo seen by. . .  Full story

France's BlaBlaCar Raises $115 Mln In Funding; Buys Ukraine's Octobus

21/04 French carpooling company BlaBlaCar announced on Tuesday:. . .  Full story

HK online brokerage Futu raises $1.24 bln to cash in on margin lending boom -sources

21/04 Hong Kong-based online brokerage Futu Holdings Ltd has raised $1.24 billion by selling new shares at $130 a piece to help expand its margin financing business, two people with direct knowledge of the matter told. . .  Full story

Amazon to let Whole Foods shoppers pay with a swipe of their palm

21/04 Amazon.com Inc said it is rolling out biometric technology at its Whole Foods stores around Seattle starting on Wednesday, letting shoppers pay for items with a scan of their palm.. . .  Full story

Australia to spend $420 mln on hydrogen, carbon capture projects

21/04 Australia will spend A$539.2 million ($420.25 million) to develop hydrogen and carbon capture projects, Prime Minister Scott Morrison said on Wednesday.. . .  Full story

February freeze to hit refiners' earnings as investors look to demand

21/04 Refiners are expected to report big first-quarter losses after February's winter storm froze activity along the Gulf Coast, but as more Americans are vaccinated against COVID-19, analysts expect the industry's outlook to brighten as demand. . .  Full story

German EV charging points, power sales to jump by 2030 - BCG

21/04 The number of public charging points needed by electric vehicles (EV) in Germany could jump more than tenfold and the value of the market for power sales could surge as much as 23% by. . .  Full story

-Netflix subscriber growth slows after pandemic boom, shares fall 11%

21/04 Netflix Inc said slower production of TV shows and movies during the pandemic hurt subscriber growth in the first quarter, sending shares of the world's largest streaming service down 11% on Tuesday.. . .  Full story

Foxconn mostly abandons $10 bln Wisconsin project touted by Trump

21/04 Taiwan electronics manufacturer Foxconn is drastically scaling back a planned $10 billion factory in Wisconsin, confirming its retreat from a project that former U.S. President Donald Trump once called "the eighth wonder of the world.". . .  Full story

SoftBank Vision Fund seen posting record earnings on Coupang

21/04 SoftBank Group Corp's $100 billion Vision Fund is widely seen reporting record earnings on May 12 after portfolio companies listed during the quarter, mostly driven by gain on its stake in South Korean e-commerce giant. . .  Full story

In Japan Inc, activist investors come in from the cold

21/04 Yasuo Takeuchi remembers the horror he felt in 2017 when, as chief financial officer of Japan's Olympus Corp, he was told an activist investor had taken a stake in the company: the barbarians were. . .  Full story

Xi to attend Biden's climate change summit in first meeting of two leaders

21/04 China's President Xi Jinping will attend a U.S.-led climate change summit on Thursday at the invitation of President Joe Biden, in the first meeting between the two leaders since the advent of the new. . .  Full story

Key facts about used lead-acid battery recycling

21/04 The global lead-acid battery industry is worth about $65 billion annually, but when used batteries are recycled, the process has been identified as the most polluting in the world.. . .  Full story

Tesla first-quarter registrations in California fall marginally - data

21/04 Tesla Inc's vehicle registrations in California dropped marginally during the first quarter compared with last year, weighed down by a slump in Model 3 registrations, according to data from Cross-Sell https://info.cross-sell.com/tesla-special-report-0, a research firm that. . .  Full story

Apple packs iPad Pros with faster chips, slims iMacs and jumps into tracking tags

21/04 Apple Inc announced on Tuesday a range of new computers, a paid podcasting service and devices for finding lost items, signaling the continued expansion of its once-simple product line into more and more corners. . .  Full story

Brazil meat lobby says tariff waiver allows cheaper U.S., Ukraine corn imports

21/04 Brazil's decision to temporarily suspend grain import tariffs is likely to benefit the United States and Ukraine, whose producers could sell products like corn for use as feed in Brazil, the leader of a Brazilian. . .  Full story