East Coast refiners eye Texas oil as North Dakota alternative U.S. East Coast refiners are looking to buy increasing volumes of domestic crude oil from the Gulf Coast, two sources said, the latest twist in a trade flow upheaval in the wake of the opening of the Dakota Access pipeline. […]
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Business
Ghosn wants Mitsubishi to reform, rules out Nissan merger A full merger of Japanese car makers Mitsubishi Motors Corp (MMC) (7211.T) and Nissan Motor Co Ltd (7201.T) is not on the table, Carlos Ghosn, chairman of both firms, said on Tuesday. "Full merger is not on the table. We want […]
T-Mobile open to merger talks, new subscribers top estimates T-Mobile US Inc (TMUS.O) is open to merger talks after a federal ban expires this week, the No. 3 U.S. wireless carrier said on Monday, as it reported stronger-than-expected subscriber growth in the first quarter. The U.S. Federal Communications Commission barred […]
LVMH, Arnault to simplify Christian Dior business structure Luxury goods group LVMH (LVMH.PA) and billionaire businessman Bernard Arnault announced on Tuesday a deal to simplify their relationship with Christian Dior by buying out its minority shareholders, a transaction aimed at boosting LVMH's earnings. Arnault's family company said the deal was […]
Credit Suisse investors prepare to grill chairman Rohner over pay Credit Suisse (CSGN.S) Chairman Urs Rohner faces his toughest shareholder meeting to date this week following an investor revolt over bonuses and losses totaling 5.65 billion Swiss francs ($5.7 billion) since 2015. Rohner, 57, is facing calls to stand down […]
Euro jumps, shares firm on French election relief The euro briefly vaulted to five-month peaks on Monday after the market's favored candidate won through the first round of the French election, reducing the risk of a Brexit-like shock and sparking a mass unwinding of safe-haven trades. E-mini futures for the […]
U.S. stocks futures rally after centrist takes first round in French election U.S. stock index futures rose sharply on Sunday on relief that centrist Emmanuel Macron took the first round of voting in the French presidential election, reducing the prospect of an anti-establishment market shock. Macron will face far-right leader […]
Germany's Merkel encouraged U.S. will consider EU free trade deal German Chancellor Angela Merkel fueled expectations of a future EU-U.S trade deal on Sunday, saying she was "very encouraged" talks were being looked at after her recent trip to Washington. Merkel, speaking at the opening of the 70th annual Hannover […]
Oil recovers lost ground, but market remains under pressure Oil prices recovered ground on Monday following last week's big losses, driven by expectations that OPEC will extend a pledge to cut output to cover all of 2017, although a relentless rise in U.S. drilling capped gains. U.S. West Texas Intermediate […]
IMF members set aside trade split as French vote rattles nerves International Monetary Fund members on Saturday dropped a pledge to fight protectionism amid a split over trade policy and turned their attention to another looming threat to global economic integration: the first round of France's presidential election. Concerns that […]
