Business

ADM pursues big ag merger with grain trader Bunge: source

CHICAGO/CALGARY, Alberta (Reuters) - Top U.S. grain merchant Archer Daniels Midland Co has proposed a takeover of Bunge Ltd , according to a person familiar with the approach...

Reuters Business

Deutsche Telekom expects steady dividend hikes: paper

FRANKFURT (Reuters) - Deutsche Telekom will keep to its promise of hiking dividends in 2018 and the years thereafter, its Chief Financial Officer Thomas Dannenfeldt told Germ...

Reuters Business

China's Dalian Wanda Group says 2017 revenue down 10.8 percent

HONG KONG (Reuters) - Chinese conglomerate Dalian Wanda Group said on Saturday its revenue dropped for a second consecutive year, by 10.8 percent in 2017, as the group sold of...

Reuters Business

Twitter to notify users exposed to Russian propaganda during U.S. elections

(Reuters) - Twitter Inc , which is reviewing Russian interference during the 2016 U.S. elections, said on Friday it would notify some of its users whether they were exposed to...

Reuters Business

Hopes for Tasmania's 'Battery of the Nation' dangle by a cable, or two

Tasmania could become a renewable energy powerhouse for the nation, but the concept largely hinges on interconnection issues that have not always gone well...

The Age Business

Possible Buffett heir Abel has small Berkshire stake, likely to grow

(Reuters) - Greg Abel, considered by many investors the top contender to succeed Warren Buffett as Berkshire Hathaway Inc's chief executive officer, on Friday re...

Reuters Business

ADM pursues big ag merger with grain trader Bunge: WSJ

CHICAGO/CALGARY, Alberta (Reuters) - Top U.S. grains merchant Archer Daniels Midland Co has proposed a takeover of Bunge Ltd , the Wall Street Journal reported on Friday, a m...

Reuters Business

Snubbed by millennials, diamonds are no longer investors' best friend

Polished diamond was one of the worst-performing commodities in 2017...

The Age Business

Venezuela's woes poised to hit U.S. oilfield service firms' earnings

HOUSTON (Reuters) - U.S. oilfield service companies exposed to Venezuela face new hits to earnings from the South American nation's ongoing economic turmoil and U...

Reuters Business

ADM has made takeover approach to Bunge -WSJ

(Reuters) - Agricultural processing and trading company Archer Daniels Midland Co has proposed a takeover of Bunge Ltd , the Wall Street Journal reported on Friday, a move th...

Reuters Business

FTC makes second request on Broadcom's bid for Qualcomm

(Reuters) - The U.S. Federal Trade Commission has made a second request for information on chipmaker Broadcom Ltd's $103 billion hostile bid for Qualcomm Inc , B...

Reuters Business

McDonald's 'joint employment' trial delayed amid settlement talks

(Reuters) - McDonald's Corp and a U.S. labor board are in talks to settle a case claiming the fast food company is liable for purported labor law violations by it...

Reuters Business

ADM has made takeover approach to Bunge: WSJ

(Reuters) - Agricultural processing and trading company Archer Daniels Midland Co has proposed a takeover of Bunge Ltd , the Wall Street Journal reported on Friday, a move th...

Reuters Business

Parent company of 7-Eleven agrees to divest some U.S. stores in Sunoco deal

WASHINGTON (Reuters) - Seven & i Holdings Co Ltd , the Tokyo-based parent company of the 7-Eleven network of stores, agreed to sell and divest some fuel outlets in...

Reuters Business

'There's nowhere to hide': companies warned on climate risks

When it comes to corporate Australia and climate change, 2018 is shaping up as a perfect storm...

The Age Business

Judge overseeing AT&T, Time Warner merger trial hears document dispute

WASHINGTON (Reuters) - AT&T , owner of DirecTV, is asking for documents from a long list of companies as part of preparation for a trial to determine if they w...

Reuters Business

Wall Street ends higher despite government shutdown threat

NEW YORK (Reuters) - Wall Street rose on Friday, led by gains in consumer stocks, even as a possible government shutdown loomed...

Reuters Business

GE shares stumble to worst week since financial crisis

NEW YORK (Reuters) - General Electric shares tumbled for a fifth straight session on Friday, sending the stock to its biggest weekly percentage drop since the financial crisi...

Reuters Business

Archer Daniels has made takeover approach to Bunge: WSJ

(Reuters) - Agricultural trader Archer Daniels Midland Co made a takeover approach to rival Bunge Ltd , the Wall Street Journal reported on Friday, citing people familiar wit...

Reuters Business

Wall St. ends higher even as government shutdown looms

(Reuters) - Wall Street rose on Friday, led by gains in consumer stocks, even as a possible government shutdown loomed...

Reuters Business

Fed's Quarles details steps to ease rules from Volcker to stress tests

WASHINGTON (Reuters) - A top bank regulator at the U.S. Federal Reserve is planning several imminent changes that Wall Street has wanted involving capital rules, proprietary t...

Reuters Business

Delaware sues opioid manufacturers, distributors over epidemic

(Reuters) - Delaware on Friday became the latest state to file a lawsuit accusing corporations of helping fuel the national opioid epidemic, suing a wide range of companies in...

Reuters Business

S&P, Nasdaq hit records, Dow muted as government shutdown looms

NEW YORK (Reuters) - The S&P 500 and the Nasdaq rose on Friday, led by gains in consumer stocks and hitting intraday highs, even as a possible government shutd...

Reuters Business

FTC set to make second request on Broadcom's bid for Qualcomm: sources

(Reuters) - The U.S. Federal Trade Commission is set to make a second request for information on chipmaker Broadcom Ltd's $103 billion hostile bid for Qualcomm In...

Reuters Business

Fed's Quarles says regulators have begun work to 'streamline' Volcker Rule

WASHINGTON (Reuters) - U.S. financial regulators have begun work on a proposal to "streamline" the Volcker Rule banning banks from making risky bets...

Reuters Business

Nike at two-year high as analysts tout margin benefits of direct sales

(Reuters) - Nike Inc's shares surged to a two-year high on Friday after two Wall Street brokerages said the footwear maker's profitability would soo...

Reuters Business

General Electric shares drop for fifth straight session

NEW YORK (Reuters) - General Electric shares tumbled for a fifth straight session on Friday, flirting with their biggest weekly percentage drop since the financial crisis, af...

Reuters Business

S&P lifted by consumer stocks, IBM weighs on Dow

(Reuters) - The S&P 500 and the Nasdaq edged higher on Friday following positive brokerage recommendations on a bunch of consumer names, but the Dow was reined...

Reuters Business

U.S. regulators have begun work to 'streamline' Volcker Rule: Fed official

WASHINGTON (Reuters) - U.S. financial regulators have begun work to "streamline" the Volcker Rule banning banks from making risky bets with their own...

Reuters Business

Possible U.S. shutdown won't affect U.S.'s AAA-rating: Fitch

NEW YORK (Reuters) - Fitch Ratings said on Friday its top AAA debt rating for the United States would not be directly impacted by a possible federal shutdown, which will begin...

Reuters Business

Big year ahead for ECM in Argentina

(IFR) - This is shaping up as a banner year for equity capital markets in Argentina, where five companies going public in the first quarter are looking to raise a combined US$...

Reuters Business

Gains in consumer stocks prop up S&P, Nasdaq

(Reuters) - The S&P 500 and the Nasdaq were prodded higher by gains in consumer stocks, while investors played down fears of a looming U.S. government shutdown...

Reuters Business

Lowe's nominates directors after 'constructive' talks with D.E. Shaw

(Reuters) - Home improvement chain Lowe's Cos Inc said it has nominated two independent board members and plans to add a third following "constructi...

Reuters Business

Amazon, Nike drive Wall Street higher

(Reuters) - Wall Street's main indexes rose on Friday, powered by gains in Amazon and Nike, while investors shrugged off fears of a looming U.S. government shutdo...

Reuters Business

In sign of times, luxury watchmaker Audemars embraces second-hand

GENEVA (Reuters) - Swiss luxury watchmaker Audemars Piguet said it would launch a second-hand business this year, becoming the first big brand to announce plans to tap into a...

Reuters Business

En route to Davos, Macron makes Versailles the place to be

PARIS (Reuters) - French President Emmanuel Macron will host dozens of the world's most powerful business executives at the gilded Palace of Versailles to pitch F...

Reuters Business

Exclusive: Trump's coal job push stumbles in most states - data

WASHINGTON (Reuters) - President Donald Trump's effort to put coal miners back to work stumbled in most coal producing states last year, even as overall employmen...

Reuters Business

Wall Street opens higher as investors shrug off shutdown fears

(Reuters) - U.S. stocks opened higher on Friday, putting the major indexes on track for three straight weeks of gains as hopes of a strong earnings season overshadowed fears o...

Reuters Business

Road to ruin? Carillion collapse puts spotlight on UK outsourcing model

LONDON/BALMEDIE, Scotland (Reuters) - In Balmedie, a village on the northeast coast of Scotland, an unfinished 12 km stretch of dual carriageway is a stark illustration of why...

Reuters Business

Wall Street set to rise as investors shrug off government shutdown fears

(Reuters) - Wall Street was set to open slightly higher on Friday as investors bet on strong corporate earnings, while playing down fears of a potential U.S. government shutdo...

Reuters Business

NAFTA talks seen ending happily, despite growls from Trump

BENGALURU/SAO PAULO (Reuters) - The North American Free Trade Agreement will probably be renegotiated successfully with only marginal changes, said a large majority of economi...

Reuters Business

Confidence returns for Australian coal miners

Did the market declare the death of thermal coal too soon?...

The Age Business

Delta Air to tighten onboard emotional support animal requirements

NEW YORK (Reuters) - Delta Air Lines is tightening the requirements for passengers traveling with onboard service and emotional support animals, the carrier said on Friday, f...

Reuters Business

Petrobras owes Brazil billions, unlikely to pay in 2018, minister says

BRASILIA (Reuters) - Brazilian state-controlled oil company Petróleo Brasileiro SA owes the government billions of dollars tied to offshore exploration rights but is unlikel...

Reuters Business

Futures climb as investors shrug off government shutdown fears

(Reuters) - U.S. stock futures pointed to a record open for the benchmark S&P 500 index on Friday as investors bet on strong corporate earnings, while playing...

Reuters Business

Lowe's names two directors after talks with activist investor

(Reuters) - Lowe's Cos Inc said on Friday it added two board members, a week after reports that hedge fund D.E. Shaw & Co had built an active stake i...

Reuters Business

U.S. shutdown fears hurt dollar, Treasury yields at highest since 2014

LONDON (Reuters) - The dollar wallowed near three-year lows on Friday as heightened fears of a U.S. government shutdown unnerved investors, while U.S. Treasury yields continue...

Reuters Business

Exclusive: Most U.S. states lost coal mining jobs in 2017 – data

WASHINGTON (Reuters) - Nearly two-thirds of U.S. coal producing states lost coal mining jobs in 2017, even as overall employment in the downtrodden sector grew modestly, accor...

Reuters Business

Japan, U.S. to discuss trade 'framework', U.S. envoy says: NHK

TOKYO (Reuters) - Japan and the United States next week will start to discuss a framework of negotiations with the aim of concluding a trade pact and fixing bilateral trade im...

Reuters Business

Dollar hurt by U.S. shutdown fears, Treasury yields at highest since 2014

LONDON (Reuters) - The dollar wallowed near three-year lows on Friday as heightened fears of a U.S. government shutdown unnerved investors, while U.S. Treasury yields continue...

Reuters Business

The coalition is putting the early squeeze on foreign workers

The 457 visa for temporary workers won’t be officially abolished until March 1, but the number granted has already fallen by more than a third – heralding a squeeze on for...

The Age Business

Embattled Quintis facing $37m payment

Quintis faces more financial pressure after an investor exercised a put option to sell $37 million of plantations to the troubled sandalwood producer...

Business News

BGC Residential signs Marketforce

The state’s largest residential builder has enlisted local advertising agency Marketforce to deliver the marketing and strategic requirements across its six divisions for 20...

Business News

Aust shares fall on US govt shutdown fears

The Australian share market has closed lower on concerns around a possible US government shutdown, while the Aussie dollar is trading at a four-month high...

Business News

Cape in Bald Hill lithium win

CFC Group subsidiary Cape has become the latest business to win work from the the state’s growing lithium sector, sealing a four-year contract for crushing services at Bald...

Business News

Mining sector turnaround

The mining industry has received another signal of a turnaround in the sector, with the Department of Mines, Industry Regulation and Safety announcing a 40 per cent rise in pr...

Business News

Mercantile increases Bauxite bid

Sir Ron Brierley-chaired Mercantile Investment Company has increased its bid for Perth-based mining company Bauxite Resources to 11 cents, putting it within the price range se...

Business News

Emirates A380 orders allow Airbus to maintain minimum production - COO

PARIS (Reuters) - Airbus Chief Operating Officer Fabrice Bregier said on Friday that Emirates' latest order for up to 36 A380 aircraft worth $16 billion at list p...

Reuters Business

WA tech attracts $109m

Western Australian startups and young technology companies attracted about $109 million in funding in the December quarter, according to the latest report from tech sector ana...

Business News

Fastbrick funds WA stats

Western Australian startups and young technology companies attracted about $109 million in funding in the December quarter, according to the latest report from tech sector ana...

Business News

Wall Street traders brace for meager paychecks as bonus season approaches

NEW YORK (Reuters) - Some traders at the largest Wall Street banks are about to get big, fat zeroes for bonuses while they watch markets thrive...

Reuters Business

Fraud and scandals costing DIY super funds billions

The true costs of financial fraud and misconduct to self-managed super funds (SMSFs) is more than triple the reported losses, once the further losses from not having the money...

The Age Business

Flux expands, innovates

The finishing touches are under way at the fitout for Flux’s two new floors at Parmelia House, which feature a shift away from full open plan...

Business News

Asia stocks rise on China growth, U.S. govt. funding woes dent dollar

TOKYO (Reuters) - Asia stocks shook off losses on Wall Street and edged up to record highs on Friday following China's announcement of faster-than-expected fourth...

Reuters Business

ASX sags but Australian dollar dazzles

Shares fell for a fourth consecutive day to end the week on a sour note, as investors shrugged off new records on Wall St and some upbeat economic indicators...

The Age Business

You'll be shopping like The Jetsons pretty soon

The automation of bricks and mortar retail is well and truly here...

The Age Business

Mark my words podcast

PODCAST: In this Business News podcast Mark Beyer and Mark Pownall discuss the Australian dollar and commodities, blockchain technology, contract wins and deals, Imdex&amp...

Business News

ASIC warns advisers over 'widespread' false witnessing

There is a "widespread" problem with financial advisers cutting corners when clients sign a key superannuation document, the corporate cop has warned...

The Age Business

Zombies, bubbles and the hidden risks of record low interest rates

There are myriad risks created by leaving interest rates too low for too long...

The Age Business

A380 boom delivers Sydney Airport record

With Malaysia Airlines becoming the ninth carrier to use the maximum 838-seat A380 to service Sydney in 2017, Sydney International Airport has become the world's...

The Age Business

Asia stocks set record highs, U.S. government funding woes weigh on dollar

TOKYO (Reuters) - Asia stocks edged up to record highs on Friday, although losses on Wall Street slowed the advance, while worries over a possible U.S. government shutdown wei...

Reuters Business

Battery secures 60% offtakes

Battery Minerals has locked in offtake agreements for 60 per cent of the forecast annual production at its Montepuez graphite project in Mozambique after announcing a supply d...

Business News

Government targets energy guzzlers in our homes

The Turnbull government is carrying out the first-ever review of the national standards for appliance energy efficiency...

The Age Business

Government carries out energy efficiency law review

The Turnbull government is carrying out the first-ever review of the national standards for appliance energy efficiency...

The Age Business

What kind of company sells a dud like this to its customers?

Reality is finally sinking in around the nation's car yards...

The Age Business

SEC says bitcoin funds raise 'investor protection issues'

(Reuters) - The U.S. securities regulator on Thursday raised alarm about the safety of bitcoin-themed investments, telling the fund industry they want answers to their concern...

Reuters Business

Gloria Jeans, Brumby's, Donut King owner faces second class action threat

The embattled owner of Gloria Jeans, Brumby's Bakeries and Donut King franchises could face a class action from disgruntled franchisees...

The Age Business

CrownBet dumps digital wagering plan for NSW clubs

Digital bookmaker CrownBet has ditched its ambitious plan to provide online sports-betting services in up to 1200 clubs across NSW...

The Age Business

South Korean group files complaint against Apple CEO over iPhone slowdown

SEOUL (Reuters) - A South Korean consumer group has filed a criminal complaint against Apple Inc CEO Tim Cook over slower iPhone devices, after probes in Europe into allegatio...

Reuters Business

Exclusive: U.S. puts HNA deals on ice until it gets ownership info - source

NEW YORK (Reuters) - The U.S. government will not approve any investment by HNA Group until the Chinese conglomerate, which has been scrutinized around the world over its own...

Reuters Business

SEC questions prospects of bitcoin ETFs

(Reuters) - The U.S. Securities and Exchange Commission (SEC) has questioned the prospects of bitcoin exchange-traded funds saying there are a significant number of investor p...

Reuters Business

Asia stocks set record highs, U.S. govt. funding woes weigh on dollar

TOKYO (Reuters) - Asia stocks edged up to record highs on Friday, although losses on Wall Street slowed the advance, while worries over a possible U.S. government shutdown wei...

Reuters Business

Po Valley soars on gas discovery

Shares in Perth oil and gas explorer Po Valley Energy have skyrocketed today after the company announced a discovery at its Selva gas field in northern Italy...

Business News

Apple will let you choose between your phone's speed, its battery life

Apple chief executive Tim Cook says you'll soon be able to make the decision between your iPhone's performance and its battery life, following contro...

The Age Business

Loy Yang B failure sends prices soaring, triggers supply safeguards

Major coal-fired power station failures have seen AEMO triggering emergency electricity security measures...

The Age Business

Possible Buffett successor Jain reports $109 million Berkshire stake

(Reuters) - Ajit Jain, who was recently appointed a vice chairman of Warren Buffett's Berkshire Hathaway Inc , on Thursday reported ownership of roughly $109 mill...

Reuters Business

MetLife, U.S. regulators agree to set aside legal fight

WASHINGTON (Reuters) - The U.S. government and MetLife announced on Thursday they would jointly be seeking to dismiss an appeal over whether the insurance company should face...

Reuters Business

'I don't like you. I don't like f***ing cowboys': Worker fails to win job back after fight over cowboy hat

A rigger who got into a fight after an unidentified man stole his cowboy hat has lost a bid to save his job at one of Australia’s biggest liquefied natural gas projects...

The Age Business

Markets Live: ASX struggles to lift

The local sharemarket has failed to build on a positive early start as it looks to break a three-day losing streak, while the Aussie trades above US80 cents...

The Age Business

IBM returns to growth after six years, but dour forecast hits shares

(Reuters) - International Business Machines Corp's revenue rose for the first time in 23 quarters, beating analysts' estimates, but the company warn...

Reuters Business

Asia stocks near record highs, U.S. funding woes weigh on dollar

TOKYO (Reuters) - Asia stocks edged higher on Friday and were within reach of record highs, although losses on Wall Street slowed the advance, while worries over a possible U...

Reuters Business

Are our doctors prescribing our drugs to help us, or to help them?

Patients are rightly questioning their doctor’s motivation for prescribing certain medications...

The Age Business

The $1.5b Bitcoin heist: Hackers have snatched 14 per cent of cryptocurrencies

The surge of digital currencies has created a $250 million-a-year hacker industry, with an estimated 14 per cent of major cryptocurrencies in the hands of cyber criminals...

The Age Business

SoftBank is now Uber's largest shareholder as deal closes

SAN FRANCISCO (Reuters) - A group of investors led by SoftBank Group Corp closed a deal with Uber Technologies Inc [UBER.UL] on Thursday, making SoftBank the largest stakehol...

Reuters Business

'Silent boycott': Gen Ys dump scandal-hit brands but stay quiet about it

Millennials are less tolerant of inconvenience and more likely to ditch a brand due to a public scandal than any other age group...

The Age Business

Amazon's review of Toronto could escalate tension with Trump

TORONTO (Reuters) - Amazon.com Inc's inclusion of Canada's largest city on a list of 20 finalists for a massive new campus could escalate tensions b...

Reuters Business

At AstraZeneca, fewer drug projects bring big productivity jump

LONDON (Reuters) - A focus on fewer diseases, together with cuts in laboratories and staff, has delivered a more than fourfold increase in research productivity at drugmaker A...

Reuters Business

Tax overhaul leads AmEx to first loss in 26 years, buyback suspension

(Reuters) - Credit card issuer American Express Co posted its first quarterly loss in 26 years and said it would not buy back shares for the next six months, both due to the...

Reuters Business

Markets Live: ASX opens higher

The local sharemarket has inched higher at the open as it looks to break a three-day losing streak, while the Aussie stays high...

The Age Business

Rupert Murdoch's News Corp. settles phone hacking case amid Sky probe

Rupert Murdoch's News Corp. agreed to a last-minute settlement before the start of another phone-hacking trial in London that would have raked up incidents from m...

The Age Business
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