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As clock ticks, doubts grow over Kinder Morgan's Canada oil pipe expansion

May 27, 2018 by  
Filed under News

VANCOUVER/WINNIPEG, Manitoba (Reuters) – As a hard deadline set by Kinder Morgan Canada Ltd for scrapping a key pipeline expansion looms, there is growing doubt among investors, contractors and government officials about reaching a deal to save the C$7.4 billion ($5.7 billion) project.


Source: Reuters Business News

Bombardier launches longer-range variants of Global business jets

May 27, 2018 by  
Filed under News

MONTREAL (Reuters) – Canada’s Bombardier Inc on Sunday announced two new longer-range variants of its existing large-cabin Global business jets, which the company expects to generate higher revenues during a time of recovering appetite for corporate planes.


Source: Reuters Business News

Qualcomm to meet China regulators in push to clear $44 billion NXP deal: sources

May 27, 2018 by  
Filed under News

BEIJING (Reuters) – Qualcomm Inc is expecting to meet this week in Beijing with China’s antitrust regulators in a final push to secure clearance for its proposed $44 billion acquisition of NXP Semiconductors NV , three sources told Reuters.


Source: Reuters Business News

Tencent chairman pledges to advance China chip industry after ZTE 'wake-up' call: reports

May 26, 2018 by  
Filed under News

HONG KONG (Reuters) – Tencent Holdings chairman pledged to advance China’s semiconductor industry, saying the blow to ZTE Corp from Washington’s ban on U.S. firms supplying telecommunications company was a “wake-up” call, local media reported.


Source: Reuters Business News

Daimler faces scrutiny of 120,000 Vito, C-Class diesels: BamS

May 26, 2018 by  
Filed under News

FRANKFURT (Reuters) – Daimler faces an investigation of 40,000 diesel Vito vans and 80,000 C-Class model cars for possible illicit software that allowed the vehicles to emit excess pollution without detection, Bild am Sonntag reported, citing no sources.


Source: Reuters Business News

Oil output could return to October 2016 level, says Russia's Novak

May 26, 2018 by  
Filed under News

MOSCOW (Reuters) – A return to the oil production levels that were in place in October 2016, baseline for the current deal to cut output, is one of the options for easing curbs, Russia’s energy minister said on Saturday.


Source: Reuters Business News

Trump metals tariffs make Granite City great again, but at what cost?

May 26, 2018 by  
Filed under News

GRANITE CITY, Ill. (Reuters) – After Donald Trump was elected president in 2016 on a pledge to “Make America Great Again” and revive the country’s old industrial heartland, Dave Chrusciel hoped someday to return to his previous job at the steel mill here in this southern corner of Illinois.


Source: Reuters Business News

Miner Grupo Mexico blames freight train derailments on 'sabotage'

May 25, 2018 by  
Filed under News

MEXICO CITY (Reuters) – Mexican miner and infrastructure firm Grupo Mexico on Friday said in a statement that seven freight train derailments were due to “sabotage” and would cost the company 312 million pesos ($16 million).


Source: Reuters Business News

Audi CEO says diesel crisis not over and vows to stay on: report

May 25, 2018 by  
Filed under News

FRANKFURT (Reuters) – Audi Chief Executive Rupert Stadler said the diesel emissions affair was not over and promised to stay at the helm of the German luxury car maker, a German newspaper reported on Saturday.


Source: Reuters Business News

U.S. reaches deal to keep China's ZTE in business: congressional aide

May 25, 2018 by  
Filed under News

WASHINGTON (Reuters) – The Trump administration told lawmakers the U.S. government has reached a deal to put Chinese telecommunications company ZTE Corp back in business after it pays a significant fine and makes management changes, a senior congressional aide said on Friday.


Source: Reuters Business News

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