(Reuters) -Indonesia’s ban on palm oil exports shocked global edible oils markets that already reached record high prices this year, and sparked alarm among major importers of the cooking medium. Palm oil is the world’s most widely used vegetable oil and is used in the manufacture of many products including biscuits, margarine, laundry detergents and…
By Svea Herbst-Bayliss and Greg Roumeliotis (Reuters) -Twitter Inc kicked off deal negotiations with Elon Musk on Sunday after he wooed many of the social media company’s shareholders with financing details on his $43 billion acquisition offer, people familiar with the matter said. The company’s decision to engage with Musk, taken earlier on Sunday, does…
(Reuters) – Apple Inc’s prime supplier Foxconn Technology Group halted operations at two of its factories in eastern China’s Kunshan after new COVID-19 cases were reported on site, the South China Morning Post reported on Monday. The operations at those plants have been suspended since Wednesday last week, with all employees confined to dormitories inside,…
By Svea Herbst-Bayliss and Greg Roumeliotis (Reuters) – Twitter Inc is coming under increasing pressure from its shareholders to negotiate with Elon Musk even though the world’s richest person has called his $43 billion bid for the social media platform his best and final offer, people familiar with the matter said on Sunday. While the…
By Dhara Ranasinghe and Saikat Chatterjee LONDON (Reuters) – European markets will breath a collective sigh of relief on Monday as pro-EU centrist Emmanuel Macron looked set to win a second term as France’s president, beating rival far-right candidate Marine Le Pen. First projections after Sunday’s run-off election showed Macron securing around 57-58% of the…
By Richard Cowan WASHINGTON (Reuters) – Alvaro Bedoya will be confirmed to the U.S. Federal Trade Commission this week, Senate Majority Leader Chuck Schumer said on Sunday, giving the agency enough votes to investigate oil companies Democrats say are “gouging” consumers with high gasoline prices. Vice President Kamala Harris will be on hand to break…
CANBERRA, Australia — Australian Prime Minister Scott Morrison is welcoming President Emmanuel Macron’s reelection to a second term in France as a “great expression of liberal democracy.” Macron was scathing of Morrison after Australia’s conservative government canceled a 90 billion Australian dollar ($66 billion) submarine contract in September. Macron accused Morrison of lying to him…
By Balazs Koranyi WASHINGTON (Reuters) – European Central Bank policymakers are keen to end their bond purchase scheme at the earliest possible moment and raise interest rates as soon as July but certainly no later than September, nine sources familiar with ECB thinking told Reuters. The ECB has been removing stimulus at the slowest possible…
NEW YORK (AP) — In the aftermath of their hard-won labor victory, Amazon workers in the New York City borough of Staten Island popped Champagne, cheered their victory and danced in celebration. But their jovial attitude will be tested by a company that seems likely to drag its feet to the bargaining table. Among other…
By Lewis Krauskopf and Saqib Iqbal Ahmed NEW YORK (Reuters) – Battered U.S. stocks are facing a potentially painful stretch in the weeks ahead, as hawkish Federal Reserve policy, rising bond yields, geopolitical uncertainty and the corporate earnings season fuel investor unease. After last week’s sharp decline, the S&P is down 5.7% so far in…
