By Karl Plume and Rod Nickel CHICAGO (Reuters) -Bunge’s planned acquisition of Viterra would make the world’s biggest oilseed crusher even more dominant and secure a larger role in the expanding renewable diesel industry, although it may face competition hurdles. Under the deal to create an agricultural giant worth about $34 billion including debt, Bunge’s…
By David French (Reuters) – One of SilverBow Resources Inc’s largest shareholders called on the U.S. oil and gas producer on Wednesday to drop its anti-takeover defenses and explore a sale, according to a letter reviewed by Reuters. Hedge fund Riposte Capital wrote in the letter that Houston-based SilverBow’s valuation was weighed down by adoption…
By Ananya Mariam Rajesh (Reuters) -Anheuser-Busch InBev’s Bud Light has lost its top spot in the U.S. beer market to Constellation Brands’ Modelo Especial, following backlash from conservatives over a social media promotion with transgender influencer Dylan Mulvaney. Sales of Bud Light and Budweiser dropped 24.6% and 9.2%, respectively, for the four weeks ended June…
By David Shepardson WASHINGTON (Reuters) -A U.S. judge late on Tuesday granted the Federal Trade Commission’s (FTC) request to temporarily block Microsoft Corp’s acquisition of video game maker Activision Blizzard and set a hearing next week. U.S. District Judge Edward Davila scheduled a two-day evidentiary hearing on the FTC’s request for a preliminary injunction for…
(Reuters) – Democratic Republic of Congo’s M23 rebels allegedly executed scores of villagers and militia members between November and April and buried their bodies in mass graves, Human Rights Watch (HRW) said on Wednesday, accusing Rwanda of backing the group. The Tutsi-led M23 staged a major offensive in Congo’s restive east last year, triggering an…
By Foo Yun Chee BRUSSELS (Reuters) -Alphabet’s Google may have to sell part of its lucrative adtech business to address concerns about anti-competitive practices, EU regulators said on Wednesday, threatening the company with its harshest regulatory penalty to date. The European Commission set out its charges in a statement of objections to Google two years…
MILAN (Reuters) – Telecom Italia’s (TIM) leading investor Vivendi is facing a rival candidate in the race to fill a vacant seat on the former phone monopoly’s board, two sources briefed on the matter said. French media group Vivendi, which owns a 24% stake in TIM, is sponsoring Luciano Carta, a former chairman at Italian…
(Reuters) -China’s foreign minister Qin Gang urged the United States to stop meddling in its affairs and harming its security in a phone call with his U.S. counterpart on Wednesday, a tense preview to Antony Blinken’s visit to Beijing expected in coming days. Qin told Blinken to respect China’s core concerns, such as the Taiwan…
By Fabian Cambero SANTIAGO (Reuters) -The CEO of Chile’s state-owned mining giant Codelco is stepping down after only a year in the role, citing person reasons and “complexities” in running the world’s largest copper producer. Andre Sougarret, a respected engineer who gained prominence leading the rescue of 33 miners trapped at the San Jose mine…
By Fabian Cambero SANTIAGO (Reuters) -The CEO of Chile’s state-owned mining giant Codelco is stepping down after only a year in the role, citing person reasons and “complexities” in running the world’s largest copper producer. Andre Sougarret, a respected engineer who gained prominence leading the rescue of 33 miners trapped at the San Jose mine…
