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Updated: 19 hours 23 min ago

Japan plans to invest $5.6 billion in Indonesia - Investment Chief

Thu, 26/03/2015 - 03:59
JAKARTA (Reuters) - Japanese companies will invest $5.6 billion (4 billion pounds) in Indonesia, following President Joko Widodo's visit to Tokyo, the head of Indonesia's investment board said.






Asia shares skid; oil climbs on Yemen escalation

Thu, 26/03/2015 - 03:23
SYDNEY (Reuters) - Asian shares slipped on Thursday as tensions in the Middle East and losses on Wall Street soured sentiment, while the dollar's bull run looked to have stalled for the time being.






Leaked Pacific trade pact draft shows investment carve-outs sought

Thu, 26/03/2015 - 03:20
WASHINGTON (Reuters) - Australia's medicine subsidies, Canadian films and culture plus capital controls in Chile would be carved out from investment protection rules being negotiated in a Pacific trade pact, according to a draft text released by Wikileaks on Wednesday.






Analysis - 3G to use its cost-cutting playbook on Kraft after Heinz merger

Thu, 26/03/2015 - 02:14
NEW YORK (Reuters) - When Kraft Foods Group merges with H.J. Heinz Co, they will share a name, a central place in the American kitchen and two headquarters near Chicago and Pittsburgh.






Miners suspend operations in Chile as heavy rains flood roads

Thu, 26/03/2015 - 00:39
SANTIAGO (Reuters) - Torrential downpours in the north of Chile, the world's biggest copper producer, have forced companies to suspend operations at several of the area's major mines, putting an estimated 1.6 million tonnes of capacity of the red metal on hold.






Asia shares slip as soft U.S. data dims mood

Wed, 25/03/2015 - 23:58
SYDNEY (Reuters) - Asian shares slipped on Thursday as losses on Wall Street and soft U.S. economic data soured sentiment, while the dollar's bull run looked to have stalled for the time being.






Etihad may sell Aer Lingus stake if IAG deal gets nod - FT

Wed, 25/03/2015 - 23:41
(Reuters) - Chief executive of Etihad Airways has indicated that the Abu Dhabi-based airline would be willing to sell its stake in Aer Lingus Group Plc , if the Irish government backs the offer made by International Airlines Group for the Dublin-based carrier, the Financial Times reported.






Miners suspend operations in Chile as heavy rains flood roads

Wed, 25/03/2015 - 23:39
SANTIAGO (Reuters) - Torrential downpours in the north of Chile, the world's biggest copper producer, have forced companies to suspend operations at several of the area's major mines, putting an estimated 1.5 million tonnes of capacity of the red metal on hold.






Glencore says some Chile ops affected by heavy rains

Wed, 25/03/2015 - 22:48
SANTIAGO (Reuters) - Mining firm Glencore plc said on Wednesday its operations in Chile had been partly affected by heavy rains that have drenched the north of the country.






Anglo American suspends operations at Chile's Mantoverde due to rain

Wed, 25/03/2015 - 22:23
SANTIAGO (Reuters) - Anglo American PLC said on Wednesday that it has suspended operations at its Mantoverde copper mine as heavy rains in northern Chile have cut power supply.






Schlumberger pleads guilty to violating U.S. sanctions on Iran, Sudan

Wed, 25/03/2015 - 22:17
WASHINGTON (Reuters) - The U.S. Justice Department said on Wednesday that a subsidiary of Schlumberger Oilfield Holdings had pleaded guilty to violating U.S. sanctions related to Iran and Sudan and would pay a $237.2 million (159.3 million pound) fine.






Shell sees only some Canadian LNG export projects materialising

Wed, 25/03/2015 - 21:13
LONDON (Reuters) - Shell expects only a fraction of liquefied natural gas (LNG) export projects already approved by the Canadian government to go ahead in the next decade, an executive said on Wednesday.

Heinz-Kraft deal expands food larder for Buffett, 3G

Wed, 25/03/2015 - 20:54
(Reuters) - Ketchup maker H.J. Heinz Co, backed by Warren Buffett's Berkshire Hathaway Inc and Brazilian private equity firm 3G Capital, will combine with Kraft Foods Group Inc to create the third-largest North American food company, executives said on Wednesday.






Greece fails in bid for early cash release, reforms awaited

Wed, 25/03/2015 - 20:34
BRUSSELS/ATHENS (Reuters) - Greece failed in a bid on Wednesday to secure a quick cash payment from the euro zone rescue fund to help stave off potential bankruptcy next month, raising pressure on Athens to deliver a convincing reform programme within days.






Bank of England policymakers see scant need for rate cut

Wed, 25/03/2015 - 20:17
LONDON (Reuters) - Three Bank of England policymakers said on Wednesday they saw little chance of a cut in interest rates in the face of tumbling inflation, distancing themselves from the position of the central bank's chief economist.






Insight - Top U.S. CEOs reaped billions from stock gains in recent years, Reuters analysis shows

Wed, 25/03/2015 - 05:08
BOSTON (Reuters) - CEOs at large U.S. companies collectively realized at least $6 billion (4 billion pounds) more in compensation than initially estimated in annual disclosures in the five years after the financial crisis first hit, according to a Reuters analysis. The reason for the windfall: the soaring value of their stock awards.






Japan, New Zealand agree U.S. fast-track bill vital for TPP talks - Amari

Wed, 25/03/2015 - 04:59
TOKYO (Reuters) - Japan and New Zealand share the view that a fast-track trade bill in the United States is extremely important for the conclusion of a 12-nation Trans-Pacific Partnership (TPP) deal, the Japanese economy minister said on Wednesday.






Oil prices dip as inventory build drags

Wed, 25/03/2015 - 04:09
SINGAPORE (Reuters) - Crude futures dipped slightly on Wednesday as ballooning U.S. storage volumes continued to pressure prices although relatively healthy demand figures from Europe supported prices.






Asia stocks stall after Wall Street slips, dollar holds gains

Wed, 25/03/2015 - 04:07
TOKYO (Reuters) - Asian stocks stalled on Wednesday following declines on Wall Street, while the dollar held on to modest gains after a rise in U.S. inflation.






Australia ready to join China-led bank, seeks clarity on governance

Wed, 25/03/2015 - 03:38
SYDNEY (Reuters) - Australia is "well and truly" disposed to join the China-led Asian Infrastructure Investment Bank (AIIB), Prime Minister Tony Abbott said on Wednesday, but wants to know how much power Bejing would hold in the institution before a formal decision.






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