US Business

UAW opposes Trump proposal to freeze fuel rules at 2020 levels -testimony

21h02 The United Auto Workers (UAW) will tell Congress on Thursday the union opposes the Trump administration's proposal to freeze fuel efficiency requirements at 2020 levels through 2026, according to written testimony.. . .  Full story

Wall Street climbs after Fed signals potential rate cuts

21h01 Wall Street rose on Wednesday after the Federal Reserve held interest rates steady and signaled potential cuts later this year, reassuring investors worried that the U.S.-China trade war could stall economic growth.. . .  Full story

What is Slack?

20h35 Slack Technologies Inc, whose instant messaging app has taken workplaces by storm, is scheduled to go public via a direct listing on June 20, instead of the more popular initial public offering route.. . .  Full story

U.S. yields fall after Fed signals rate cuts this year

20h32 U.S. Treasury yields turned lower on Wednesday after the Federal Reserve held interest rates steady, as expected, but flagged possible rate cuts of as much as half a percentage point later this year.. . .  Full story

U.S. refiner Phillips 66 enters offshore oil export race

20h25 U.S. oil refiner Phillips 66 is proposing a deepwater crude export terminal off the U.S. Gulf Coast, the company said on Wednesday, challenging at least eight other projects aiming to send U.S. shale oil. . .  Full story

Oil prices mostly steady despite U.S. crude stock draw

20h15 Oil futures were little changed on Wednesday as price support from a larger-than-expected decline in U.S. crude inventories was countered by a slump in equities.. . .  Full story

U.S. tells India it is mulling caps on H-1B visas to deter data rules-sources

20h11 The United States has told India it is considering caps on H-1B work visas for nations that force foreign companies to store data locally, three sources with knowledge of the matter told Reuters, widening. . .  Full story

Fed holds rates steady, signals cuts possible later this year

20h09 The U.S. Federal Reserve held interest rates steady on Wednesday but signaled possible rate cuts of as much as half a percentage point over the remainder of this year, as it responded to increased. . .  Full story

U.S. targets Russian firm for allegedly helping N.Korea evade sanctions

20h00 The United States has sanctioned a Russian financial institution for allegedly helping North Korea evade financial sanctions by assisting a company linked to Pyongyang's primary foreign exchange bank, the U.S. Treasury Department said on Wednesday.. . .  Full story

U.S. Gulf gasoline glut sparks rare tanker voyage to Australia

19h58 A gasoline cargo is set to make a rare voyage to Australia from the U.S. Gulf Coast as swelling stockpiles have suppressed regional prices, opening up this unusual arbitrage opportunity, sources familiar with the matter. . .  Full story

Winners and losers in Trump's trade war with China

19h01 U.S. companies in everything from computer chips to tractors have said President Donald Trump's trade wars, including disputes with Beijing and global steel tariffs, have had an impact on them.. . .  Full story

Senior U.S.-Chinese trade negotiators to confer before Trump-Xi G20 meeting

18h55 The top U.S. trade negotiator said on Wednesday it is in the interests of China and the United States to have a successful trade pact and he expects to confer with a senior Chinese. . .  Full story

Investors rush into U.S. bond funds as trade wars weigh on confidence

18h31 Concerns about a weakening global economy prompted investors to send nearly $11.9 billion into U.S. taxable and municipal bond mutual funds and exchange-traded funds last week, the largest net inflows of any week since February,. . .  Full story

Privatisation of Slovenia's Abanka will see it merge with domestic rival

18h24 Slovenia said on Wednesday that its second biggest bank Nova KBM (NKBM) will buy the country's No. 3 lender Abanka after submitting the winning bid in a scheme to privatise the lender.. . .  Full story

CEOs of some U.S. firms to meet Chinese Premier Li this week - Bloomberg

18h23 Top executives of at least five U.S. companies are scheduled to meet Chinese Premier Li Keqiang this week, Bloomberg reported on Wednesday, citing people familiar with the matter.. . .  Full story

U.S. fund Apollo presents rescue plan for Italy's Carige-sources

18h22 U.S. private equity fund Apollo Global Management has presented a draft rescue plan for Italy's troubled bank Carige, three sources close to the matter said.. . .  Full story

U.S. oil stockpiles fall across the board, crude more than expected -EIA

17h29 U.S. oil stockpiles fell across the board last week, with crude inventories dropping more than expected and refined products posting surprise drawdowns due to a rise in refining and crude exports, and drop in. . .  Full story

Detained U.S. investor loses control of Russia's Vostochny Bank

17h28 Russian private equity fund Baring Vostok said on Wednesday it has ceded a 9.99% stake in Vostochny Bank to the lender's other big shareholder following a legal battle, meaning it is no longer the. . .  Full story

Oil group Total hopes new supercomputer will help it find oil faster and more cheaply

17h16 Energy major Total said its new supercomputer - which has propelled it to a world ranking as the most powerful computer in the sector - will enable its geologists to find oil faster, cheaper. . .  Full story

Who pays Trump's tariffs, China or U.S. customers and companies?

17h13 U.S. President Donald Trump says China pays the tariffs he has imposed on $250 billion of Chinese exports to the United States.. . .  Full story

U.S. trade chief expects to meet China's vice premier ahead of G20

16h30 The top U.S. trade negotiator on Wednesday said he expects he and the U.S. Treasury secretary will meet the Chinese vice premier ahead of the G20 summit in Japan later this month.. . .  Full story

Global economic slowdown hits oil consumption: Kemp

16h30 Global oil consumption rose last year at the slowest rate since 2014, as higher prices and broad deceleration in manufacturing activity and freight movements took their toll on fuel use and petrochemicals.. . .  Full story

TSX flat ahead of U.S. Fed statement

16h28 Canada's main stock index was subdued on Wednesday, as investors adopted a cautious approach ahead of the Federal Reserve's policy statement that could open the door to future interest rate cuts.. . .  Full story

Harley-Davidson strikes deal to build smaller bike in China

16h08 Harley-Davidson Inc will partner with China's Qianjiang Motorcycle Co to build a new smaller motorcycle than its trademark "big hogs", making good on promises to move more production outside the United States that have angered. . .  Full story

U.S. House Speaker Pelosi blasts Trump pressure on Fed over interest rates

15h54 The U.S. Federal Reserve should be independent and not under the influence of President Donald Trump in setting monetary policy, House of Representatives Speaker Nancy Pelosi said on Wednesday.. . .  Full story

Will China dump U.S. bonds as a trade weapon? Not so fast

15h44 The trade war between Beijing and Washington has stoked concern in financial markets that China might opt to weaponize its holdings of more than $1.1 trillion worth of U.S. Treasuries in retaliation for the. . .  Full story

U.S. House Speaker Pelosi cites key problems in way of USMCA trade pact approval

15h33 U.S. House of Representatives Speaker Nancy Pelosi on Wednesday outlined several key impediments to congressional approval of a U.S.-Mexico-Canada trade agreement, as Canadian Prime Minister Justin Trudeau was set to arrive in Washington to push. . .  Full story

U.S. foreign arms sales hit $44.15 bln in first three quarters of FY2019

15h28 The Pentagon's Defense Security Cooperation Agency (DSCA) has executed $44.15 billion in U.S. foreign arms sales through June 19, and the agency's director said he was optimistic the total for the full year would. . .  Full story

Chinese firms plan rare earth manufacturing hub in Hebei

15h06 A group of Chinese firms have jointly established a rare earths innovation centre in the country's Hebei province as part of a plan to develop a manufacturing base in the region, according to the. . .  Full story

OPEC wrangle over meeting date exposes deepening Saudi-Iran rift

15h01 OPEC's month-long wrangle over a date for its next meeting has highlighted a changing dynamic in the group with decisions increasingly driven by long-time leader Saudi Arabia in tandem with non-OPEC Russia, angering member states. . .  Full story

-Apple explores moving 15-30% of production capacity from China - Nikkei

14h12 Apple Inc has asked its major suppliers to assess the cost implications of moving 15%-30% of their production capacity from China to Southeast Asia as it prepares for a restructuring of its supply chain,. . .  Full story

German government spokeswoman declines to comment on Draghi's stimulus hint

14h04 A German government spokeswoman on Tuesday declined to comment on remarks by Mario Draghi that the European Central Bank would ease policy again if inflation fails to accelerate.. . .  Full story

Corn eases again as impact of spring deluge assessed

13h16 Chicago corn fell for a second session on Wednesday, pulling away from a five-year high struck at the start of the week as investors assessed the consequences of a rain-disrupted U.S. planting campaign that. . .  Full story

China snub, drought and debt shake finances of Canada's farmers

13h00 For years, the financial stability of Canadian farmers was the envy of their American counterparts, but rising costs, drought and a dispute with China have weakened their bottom lines.. . .  Full story

China launches anti-dumping investigation into synthetic rubber product

12h31 China's Commerce Ministry said on Wednesday it is launching an anti-dumping investigation imports of a synthetic rubber product from the United States, South Korea and the European Union following a request from major petrochemical producers.. . .  Full story

Global LNG export terminals awaiting approval in 2019

11h43 U.S. energy company Anadarko has approved the construction of a $20 billion gas liquefaction and export terminal in Mozambique, reflecting a global boom in LNG trade. Its announcement late on. . .  Full story

SoftBank-backed Tokopedia scores record $1.3 bln Ramadan sale

10h25 Tokopedia, an Indonesian e-commerce site backed by SoftBank and Alibaba , said on Wednesday it generated a record $1.3 billion in gross merchandise volume (GMV) during Ramadan sale, amid soaring demand for online retail.. . .  Full story

Top Australian analyst joins CLSA exodus to Jefferies - report

10h20 U.S. financial services firm Jefferies has hired well-known Australian banking analyst Brian Johnson from rival broker CLSA, adding to more than two dozen others who have been poached from the Asia-focused broker, local media reported. . .  Full story

U.S. fines firms transhipping via Cambodia to dodge Trump's China tariffs

10h05 The United States has fined several companies for exporting goods via a Chinese-owned special economic zone in Cambodia in a bid to dodge President Donald Trump's tariffs on Chinese imports, a U.S. Embassy official told. . .  Full story

French photo startup Meero joins unicorn club after $230 mln fundraising

09h42 French startup Meero, which offers online editing and production tools for photographers, has raised $230 million in a boost for the country's technology and start-up scene that President Emmanuel Macron hopes will boost the overall. . .  Full story

China stocks end higher on trade hopes, cenbanks easing

09h35 China stocks closed higher on Wednesday as Washington and Beijing looked to rekindle trade talks and confirmed that Presidents Donald Trump and Xi Jinping would meet later this month at the G20 summit.. . .  Full story

China retains anti-dumping tariffs on U.S. distillers grains ahead of Trump-Xi talks

08h52 China's Ministry of Commerce said on Wednesday it will maintain anti-dumping and anti-subsidy tariffs on imports of U.S. distillers grains (DDGs), a by-product of ethanol production used in animal feed, after closing a review launched. . .  Full story

Japan exports slide for 6th month as trade troubles knock demand, weaken outlook

04h26 Japan's exports fell for a sixth straight month in May as China-bound shipments of semiconductor manufacturing equipment and car parts weakened, in a sign of a deteriorating outlook for growth as the trade-reliant economy. . .  Full story

Electric dreams in danger as funding dwindles for China's Tesla challengers

02h00 Last year, Wei Qing and his private equity investment team visited more than 20 Chinese electric vehicle manufacturing startups.. . .  Full story

Japanese businesses see economy peaking out, want more stimulus

01h00 Japan's economy is likely to stop expanding this year and into next with the Sino-U.S. trade war and a planned sales tax hike expected to crimp activity, a Reuters poll of Japanese companies found,. . .  Full story

Japan firms seek more stimulus as economic growth seen peaking out

01h00 Japanese firms expect the economy will stop expanding towards next year, a Reuters poll found, with many respondents calling for policymakers to roll out fresh stimulus to prop up growth.. . .  Full story

Adobe beats quarterly estimates on cloud strength; shares rise

00h41 Adobe Inc beat analysts' estimates for quarterly profit and revenue on Tuesday, driven by growth in its digital media business that houses its flagship product Creative Cloud, sending its shares up 4.6% after market.. . .  Full story

Canadian crude Gulf Coast exports rise as Venezuelan gap is filled -trade sources

00h08 Heavy crudes have poured into the United States this spring, offsetting the loss of Venezuelan oil and producing a mini-surplus, with Canadian heavy crude this month being exported from the U.S. Gulf Coast.. . .  Full story

Trump pressures Fed's Powell: 'Let's see what he does'

18/06 President Donald Trump on Tuesday kept up pressure on the head of the Federal Reserve to lower interest rates, following a report that White House lawyers earlier this year explored whether they could legally strip. . .  Full story

Defying Trump, U.S. senator moves toward vote to block Saudi arms sales

18/06 U.S. Senator Bob Menendez began the formal process on Tuesday of blocking a White House plan for $8 billion in military sales to Saudi Arabia and the United Arab Emirates without the consent of. . .  Full story

U.S. seen open to mechanism to end aircraft subsidy fight -sources

18/06 The United States is expected to be open to negotiations on an "enforceable mechanism" that could allow European planemaker Airbus to receive government funding on commercial terms and ease the risk of tit-for-tat sanctions, two. . .  Full story

China suspending pork imports from 3rd Canadian firm as dispute with Ottawa deepens

18/06 China will block pork imports from a third Canadian firm after a shipment was found to contain the banned feed additive ractopamine, the customs agency said on Tuesday, deepening a trade and diplomatic dispute. . .  Full story

Trump says U.S., Chinese teams to restart trade talks ahead of G20

18/06 U.S. President Donald Trump said on Tuesday he had spoken to Chinese President Xi Jinping and that the two leaders' teams would restart trade talks after a long lull in order to prepare for. . .  Full story

U.S. regulator considers boosting investor options to private offerings

18/06 The U.S. Securities and Exchange Commission said on Tuesday it is considering boosting the number of options in private stock sales by broadening access to more potential investors and revamping the capital-raising process of private. . .  Full story

Wall St nears record as mood on trade again turns optimistic

18/06 Wall Street surged on Tuesday and the S&P 500 approached a record high after Washington rekindled trade talks with Beijing, boosting sentiment along with growing investor confidence that the Fed will cut interest rates. . .  Full story

Photoshop maker Adobe beats revenue, profit estimates

18/06 Adobe Inc beat analysts' estimates for quarterly profit and revenue on Tuesday, driven by growth in its digital media business that houses its flagship product Creative Cloud.. . .  Full story

Trump on demoting Fed's Powell: 'Let's see what he does'

18/06 President Donald Trump on Tuesday kept up the pressure on the head of the Federal Reserve following a report that lawyers at the White House earlier this year explored the legality of stripping Jerome. . .  Full story

Corn, wheat slide on profit-taking as U.S. corn seeding winds down

18/06 U.S. corn futures declined on Tuesday as government data showing a rain-delayed planting campaign was nearing an end encouraged a pause in a rally that took prices to a five-year high a day earlier.. . .  Full story

Google invests $1 bln to ease housing shortage near California headquarters

18/06 Alphabet Inc's Google announced on Tuesday it would set aside $750 million in land and $250 million in financing to spur developers in the San Francisco Bay Area to build at least 20,000 homes. . .  Full story

Airbus seeks new partners to expand in U.S. space market

18/06 Airbus' defence division is looking for new partners to expand its presence in the growing U.S. space market, and could potentially build components for a lunar programme there, Airbus Defence and Space Chief Executive Dirk. . .  Full story

Trump administration departures, firings, reassignments

18/06 Acting U.S. Defense Secretary Patrick Shanahan has withdrawn from consideration to head the U.S. military, President Donald Trump said on Tuesday, making Shanahan the latest of dozens of senior figures to leave the high-turnover Trump. . .  Full story

U.S. yields plummet after Draghi comments; Fed decision ahead

18/06 U.S. Treasury yields plunged on Tuesday, in line with the European market, after European Central Bank President Mario Draghi hinted at more stimulus if regional inflation fails to pick up toward its target.. . .  Full story

U.S. farmers may need more aid if trade deals stall during election season -lobby

18/06 Farmers may need a third round of government aid next year if political in-fighting during the 2020 U.S. election cycle prevents the Trump administration from landing trade deals and reopening top export markets, the. . .  Full story

Cotton touches two-week high on China trade deal optimism

18/06 Cotton prices rose on Tuesday to hit a two-week high on renewed optimism that the trade dispute between the United States and China may be resolved as Washington said it would rekindle trade talks. . .  Full story

U.S. trade chief says talking with China won't stop cheating

18/06 U.S. tariffs on Chinese goods may not be enough to force Beijing to make the economic reforms demanded by the United States, but the trade barriers are the only recourse given dialogue has failed,. . .  Full story

U.S. housing starts drop in May masks some signs of improvement

18/06 U.S. homebuilding fell in May, but groundbreaking activity in the prior two months was stronger than previously thought, pointing to some tentative signs of improvement in the struggling housing market.. . .  Full story

Netanyahu welcomes Bahrain meeting, Israeli ex-general to attend

18/06 Prime Minister Benjamin Netanyahu praised on Tuesday a U.S.-led conference on the Palestinian economy in Bahrain, and a source said a former Israeli general would be among the participants.. . .  Full story

White House's Kudlow: U.S. looking for "enforceable" trade deal with China -Fox

18/06 The United States wants to continue trade discussions with China that focus on structural changes and enforcement mechanisms when talks continue late this month during the G20 summit in Japan, White House economic adviser Larry. . .  Full story

Google calendar app down globally

18/06 Alphabet Inc's Google Calendar app users were unable to access their schedules on Tuesday as the app faced technical issues globally.. . .  Full story

Bayer asks trial judge to reverse $2 billion Roundup jury verdict

18/06 Bayer AG has asked a California judge to overrule a $2 billion verdict by jurors who found the company's glyphosate-based Roundup weed killer responsible for a couple's cancer, arguing the jury decision was not supported. . .  Full story

TSX rises as energy, material shares gain

18/06 Canada's main stock index gained on Tuesday, driven by precious metal miners and energy companies, ahead of the Federal Reserve's two-day monetary policy meeting.. . .  Full story

Kellogg to cut jobs, take $35 mln pretax hit on North America unit revamp

18/06 Kellogg Co said on Tuesday it would cut about 150 jobs and take a $35 million hit to trim its North American operations following the sale of Keebler biscuits and a handful of other. . .  Full story

Uber threatens to withdraw from Austria

18/06 U.S.-based ride-hailing service Uber Technologies Inc threatened on Tuesday to withdraw from Austria if a new law that would subject it to the same price regulations as taxis is adopted.. . .  Full story

Gazprom says new Ukraine government needed for gas talks

18/06 Russian state gas giant Gazprom is awaiting the formation of a Ukrainian government before starting talks with Kiev on extending a deal to transit Russian gas across Ukraine to Europe, a senior company official said. . .  Full story

U.S. housing starts fall, but prior months revised up

18/06 U.S. homebuilding unexpectedly fell in May, but data for the prior two months was revised higher and building permits increased, suggesting that the housing market was drawing some support from a sharp decline in mortgage. . .  Full story

ADM to cut jobs at animal feed unit Neovia in France

18/06 Archer Daniels Midland Company plans to cut 127 staff at its recently acquired Neovia animal feed business in France to eradicate job duplication, the head of the group's animal nutrition department said on Tuesday.. . .  Full story

For Fed's Powell, a gap with markets and Trump may need explaining

18/06 Bond investors expect an aggressive set of U.S. interest rate cuts this year, and a voluble president pines for the “old days” when his predecessors bullied central bankers to get their way.. . .  Full story

Avolon orders 14 CFM LEAP-1A engines in order worth $2 billion

18/06 Aircraft leasing and lease management services company Avolon has ordered 140 CFM LEAP-1A engines to power 70 Airbus A320neo planes, in a deal worth $2 billion at list prices.. . .  Full story

German investor morale drops on weak data, headwinds from abroad - ZEW

18/06 The mood among German investors deteriorated sharply in June, a survey showed on Tuesday, with the ZEW institute pointing to recent weak economic data and an escalating trade dispute between China and the United. . .  Full story

India to review data storage rules that irked U.S. tech firms

18/06 India will examine concerns raised by foreign technology companies around stringent rules to store data locally, the government said on Tuesday, an issue that has upset firms such as Mastercard and also irked the U.S.. . .  Full story

With cows, chickens and greenhouses, Qatar takes on regional boycott

18/06 Two years after flying in thousands of dairy cows to beat a trade embargo, Qatari milk producer Baladna has made its first exports.. . .  Full story

Infineon raises $1.7 billion to help fund Cypress deal

18/06 Infineon Technologies raised 1.545 billion euros ($1.74 billion) in an accelerated capital increase to help fund the cost of its planned acquisition of Cypress Semiconductor, it said late on Monday.. . .  Full story

Kuroda says BOJ will debate rising overseas economic risks this week

18/06 Bank of Japan Governor Haruhiko Kuroda said the central bank will "certainly" debate heightening overseas risks at a rate review this week, underscoring concerns among policymakers about the economic fallout of a U.S.-China trade war.. . .  Full story

Australian grocer Coles eyes $685 mln in savings, shares jump

18/06 Coles Group Ltd , Australia's second-biggest grocery chain, on Tuesday unveiled a plan to cut A$1 billion ($685 million) in costs over the next four years, as it looks to technology to offset rising labour. . .  Full story

Pfizer makes $10.6 bln cancer bet in cash deal for Array Biopharma

18/06 Pfizer Inc said on Monday it would buy Array Biopharma Inc for $10.64 billion in cash, a deal it hopes will help make it a leader in colon cancer and build up its pipeline. . .  Full story

Banks to include CO2 emission measures in shipping loan decisions

18/06 A group of leading banks will for the first time include efforts to cut carbon dioxide emissions in their decision making when providing shipping company loans, executives said on Tuesday.. . .  Full story

Bah humbug! Trump's plan for more China tariffs to hit festive shoppers

17/06 This year's holiday season could be tighter for many Americans if the U.S. government imposes tariffs on another $300 billion worth of Chinese imports - because that will include tech products, game consoles, toys, cribs,. . .  Full story

U.S. Senator Rubio targets Huawei over patents

17/06 U.S. Senator Marco Rubio filed legislation on Monday that would prevent Huawei Technologies Co Ltd from seeking damages in U.S. patent courts, after the Chinese firm demanded that Verizon Communications Inc pay $1 billion. . .  Full story

U.S. firms say China tariffs will raise costs, see few sourcing alternatives

17/06 A wide range of U.S. companies told a hearing in Washington on Monday that they have few alternatives other than China for producing clothing, electronics and other consumer goods as the Trump administration prepares new. . .  Full story

Corn sets 5-year high, soybeans advance on poor U.S. weather

17/06 U.S. corn futures touched a five-year high on Monday and soybeans advanced, supported by forecasts for more rains in the Midwest where wet conditions have delayed plantings and cast doubts on production prospects, analysts said.. . .  Full story

Faith in the Fed nudges Wall Street higher

17/06 Wall Street edged higher on Monday, supported by Facebook, Amazon and Apple, as investors awaited a key Federal Reserve meeting that is expected to lay the groundwork for an interest rate cut later this. . .  Full story

Canada's Trudeau to meet with Pelosi, McConnell on USMCA-sources

17/06 Canadian Prime Minister Justin Trudeau this week is set to meet with Democratic Speaker of the House Nancy Pelosi and the U.S. Senate majority leader Mitch McConnell, a Republican, in a bid to fast-track. . .  Full story

Sotheby's snapped up by French tycoon Drahi for $3.7 bln

17/06 Franco-Israeli cable magnate Patrick Drahi made a surprise move into the art world by snapping up Sotheby's in a deal worth $3.7 billion, marking the art auction house's return to private ownership after 31 years.. . .  Full story

Wafer maker Siltronics warns U.S.-China trade tussle to hit sales, profits

17/06 Siltronic, a German maker of wafers used to make silicon chips, became the latest firm in the semiconductor industry to warn that U.S. restrictions on exports to China would hit sales and profitability.. . .  Full story

U.S. yields ease on soft data ahead of Fed decision this week

17/06 U.S. Treasury yields fell on Monday in choppy trading, weighed down by softer-than-expected U.S. economic data and persistent pressure from the trade conflict with China, as investors brace for this week's Federal Reserve monetary policy. . .  Full story

U.S. shale oil output to rise to record 8.52 mln bpd in July -EIA

17/06 U.S. oil output from seven major shale formations is expected to rise by about 70,000 barrels per day (bpd) in July to a record 8.52 million bpd, the U.S. Energy Information Administration said in. . .  Full story

Virginia ban on uranium mining upheld by U.S. Supreme Court

17/06 The largest-known U.S. uranium deposit will remain firmly under ground after the Supreme Court on Monday upheld Virginia's ban on mining the radioactive metal, rebuffing a challenge backed by President Donald Trump's administration to the. . .  Full story

Deutsche Bank plans to pare U.S. equities business to skeleton operation -sources

17/06 Deutsche Bank plans to dramatically reduce the size of its U.S. equities business, leaving only a skeleton operation in place to service corporate and high-net-worth clients, three sources familiar with the matter told Reuters.. . .  Full story

White House will not invite Israeli officials to Bahrain event -senior U.S. official

17/06 The White House will not invite Israeli government officials to a Bahrain conference devoted to gaining support for a Palestinian economic plan in order to keep the event apolitical, a senior administration official said on. . .  Full story

Enterprise Products explores sale of Texas oil terminal stake -document

17/06 U.S. pipeline operator Enterprise Products Partners LP is looking to sell its 50% stake in a recently-completed South Texas crude export terminal, according to a marketing document viewed by Reuters.. . .  Full story

White House will not invite Israeli officials to Bahrain conference to keep event apolitical -senior US official

17/06 The White House does not plan to invite Israeli government officials to a Bahrain conference devoted to gaining support for a Palestinian economic revitalization plan in order to keep the event apolitical, a senior administration. . .  Full story

Infineon launches 1.5 bln euro capital hike to help fund Cypress deal

17/06 Infineon Technologies said on Monday it was launching an accelerated capital increase to raise 1.5 billion euros ($1.68 billion) towards the cost of its planned acquisition of Cypress Semiconductor.. . .  Full story

Iran, Russia talks end without deal on OPEC+ meeting date

17/06 Iran's oil minister met his Russian counterpart in Iran on Monday, industry sources said, raising hopes of progress in resolving an impasse over when OPEC and its allies will hold their next policy gathering.. . .  Full story