WELLINGTON, New Zealand— New Zealand dairy giant Fonterra posts record revenue but cuts its projected payout to farmers amid market volatility. On Wednesday Fonterra announced revenue rose 19 percent to 22.3 billion New Zealand dollars in the year ending July when compared to the previous year.» Read More
June 18- Valeant Pharmaceuticals Inc said on Wednesday it began an exchange offer for Allergan Inc, taking its $50.8 billion bid directly to shareholders. Valeant, which said on Tuesday it would launch the offer this week, said Allergan shareholders can choose to trade each share for $72 in cash and 0.83 Valeant shares.
GENEVA, June 18- Armed separatists in eastern Ukraine have achieved nothing but the creation of a climate of insecurity which is ruining their own region, U.N. human rights chief Navi Pillay said on Wednesday.
CIRCUIT COURT OF APPEALS SAYS STAY OF ENFORCEMENT OF 2013 INJUNCTION LIFTED.
APPEALS COURT LIFTS STAY OF INJUNCTION IN ARGENTINA BOND LITIGATION.
DETROIT, June 18- U.S. safety regulators said on Wednesday they have opened two investigations into Chrysler Group vehicles involving possibly faulty ignition switches that can be bumped out of the "run" position, disabling airbags in the event of a crash.
DETROIT, June 18- General Motors Co CEO Mary Barra speaking in Congress:. *CEO Barra says company's board will not approve feinberg awards, he is. independent in determining how much people receive.
GENERAL MOTORS CO CEO BARRA SAYS COMPANY'S BOARD WILL NOT APPROVE FEINBERG AWARDS, HE IS INDEPENDENT IN DETERMINING HOW MUCH PEOPLE RECEIVE.
*Shell Midstream Partners LP files to raise up to $750 million. Shell Midstream Partners LP filed with U.S. regulators on Wednesday to raise up to $750 million in an initial public offering of common units.
CAPE TOWN, June 18- Huge mud-sifting machinery and other technological advances pioneered by De Beers over the past decade have enabled it to profitably exploit the world's largest marine diamond deposits in deep waters off Namibia. It is controlled remotely by a mining vessel called the "Mafuta", and both are undergoing major refurbishment in Cape Town.
June 18- ConAgra Foods Inc warned that its adjusted fourth-quarter profit would be lower than its forecast, as the company struggles with its big push into private-label foods and sales fall in its consumer foods business. The company's shares fell as much as 7.4 percent to $30.41 on the New York Stock Exchange on Wednesday.
FINANCE MINISTER SAYS CYPRUS INITIALLY SOUGHT 500 MLN EUROS IN BOND, RAISED TO 750 MLN ON STRONG INVESTOR DEMAND.
HELSINKI, June 18- Finland and Estonia will have to return to the drawing board with a joint gas terminal project after the European Commission said a proposed two-terminal model would not be eligible for subsidies, the Finnish government said.
CYPRUS FINANCE MINISTER SAYS INTL BOND ISSUE A STEP TOWARDS CYPRUS'S' SYSTEMATIC' RETURN TO MARKETS.
LONDON/ CHICAGO, June 18- The European Union is likely to surpass the United States to become the top world wheat exporter next season as high freight rates help EU suppliers tighten their grip on nearby markets in the Middle East and expand sales in Asia.
NEW YORK, June 18- Cramming clothes into carry-on bags may not appeal to travelers in Europe this summer, but the alternative could be worse; checked luggage is nearly three times more likely to arrive late in Europe than in the U.S. due to complex airport transfers and strikes.
Just six years after it voluntarily defaulted on its obligations, Ecuador on Tuesday sold a larger-than-expected US $2 bn 10- year bond on the strength of US $5.1 bn in orders. The 7.95% finish offered a pick-up to the low 4% to high 6% yields seen on comparables including Guatemala, Paraguay, Bolivia, Honduras and Jamaica.
part of victim compnensation fund@. DETROIT, June 18- General Motors Co CEO Mary Barra speaking in Congress:. *CEO Barra says issue of vehicles that have lost value due to switch recall is.
*Oil nears $114 a barrel on Iraq concerns. NEW YORK, June 18- The dollar dipped and Wall Street equities treaded water on Wednesday as global markets puzzled over the odds Federal Reserve Chair Janet Yellen will soon strike a more hawkish tone on monetary policy.
WASHINGTON, June 18- The U.S. current account deficit increased to its widest point in 1-1/ 2 years in the first quarter, but was likely to resume its downward trend as exports accelerate.
*Wants UBS to split wealth management, investment bank. MONACO, June 18- Eric Knight, chief executive of activist fund manager Knight Vinke, believes Swiss bank UBS will eventually follow his advice and split its wealth management business from its investment bank.