The White House has threatened to slap tariffs on apparel and footwear, leading retailers to speak out about how this would hurt business.Retailread more
"We are now embarking on a new Long March, and we must start all over again!" Xi Jinping said.Marketsread more
While investing often seems like a contrarian game where going against the flow feels like the better bet, the reality is that investors who bought the most-favored stocks...Hedge Fundsread more
Craig Irwin of Roth Capital Partners said Apple tried to buy Tesla six years ago for a higher price than where the stock now trades.Technologyread more
CNBC's Jim Cramer says Morgan Stanley cutting its worst-case forecast on Tesla so drastically from $97 per share appears to be a gimmick.Investingread more
U.S. aviation officials believe a bird strike may have led to the deadly crash of an Ethiopian Airlines Boeing 737 Max in March, according to a person familiar with the...Aerospace & Defenseread more
The escalating trade war between China and the U.S. could increase pressure on the overall economy, according to Boston Fed President Eric Rosengren.The Fedread more
May outlined her new Brexit proposals which are being voted on by politicians next month.Europe Marketsread more
The Time's Up Legal Defense Fund, the American Civil Liberties Union and fast-food workers coalition Fight for $15 said Tuesday that they have filed 23 new complaints against...Restaurantsread more
Sales of existing U.S. homes fell 0.4% in April compared with March to a seasonally adjusted annualized rate of 5.19 million units, according to the National Association of...Real Estateread more
Japanese automakers say they generated more than 1.6 million jobs in the U.S. at manufacturing plants, dealerships and suppliers. Of those jobs, more than 94,000 people are...Autosread more
HOUSTON, May 6 (Reuters) - Brazil expects to collect at least $47 billion in signing bonuses this year from three upcoming offshore oil auctions set for October and November, an official said on Monday.
An Oct. 27 sale of production rights in Brazil's so-called transfer-of-rights area - one of the world's most promising offshore oil areas off the coast of southeastern Brazil - could draw $27 billion (106 billion reais) in signing bonuses, said Marcio Felix, executive secretary for oil, gas and biofuel at Brazil's Ministry of Mines and Energy, at a Houston energy conference.
Two other offshore bidding rounds are set for Oct. 10 and Nov. 7. The Nov. 7 round was expected to generate $20 billion (80 billion reais) and Felix said the October round could yield even more.
Brazil's national energy policy council (CNPE) also plans to set "some strategic guidelines" for Brazil's refining sector soon, Felix said on the sidelines of the Offshore Technology Conference in Houston.
In a meeting limited to eight government officials, CNPE is set to gather on May 9 to discuss the guidelines. The meeting follows a plan by state-controlled Petroleo Brasileiro SA to sell eight refineries for roughly $20 billion and focus on its core oil and gas exploration business.
"We welcome this (Petrobras) initiative (to sell refining assets) and Petrobras is independent and can make this decision," Felix said. "Our concern is how this will (affect) the private sector and how there will be a new market for refining in Brazil." ($1 = 3.9683 reais) (Reporting by Collin Eaton; Editing by Lisa Shumaker)