Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
President Trump also said he is "not looking for a partial deal" with Beijing, moving away from his suggestion last week that he would consider an "interim deal."Politicsread more
Progress on trade talks will determine how far market will move above new highs.Trader Talk with Bob Pisaniread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Palantir Technologies is targeting a valuation of at least $26 billion in a private fundraising round, the first for the Peter Thiel-backed data analytics startup in four...Wall Streetread more
Michael Pack, a conservative filmmaker linked to Steve Bannon, saw at least $1.6 million in donations from his nonprofit sent into the coffers of his independent production...Politicsread more
The New England Patriots released Antonio Brown only 11 days after signing the wide receiver. The NFL Super Bowl champions initially had kept him in the face of a rape claim,...Sportsread more
The Wall Street Journal's report came as a top Ukraine official said President Donald Trump "is looking" for Ukraine officials to investigate business dealings of Biden's son...Politicsread more
A tour bus carrying Chinese-speaking tourists crashed near a national park in southern Utah, killing at least four people and critically injuring up to 15 others, authorities...U.S. Newsread more
Gun maker Colt announced Thursday that it will halt its production of AR-15 rifles for civilian sales, but the news might not be as exciting for gun control advocates as it...Guns and Weaponsread more
As thousands of people across the world participate in the Global Climate Strike, several Democratic presidential candidates have shared how they will take aggressive action...Scienceread more
MILAN, Sept 9 (Reuters) - Russian petrochemical group TAIF JSC plans to produce bioplastic based on technology licensed by Italy's Bio-on, they said in a joint statement on Monday, boosting shares in the Italian company.
Shares in beleaguered Bio-on leapt more than 20% to 20.90 euros, recovering some of the ground lost after recent allegations of accounting irregularities.
TAIF aims to begin production in 2021, Monday's announcement said, after the construction of a plant able to produce 10,000 tonnes a year of the environment-friendly plastic.
The Russian group has obtained the construction authorisation to build the new plant, the companies said.
Bio-on shares had plunged 73% in two days at the end of July after U.S. hedge fund Quintessential Capital Management called Bio-on "a massive bubble based on flawed technology and fictitious sales."
The Italian company says it has developed a process for the production of biodegradable plastic from agricultural waste. It has repeatedly denied the Quintessential accusations and also filed a legal complaint against the hedge fund.
Italian prosecutors have opened an investigation into possible market manipulation, a judicial source said on July 26. (Reporting by Francesca Landini Editing by David Goodman)