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Wires

  • HOUSTON, Aug 23- Royal Dutch Shell and Anadarko Petroleum announced production shut-ins affecting five Gulf of Mexico oil platforms on Wednesday ahead of a storm expected to lash the Texas coast with heavy winds and rain later this week. The U.S. National Hurricane Center issued a hurricane watch Wednesday for much of the Texas coast, calling for slow-moving...

  • BUENOS AIRES, Aug 23- Argentina is betting on the reopening of the European market to maintain demand for its biodiesel exports after the United States imposed steep duties on imports, the leader of an industry group said on Wednesday. The World Trade Organization last year ruled in favor of Argentina in a dispute over anti-dumping tariffs the European Union...

  • LONDON, Aug 24- British car production rose by an annual 7.8 percent in July as manufacturers boosted output ahead of the key selling month of September, an industry body said on Thursday, reversing the downward trend recorded in recent months. Factories churned out 136,397 vehicles, according to the Society of Motor Manufacturers and Traders, the first...

  • LONDON, Aug 24- Nearly half of businesses operating in Britain's food supply chain say European Union workers are thinking about leaving because of uncertainty around Brexit, an industry survey showed on Thursday. Forty-seven percent of companies in Britain's food supply chain-- which includes farms, food processors, supermarkets and restaurants-- said their...

  • *Any appeal likely to go to Supreme Court next year- experts. SEOUL, Aug 24- If convicted and given a jail sentence, home for Jay Y. Lee, the billionaire de facto head of South Korean conglomerate Samsung, could be a crowded prison set in wooded hills just to the north of Seoul, where disgraced politicians and business leaders have previously served time.

  • *Lower court ruling in Jay Y. Lee trial on Friday. *Samsung Securities regulatory approval delayed due to trial. SEOUL, Aug 24- Samsung Group, South Korea's leading conglomerate, has no' Plan B' for taking big decisions if its billionaire de facto leader Jay Y. Lee is jailed for corruption, people familiar with the matter said.

  • NEW YORK, Aug 23- Venezuela bond prices fell on Wednesday following a report that the U.S. government was considering a ban on trading in the country's debt, with some securities falling to their lowest in 18 months. Venezuela's 2038 sovereign bond fell around 1.5 cents to 34.1 cents, according to Reuters data. Some argue that a ban on secondary trading could...

  • BRASILIA/ SAO PAULO, Aug 23- Brazil's government on Wednesday approved taxing ethanol imports for the first time in a move to protect local producers from growing shipments coming from the United States. The move ends an agreement between the world's two largest ethanol producers, Brazil and the United States, to keep global ethanol trade free of taxes to boost...

  • SAN FRANCISCO, Aug 23- Uber Technologies Inc on Wednesday reported a 16 percent increase in quarterly bookings and a smaller loss than the previous period as the ride-services company showed signs of inching toward profitability. The San Francisco- based company said it lost $645 million in the second quarter, 9 percent less than the $708 million loss in the...

  • WASHINGTON, Aug 23- The Trump administration is considering additional sanctions against Venezuela's government, including a ban on trading the country's debt, a U.S. administration official with knowledge of discussions said on Wednesday. The Wall Street Journal, which first reported on Tuesday the possibility that the United States could prohibit...

  • Aug 23- Electric carmaker Tesla Inc said on Wednesday it would pay $700,000 to its global sales and service president, Jon McNeill, if he met certain targets for 2017.. Elon Musk- run Tesla has been counting on its least pricey electric sedan, Model 3, to become a profitable and high-volume manufacturer of electric cars. Under his incentive compensation plan,...

  • Although the award for the new Long Range Standoff weapon comes amid rising tensions with North Korea, the Air Force had asked the defense industry last summer for proposals to replace the aging nuclear cruise missiles and intercontinental ballistic missile system as the military moved ahead with a costly modernization of its aging atomic weapons systems.

  • President Donald Trump invoked "clean coal" at Tuesday night's rally in Phoenix, repeating a phrase that's used often by coal industry supporters to put a positive spin on the heavily polluting fuel— but one that remains ambiguous in its definition. The Republican president took credit for the opening of a coal mine in Pennsylvania, saying, "We've ended the war on...

  • CALGARY, Alberta, Aug 23- The review of TransCanada Corp's proposed Energy East pipeline will consider its indirect greenhouse gas contributions, Canada's National Energy Board regulator said on Wednesday, expanding the scope of the assessment. Energy East, which would take crude from Alberta to the Atlantic coast, would attain higher prices for Canadian...

  • Aug 23- General Electric Co has resumed negotiations to sell its industrial solutions business to Swiss engineering company ABB Ltd, after the U.S. industrial conglomerate moderated its price expectations, people familiar with the matter said. The move underscores the determination of John Flannery, who took over from Jeffrey Immelt as GE's chief executive...

  • At a campaign-style rally in Arizona late on Tuesday, Trump in a speech that played to his conservative base of support warned he might terminate the NAFTA pact with Mexico and Canada if three-way talks failed to bridge deep differences. Top officials in both Mexico and Canada dismissed Trump's threat as a negotiating tactic. Brazil's benchmark Bovespa stock...

  • CAPE CANAVERAL, Fla.— SpaceX has unveiled a sleek white spacesuit for astronauts on its crewed flights coming up next year. Chief executive Elon Musk made the big reveal via Instagram on Wednesday. SpaceX is developing a crew version of its Dragon cargo capsule for NASA astronauts.

  • The bureau said American Express was ordered to pay another $1 million for practices including charging higher interest rates, imposing stricter credit cutoffs and providing less debt forgiveness and less valuable promotional offers. The bureau said American Express did not intentionally discriminate against customers and that the differences were a...

  • Aug 23- Facebook Inc on Wednesday named one of its veteran executives Andrew Bosworth to lead all of its consumer hardware efforts, including its Building 8 division, the Business Insider reported. Facebook launched the research shop, called Building 8, last year to conduct long-term work that might lead to hardware products. Bosworth will oversee Building 8...

  • CALGARY, Alberta, Aug 23- The upcoming review of TransCanada Corp's proposed Energy East pipeline will consider its potential indirect contributions to greenhouse gas emissions, Canada's National Energy Board regulator said on Wednesday. Energy East, which would take crude from Alberta to the Atlantic coast, would attain higher prices for Canadian...