Agricultural commodities giant
Louis Dreyfus Company (LDC) has launched a cost-cutting and
reorganization drive in the face of difficulties confronting
global trading houses, according to an internal memo seen by
Reuters on Wednesday.
The Trump administration
assured U.S. banks on Wednesday that they can temporarily
process U.S. dollar transactions on a Dalian unit of China's
biggest shipping company COSCO that Washington had imposed
sanctions on over suspicions it transported oil from Iran.
Australian shares are set to open higher
on Thursday as upbeat economic data from the United States is
expected to allay concerns of slowing economic growth, while
prospects of a trade deal between China and Beijing will likely
U.S. economic growth picked up slightly...
Private equity firm Catalyst Capital
Group Inc on Wednesday made a competing offer for Hudson's Bay
Co that challenges the Canadian retailer's deal with a
consortium led by its executive chairman, Richard Baker.
Nearly one-third of projected
U.S. net farm income this year will come from government aid and
taxpayer-subsidized commodity insurance payments, according to a
forecast issued Wednesday by the U.S. Department of Agriculture.