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Brazil growth forecasts tumble as key pension reform vote looms

Economists continue to slash their forecasts for Brazilian economic growth this year, according to a closely watched survey published on Monday, intensifying the spotlight on a key Congressional vote on pension reform later in the week.
Tags: businessNews


Barclays to cut investment bankers' bonuses: FT

Barclays Plc is planning to cut bonuses for investment bankers as it steps up its defence against activist investor Edward Bramson ahead of next week's annual meeting, the Financial Times reported on Monday.
Tags: businessNews


U.S. names experts to Boeing certification review panel

U.S. Transportation Secretary Elaine Chao said on Monday she named four experts to a blue-ribbon committee to review the Federal Aviation Administration's (FAA) aircraft certification process after two deadly Boeing 737 MAX crashes killed nearly 350 people.
Tags: businessNews


Iran says in touch with partners on waivers

Iran said on Monday a U.S. decision not to renew sanctions waivers has "no value" but that Tehran was in touch with European partners and neighbours and would "act accordingly", Iranian news agencies reported, citing the Foreign Ministry.
Tags: businessNews


Vegan burger maker Beyond Meat plans to raise up to $183.8 million in IPO

Plant-based meat maker Beyond Meat Inc is planning to raise up to $183.8 million from an initial public offering, looking to tap into the growing popularity of veganism.
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Kraft Heinz hires global brand expert Patricio as CEO

Kraft Heinz Co named Miguel Patricio as its next chief executive on Monday, hoping the 30-year marketing veteran will revitalise brands such as Planters nuts and Oscar Mayer bacon at one of the world's largest packaged food companies.
Tags: businessNews


Global oil market picture more favorable now for zero Iranian exports: U.S. officials

Conditions in the global oil market have turned more favorable since last November, enabling the United States to eliminate all the waivers it had granted to eight economies to buy Iranian oil and demand to reduce exports to zero, senior officials from the State Department said on Monday.
Tags: businessNews


Samsung delays public rollout of Galaxy Fold phone

Smartphone maker Samsung Electronics Co Ltd said on Monday it will delay the public rollout of its Galaxy Fold without giving a new release date.
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Herman Cain withdraws from consideration for Fed seat, Trump says

U.S. President Donald Trump said on Monday that businessman and former presidential candidate Herman Cain withdrew from consideration for a seat on the Federal Reserve Board.
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Wall Street pauses ahead of big earnings wave

U.S. stocks were little changed on Monday, as investors were wary of making big bets ahead of a barrage of reports from major companies this week.
Tags: businessNews


U.S. home sales tumble as supply constraints linger

U.S. home sales fell more than expected in March as rising demand stoked by declining mortgage rates and slowing house price inflation continued to be frustrated by a lack of properties, especially in the lower-priced segment of the market.
Tags: businessNews


Trump says Herman Cain has withdrawn from consideration for Fed seat

U.S. President Donald Trump said on Monday that businessman Herman Cain has withdrawn his name from consideration for a seat on the Federal Reserve Board.
Tags: Money, businessNews, Donald Trump, Trump, Fed, Herman Cain


Model S fire video adds to Tesla woes pre-results

Video of a parked Tesla Inc Model S exploding and a Wall Street downgrade of the electric carmaker's stock pushed shares down 4 percent on Monday, as it prepared to issue results for a troubled first quarter.
Tags: Money, Tesla, businessNews, Tesla Inc


Brazil growth forecasts tumble ahead of key pension reform vote

Economists continue to slash their forecasts for Brazilian economic growth this year, according to a closely watched survey published on Monday, intensifying the spotlight on a key Congressional vote on pension reform later in the week.
Tags: Money, businessNews, Brazil, Congressional


Wall Street pauses as investors await spate of major earnings

U.S. stocks were trading flat on Monday, as investors were wary of making big bets ahead of a barrage of reports from major companies this week.
Tags: Money, businessNews


Easter sunshine brings shoppers to British high streets

Sunny weather encouraged British shoppers onto the high street over Easter, with footfall across retail destinations rising 6.5 percent on Friday, 1.2 percent on Saturday and 8.4 percent on Monday morning, research company Springboard said.
Tags: Money, businessNews, Springboard


Global Markets: Oil jumps on U.S. plans to tighten Iran sanctions, dollar eases

Crude oil jumped almost 3% on Monday after the United States said it will tighten a clamp-down on Iranian oil exports in May while U.S. equities were little changed as Wall Street braced for corporate results in a busy earnings week.
Tags: Money, Iran, businessNews, United States


Nissan to reject new integration proposal from Renault: Nikkei

Nissan Motor Co Ltd will reject a management integration proposal from French partner Renault SA and will call for an equal capital relationship, the Nikkei newspaper said on Monday, citing sources.
Tags: Money, businessNews, Nissan, Renault, Renault SA, Nissan Motor Co Ltd


U.S. to end all waivers on Iran oil imports, crude price jumps

The United States demanded a cut off of Iranian oil exports to major importers like China and India who had been granted exemptions from sanctions, sending crude prices to six-month highs on fears the U.S. action could lead to a supply crunch.
Tags: Money, China, India, Iran, businessNews, United States


GAIL highest bidder for IL&FS wind assets with $689 million offer

GAIL (India) Ltd is set to complete the purchase seven wind power plants from India's debt-ridden Infrastructure Leasing and Financial Services (IL&FS), after offering 48 billion rupees ($689.3 million), IL&FS said on Monday.
Tags: Money, India, businessNews, GAIL India Ltd


Gold holds steady on weaker dollar, U.S.-Iran tensions

Gold steadied on Monday, holding above a near four-month low touched the previous session on support from a weaker dollar and expectations the United States would further restrict Iranian oil exports.
Tags: Money, Iran, businessNews, United States


Blackstone buys majority stake in packaging firm Essel Propack

U.S.-based Blackstone Group agreed to buy a 51 percent stake in Essel Propack Ltd, India's largest rigid plastic packaging provider said on Monday.
Tags: Money, businessNews, Blackstone, Blackstone Group, Essel Propack, Essel Propack Ltd India


Kraft Heinz banks on Anheuser-Busch exec in strategy shift

Kraft Heinz Co replaced Chief Executive Officer Bernardo Hees with Anheuser-Busch InBev veteran Miguel Patricio, changing leadership after years of cost-cutting that has hurt some of its biggest brands.
Tags: Money, businessNews, Anheuser Busch, Anheuser Busch Inbev, Kraft Heinz, Kraft Heinz Co, Bernardo Hees, Miguel Patricio


U.S. home sales slump ahead of spring selling season

U.S. home sales fell more than expected in March, pointing to continued weakness in the housing market despite declining mortgage rates and slowing house price gains.
Tags: Money, businessNews


Wall Street dips ahead of earnings deluge

U.S. stocks pulled back slightly on Monday as investors awaited a barrage of major earnings reports this week, the busiest this earnings season, while a jump in energy stocks kept losses in check.
Tags: Money, businessNews


Iran says ready for U.S. waivers end, as Guards threaten to shut Hormuz

Tehran is prepared for a U.S. decision to end waivers granted to buyers of Iranian crude, an Iranian oil ministry source said on Monday, as the Revolutionary Guards repeated their threat to close the strategic Strait of Hormuz, Iranian media reported.
Tags: Money, Iran, businessNews, Tehran, Hormuz, Strait


GAIL emerges as highest bidder for IL&FS wind energy assets

India's debt-ridden Infrastructure Leasing and Financial Services (IL&FS) said on Monday that GAIL (India) Ltd has emerged as the highest bidder for seven of its wind power plants.
Tags: Money, India, businessNews, Gail, GAIL India Ltd


Wall Street opens lower as technology stocks weigh

U.S. stocks edged lower at the open on Monday, weighed down by technology shares, as investors took a cautious stance at the start of what is expected to be the busiest week of the first-quarter earnings season.
Tags: Money, businessNews


Activist Knight Vinke calls for Uniper split to end Fortum deadlock

Uniper should explore a deeper break-up to overcome antitrust hurdles that have prevented Finland's Fortum from taking full control of the German utility, activist investor Knight Vinke said on Monday.
Tags: Money, businessNews, Finland, Fortum, Knight Vinke


U.S. will not reissue waivers for Iran oil imports: White House

U.S. President Donald Trump has decided to eliminate all waivers issued to eight economies allowing them to buy Iranian oil without facing U.S. sanctions, the White House said on Monday, while vowing to ensure global oil market was well supplied.
Tags: Money, White House, Iran, businessNews, Donald Trump