Reuters US Business

By Jonathan Stempel NEW YORK (Reuters) -The U.S. government sided with Argentina in urging a federal judge not to force the cash-strapped country to give up its 51% stake in oil and gas company YPF to partially satisfy a $16.1 billion court judgment. In a Wednesday night letter, known as a statement of interest, to …

US sides with Argentina in dispute over $16 billion YPF judgment Read More »

By Elviira Luoma (Reuters) -Air France-KLM on Thursday reported a bigger-than-expected drop in its quarterly operating result and warned that this year’s costs would be higher than previously projected. The French-Dutch airline group’s shares fell 11% and could see their biggest daily drop in over two years if the losses persist. It expects its unit …

Air France-KLM warns of higher annual costs after Q3 profit miss Read More »

By Sourasis Bose (Reuters) -Canada’s Barrick Gold missed Wall Street estimates for third-quarter profit on Thursday, weighed down by higher costs and lower production at its Nevada mines. Total gold output at Nevada Gold Mines fell to 385,000 ounces in the July-to-September quarter, compared with 401,000 ounces in the preceding three months, the company reported …

Barrick Gold misses profit estimates on higher costs, lower Nevada production Read More »

By Tom Polansek CHICAGO (Reuters) – U.S. farmers want something from President-elect Donald Trump that his trade policies mean he is unlikely to deliver: increased access to the market of top soy-importer China. Trump’s Republican party enjoys wide support across the U.S. farm belt, where he won most states in Tuesday’s election. Farmers typically back …

Analysis-US farmers back Trump but face pain from China tariff threats Read More »

JERUSALEM (Reuters) -The Israeli defence ministry said on Thursday it had signed an agreement to acquire 25 next generation F-15 fighter jets from Boeing Co. It said the $5.2 billion agreement was part of a broader package of U.S. aid approved by the U.S. administration and Congress earlier this year and included an option for …

Israel signs $5.2 billion deal to acquire 25 F-15 fighter jets from Boeing Read More »

By Louis van Boxel-Woolf (Reuters) – Daimler Truck warned of tough conditions ahead as it reported third quarter earnings on Thursday, with CFO Eva Scherer saying that instability resulting from the German government’s collapse could make things worse. “Our market share in Germany is about double the market share we have in the EU,” Scherer …

Daimler Truck wants stability in Germany as warns of tough times ahead Read More »