Reuters US Business

By Helen Reid JOHANNESBURG (Reuters) -The board of South Africa’s Gold Fields will not change its offer for Yamana Gold after a surprise rival bid from Agnico Eagle and Pan American, it said on Monday. Gold Fields’ decision reflects “commitment to capital discipline” and to fairness for shareholders in Gold Fields and Yamana, the South …

Gold Fields will not make counter-bid for Yamana Gold Read More »

MILAN (Reuters) – Leonardo has agreed to sell its unit Selex ES’ Air Traffic Management (ATM) activities to Indra Air Traffic, a company controlled by Spain’s Indra Sistemas, the Italian defence group said on Monday. The closing of the transaction is expected in the first quarter of 2023, it added in a statement, without disclosing …

Leonardo sells U.S unit’s ATM business to Spain’s Indra Read More »

MOSCOW (Reuters) – Russia’s largest lender, Sberbank, is suing global commodities trader Glencore for around 117 million euros ($116 million) over unpaid oil supplies, the database of Moscow’s Arbitration Court showed on Monday. The database showed Sberbank was seeking to recover debt and penalties from Glencore Energy UK Ltd over two agreements, worth roughly 58 …

Russia’s Sberbank sues Glencore for $116 million over oil supplies Read More »

MOSCOW (Reuters) – The rouble strengthened on Monday, belatedly responding to last Friday’s dollar weakness as it pulled away from its lowest point since mid-September that was hit before the Russian market closed for a three-day weekend. At 0741 GMT, the rouble was 0.9% stronger against the dollar at 61.53 and had gained 0.1% to …

Rouble rebounds vs dollar as Russian market reopens after long weekend Read More »

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. What the Fed taketh away, China could be about to giveth back. Speculation is mounting that China may make substantial changes to its zero-COVID policy soon and begin opening the economy back up. Chinese asset prices were on …

Positioning for pivot made in China Read More »

(Reuters) – Australia’s no.3 lender Westpac Banking Corp on Monday reported a 1.4% drop in annual profit, hurt by competition in its home lending business and a charge related to the sale of its life insurance unit, while raising its cost target. Last month, the bank warned of a A$1.3 billion hit to the second-half …

Australia’s Westpac annual profit falls on charge from sale of unit Read More »

(Reuters) – Twitter is delaying the rollout of verification check marks to subscribers of its new $8 a month service until after Tuesday’s midterm elections, the New York Times reported on Sunday. Twitter did not immediately respond to a request for comment. The U.S. midterm elections on Tuesday will decide whether Republicans or President Joe …

Twitter to delay badge changes until after U.S. midterm elections, the New York Times reports Read More »

By Gary McWilliams HOUSTON (Reuters) – Exxon Mobil Corp will take up to a $2 billion loss on the highly leveraged sale of a troubled California offshore oil and gas field that have been idled since a 2015 pipeline spill. The sale comes after a failed bid this year to restart production at the site …

Exxon faces $2 billion loss on sale of troubled California oil properties Read More »